Indonesian Software Defensive Blue Chips

HCA Healthcare

Market Cap: US$107.5b

Through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States.

Comcast

Market Cap: US$106.8b

Operates as a media and technology company worldwide.

CVS Health

Market Cap: US$105.4b

Provides health solutions in the United States.

Mizuho Financial Group

Market Cap: JP¥16.1t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

ICICI Bank

Market Cap: ₹9.6t

Engages in the provision of various banking and financial services to retail and corporate customers in India and internationally.

Constellation Energy

Market Cap: US$104.7b

Produces and sells energy products and services in the United States.

Altria Group

Market Cap: US$103.9b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

State Bank of India

Market Cap: ₹9.5t

Provides banking products and services in India and internationally.

McKesson

Market Cap: US$101.2b

Provides healthcare services in the United States and internationally.

Zurich Insurance Group

Market Cap: CHF 77.0b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Bank of Montreal

Market Cap: CA$134.4b

Engages in the provision of diversified financial services primarily in North America.

NFiniTi

Market Cap: US$95.5b

Operates as an alcoholic beverage company that specializes in producing ready-to-drink cocktails across the Western Hemisphere.

Semiconductor Manufacturing International

Market Cap: HK$726.4b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

Bank of Nova Scotia

Market Cap: CA$126.9b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

Westpac Banking

Market Cap: AU$132.3b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

Hygon Information Technology

Market Cap: CN¥633.4b

Engages in the research and development of computing chip products and systems in China.

Barclays

Market Cap: UK£66.0b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

AXA

Market Cap: €76.0b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

Marsh & McLennan Companies

Market Cap: US$89.7b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

MediaTek

Market Cap: NT$2.8t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

National Australia Bank

Market Cap: AU$129.6b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

CaixaBank

Market Cap: €75.2b

Provides various banking products and services for individuals and businesses in Spain, Portugal, and internationally.

Abu Dhabi National Energy Company PJSC

Market Cap: د.إ326.1b

Operates as an integrated utility company in the United Arab Emirates, North America, Europe, Africa, and internationally.

Nu Holdings

Market Cap: US$87.4b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

U.S. Bancorp

Market Cap: US$86.2b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

Postal Savings Bank of China

Market Cap: HK$670.0b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

Canadian Imperial Bank of Commerce

Market Cap: CA$117.6b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

PNC Financial Services Group

Market Cap: US$85.7b

Operates as a diversified financial services company in the United States.

ING Groep

Market Cap: €70.7b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Lloyds Banking Group

Market Cap: UK£60.5b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

Elevance Health

Market Cap: US$82.5b

Operates as a health benefits company in the United States.

CRH

Market Cap: US$82.3b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

National Grid

Market Cap: UK£59.8b

Engages in the transmission and distribution of electricity and gas.

Bank of Communications

Market Cap: HK$626.1b

Provides commercial banking products and services in China and internationally.

Monster Beverage

Market Cap: US$80.1b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

Cambricon Technologies

Market Cap: CN¥548.2b

Research, develops, design, and sells core chips in cloud server, edge computing, and terminal equipment in China.