Mexican Software Defensive Blue Chips

Capitec Bank Holdings

Market Cap: R472.7b

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

OTP Bank Nyrt

Market Cap: Ft9.3t

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

China Everbright Bank

Market Cap: CN¥188.5b

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.

Avenue Supermarts

Market Cap: ₹2.6t

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

China National Nuclear Power

Market Cap: CN¥188.2b

Engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China.

Huaneng Lancang River Hydropower

Market Cap: CN¥188.2b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Veolia Environnement

Market Cap: €23.7b

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

BNP Paribas Fortis

Market Cap: €23.7b

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

Cementir Holding

Market Cap: €23.7b

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

BT Group

Market Cap: UK£20.4b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ98.5b

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

Gulf Development

Market Cap: ฿881.5b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

Ajinomoto

Market Cap: JP¥4.3t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

American Water Works Company

Market Cap: US$26.7b

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

Willis Towers Watson

Market Cap: US$26.7b

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

George Weston

Market Cap: CA$37.0b

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

VERBUND

Market Cap: €23.1b

Generates, trades, and sells electricity in Austria, Germany, France, Romania, Spain, and Luxembourg.

GigaDevice Semiconductor

Market Cap: CN¥181.7b

Engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

Constellation Brands

Market Cap: US$26.3b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

National Bank of KuwaitK.P

Market Cap: د.ك8.1b

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.

Kraft Heinz

Market Cap: US$26.1b

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

Casey's General Stores

Market Cap: US$26.0b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Samsung Life Insurance

Market Cap: ₩39.4t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥178.9b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

EnBW Energie Baden-Württemberg

Market Cap: €22.6b

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

Banca Monte dei Paschi di Siena

Market Cap: €22.6b

Provides various banking products and services in Italy and internationally.

Bank Mandiri (Persero)

Market Cap: Rp438.3t

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

Dollar General

Market Cap: US$25.8b

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

Svenska Handelsbanken

Market Cap: SEK 244.6b

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

Credicorp

Market Cap: US$25.6b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Koninklijke Philips

Market Cap: €22.3b

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

Renesas Electronics

Market Cap: JP¥4.1t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Snam

Market Cap: €21.9b

Engages in the operation of natural gas transport and storage infrastructure.

ABN AMRO Bank

Market Cap: €21.8b

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

Bunge Global

Market Cap: US$24.9b

Operates as an agribusiness and food company worldwide.

New China Life Insurance

Market Cap: CN¥170.6b

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