Portuguese Software Defensive Blue Chips

Hannover Rück

Market Cap: €28.3b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Vodafone Group

Market Cap: UK£24.4b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Japan Post Holdings

Market Cap: JP¥5.2t

Provides postal, banking, and insurance services in Japan.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

KB Financial Group

Market Cap: ₩47.9t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥229.4b

Advanced Micro-Fabrication Equipment Inc.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 25.7b

Engages in the manufacture and sale of chocolate products worldwide.

Imperial Brands

Market Cap: UK£23.9b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

OTP Bank Nyrt

Market Cap: Ft10.5t

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

M&T Bank

Market Cap: US$32.5b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Archer-Daniels-Midland

Market Cap: US$32.4b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions.

Dollar General

Market Cap: US$32.3b

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

Bank Hapoalim B.M

Market Cap: ₪101.2b

Provides various banking and financial services in Israel and internationally.

Power Corporation of Canada

Market Cap: CA$44.2b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Fresenius SE KGaA

Market Cap: €27.2b

A health care company, provides products and services for chronically ill patients.

Humana

Market Cap: US$32.1b

Provides medical and specialty insurance products in the United States.

Sompo Holdings

Market Cap: JP¥5.0t

Provides property and casualty insurance services in Japan and internationally.

Talanx

Market Cap: €26.8b

Provides insurance and reinsurance products and services worldwide.

Dai-ichi Life Holdings

Market Cap: JP¥4.9t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

CEZ a. s

Market Cap: Kč645.2b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Western, Central, and Southeastern Europe.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ115.3b

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

Svenska Handelsbanken

Market Cap: SEK 280.5b

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

Capitec Bank Holdings

Market Cap: R504.8b

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

Banca Monte dei Paschi di Siena

Market Cap: €26.4b

Provides retail and commercial banking services in Italy.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł110.4b

Provides various banking products and services in Poland and internationally.

Willis Towers Watson

Market Cap: US$30.9b

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

New China Life Insurance

Market Cap: CN¥214.0b

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

Ping An Bank

Market Cap: CN¥213.3b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

China Unicom (Hong Kong)

Market Cap: HK$237.7b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Amrize

Market Cap: CHF 23.8b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Swiss Life Holding

Market Cap: CHF 23.5b

Provides life, pensions, and financial solutions for private and corporate clients.

Grupo Financiero Banorte. de

Market Cap: Mex$519.2b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Foshan Haitian Flavouring and Food

Market Cap: CN¥207.3b

Foshan Haitian Flavouring and Food Company Ltd.

GigaDevice Semiconductor

Market Cap: CN¥206.7b

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

Standard Bank Group

Market Cap: R478.9b

Provides financial products and services in South Africa and internationally.