Colombian Software Defensive Blue Chips

Ajinomoto

Market Cap: JP¥4.1t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

SSE

Market Cap: UK£20.0b

Engages in the generation, transmission, distribution, and supply of electricity.

Luzhou LaojiaoLtd

Market Cap: CN¥189.7b

Produces and sells alcoholic products in China and internationally.

China Tower

Market Cap: HK$205.2b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Grupo Financiero Banorte. de

Market Cap: Mex$487.0b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

BNP Paribas Fortis

Market Cap: €22.6b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Amrize

Market Cap: CHF 21.0b

Focuses on building materials business in North America.

Koninklijke Philips

Market Cap: €22.5b

Operates as a health technology company in North America, the Greater China, and internationally.

Bank Hapoalim B.M

Market Cap: ₪86.4b

Provides various banking and financial services in Israel and internationally.

Svenska Handelsbanken

Market Cap: SEK 248.5b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Nestlé India

Market Cap: ₹2.3t

Engages in the manufacture and sale of food products in India and internationally.

Bank of Jiangsu

Market Cap: CN¥185.7b

Provides various banking products and services in China.

China National Nuclear Power

Market Cap: CN¥184.9b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س97.0b

Provides private health and ancillary services.

JD Health International

Market Cap: HK$200.4b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

VERBUND

Market Cap: €22.1b

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.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥182.8b

Advanced Micro-Fabrication Equipment Inc.

EnBW Energie Baden-Württemberg

Market Cap: €22.1b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

ABN AMRO Bank

Market Cap: €22.0b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

CGN Power

Market Cap: HK$198.8b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

DexCom

Market Cap: US$25.5b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €21.9b

Provides retail and commercial banking services in Italy.

ASE Technology Holding

Market Cap: NT$778.5b

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł92.5b

Provides various banking products and services in Poland and internationally.

Ørsted

Market Cap: DKK 161.9b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Grupo Nutresa S. A

Market Cap: Col$98.7t

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

Capitec Bank Holdings

Market Cap: R437.4b

Through its subsidiaries, provides various banking products and services in South Africa.

Cincinnati Financial

Market Cap: US$24.9b

Provides property casualty insurance products in the United States.

STMicroelectronics

Market Cap: €21.4b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Constellation Brands

Market Cap: US$24.7b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

New China Life Insurance

Market Cap: CN¥176.0b

Provides life insurance products and services to individuals and institutions in China.

Huaneng Lancang River Hydropower

Market Cap: CN¥175.3b

Engages in the development, construction, operation, and management of hydropower projects.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥174.9b

Inner Mongolia Yili Industrial Group Co., Ltd.

Veolia Environnement

Market Cap: €21.1b

Designs and provides water, waste, and energy management solutions.

Shinhan Financial Group

Market Cap: ₩35.0t

Provides financial products and services in South Korea and internationally.

Pernod Ricard

Market Cap: €21.1b

Produces and sells wines and spirits worldwide.