Swiss Software Defensive Blue Chips

MS&AD Insurance Group Holdings

Market Cap: JP¥6.2t

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

Great-West Lifeco

Market Cap: CA$55.2b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

ASM International

Market Cap: €34.0b

Engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia.

Consolidated Edison

Market Cap: US$40.3b

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

KB Financial Group

Market Cap: ₩57.8t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Martin Marietta Materials

Market Cap: US$39.8b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Heidelberg Materials

Market Cap: €33.2b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Hartford Insurance Group

Market Cap: US$39.3b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Telstra Group

Market Cap: AU$55.5b

Provides telecommunications and information services in Australia and internationally.

Moore Threads Technology

Market Cap: CN¥270.5b

Engages in the development of GPU chips and related products.

Endesa

Market Cap: €32.9b

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.

Alcon

Market Cap: CHF 30.0b

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

Sun Life Financial

Market Cap: CA$51.9b

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.

Bank Leumi le-Israel B.M

Market Cap: ₪117.0b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

ACWA Power

Market Cap: ر.س141.1b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Japan Post Holdings

Market Cap: JP¥5.8t

Provides postal, banking, and insurance services in Japan.

Fairfax Financial Holdings

Market Cap: CA$50.9b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

Malayan Banking Berhad

Market Cap: RM 145.7b

Provides commercial banking and related financial products and services.

Grupo Nutresa S. A

Market Cap: Col$136.6t

Operates in the food industry in Colombia, Latin America, and internationally.

Advanced Info Service

Market Cap: ฿1.2t

Operates as a telecommunications company primarily in Thailand.

Cathay Financial Holding

Market Cap: NT$1.2t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Prudential

Market Cap: UK£27.0b

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

Muyuan Foods

Market Cap: CN¥254.1b

Operates as a pork company in the hog farming industry in China.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 28.2b

Engages in the manufacture and sale of chocolate products worldwide.

Vodafone Group

Market Cap: UK£26.6b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Prudential Financial

Market Cap: US$36.2b

Provides financial products and services in the United States, Japan and internationally.

Seven & i Holdings

Market Cap: JP¥5.5t

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

GE HealthCare Technologies

Market Cap: US$35.8b

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.

ResMed

Market Cap: US$35.8b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$614.2b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

QNB Bank

Market Cap: ₺1.6t

Provides various banking and financial services in Turkey.

Arch Capital Group

Market Cap: US$35.7b

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

Huadian New Energy Group

Market Cap: CN¥245.7b

Engages in the power generation business in China.

Imperial Brands

Market Cap: UK£25.9b

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

Hannover Rück

Market Cap: €29.7b

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

Bank Hapoalim B.M

Market Cap: ₪108.9b

Provides various banking and financial services in Israel and internationally.