Moroccan Software Defensive Blue Chips

National Australia Bank

Market Cap: AU$121.3b

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

Comcast

Market Cap: US$83.4b

Operates as a media and technology company worldwide.

Bank of Communications

Market Cap: HK$645.8b

Provides commercial banking products and services in China and internationally.

National Grid

Market Cap: UK£61.0b

Engages in the transmission and distribution of electricity and gas.

Abu Dhabi National Energy Company PJSC

Market Cap: د.إ299.1b

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

América Móvil. de

Market Cap: Mex$1.4t

Provides telecommunications services in Latin America and internationally.

Cigna Group

Market Cap: US$77.2b

Provides insurance and related products and services in the United States.

Aon

Market Cap: US$75.9b

Operates as a professional services firm in the United States, rest of the Americas, the United Kingdom, Ireland, rest of Europe, the Middle East, Africa, and the Asia Pacific.

ANZ Group Holdings

Market Cap: AU$108.6b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.

Engie

Market Cap: €65.9b

Engages in renewables and decentralized and low-carbon energy networks in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

NXP Semiconductors

Market Cap: US$73.4b

Provides semiconductor products in the United States, Germany, Japan, South Korea, Taiwan, Singapore, the Netherlands, Mainland China, Hong Kong, and internationally.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €63.5b

Engages in the insurance and reinsurance businesses worldwide.

China Telecom

Market Cap: HK$567.6b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

Assicurazioni Generali

Market Cap: €63.1b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

JAPAN POST BANK

Market Cap: JP¥11.6t

Provides financial products and services in Japan and internationally.

Travelers Companies

Market Cap: US$71.8b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States, Canada, and internationally.

Astera Labs

Market Cap: US$71.6b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure in Taiwan and the United States.

NatWest Group

Market Cap: UK£52.8b

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

CRH

Market Cap: US$69.7b

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

Manulife Financial

Market Cap: CA$98.0b

Provides financial products and services in the United States, Canada, Asia, and internationally.

Monolithic Power Systems

Market Cap: US$67.5b

Provides semiconductor-based power electronics solutions in China, Taiwan, South Korea, Southeast Asia, Europe, the United States, Japan, and internationally.

Japan Tobacco

Market Cap: JP¥10.9t

A tobacco company, engages in the manufacture and sale of tobacco products in Japan and internationally.

Boston Scientific

Market Cap: US$66.9b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

Nu Holdings

Market Cap: US$66.5b

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

KDDI

Market Cap: JP¥10.6t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Arthur J. Gallagher

Market Cap: US$65.2b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Nordea Bank Abp

Market Cap: €57.1b

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

Allstate

Market Cap: US$64.0b

Provides property and casualty, and other insurance products in the United States and Canada.

Truist Financial

Market Cap: US$64.0b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

STMicroelectronics

Market Cap: €55.7b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

GigaDevice Semiconductor

Market Cap: CN¥430.2b

Engages in the research, development, technical support, and sale of memory, microcontrollers, sensors, and analog chips.

SoftBank

Market Cap: JP¥10.1t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

Aflac

Market Cap: US$62.1b

Through its subsidiaries, provides supplemental health and life insurance products.

Standard Chartered

Market Cap: UK£46.2b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Sempra

Market Cap: US$61.9b

Engages in the regulated utilities business in the United States and Mexico.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥416.2b

Advanced Micro-Fabrication Equipment Inc.