German Software Defensive Blue Chips

Lasertec

Market Cap: JP¥3.2t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

NN Group

Market Cap: €17.5b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

IHH Healthcare Berhad

Market Cap: RM 79.4b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$104.0b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Bank of Shanghai

Market Cap: CN¥138.1b

Provides various banking products and services in China.

HANMI Semiconductor

Market Cap: ₩29.6t

Manufactures and sells semiconductor equipment in South Korea and internationally.

US Foods Holding

Market Cap: US$20.0b

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.

Telia Company

Market Cap: SEK 184.3b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Bank of Nanjing

Market Cap: CN¥137.2b

Provides various financial products and services in China.

Astera Labs

Market Cap: US$19.8b

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

Mizrahi Tefahot Bank

Market Cap: ₪61.8b

Provides various banking services in Israel and internationally.

Arca Continental. de

Market Cap: Mex$345.7b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Saudi Awwal Bank

Market Cap: ر.س73.4b

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

Grupo Cibest

Market Cap: Col$72.3t

Provides various banking products and services in Colombia and internationally.

Coles Group

Market Cap: AU$27.2b

Operates as a retailer in Australia.

Principal Financial Group

Market Cap: US$19.5b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Eastroc Beverage (Group)

Market Cap: CN¥132.5b

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

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫504.7t

Provides banking products and services in Vietnam.

Alinma Bank

Market Cap: ر.س71.8b

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

TS Financial Holding

Market Cap: NT$605.5b

Provides various financial products and services.

Terumo

Market Cap: JP¥3.0t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥128.4b

China Three Gorges Renewables (Group) Co.,Ltd.

Anhui Conch Cement

Market Cap: CN¥127.5b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Mega Financial Holding

Market Cap: NT$583.0b

Provides various financial services in Taiwan.

Banco de Sabadell

Market Cap: €15.8b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Wilmar International

Market Cap: S$23.2b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Kansai Electric Power Company

Market Cap: JP¥2.9t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Zimmer Biomet Holdings

Market Cap: US$17.9b

Operates as a medical technology company worldwide.

Centene

Market Cap: US$17.9b

Operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States.

JDE Peet's

Market Cap: €15.4b

Operates as a coffee and tea company worldwide.

Bank of Ireland Group

Market Cap: €15.3b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Uniper

Market Cap: €15.3b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Bank of Hangzhou

Market Cap: CN¥121.1b

Provides various banking products and services for individuals, corporate, and small and micro businesses in China.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp297.2t

Provides information and communications technology, and telecommunications network services worldwide.

Associated British Foods

Market Cap: UK£13.0b

Engages in the food, ingredients, and retail businesses worldwide.

Vodacom Group

Market Cap: R287.6b

Provides communications products and services.