German Software Defensive Blue Chips

BNP Paribas

Market Cap: €95.0b

Provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Enel

Market Cap: €94.4b

Operates as an integrated operator in electricity and gas industries worldwide.

Al Rajhi Banking and Investment

Market Cap: ر.س404.0b

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

Boston Scientific

Market Cap: US$105.9b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

Intesa Sanpaolo

Market Cap: €90.5b

Provides various financial products and services in Italy, Central/Eastern Europe, the Middle East, and North Africa.

ICICI Bank

Market Cap: ₹9.4t

Engages in the provision of various banking and financial services to retail and corporate customers in India and internationally.

Zurich Insurance Group

Market Cap: CHF 79.1b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Mizuho Financial Group

Market Cap: JP¥16.0t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

National Australia Bank

Market Cap: AU$143.3b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

Bank of Montreal

Market Cap: CA$136.4b

Engages in the provision of diversified financial services primarily in North America.

CVS Health

Market Cap: US$99.1b

Provides health solutions in the United States.

Westpac Banking

Market Cap: AU$140.0b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

NFiniTi

Market Cap: US$95.5b

Operates as an alcoholic beverage company that specializes in producing ready-to-drink cocktails across the Western Hemisphere.

Canadian Imperial Bank of Commerce

Market Cap: CA$124.6b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

National Grid

Market Cap: UK£66.5b

Engages in the transmission and distribution of electricity and gas.

Bank of Nova Scotia

Market Cap: CA$120.8b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

Marsh & McLennan Companies

Market Cap: US$88.6b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

MediaTek

Market Cap: NT$2.8t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

AXA

Market Cap: €75.9b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Postal Savings Bank of China

Market Cap: HK$665.3b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

PNC Financial Services Group

Market Cap: US$83.1b

Operates as a diversified financial services company in the United States.

Bank of Communications

Market Cap: HK$646.7b

Provides commercial banking products and services in China and internationally.

U.S. Bancorp

Market Cap: US$81.4b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

Hygon Information Technology

Market Cap: CN¥561.2b

Engages in the research and development of computing chip products and systems in China.

CaixaBank

Market Cap: €69.2b

Provides various banking products and services for individuals and businesses in Spain, Portugal, and internationally.

ANZ Group Holdings

Market Cap: AU$113.3b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.

Abu Dhabi National Energy Company PJSC

Market Cap: د.إ287.8b

Operates as an integrated utility company in the United Arab Emirates, North America, Europe, Africa, and internationally.

Semiconductor Manufacturing International

Market Cap: HK$612.4b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

Marvell Technology

Market Cap: US$78.0b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €66.8b

Engages in the insurance and reinsurance businesses worldwide.

China Telecom

Market Cap: HK$596.4b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

ING Groep

Market Cap: €65.4b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Lloyds Banking Group

Market Cap: UK£56.1b

Provides a range of banking and financial products and services for retail and commercial customers in the United Kingdom.

Mondelez International

Market Cap: US$74.9b

Through its subsidiaries, manufactures, markets, and sells snack food and beverage products in Latin America, North America, Asia, the Middle East, Africa, and Europe.

Barclays

Market Cap: UK£55.7b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Engie

Market Cap: €64.1b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.