Danish Software Defensive Blue Chips

Heidelberg Materials

Market Cap: €33.5b

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

Hannover Rück

Market Cap: €32.9b

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

Hartford Insurance Group

Market Cap: US$38.6b

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

Fubon Financial Holding

Market Cap: NT$1.2t

Provides various financial products and services in Taiwan, Asia, and internationally.

Microchip Technology

Market Cap: US$38.5b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Skandinaviska Enskilda Banken

Market Cap: SEK 355.5b

Provides corporate, retail, investment, and private banking services.

Vulcan Materials

Market Cap: US$38.2b

Produces and supplies construction aggregates in the United States.

Alcon

Market Cap: CHF 30.0b

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

MS&AD Insurance Group Holdings

Market Cap: JP¥6.0t

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

Martin Marietta Materials

Market Cap: US$37.7b

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

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ138.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Prudential

Market Cap: UK£27.9b

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

Huadian New Energy Group

Market Cap: CN¥251.1b

Engages in the power generation business in China.

KB Financial Group

Market Cap: ₩54.5t

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.

Fomento Económico Mexicano. de

Market Cap: Mex$636.3b

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

UltraTech Cement

Market Cap: ₹3.4t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

Vodafone Group

Market Cap: UK£27.2b

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

Bank Leumi le-Israel B.M

Market Cap: ₪111.1b

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

Sun Life Financial

Market Cap: CA$50.6b

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.

Adani Power

Market Cap: ₹3.4t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

AST SpaceMobile

Market Cap: US$36.0b

Designs and develops the constellation of BlueBird satellites in the United States.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥245.0b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Sysco

Market Cap: US$35.9b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Muyuan Foods

Market Cap: CN¥242.8b

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

STMicroelectronics

Market Cap: €30.1b

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

Arch Capital Group

Market Cap: US$35.1b

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

Foshan Haitian Flavouring and Food

Market Cap: CN¥239.1b

Foshan Haitian Flavouring and Food Company Ltd.

ACWA Power

Market Cap: ر.س130.1b

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.

Talanx

Market Cap: €29.5b

Provides insurance and reinsurance products and services worldwide.

Bank Hapoalim B.M

Market Cap: ₪105.1b

Provides various banking and financial services in Israel, North America, Europe, and internationally.

OTP Bank Nyrt

Market Cap: Ft11.0t

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

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł124.1b

Provides various banking products and services in Poland and internationally.

Ørsted

Market Cap: DKK 217.4b

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

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$4.4b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

QNB Bank

Market Cap: ₺1.5t

Provides various banking and financial services in Turkey.

Malayan Banking Berhad

Market Cap: RM 135.0b

Provides commercial banking and related financial products and services.