Polish Software Defensive Blue Chips

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €65.4b

Engages in the insurance and reinsurance businesses worldwide.

Oversea-Chinese Banking

Market Cap: S$95.6b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

ANZ Group Holdings

Market Cap: AU$109.0b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.

China Telecom

Market Cap: HK$577.1b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

Cigna Group

Market Cap: US$73.4b

Provides insurance and related products and services in the United States.

Barito Renewables Energy

Market Cap: Rp1244.2t

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

Nongfu Spring

Market Cap: HK$565.7b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

Aon

Market Cap: US$71.5b

A professional services firm, provides a range of risk and human capital solutions worldwide.

NatWest Group

Market Cap: UK£52.2b

Provides banking and financial products and services in the United Kingdom and internationally.

Marvell Technology

Market Cap: US$70.0b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Tokio Marine Holdings

Market Cap: JP¥11.0t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

CBZ Holdings

Market Cap: US$8.8b

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

Cencora

Market Cap: US$68.2b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Saudi National Bank

Market Cap: ر.س255.2b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Engie

Market Cap: €58.0b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Nordea Bank Abp

Market Cap: €56.8b

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

SoftBank

Market Cap: JP¥10.3t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

Infineon Technologies

Market Cap: €55.1b

Develops, manufactures, and markets semiconductors and semiconductor-based solutions in Germany, Europe, the Middle East, Africa, Mainland China, Hong Kong, Taiwan, the Asia-Pacific, Japan, the United States, and the Americas.

Arthur J. Gallagher

Market Cap: US$64.2b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

KDDI

Market Cap: JP¥10.2t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Japan Tobacco

Market Cap: JP¥10.0t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Truist Financial

Market Cap: US$63.1b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

América Móvil. de

Market Cap: Mex$1.1t

Provides telecommunications services in Latin America and internationally.

Manulife Financial

Market Cap: CA$85.9b

Provides financial products and services in the United States, Canada, Asia, and internationally.

Crédit Agricole

Market Cap: €52.9b

Provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan.

Société Générale Société anonyme

Market Cap: €52.5b

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

Rocket Companies

Market Cap: US$59.8b

Provides spanning mortgage, real estate, and personal finance services in the United States and Canada.

Kioxia Holdings

Market Cap: JP¥9.4t

Engages in the development, production and sale of flash memory and solid state drives (SSDs) in Japan and internationally.

NXP Semiconductors

Market Cap: US$59.6b

Provides semiconductor products in China, the United States, Germany, Japan, Singapore, South Korea, Mexico, the Netherlands, Taiwan, and internationally.

Assicurazioni Generali

Market Cap: €50.6b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Travelers Companies

Market Cap: US$59.3b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Becton Dickinson

Market Cap: US$58.7b

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.

FBC Holdings

Market Cap: US$7.6b

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

Saudi Telecom

Market Cap: ر.س219.3b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Industrial Bank

Market Cap: CN¥404.6b

Provides banking products and services in the People’s Republic of China.

Wuliangye YibinLtd

Market Cap: CN¥399.8b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.