Mauritian Software Defensive Blue Chips

Swisscom

Market Cap: CHF 36.3b

Provides telecommunication services in Switzerland, Italy, and internationally.

Barito Renewables Energy

Market Cap: Rp775.9t

Generates and sells power through geothermal and wind resources in Indonesia.

MetLife

Market Cap: US$45.6b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

IDEXX Laboratories

Market Cap: US$45.4b

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

Kuwait Finance House K.S.C.P

Market Cap: د.ك13.8b

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

Huadian New Energy Group

Market Cap: CN¥309.5b

Engages in the power generation business in China.

Becton Dickinson

Market Cap: US$44.4b

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.

Kroger

Market Cap: US$44.1b

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

Ambev

Market Cap: R$229.6b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

Hershey

Market Cap: US$43.6b

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

PICC Property and Casualty

Market Cap: HK$340.8b

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

DNB Bank

Market Cap: NOK 421.6b

Provides financial services to individuals and businesses in Norway and internationally.

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

Market Cap: ر.ق155.8b

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

Heineken

Market Cap: €36.7b

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

Erste Group Bank

Market Cap: €36.6b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Endesa

Market Cap: €36.2b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Great-West Lifeco

Market Cap: CA$57.7b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Coca-Cola Europacific Partners

Market Cap: €36.1b

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

Fifth Third Bancorp

Market Cap: US$41.6b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.

SSE

Market Cap: UK£31.1b

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

Telstra Group

Market Cap: AU$59.7b

Provides telecommunications and information services in Australia and internationally.

Koninklijke Ahold Delhaize

Market Cap: €35.7b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Diageo

Market Cap: UK£30.6b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Commerzbank

Market Cap: €35.0b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Axis Bank

Market Cap: ₹3.8t

Provides various financial products and services in India and internationally.

Danske Bank

Market Cap: DKK 258.7b

Provides various banking products and services to corporate, institutional, and international clients.

Rocket Companies

Market Cap: US$40.0b

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

American International Group

Market Cap: US$39.9b

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

ASM International

Market Cap: €34.4b

Engages in the research, development, manufacturing, marketing, and servicing of equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia.

Consolidated Edison

Market Cap: US$39.7b

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

Sysco

Market Cap: US$39.4b

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.

ITC

Market Cap: ₹3.7t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Tesco

Market Cap: UK£29.4b

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

Kotak Mahindra Bank

Market Cap: ₹3.7t

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

MS&AD Insurance Group Holdings

Market Cap: JP¥6.2t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Fubon Financial Holding

Market Cap: NT$1.2t

Provides various financial products and services in Taiwan, Asia, and internationally.