Mexican Software Defensive Blue Chips

GE HealthCare Technologies

Market Cap: US$31.6b

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.

Bank Leumi le-Israel B.M

Market Cap: ₪100.1b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Japan Post Holdings

Market Cap: JP¥5.0t

Provides postal, banking, and insurance services in Japan.

Intact Financial

Market Cap: CA$43.7b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

Talanx

Market Cap: €27.1b

Provides insurance and reinsurance products and services worldwide.

Ørsted

Market Cap: DKK 202.1b

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

Seven & i Holdings

Market Cap: JP¥4.9t

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

Ping An Bank

Market Cap: CN¥213.3b

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

Huntington Bancshares

Market Cap: US$30.7b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Adani Power

Market Cap: ₹2.9t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Atmos Energy

Market Cap: US$30.3b

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

Power Corporation of Canada

Market Cap: CA$42.0b

An international management and holding company, provides financial services in North America, Europe, and Asia.

AST SpaceMobile

Market Cap: US$30.1b

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

Amrize

Market Cap: CHF 24.0b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥206.5b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp506.0t

Provides various banking products and services in Indonesia and internationally.

M&T Bank

Market Cap: US$29.8b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Swiss Life Holding

Market Cap: CHF 23.8b

Provides life, pensions, and financial solutions for private and corporate clients.

Hang Seng Bank

Market Cap: US$29.6b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

CEZ a. s

Market Cap: Kč627.5b

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

Bank Hapoalim B.M

Market Cap: ₪92.8b

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

Grupo Financiero Banorte. de

Market Cap: Mex$527.3b

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

Power Grid Corporation of India

Market Cap: ₹2.8t

An electric power transmission utility, engages in the power transmission business in India and internationally.

Bank of Ningbo

Market Cap: CN¥198.9b

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

Fresenius SE KGaA

Market Cap: €25.1b

A health care company, provides products and services for chronically ill patients in North America, Europe, the Asia-Pacific, Latin America, and Africa.

Bank of Jiangsu

Market Cap: CN¥198.4b

Provides various banking products and services in China.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥197.7b

Advanced Micro-Fabrication Equipment Inc.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł106.9b

Provides various banking products and services in Poland and internationally.

STMicroelectronics

Market Cap: €24.8b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Shinhan Financial Group

Market Cap: ₩43.0t

Provides financial products and services in South Korea, Vietnam, and Japan.

Standard Bank Group

Market Cap: R484.5b

Provides financial products and services in South Africa and internationally.

Veeva Systems

Market Cap: US$28.2b

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

Sampo Oyj

Market Cap: €24.4b

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.

Federal National Mortgage Association

Market Cap: US$27.9b

Provides financing solutions for residential mortgages in the United States.

Naturgy Energy Group

Market Cap: €24.2b

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

China Unicom (Hong Kong)

Market Cap: HK$215.7b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.