Qatari Software Defensive Blue Chips

OTP Bank Nyrt

Market Cap: Ft9.4t

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

ABN AMRO Bank

Market Cap: €24.4b

Provides various banking products and financial services to retail, private, and business clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك8.8b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

New China Life Insurance

Market Cap: CN¥200.7b

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

AST SpaceMobile

Market Cap: US$28.1b

Designs and develops the constellation of BlueBird satellites in the United States.

Archer-Daniels-Midland

Market Cap: US$28.0b

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

Naturgy Energy Group

Market Cap: €23.8b

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

Ørsted

Market Cap: DKK 177.3b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

Astera Labs

Market Cap: US$27.8b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Huntington Bancshares

Market Cap: US$27.7b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

Avenue Supermarts

Market Cap: ₹2.5t

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

Aviva

Market Cap: UK£20.6b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

Standard Bank Group

Market Cap: R458.7b

Provides financial products and services in South Africa and internationally.

Brown & Brown

Market Cap: US$27.4b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

Bank of Jiangsu

Market Cap: CN¥192.7b

Provides various banking products and services in China.

Markel Group

Market Cap: US$27.3b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

Power Grid Corporation of India

Market Cap: ₹2.5t

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

Credo Technology Group Holding

Market Cap: US$27.1b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Bank of Ningbo

Market Cap: CN¥189.9b

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

Atmos Energy

Market Cap: US$27.0b

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

Nestlé India

Market Cap: ₹2.4t

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

China Tower

Market Cap: HK$207.3b

Provides telecommunication tower infrastructure services in the People's Republic of China.

BNP Paribas Fortis

Market Cap: €22.6b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

BPER Banca

Market Cap: €22.5b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

W. R. Berkley

Market Cap: US$26.4b

An insurance holding company, operates as a commercial line writer worldwide.

First Citizens BancShares

Market Cap: US$26.2b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

George Weston

Market Cap: CA$36.2b

Provides food and drug retailing, and financial services in Canada.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥183.9b

Inner Mongolia Yili Industrial Group Co., Ltd.

Grupo Financiero Banorte. de

Market Cap: Mex$470.8b

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

Cincinnati Financial

Market Cap: US$26.1b

Provides property casualty insurance products in the United States.

DexCom

Market Cap: US$25.8b

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

CGN Power

Market Cap: HK$200.1b

Operates and manages nuclear power stations, sells electricity generated by these stations, and provides related technical services in the People’s Republic of China.

China National Nuclear Power

Market Cap: CN¥180.0b

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

Koninklijke Philips

Market Cap: €21.7b

Operates as a health technology company in North America, the Greater China, and internationally.

Dollar Tree

Market Cap: US$25.4b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Citizens Financial Group

Market Cap: US$25.4b

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.