Italian Software Defensive Blue Chips

SSE

Market Cap: UK£20.0b

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

W. R. Berkley

Market Cap: US$26.8b

An insurance holding company, operates as a commercial line writer worldwide.

Bank Mandiri (Persero)

Market Cap: Rp436.8t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Bank of Ningbo

Market Cap: CN¥191.1b

Provides various personal and business banking products and services in the People's Republic of China.

Aviva

Market Cap: UK£19.8b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

Ajinomoto

Market Cap: JP¥3.9t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Power Corporation of Canada

Market Cap: CA$36.3b

An international management and holding company, provides financial services in North America, Europe, and Asia.

VERBUND

Market Cap: €22.7b

Generates, trades in, and sells electricity to energy exchange markets, traders, electric utilities and industrial companies, and household and commercial customers in Austria and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥189.0b

Produces and sells alcoholic products in China and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €22.6b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

China National Nuclear Power

Market Cap: CN¥188.6b

Invests in, develops, constructs, operates, and manages nuclear power projects in the People's Republic of China.

Bank Leumi le-Israel B.M

Market Cap: ₪89.0b

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

Amrize

Market Cap: CHF 20.9b

Focuses on building materials business in North America.

China Tower

Market Cap: HK$202.6b

Provides telecommunication tower infrastructure services in the People's Republic of China.

New China Life Insurance

Market Cap: CN¥184.5b

Provides life insurance products and services to individuals and institutions in China.

Veolia Environnement

Market Cap: €22.0b

Designs and provides water, waste, and energy management solutions.

Adani Power

Market Cap: ₹2.2t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Svenska Handelsbanken

Market Cap: SEK 243.5b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Terumo

Market Cap: JP¥3.7t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Woolworths Group

Market Cap: AU$38.9b

Operates retail stores in Australia and New Zealand.

Koninklijke Philips

Market Cap: €21.6b

Operates as a health technology company in North America, the Greater China, and internationally.

Atmos Energy

Market Cap: US$25.2b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Grupo Financiero Banorte. de

Market Cap: Mex$465.9b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Dollar General

Market Cap: US$24.9b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

George Weston

Market Cap: CA$34.3b

Provides food and drug retailing, and financial services in Canada.

Markel Group

Market Cap: US$24.7b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

CGN Power

Market Cap: HK$193.0b

Generates and sells nuclear power in the People’s Republic of China.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س92.1b

Provides private health and ancillary services.

ABN AMRO Bank

Market Cap: €21.0b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Dollar Tree

Market Cap: US$24.3b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Shinhan Financial Group

Market Cap: ₩33.6t

Provides financial products and services in South Korea and internationally.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥173.8b

Inner Mongolia Yili Industrial Group Co., Ltd.

Cincinnati Financial

Market Cap: US$24.1b

Provides property casualty insurance products in the United States.

OTP Bank Nyrt

Market Cap: Ft8.2t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

First Citizens BancShares

Market Cap: US$23.9b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

ASM International

Market Cap: €20.4b

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.