Mauritian Software Defensive Blue Chips

ResMed

Market Cap: US$31.7b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

CEZ a. s

Market Cap: Kč671.5b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe.

Standard Bank Group

Market Cap: R514.9b

Provides financial products and services in South Africa and internationally.

Veeva Systems

Market Cap: US$31.2b

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

Bank Hapoalim B.M

Market Cap: ₪93.4b

Provides various banking and financial services in Israel, North America, Europe, and internationally.

Credicorp

Market Cap: US$30.7b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Veolia Environnement

Market Cap: €26.9b

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

Bank of Jiangsu

Market Cap: CN¥208.7b

Provides various banking products and services in China.

ACM Research (Shanghai)

Market Cap: CN¥208.6b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Muyuan Foods Group

Market Cap: CN¥208.6b

Operates as a pork company in the hog farming industry in China.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$3.9b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Citizens Financial Group

Market Cap: US$30.4b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Vodafone Group

Market Cap: UK£22.6b

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

Kraft Heinz

Market Cap: US$30.0b

Manufactures and markets food and beverage products in North America and internationally.

Ping An Bank

Market Cap: CN¥203.6b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Bank of Ningbo

Market Cap: CN¥203.1b

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

Casey's General Stores

Market Cap: US$29.7b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Ørsted

Market Cap: DKK 194.1b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Atmos Energy

Market Cap: US$29.6b

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

Grupo Financiero Banorte. de

Market Cap: Mex$519.0b

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

Nestlé India

Market Cap: ₹2.8t

Engages in the manufacture and sale of food products in India and internationally.

GE HealthCare Technologies

Market Cap: US$29.5b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Qnity Electronics

Market Cap: US$29.4b

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.

Naturgy Energy Group

Market Cap: €25.8b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Svenska Handelsbanken

Market Cap: SEK 284.2b

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

Cincinnati Financial

Market Cap: US$29.2b

Provides property casualty insurance products in the United States.

AXIA Energia

Market Cap: R$149.9b

Through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil.

BIWIN Storage Technology

Market Cap: CN¥197.2b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Seven & i Holdings

Market Cap: JP¥4.7t

Operates convenience stores in Japan, North America, and internationally.

AST SpaceMobile

Market Cap: US$28.8b

Designs and develops the constellation of BlueBird satellites in the United States.

Shenzhen Techwinsemi Technology

Market Cap: CN¥195.2b

Develops, manufactures, and sells storage control chips and modules in China and internationally.

Sampo Oyj

Market Cap: €24.9b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

TS Financial Holding

Market Cap: NT$916.3b

Provides various financial products and services.

DexCom

Market Cap: US$28.4b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Huadian New Energy Group

Market Cap: CN¥192.7b

Engages in the power generation business in China.

Foshan Haitian Flavouring and Food

Market Cap: CN¥192.4b

Foshan Haitian Flavouring and Food Company Ltd.