Kuwaiti Software Defensive Blue Chips

Wuliangye YibinLtd

Market Cap: CN¥279.8b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

Rocket Companies

Market Cap: US$41.4b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Kotak Mahindra Bank

Market Cap: ₹4.0t

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

Swisscom

Market Cap: CHF 32.9b

Provides telecommunication services in Switzerland, Italy, and internationally.

Disco

Market Cap: JP¥6.5t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Adani Power

Market Cap: ₹3.9t

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.

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

Market Cap: ر.ق149.2b

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

China Pacific Insurance (Group)

Market Cap: CN¥274.5b

Provides insurance products to in the People’s Republic of China.

Veeva Systems

Market Cap: US$40.8b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Axis Bank

Market Cap: ₹3.9t

Provides various financial products and services in India and internationally.

KB Financial Group

Market Cap: ₩56.5t

Provides financial products and services in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Daiichi Life Group

Market Cap: JP¥6.4t

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

Renesas Electronics

Market Cap: JP¥6.3t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Consolidated Edison

Market Cap: US$39.9b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Japan Post Holdings

Market Cap: JP¥6.3t

Provides postal, banking, and insurance services in Japan.

American International Group

Market Cap: US$39.6b

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

Sysco

Market Cap: US$39.5b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

SSE

Market Cap: UK£28.7b

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

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł143.8b

Provides various banking products and services in Poland and internationally.

Archer-Daniels-Midland

Market Cap: US$38.9b

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

PG&E

Market Cap: US$38.9b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

OTP Bank Nyrt

Market Cap: Ft12.0t

Provides various commercial banking services.

Samsung Life Insurance

Market Cap: ₩53.3t

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

Moore Threads Technology

Market Cap: CN¥257.1b

Engages in the development of GPU chips and related products.

ABN AMRO Bank

Market Cap: €32.7b

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

Tesco

Market Cap: UK£27.9b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

ACWA Power

Market Cap: ر.س142.8b

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.

Hershey

Market Cap: US$37.9b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Bank Leumi le-Israel B.M

Market Cap: ₪112.5b

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

Vodafone Group

Market Cap: UK£27.5b

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

Hartford Insurance Group

Market Cap: US$37.3b

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

Sompo Holdings

Market Cap: JP¥5.9t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

Telstra Group

Market Cap: AU$52.2b

Provides telecommunications services in Australia and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$626.4b

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

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ135.0b

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

Hon. Precision

Market Cap: NT$1.2t

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