Global Software Defensive Blue Chips

Commerzbank

Market Cap: €34.2b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Moore Threads Technology

Market Cap: CN¥269.4b

Engages in the development of GPU chips and related products.

Alcon

Market Cap: CHF 30.5b

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

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ143.5b

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

Huadian New Energy Group

Market Cap: CN¥265.7b

Engages in the power generation business in China.

Fubon Financial Holding

Market Cap: NT$1.2t

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

MS&AD Insurance Group Holdings

Market Cap: JP¥6.0t

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

Hartford Insurance Group

Market Cap: US$37.9b

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

Prudential

Market Cap: UK£27.6b

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

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.

Martin Marietta Materials

Market Cap: US$36.6b

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

Malayan Banking Berhad

Market Cap: RM 142.6b

Provides commercial banking and related financial products and services.

Bank Leumi le-Israel B.M

Market Cap: ₪113.3b

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

ResMed

Market Cap: US$35.8b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Fairfax Financial Holdings

Market Cap: CA$48.6b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Vulcan Materials

Market Cap: US$35.5b

Produces and supplies construction aggregates in the United States.

Microchip Technology

Market Cap: US$35.4b

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

KB Financial Group

Market Cap: ₩52.1t

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.

Sun Life Financial

Market Cap: CA$47.8b

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.

Fomento Económico Mexicano. de

Market Cap: Mex$621.2b

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

Heidelberg Materials

Market Cap: €30.2b

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

Federal National Mortgage Association

Market Cap: US$34.6b

Provides financing solutions for residential mortgages in the United States.

Aeon

Market Cap: JP¥5.5t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Hannover Rück

Market Cap: €29.8b

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

ACWA Power

Market Cap: ر.س129.4b

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.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$4.4b

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

Arch Capital Group

Market Cap: US$34.1b

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

QNB Bank

Market Cap: ₺1.5t

Provides various banking and financial services in Turkey.

Bank Hapoalim B.M

Market Cap: ₪105.4b

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

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

AST SpaceMobile

Market Cap: US$33.4b

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

Dai-ichi Life Holdings

Market Cap: JP¥5.3t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Archer-Daniels-Midland

Market Cap: US$33.4b

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

Vodafone Group

Market Cap: UK£24.9b

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

Sompo Holdings

Market Cap: JP¥5.3t

Provides property and casualty insurance services in Japan and internationally.

Intact Financial

Market Cap: CA$45.1b

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