Swiss Software Defensive Blue Chips

Huaneng Lancang River Hydropower

Market Cap: CN¥168.1b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥166.9b

Inner Mongolia Yili Industrial Group Co., Ltd.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س90.6b

Provides private health and ancillary services.

VERBUND

Market Cap: €20.3b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Coca-Cola FEMSA. de

Market Cap: US$24.0b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

KeyCorp

Market Cap: US$24.0b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Hana Financial Group

Market Cap: ₩34.7t

Through its subsidiaries, provides financial services in South Korea.

STERIS

Market Cap: US$24.0b

Provides infection prevention products and services worldwide.

First Citizens BancShares

Market Cap: US$23.8b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Terna

Market Cap: €20.0b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Brown & Brown

Market Cap: US$23.7b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

First Solar

Market Cap: US$23.7b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Bunge Global

Market Cap: US$23.5b

Operates as an agribusiness and food company worldwide.

CIMB Group Holdings Berhad

Market Cap: RM 91.3b

Provides various banking products and services in Malaysia and internationally.

Cellnex Telecom

Market Cap: €19.7b

Engages in the management of terrestrial telecommunications infrastructures in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland.

Heineken Holding

Market Cap: €19.7b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

Coca-Cola HBC

Market Cap: UK£17.1b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Labcorp Holdings

Market Cap: US$23.1b

Provides laboratory services.

Yihai Kerry Arawana Holdings

Market Cap: CN¥159.2b

Engages in the agriculture and food processing businesses in China.

Federal Home Loan Mortgage

Market Cap: US$22.8b

Operates in the secondary mortgage market in the United States.

Quest Diagnostics

Market Cap: US$22.8b

Provides diagnostic testing and services in the United States and internationally.

Qnity Electronics

Market Cap: US$22.7b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

Loews

Market Cap: US$22.7b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

SBI Life Insurance

Market Cap: ₹2.0t

Operates as a private life insurance company in India.

Riyad Bank

Market Cap: ر.س84.4b

Provides banking and investment services in the Kingdom of Saudi Arabia.

US Foods Holding

Market Cap: US$22.5b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Tyson Foods

Market Cap: US$22.3b

Operates as a food company worldwide.

MTN Group

Market Cap: R352.0b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Credo Technology Group Holding

Market Cap: US$22.0b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Banco de Chile

Market Cap: CL$18.9t

Operates as a commercial bank that provides banking services in Chile.

China United Network Communications

Market Cap: CN¥150.1b

Provides telecommunication services in the People’s Republic of China.

AIB Group

Market Cap: €18.3b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Mizrahi Tefahot Bank

Market Cap: ₪66.6b

Provides a range of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and internationally.

Humana

Market Cap: US$21.6b

Provides medical and specialty insurance products in the United States.

Astera Labs

Market Cap: US$21.5b

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

Eastroc Beverage (Group)

Market Cap: CN¥147.0b

Engages in the manufacturing and distribution of beverages in China, Vietnam, and Malaysia.