Finnish Software Defensive Blue Chips

Bank Leumi le-Israel B.M

Market Cap: ₪100.8b

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

Fresenius SE KGaA

Market Cap: €27.0b

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

Fomento Económico Mexicano. de

Market Cap: Mex$569.1b

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

Swiss Life Holding

Market Cap: CHF 24.8b

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

Power Corporation of Canada

Market Cap: CA$43.2b

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

Willis Towers Watson

Market Cap: US$30.8b

Operates as an advisory, broking, and solutions company worldwide.

Sampo Oyj

Market Cap: €26.5b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Cathay Financial Holding

Market Cap: NT$950.6b

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

Vodafone Group

Market Cap: UK£23.0b

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

ASM International

Market Cap: €26.1b

Engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia.

Microchip Technology

Market Cap: US$29.9b

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

Avenue Supermarts

Market Cap: ₹2.6t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Banca Monte dei Paschi di Siena

Market Cap: €25.6b

Provides retail and commercial banking services in Italy.

Naturgy Energy Group

Market Cap: €25.4b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Credo Technology Group Holding

Market Cap: US$29.4b

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.

Astera Labs

Market Cap: US$29.3b

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

Luzhou LaojiaoLtd

Market Cap: CN¥208.5b

Produces and sells alcoholic products in China and internationally.

First Solar

Market Cap: US$29.3b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

W. R. Berkley

Market Cap: US$29.0b

An insurance holding company, operates as a commercial line writer worldwide.

Advanced Info Service

Market Cap: ฿939.9b

Operates as a telecommunications and technology company primarily in Thailand.

Kellanova

Market Cap: US$29.0b

Manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

Malayan Banking Berhad

Market Cap: RM 119.7b

Provides commercial banking and related financial products and services.

M&T Bank

Market Cap: US$28.9b

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.

National Bank of KuwaitK.P

Market Cap: د.ك8.9b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Kraft Heinz

Market Cap: US$28.9b

Manufactures and markets food and beverage products in North America and internationally.

Teradyne

Market Cap: US$28.8b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Humana

Market Cap: US$28.7b

Provides medical and specialty insurance products in the United States.

Bank of Jiangsu

Market Cap: CN¥203.7b

Provides various banking products and services in China.

SSE

Market Cap: UK£21.7b

Engages in the generation, transmission, distribution, and supply of electricity.

Atmos Energy

Market Cap: US$28.5b

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

Fifth Third Bancorp

Market Cap: US$28.5b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.

China Everbright Bank

Market Cap: CN¥201.9b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Power Grid Corporation of India

Market Cap: ₹2.5t

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

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ101.6b

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

Nestlé India

Market Cap: ₹2.4t

Engages in the manufacture and sale of food products in India and internationally.

Bank Hapoalim B.M

Market Cap: ₪88.1b

Provides various banking and financial services in Israel and internationally.