Italian Software Defensive Blue Chips

Coloplast

Market Cap: DKK 127.6b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Telefônica Brasil

Market Cap: R$106.3b

Operates as a mobile telecommunications company in Brazil.

Quest Diagnostics

Market Cap: US$19.8b

Provides diagnostic testing and services in the United States and internationally.

Fortum Oyj

Market Cap: €16.9b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

CK Infrastructure Holdings

Market Cap: HK$153.2b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Samsung Life Insurance

Market Cap: ₩28.6t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

MTN Group

Market Cap: R321.8b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Telenor

Market Cap: NOK 196.8b

Operates as a telecommunication company worldwide.

Coca-Cola HBC

Market Cap: UK£14.3b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Banco de Sabadell

Market Cap: €16.5b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

Bank of Nanjing

Market Cap: CN¥133.9b

Provides various financial products and services in China.

Mega Financial Holding

Market Cap: NT$603.0b

Provides various financial services in Taiwan.

Bunge Global

Market Cap: US$18.9b

Operates as an agribusiness and food company worldwide.

Coles Group

Market Cap: AU$28.1b

Operates as a retailer in Australia.

Hon. Precision

Market Cap: NT$592.9b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Qnity Electronics

Market Cap: US$18.7b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

Bank of Ireland Group

Market Cap: €16.0b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ68.3b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

IHH Healthcare Berhad

Market Cap: RM 75.4b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Mora Telematika Indonesia

Market Cap: Rp307.4t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

Zimmer Biomet Holdings

Market Cap: US$18.4b

Operates as a medical technology company worldwide.

Varun Beverages

Market Cap: ₹1.7t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Arca Continental. de

Market Cap: Mex$329.2b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Grupo Cibest

Market Cap: Col$67.4t

Provides various banking products and services in Colombia and internationally.

McCormick

Market Cap: US$18.0b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

JDE Peet's

Market Cap: €15.4b

Operates as a coffee and tea company worldwide.

Airtel Africa

Market Cap: UK£13.3b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

CEMEX. de

Market Cap: Mex$319.2b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Tenet Healthcare

Market Cap: US$17.7b

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

Associated British Foods

Market Cap: UK£13.2b

Engages in the food, ingredients, and retail businesses worldwide.

Saudi Awwal Bank

Market Cap: ر.س65.8b

Provides banking and financial services in the Kingdom of Saudi Arabia.

Kansai Electric Power Company

Market Cap: JP¥2.8t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Hana Financial Group

Market Cap: ₩25.3t

Through its subsidiaries, provides financial services in South Korea.

Lasertec

Market Cap: JP¥2.7t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

Bank of Baroda

Market Cap: ₹1.6t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.