Nigerian Software Defensive Blue Chips

Erste Group Bank

Market Cap: €39.0b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Kuwait Finance House K.S.C.P

Market Cap: د.ك14.1b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Heidelberg Materials

Market Cap: €38.8b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Moore Threads Technology

Market Cap: CN¥316.3b

Engages in the development of GPU chips and related products.

FBC Holdings

Market Cap: US$5.8b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

CBZ Holdings

Market Cap: US$5.8b

Provides various banking and financial products and services to retail and corporate customers in Zimbabwe.

Monolithic Power Systems

Market Cap: US$44.9b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally.

United Overseas Bank

Market Cap: S$57.4b

Provides banking products and services worldwide.

Heineken

Market Cap: €37.9b

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, and the Asia Pacific.

Target

Market Cap: US$44.4b

Operates as a general merchandise retailer in the United States.

Great-West Lifeco

Market Cap: CA$60.9b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Orange

Market Cap: €37.0b

Operates as a telecommunications operator in France and internationally.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ159.3b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Aeon

Market Cap: JP¥6.7t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Axis Bank

Market Cap: ₹3.8t

Provides various financial products and services in India and internationally.

Fubon Financial Holding

Market Cap: NT$1.3t

Provides various financial services in Taiwan, Asia, and internationally.

Skandinaviska Enskilda Banken

Market Cap: SEK 380.3b

Provides corporate, retail, investment, and private banking services.

Coca-Cola Europacific Partners

Market Cap: €35.0b

Produces, distributes, and sells a range of non-alcoholic ready to drink beverages.

DNB Bank

Market Cap: NOK 411.1b

Provides financial services to individuals and businesses in Norway and internationally.

Fairfax Financial Holdings

Market Cap: CA$55.8b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

Danske Bank

Market Cap: DKK 258.0b

Provides various banking products and services to corporate, institutional, and international clients.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥281.4b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Alcon

Market Cap: CHF 31.4b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Kroger

Market Cap: US$39.5b

Operates as a food and drug retailer in the United States.

Prudential

Market Cap: UK£29.1b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Hartford Insurance Group

Market Cap: US$38.7b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Vulcan Materials

Market Cap: US$38.6b

Produces and supplies construction aggregates in the United States.

Swedbank

Market Cap: SEK 355.3b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ141.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Hershey

Market Cap: US$38.4b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Martin Marietta Materials

Market Cap: US$38.2b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

ACWA Power

Market Cap: ر.س143.2b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Huadian New Energy Group

Market Cap: CN¥266.6b

Engages in the power generation business in China.

Muyuan Foods

Market Cap: CN¥266.2b

Operates in the hog industry in China.

UltraTech Cement

Market Cap: ₹3.4t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

GE HealthCare Technologies

Market Cap: US$37.8b

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.