Dutch Software Defensive Blue Chips

Allstate

Market Cap: US$51.8b

Provides property and casualty, and other insurance products in the United States and Canada.

Infineon Technologies

Market Cap: €44.5b

Engages in the design, development, manufacture, and marketing of semiconductors and semiconductor-based solutions worldwide.

América Móvil. de

Market Cap: Mex$978.9b

Provides telecommunications services in Latin America and internationally.

Kotak Mahindra Bank

Market Cap: ₹4.3t

Provides a range of banking and financial services to corporate and individual customers in India.

Singapore Telecommunications

Market Cap: S$63.7b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, China, and internationally.

Barito Renewables Energy

Market Cap: Rp809.4t

Engages in the generation and sale of power through geothermal and wind resources in Indonesia.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Swiss Re

Market Cap: CHF 40.3b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Advantest

Market Cap: JP¥7.2t

Manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia.

Nordea Bank Abp

Market Cap: €42.6b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Alimentation Couche-Tard

Market Cap: CA$67.2b

Operates and licenses convenience stores in North America, Europe, and Asia.

American International Group

Market Cap: US$48.6b

Offers insurance products for commercial, institutional, and individual customers in North America and internationally.

People's Insurance Company (Group) of China

Market Cap: HK$380.6b

An investment holding company, provides insurance products and services in the People’s Republic of China and Hong Kong.

Becton Dickinson

Market Cap: US$48.3b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Loblaw Companies

Market Cap: CA$66.3b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

Heineken

Market Cap: €41.7b

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

BOC Hong Kong (Holdings)

Market Cap: HK$374.3b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

E.ON

Market Cap: €40.7b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

ACWA Power

Market Cap: ر.س175.1b

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.

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ170.1b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

Veeva Systems

Market Cap: US$46.0b

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

United Overseas Bank

Market Cap: S$58.1b

Provides banking products and services worldwide.

Axis Bank

Market Cap: ₹3.8t

Engages in the provision of various banking and financial products and services.

Kroger

Market Cap: US$43.6b

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

Edwards Lifesciences

Market Cap: US$43.4b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Target

Market Cap: US$43.2b

Operates as a general merchandise retailer in the United States.

Hygon Information Technology

Market Cap: CN¥309.7b

Engages in the research and development of computing chip products and systems in China.

Société Générale Société anonyme

Market Cap: €37.3b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥307.4b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق155.6b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

Coca-Cola Europacific Partners

Market Cap: €36.9b

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

Alcon

Market Cap: CHF 34.8b

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

PICC Property and Casualty

Market Cap: HK$332.3b

Engages in property and casualty insurance business in People’s Republic of China.

IDEXX Laboratories

Market Cap: US$41.8b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Kuwait Finance House K.S.C.P

Market Cap: د.ك12.7b

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

DNB Bank

Market Cap: NOK 409.1b

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