Mexican Software Defensive Blue Chips

ABN AMRO Bank

Market Cap: €24.5b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

OTP Bank Nyrt

Market Cap: Ft9.4t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Bank Mandiri (Persero)

Market Cap: Rp476.0t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Cementir Holding

Market Cap: €24.3b

Operates in the building materials sector in Italy, Nordic and Baltic, Belgium, North America, Türkiye, Egypt, and the Asia Pacific.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ104.6b

Provides banking products and services in the United Arab Emirates and internationally.

Standard Bank Group

Market Cap: R470.1b

Provides financial products and services in South Africa and internationally.

First Solar

Market Cap: US$28.4b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Aviva

Market Cap: UK£20.8b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

New China Life Insurance

Market Cap: CN¥195.9b

Provides life insurance products and services to individuals and institutions in China.

Archer-Daniels-Midland

Market Cap: US$28.0b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions.

Nestlé India

Market Cap: ₹2.5t

Engages in the manufacture and sale of food products in India and internationally.

BNP Paribas Fortis

Market Cap: €23.6b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

AST SpaceMobile

Market Cap: US$27.6b

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

Power Grid Corporation of India

Market Cap: ₹2.5t

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

Markel Group

Market Cap: US$27.4b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

Huntington Bancshares

Market Cap: US$27.4b

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

Brown & Brown

Market Cap: US$27.4b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

Atmos Energy

Market Cap: US$27.3b

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

Bank of Jiangsu

Market Cap: CN¥190.9b

Provides various banking products and services in China.

W. R. Berkley

Market Cap: US$26.9b

An insurance holding company, operates as a commercial line writer worldwide.

Avenue Supermarts

Market Cap: ₹2.4t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

BPER Banca

Market Cap: €22.8b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

Bank of Ningbo

Market Cap: CN¥185.5b

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

First Citizens BancShares

Market Cap: US$26.5b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

George Weston

Market Cap: CA$36.1b

Provides food and drug retailing, and financial services in Canada.

Credo Technology Group Holding

Market Cap: US$26.2b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

DexCom

Market Cap: US$26.2b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

China Tower

Market Cap: HK$202.1b

Provides telecommunication tower infrastructure services in the People's Republic of China.

Koninklijke Philips

Market Cap: €22.1b

Operates as a health technology company in North America, the Greater China, and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €22.1b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$465.5b

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

Inner Mongolia Yili Industrial Group

Market Cap: CN¥180.3b

Inner Mongolia Yili Industrial Group Co., Ltd.

Cincinnati Financial

Market Cap: US$25.7b

Provides property casualty insurance products in the United States.

Shinhan Financial Group

Market Cap: ₩37.0t

Provides financial products and services in South Korea and internationally.

American Water Works Company

Market Cap: US$25.6b

Through its subsidiaries, provides water and wastewater services in the United States.

Veolia Environnement

Market Cap: €21.7b

Designs and provides water, waste, and energy management solutions.