German Software Defensive Blue Chips

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Cathay Financial Holding

Market Cap: NT$1.0t

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

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 25.5b

Engages in the manufacture and sale of chocolate products worldwide.

Intact Financial

Market Cap: CA$44.5b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Huntington Bancshares

Market Cap: US$32.7b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Amrize

Market Cap: CHF 25.5b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Archer-Daniels-Midland

Market Cap: US$32.7b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Veeva Systems

Market Cap: US$32.1b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Dollar General

Market Cap: US$32.0b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥218.1b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp536.1t

Provides various banking products and services in Indonesia and internationally.

Fresenius SE KGaA

Market Cap: €27.2b

A health care company, provides products and services for chronically ill patients.

Foshan Haitian Flavouring and Food

Market Cap: CN¥215.7b

Foshan Haitian Flavouring and Food Company Ltd.

M&T Bank

Market Cap: US$31.1b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Talanx

Market Cap: €26.6b

Provides insurance and reinsurance products and services worldwide.

Capitec Bank Holdings

Market Cap: R502.7b

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

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥211.7b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Grupo Financiero Banorte. de

Market Cap: Mex$540.0b

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

Svenska Handelsbanken

Market Cap: SEK 281.8b

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

Atmos Energy

Market Cap: US$30.6b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Swiss Life Holding

Market Cap: CHF 23.8b

Provides life, pensions, and financial solutions for private and corporate clients.

Power Corporation of Canada

Market Cap: CA$41.5b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Ørsted

Market Cap: DKK 196.7b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Ping An Bank

Market Cap: CN¥209.8b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Bank of Ningbo

Market Cap: CN¥208.4b

Provides various personal and business banking products and services in the People's Republic of China.

Power Grid Corporation of India

Market Cap: ₹2.8t

An electric power transmission utility, engages in the power transmission business in India and internationally.

STMicroelectronics

Market Cap: €26.0b

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

China Unicom (Hong Kong)

Market Cap: HK$235.9b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Seven & i Holdings

Market Cap: JP¥4.8t

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

CEZ a. s

Market Cap: Kč631.3b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Western, Central, and Southeastern Europe.

OTP Bank Nyrt

Market Cap: Ft10.0t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł109.8b

Provides various banking products and services in Poland and internationally.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥204.2b

Advanced Micro-Fabrication Equipment Inc.

Standard Bank Group

Market Cap: R483.5b

Provides financial products and services in South Africa and internationally.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ108.8b

Provides banking products and services in the United Arab Emirates and internationally.