Qatari Software Defensive Blue Chips

Telenor

Market Cap: NOK 195.7b

Operates as a telecommunication company worldwide.

Coles Group

Market Cap: AU$29.0b

Operates as a retailer in Australia.

Centene

Market Cap: US$19.2b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Banco de Chile

Market Cap: CL$17.4t

Operates as a commercial bank that provides banking services in Chile.

Fortum Oyj

Market Cap: €16.1b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Straumann Holding

Market Cap: CHF 15.0b

Provides tooth replacement and orthodontic solutions worldwide.

Hon. Precision

Market Cap: NT$593.8b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Telefônica Brasil

Market Cap: R$105.2b

Operates as a mobile telecommunications company in Brazil.

Coca-Cola HBC

Market Cap: UK£14.0b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

IHH Healthcare Berhad

Market Cap: RM 76.2b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ68.7b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

CK Infrastructure Holdings

Market Cap: HK$144.1b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Bank of Ireland Group

Market Cap: €15.7b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

McCormick

Market Cap: US$18.4b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Arca Continental. de

Market Cap: Mex$330.3b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫483.0t

Provides banking products and services in Vietnam.

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Hua Hong Semiconductor

Market Cap: HK$141.8b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

JDE Peet's

Market Cap: €15.4b

Operates as a coffee and tea company worldwide.

Saudi Awwal Bank

Market Cap: ر.س66.8b

Provides banking and financial services in the Kingdom of Saudi Arabia.

Koninklijke KPN

Market Cap: €15.1b

Provides telecommunications and information technology (IT) services in the Netherlands.

Nanya Technology

Market Cap: NT$557.8b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Bunge Global

Market Cap: US$17.7b

Operates as an agribusiness and food company worldwide.

MTN Group

Market Cap: R295.4b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Zimmer Biomet Holdings

Market Cap: US$17.7b

Operates as a medical technology company worldwide.

Kansai Electric Power Company

Market Cap: JP¥2.7t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Lasertec

Market Cap: JP¥2.7t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

Unipol Assicurazioni

Market Cap: €14.7b

Provides insurance products and services primarily in Italy.

US Foods Holding

Market Cap: US$17.3b

Engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Tenet Healthcare

Market Cap: US$17.3b

Operates as a diversified healthcare services company in the United States.

Hana Financial Group

Market Cap: ₩25.6t

Through its subsidiaries, provides financial services in South Korea.

E.SUN Financial Holding Company

Market Cap: NT$538.6b

Offers various financial banking products and services in Taiwan.

Talen Energy

Market Cap: US$17.0b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Bank of Baroda

Market Cap: ₹1.5t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

CEMEX. de

Market Cap: Mex$303.7b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.