Mexican Software Defensive Blue Chips

PepsiCo

Market Cap: US$203.8b

Engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide.

T-Mobile US

Market Cap: US$200.4b

Provides wireless communications services in the United States, Puerto Rico, and the United States Virgin Islands.

Verizon Communications

Market Cap: US$193.6b

Through its subsidiaries, engages in the provision of communications, technology, information, and streaming products and services to consumers, businesses, and governmental entities worldwide.

Commonwealth Bank of Australia

Market Cap: AU$268.8b

Provides retail and commercial banking services in Australia, New Zealand, and internationally.

Toronto-Dominion Bank

Market Cap: CA$247.5b

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

Kioxia Holdings

Market Cap: JP¥28.1t

Manufactures and sells memory and solid-state drives (SSDs) in Japan and internationally.

MediaTek

Market Cap: NT$5.4t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

Banco Santander

Market Cap: €146.6b

Provides various financial products and services to individuals, small and medium-sized enterprises, large corporations, and public entities worldwide.

AT&T

Market Cap: US$167.0b

Provides telecommunications and technology services worldwide.

Allianz

Market Cap: €141.6b

Provides property-casualty insurance, life/health insurance, and asset management products and services worldwide.

Anheuser-Busch InBev

Market Cap: €135.6b

Produces and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

Deutsche Telekom

Market Cap: €133.3b

Provides integrated telecommunication services worldwide.

Marvell Technology

Market Cap: US$154.7b

Provides data infrastructure semiconductor solutions and spanning the data center core to network edge in the United States, Argentina, China, India, Israel, Japan, Singapore, South Korea, Taiwan, Vietnam, and internationally.

Intuitive Surgical

Market Cap: US$149.1b

Develops, manufactures, and markets products that enable physicians and healthcare providers to enhance the quality of and access to minimally invasive care in the United States and internationally.

Iberdrola

Market Cap: €128.1b

Engages in the generation, production, transmission, distribution, and supply of electricity in Spain, the United Kingdom, the United States, Mexico, Brazil, Germany, France, and Australia.

Abbott Laboratories

Market Cap: US$147.1b

Abbott Laboratories, together with its subsidiaries, discovers, develops, manufactures, and sells health care products worldwide.

Ping An Insurance (Group) Company of China

Market Cap: CN¥985.5b

Ping An Insurance (Group) Company of China, Ltd.

China Merchants Bank

Market Cap: CN¥958.8b

Provides various banking products and services.

Tokyo Electron

Market Cap: JP¥22.2t

Develops, manufactures, and sells semiconductor production equipment in Japan, South Korea, Taiwan, China, North America, Europe, and internationally.

Sumitomo Mitsui Financial Group

Market Cap: JP¥21.9t

Provides banking, leasing, securities, consumer finance, and other services in Japan, the Americas, Europe, the Middle East, Asia, and Oceania.

DBS Group Holdings

Market Cap: S$172.6b

Provides commercial banking and financial services in Singapore, Hong Kong, rest of Greater China, South and Southeast Asia, and internationally.

China Life Insurance

Market Cap: HK$1.1t

Operates as a life insurance company in the People’s Republic of China.

Chubb

Market Cap: US$125.7b

Provides insurance and reinsurance products worldwide.

UniCredit

Market Cap: €106.8b

Provides commercial banking services in Italy, Germany, Central Europe, and Eastern Europe.

Banco Bilbao Vizcaya Argentaria

Market Cap: €105.6b

Provides various financial services in Spain, Mexico, Turkey, South America, Europe, the United States, and Asia.

HDFC Bank

Market Cap: ₹11.8t

Provides banking and financial products and services to individuals and businesses in India, Bahrain, Hong Kong, Singapore, and Dubai.

Bharti Airtel

Market Cap: ₹11.8t

Operates as a telecommunications company in India and internationally.

CVS Health

Market Cap: US$122.3b

Provides health solutions in the United States.

Altria Group

Market Cap: US$122.1b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

Advantest

Market Cap: JP¥19.0t

Manufactures and sells semiconductors, component test systems, and mechatronics-related products in Japan, rest of Asia, the Americas, and Europe.

Stryker

Market Cap: US$117.6b

Operates as a medical technology company in the United States and internationally.

Progressive

Market Cap: US$116.7b

Operates as an insurance company in the United States.

Intesa Sanpaolo

Market Cap: €100.1b

Engages in the provision of various financial products and services in Italy, Central/Eastern Europe, the Middle East, and North Africa.

AIA Group

Market Cap: HK$895.8b

Provides life insurance based financial services in Hong Kong.

BNP Paribas

Market Cap: €98.1b

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

Cambricon Technologies

Market Cap: CN¥764.6b

Engages in the research, development, design, and sale of core AI chips for terminal devices in China.