Portuguese Software Defensive Blue Chips

Cigna Group

Market Cap: US$75.9b

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

Aon

Market Cap: US$75.5b

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

MediaTek

Market Cap: NT$2.4t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

Hygon Information Technology

Market Cap: CN¥523.9b

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

Monster Beverage

Market Cap: US$73.9b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

ANZ Group Holdings

Market Cap: AU$108.3b

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

Tokio Marine Holdings

Market Cap: JP¥11.3t

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

NatWest Group

Market Cap: UK£52.8b

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

Oversea-Chinese Banking

Market Cap: S$90.6b

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

Nongfu Spring

Market Cap: HK$541.9b

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

Arthur J. Gallagher

Market Cap: US$67.6b

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

SoftBank

Market Cap: JP¥10.4t

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

KDDI

Market Cap: JP¥10.4t

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

Cencora

Market Cap: US$66.1b

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

Engie

Market Cap: €56.4b

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: €56.2b

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

CBZ Holdings

Market Cap: US$8.4b

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

Industrial Bank

Market Cap: CN¥454.2b

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

Truist Financial

Market Cap: US$64.6b

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

Federal National Mortgage Association

Market Cap: US$64.6b

Provides financing solutions for residential mortgages in the United States.

Travelers Companies

Market Cap: US$64.2b

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.

Japan Tobacco

Market Cap: JP¥10.0t

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

Assicurazioni Generali

Market Cap: €54.5b

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

Infineon Technologies

Market Cap: €54.4b

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.

América Móvil. de

Market Cap: Mex$1.1t

Provides telecommunications services in Latin America and internationally.

Crédit Agricole

Market Cap: €53.2b

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: €52.8b

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

Manulife Financial

Market Cap: CA$85.0b

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

Bank Central Asia

Market Cap: Rp1007.5t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥420.6b

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

Siemens Healthineers

Market Cap: €51.4b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Wuliangye YibinLtd

Market Cap: CN¥419.9b

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

Saudi National Bank

Market Cap: ر.س224.5b

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

Life Insurance Corporation of India

Market Cap: ₹5.4t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Rocket Companies

Market Cap: US$59.4b

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

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.