Global Software Defensive Blue Chips

United Overseas Bank

Market Cap: S$59.6b

Provides banking products and services worldwide.

Ambev

Market Cap: R$241.0b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

Becton Dickinson

Market Cap: US$46.7b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ171.3b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

MetLife

Market Cap: US$46.0b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق167.5b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

Holcim

Market Cap: CHF 35.7b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

Kuwait Finance House K.S.C.P

Market Cap: د.ك14.0b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Heineken

Market Cap: €39.2b

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific.

Coca-Cola Europacific Partners

Market Cap: €39.0b

Produces, distributes, and sells a range of non-alcoholic ready to drink beverages.

Diageo

Market Cap: UK£33.2b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Hershey

Market Cap: US$44.4b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Kroger

Market Cap: US$44.4b

Operates as a food and drug retailer in the United States.

PICC Property and Casualty

Market Cap: HK$346.3b

Engages in property and casualty insurance business in People’s Republic of China.

RWE

Market Cap: €38.0b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

DNB Bank

Market Cap: NOK 423.2b

Provides financial services to individuals and businesses in Norway and internationally.

Rocket Companies

Market Cap: US$43.7b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Erste Group Bank

Market Cap: €37.6b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

SSE

Market Cap: UK£31.8b

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

Axis Bank

Market Cap: ₹3.9t

Provides various financial products and services in India and internationally.

Fifth Third Bancorp

Market Cap: US$42.2b

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

ITC

Market Cap: ₹3.9t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Koninklijke Ahold Delhaize

Market Cap: €36.3b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

American International Group

Market Cap: US$41.9b

Provides insurance products for commercial, institutional, and individual customers in North America and internationally.

Great-West Lifeco

Market Cap: CA$56.5b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Kotak Mahindra Bank

Market Cap: ₹3.8t

Provides a range of banking and financial services to corporate and individual customers in India.

Telstra Group

Market Cap: AU$57.6b

Provides telecommunications and information services in Australia and internationally.

Swedbank

Market Cap: SEK 379.5b

Provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Endesa

Market Cap: €35.5b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

ASM International

Market Cap: €35.3b

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.

Danske Bank

Market Cap: DKK 262.9b

Provides various banking products and services to corporate, institutional, and international clients.

Muyuan Foods

Market Cap: CN¥278.4b

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

Sysco

Market Cap: US$40.4b

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.

Consolidated Edison

Market Cap: US$40.2b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Tesco

Market Cap: UK£29.8b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Skandinaviska Enskilda Banken

Market Cap: SEK 367.6b

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