Mexican Software Defensive Blue Chips

Fresenius SE KGaA

Market Cap: €27.6b

A health care company, provides products and services for chronically ill patients.

Sampo Oyj

Market Cap: €27.5b

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.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Fomento Económico Mexicano. de

Market Cap: Mex$576.9b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

Willis Towers Watson

Market Cap: US$31.9b

Operates as an advisory, broking, and solutions company worldwide.

Ping An Bank

Market Cap: CN¥221.4b

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

M&T Bank

Market Cap: US$31.5b

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.

Fifth Third Bancorp

Market Cap: US$31.4b

Operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States.

Vodafone Group

Market Cap: UK£23.3b

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

Malayan Banking Berhad

Market Cap: RM 126.6b

Provides commercial banking and related financial products and services.

KB Financial Group

Market Cap: ₩45.1t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Federal Home Loan Mortgage

Market Cap: US$31.2b

Operates in the secondary mortgage market in the United States.

Humana

Market Cap: US$31.1b

Provides medical and specialty insurance products in the United States.

NRG Energy

Market Cap: US$30.8b

Operates as an energy and home services company in the United States and Canada.

Sompo Holdings

Market Cap: JP¥4.8t

Provides property and casualty insurance services in Japan and internationally.

Teradyne

Market Cap: US$30.8b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Adani Power

Market Cap: ₹2.8t

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.

China Unicom (Hong Kong)

Market Cap: HK$238.1b

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

Foshan Haitian Flavouring and Food

Market Cap: CN¥214.0b

Foshan Haitian Flavouring and Food Company Ltd.

Amrize

Market Cap: CHF 24.1b

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

Dai-ichi Life Holdings

Market Cap: JP¥4.7t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Dollar General

Market Cap: US$30.3b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Bank Hapoalim B.M

Market Cap: ₪95.9b

Provides various banking and financial services in Israel and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥209.5b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

ASM International

Market Cap: €25.4b

Engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia.

Japan Post Holdings

Market Cap: JP¥4.7t

Provides postal, banking, and insurance services in Japan.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł106.5b

Provides various banking products and services in Poland and internationally.

Advanced Info Service

Market Cap: ฿930.9b

Operates as a telecommunications and technology company primarily in Thailand.

Svenska Handelsbanken

Market Cap: SEK 269.5b

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

Naturgy Energy Group

Market Cap: €24.8b

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

Capitec Bank Holdings

Market Cap: R481.3b

Through its subsidiaries, provides various banking products and services in South Africa.

China Everbright Bank

Market Cap: CN¥203.5b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Kraft Heinz

Market Cap: US$28.9b

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

Astera Labs

Market Cap: US$28.9b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

National Bank of KuwaitK.P

Market Cap: د.ك8.9b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.