Mexican Software Defensive Blue Chips

Coloplast

Market Cap: DKK 123.1b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Quest Diagnostics

Market Cap: US$19.3b

Provides diagnostic testing and services in the United States and internationally.

Telefônica Brasil

Market Cap: R$106.1b

Operates as a mobile telecommunications company in Brazil.

Fortum Oyj

Market Cap: €16.3b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Coles Group

Market Cap: AU$28.7b

Operates as a retailer in Australia.

Montage Technology

Market Cap: CN¥133.7b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and data center markets in the People’s Republic of China.

IHH Healthcare Berhad

Market Cap: RM 77.3b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Nanya Technology

Market Cap: NT$598.0b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Mizrahi Tefahot Bank

Market Cap: ₪60.6b

Provides a range of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and internationally.

Hua Hong Semiconductor

Market Cap: HK$147.6b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

Mega Financial Holding

Market Cap: NT$593.3b

Provides various financial services in Taiwan.

Coca-Cola HBC

Market Cap: UK£14.0b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

MTN Group

Market Cap: R310.3b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Straumann Holding

Market Cap: CHF 14.9b

Provides tooth replacement and orthodontic solutions worldwide.

CK Infrastructure Holdings

Market Cap: HK$145.1b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Varun Beverages

Market Cap: ₹1.7t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Bank of Ireland Group

Market Cap: €15.7b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Arca Continental. de

Market Cap: Mex$330.0b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

McCormick

Market Cap: US$18.3b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫480.5t

Provides banking products and services in Vietnam.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ67.0b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

JDE Peet's

Market Cap: €15.4b

Operates as a coffee and tea company worldwide.

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

Koninklijke KPN

Market Cap: €15.2b

Provides telecommunications and information technology (IT) services in the Netherlands.

Saudi Awwal Bank

Market Cap: ر.س66.9b

Provides banking and financial services in the Kingdom of Saudi Arabia.

Zimmer Biomet Holdings

Market Cap: US$17.8b

Operates as a medical technology company worldwide.

Hana Financial Group

Market Cap: ₩25.6t

Through its subsidiaries, provides financial services in South Korea.

Tenet Healthcare

Market Cap: US$17.5b

Operates as a diversified healthcare services company in the United States.

Airtel Africa

Market Cap: UK£13.0b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Kansai Electric Power Company

Market Cap: JP¥2.7t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

E.SUN Financial Holding Company

Market Cap: NT$545.9b

Offers various financial banking products and services in Taiwan.

Unipol Assicurazioni

Market Cap: €14.8b

Provides insurance products and services primarily in Italy.

Bank of Baroda

Market Cap: ₹1.6t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Bunge Global

Market Cap: US$17.2b

Operates as an agribusiness and food company worldwide.

Talen Energy

Market Cap: US$17.1b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Qnity Electronics

Market Cap: US$17.1b

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.