Finnish Software Defensive Blue Chips

Inner Mongolia Yili Industrial Group

Market Cap: CN¥166.9b

Inner Mongolia Yili Industrial Group Co., Ltd.

Banco de Crédito del Perú

Market Cap: S/80.6b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

First Citizens BancShares

Market Cap: US$24.0b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Sigma Healthcare

Market Cap: AU$33.8b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Hua Hong Semiconductor

Market Cap: HK$186.0b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

Telefónica

Market Cap: €20.2b

Provides telecommunications services in Europe and Latin America.

Qnity Electronics

Market Cap: US$23.8b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

Coca-Cola FEMSA. de

Market Cap: US$23.8b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Brown & Brown

Market Cap: US$23.7b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

Cellnex Telecom

Market Cap: €20.0b

Engages in the management of terrestrial telecommunications infrastructures in Austria, Denmark, Spain, France, Ireland, Italy, the Netherlands, Poland, Portugal, the United Kingdom, Sweden, and Switzerland.

Bunge Global

Market Cap: US$23.6b

Operates as an agribusiness and food company worldwide.

Federal Home Loan Mortgage

Market Cap: US$23.5b

Operates in the secondary mortgage market in the United States.

Heineken Holding

Market Cap: €19.9b

Engages in brewing and selling beer and cider in the Netherlands, Europe, the Americas, Africa & Middle East, Asia Pacific and internationally.

CIMB Group Holdings Berhad

Market Cap: RM 91.7b

Provides various banking products and services in Malaysia and internationally.

Terna

Market Cap: €19.9b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Coca-Cola HBC

Market Cap: UK£17.4b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

JD Health International

Market Cap: HK$182.4b

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

Labcorp Holdings

Market Cap: US$23.2b

Provides laboratory services.

Yihai Kerry Arawana Holdings

Market Cap: CN¥159.2b

Engages in the agriculture and food processing businesses in China.

SBI Life Insurance

Market Cap: ₹2.1t

Operates as a private life insurance company in India.

QBE Insurance Group

Market Cap: AU$32.3b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Humana

Market Cap: US$22.9b

Provides medical and specialty insurance products in the United States.

Banco BPM

Market Cap: €19.4b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س85.1b

Provides private health and support services in the Kingdom of Saudi Arabia.

Loews

Market Cap: US$22.6b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

MTN Group

Market Cap: R361.4b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Tyson Foods

Market Cap: US$22.5b

Operates as a food company worldwide.

AIB Group

Market Cap: €19.0b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Credo Technology Group Holding

Market Cap: US$22.4b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Quest Diagnostics

Market Cap: US$22.3b

Provides diagnostic testing and services in the United States and internationally.

Riyad Bank

Market Cap: ر.س83.1b

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

Astera Labs

Market Cap: US$22.1b

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

Banco de Chile

Market Cap: CL$19.1t

Operates as a commercial bank that provides banking services in Chile.

NN Group

Market Cap: €18.4b

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

China United Network Communications

Market Cap: CN¥150.1b

Provides telecommunication services in the People’s Republic of China.

US Foods Holding

Market Cap: US$21.3b

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.