Portuguese Software Defensive Blue Chips

Barito Renewables Energy

Market Cap: Rp568.6t

Generates and sells power through geothermal and wind resources in Indonesia.

Ping An Bank

Market Cap: CN¥214.6b

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

Naturgy Energy Group

Market Cap: €27.3b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

BPER Banca

Market Cap: €27.2b

Engages in the provision of banking products and services for individuals, and businesses and professionals in Italy and internationally.

Qnity Electronics

Market Cap: US$31.5b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

Bank of Ningbo

Market Cap: CN¥212.0b

Provides various personal and business banking products and services in the People's Republic of China.

Resona Holdings

Market Cap: JP¥5.0t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$523.8b

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

Talanx

Market Cap: €26.1b

Provides insurance and reinsurance products and services worldwide.

Ajinomoto

Market Cap: JP¥4.8t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Swiss Life Holding

Market Cap: CHF 23.9b

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

Veolia Environnement

Market Cap: €26.0b

Designs and provides water, waste, and energy management solutions.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ110.5b

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

Gulf Development

Market Cap: ฿971.1b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

GE HealthCare Technologies

Market Cap: US$29.6b

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.

Tower Semiconductor

Market Cap: US$29.6b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Svenska Handelsbanken

Market Cap: SEK 277.2b

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

Muyuan Foods Group

Market Cap: CN¥198.9b

Operates as a pork company in the hog farming industry in China.

Credicorp

Market Cap: US$29.4b

Provides various banking services and products in Peru, Bermuda, Colombia, Bolivia, Panama, Chile, the United States, the Cayman Islands, and Mexico.

Amrize

Market Cap: CHF 23.2b

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

Foshan Haitian Flavouring and Food

Market Cap: CN¥197.4b

Foshan Haitian Flavouring and Food Company Ltd.

BE Semiconductor Industries

Market Cap: €25.1b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

DexCom

Market Cap: US$29.1b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$29.0b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

AXIA Energia

Market Cap: R$146.7b

Through its subsidiaries, engages in the generation, transmission, distribution, and commercialization of electricity in Brazil.

Kraft Heinz

Market Cap: US$28.9b

Manufactures and markets food and beverage products in North America and internationally.

Xi'an ESWIN Material Technology

Market Cap: CN¥194.5b

Xi'an ESWIN Material Technology Co., Ltd.

First Solar

Market Cap: US$28.7b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

Citizens Financial Group

Market Cap: US$28.6b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

China Unicom (Hong Kong)

Market Cap: HK$223.4b

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

Atmos Energy

Market Cap: US$28.4b

Engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States.

Avenue Supermarts

Market Cap: ₹2.7t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

ResMed

Market Cap: US$28.1b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

China National Nuclear Power

Market Cap: CN¥190.3b

Engages in the investment, construction, operation, and management of nuclear power projects in the People's Republic of China.

Power Grid Corporation of India

Market Cap: ₹2.7t

An electric power transmission utility, engages in the power transmission business in India and internationally.

Nestlé India

Market Cap: ₹2.7t

Engages in the manufacture and sale of food products in India and internationally.