Mexican Software Defensive Blue Chips

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

Hippo Valley Estates

Market Cap: US$2.0b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Saudi Electricity

Market Cap: ر.س58.6b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Aier Eye Hospital Group

Market Cap: CN¥108.9b

Operates as a ophthalmology chain medical company in China, Hong Kong, Europe, the United States, and Southeast Asia.

Banco Comercial Português

Market Cap: €13.4b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Banco Santander-Chile

Market Cap: CL$13.7t

Provides commercial and retail banking products and services in Chile.

Canara Bank

Market Cap: ₹1.4t

Provides various banking products and services in India and internationally.

National Bank of Greece

Market Cap: €13.2b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Wilmar International

Market Cap: S$19.9b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Santander Bank Polska

Market Cap: zł55.5b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Asahi Group Holdings

Market Cap: JP¥2.4t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

SDIC Power Holdings

Market Cap: CN¥106.4b

Engages in the electricity generation business in China.

Power Assets Holdings

Market Cap: HK$118.6b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Bank Polska Kasa Opieki

Market Cap: zł54.9b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Metro

Market Cap: CA$21.1b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Oklo

Market Cap: US$15.2b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$2.0b

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

Mapfre

Market Cap: €13.0b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Union Bank of India

Market Cap: ₹1.4t

Provides banking products and services in India.

Huaneng Power International

Market Cap: HK$117.9b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Grupo Financiero Inbursa. de

Market Cap: Mex$269.4b

Provides various financial products and services to individuals and businesses in Mexico.

Tryg

Market Cap: DKK 96.6b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

SCB X

Market Cap: ฿473.1b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Ambuja Cements

Market Cap: ₹1.4t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Hua Xia Bank

Market Cap: CN¥104.7b

Provides commercial banking services in China and Hong Kong.

Bankinter

Market Cap: €12.9b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

bioMérieux

Market Cap: €12.8b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

BE Semiconductor Industries

Market Cap: €12.7b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Pro Medicus

Market Cap: AU$22.2b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Xi'an ESWIN Material Technology

Market Cap: CN¥103.4b

Xi'an ESWIN Material Technology Co., Ltd.

MACOM Technology Solutions Holdings

Market Cap: US$14.8b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Jerónimo Martins SGPS

Market Cap: €12.7b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Erie Indemnity

Market Cap: US$14.7b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

ASR Nederland

Market Cap: €12.6b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Olympus

Market Cap: JP¥2.3t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Piotech

Market Cap: CN¥101.8b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.