Brazilian Software Defensive Blue Chips

Cardinal Health

Market Cap: US$37.3b

Operates as a healthcare services and products company in the United States and internationally.

NTPC

Market Cap: ₹3.3t

Operates as an integrated power company in India.

Alcon

Market Cap: CHF 29.4b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Telstra Group

Market Cap: AU$55.4b

Provides telecommunications and information services in Australia and internationally.

Hannover Rück

Market Cap: €30.9b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Consolidated Edison

Market Cap: US$36.3b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Koninklijke Ahold Delhaize

Market Cap: €30.7b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Prudential

Market Cap: UK£26.6b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Danske Bank

Market Cap: DKK 226.6b

Provides various banking products and services to corporate, institutional, and international clients.

China Unicom (Hong Kong)

Market Cap: HK$273.9b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Ambev

Market Cap: R$187.0b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

Microchip Technology

Market Cap: US$34.6b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Intact Financial

Market Cap: CA$48.2b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 27.4b

Engages in the manufacture and sale of chocolate products worldwide.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp573.7t

Provides various banking products and services in Indonesia and internationally.

Swedbank

Market Cap: SEK 320.9b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

GE HealthCare Technologies

Market Cap: US$34.3b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Talanx

Market Cap: €29.2b

Provides insurance and reinsurance products and services worldwide.

CEZ a. s

Market Cap: Kč701.6b

Engages in the generation, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.0t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Endesa

Market Cap: €28.9b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Arch Capital Group

Market Cap: US$33.7b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Willis Towers Watson

Market Cap: US$33.7b

Operates as an advisory, broking, and solutions company worldwide.

Sun Life Financial

Market Cap: CA$46.8b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Imperial Brands

Market Cap: UK£24.7b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥236.7b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

QNB Bank

Market Cap: ₺1.4t

Provides various banking products and services in Turkey.

RWE

Market Cap: €28.2b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Adani Power

Market Cap: ₹2.9t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Seven & i Holdings

Market Cap: JP¥4.8t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

Avenue Supermarts

Market Cap: ₹2.9t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Astera Labs

Market Cap: US$32.5b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Foshan Haitian Flavouring and Food

Market Cap: CN¥224.9b

Foshan Haitian Flavouring and Food Company Ltd.

Fresenius SE KGaA

Market Cap: €26.7b

A health care company, provides products and services for chronically ill patients.