Icelandic Software Defensive Blue Chips

Vistra

Market Cap: US$52.5b

Operates as an integrated retail electricity and power generation company in the United States.

Barito Renewables Energy

Market Cap: Rp829.5t

Engages in the generation and sale of power through geothermal and wind resources in Indonesia.

Engie

Market Cap: €44.4b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Nordea Bank Abp

Market Cap: €44.1b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Shanghai Pudong Development Bank

Market Cap: CN¥355.2b

Shanghai Pudong Development Bank Co., Ltd.

Infineon Technologies

Market Cap: €44.0b

Engages in the design, development, manufacture, and marketing of semiconductors and semiconductor-based solutions worldwide.

Heineken

Market Cap: €43.9b

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

Becton Dickinson

Market Cap: US$49.0b

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.

Kotak Mahindra Bank

Market Cap: ₹4.2t

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

Singapore Telecommunications

Market Cap: S$62.7b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, China, and internationally.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ175.2b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

American International Group

Market Cap: US$47.2b

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

Alimentation Couche-Tard

Market Cap: CA$64.8b

Operates and licenses convenience stores in North America, Europe, and Asia.

People's Insurance Company (Group) of China

Market Cap: HK$361.1b

An investment holding company, provides insurance products and services in the People’s Republic of China and Hong Kong.

United Overseas Bank

Market Cap: S$59.3b

Provides banking products and services worldwide.

Loblaw Companies

Market Cap: CA$63.7b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

Edwards Lifesciences

Market Cap: US$45.0b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

BOC Hong Kong (Holdings)

Market Cap: HK$350.0b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

Hygon Information Technology

Market Cap: CN¥321.3b

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

E.ON

Market Cap: €39.8b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Kroger

Market Cap: US$43.8b

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

Axis Bank

Market Cap: ₹3.7t

Engages in the provision of various banking and financial products and services.

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

Market Cap: ر.ق158.9b

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

Alcon

Market Cap: CHF 36.2b

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

Target

Market Cap: US$43.3b

Operates as a general merchandise retailer in the United States.

PICC Property and Casualty

Market Cap: HK$334.1b

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

HOYA

Market Cap: JP¥6.1t

A med-tech company, provides high-tech and medical products worldwide.

Société Générale Société anonyme

Market Cap: €37.5b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

Kuwait Finance House K.S.C.P

Market Cap: د.ك12.7b

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

IDEXX Laboratories

Market Cap: US$41.2b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

UltraTech Cement

Market Cap: ₹3.5t

Primarily engages in the manufacture and sale of clinker, cement, and related products in India.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ149.9b

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

China Pacific Insurance (Group)

Market Cap: CN¥290.5b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Coca-Cola Europacific Partners

Market Cap: €35.6b

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

Seven & i Holdings

Market Cap: JP¥5.8t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.