Swedish Software Defensive Blue Chips

Veeva Systems

Market Cap: US$31.5b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Bank Hapoalim B.M

Market Cap: ₪94.3b

Provides various banking and financial services in Israel, North America, Europe, and internationally.

Veolia Environnement

Market Cap: €27.3b

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

Foshan Haitian Flavouring and Food

Market Cap: CN¥209.6b

Foshan Haitian Flavouring and Food Company Ltd.

Ping An Bank

Market Cap: CN¥209.0b

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

Piotech

Market Cap: CN¥209.0b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ112.3b

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

Bank of Ningbo

Market Cap: CN¥206.6b

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

Bank of Jiangsu

Market Cap: CN¥206.5b

Provides various banking products and services in China.

Naturgy Energy Group

Market Cap: €26.6b

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

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$3.9b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Kraft Heinz

Market Cap: US$30.2b

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

Citizens Financial Group

Market Cap: US$30.1b

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.

Ørsted

Market Cap: DKK 195.5b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, and energy storage and combined heat and power (CHP) plants.

Casey's General Stores

Market Cap: US$29.9b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

Qnity Electronics

Market Cap: US$29.4b

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.

Atmos Energy

Market Cap: US$29.2b

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

Svenska Handelsbanken

Market Cap: SEK 280.0b

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

Sampo Oyj

Market Cap: €25.3b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Grupo Financiero Banorte. de

Market Cap: Mex$500.9b

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

GE HealthCare Technologies

Market Cap: US$28.7b

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.

ResMed

Market Cap: US$28.6b

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.

Seven & i Holdings

Market Cap: JP¥4.6t

Operates convenience stores in Japan, North America, and internationally.

Nestlé India

Market Cap: ₹2.7t

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

Sumitomo Mitsui Trust Group

Market Cap: JP¥4.6t

Operates as a trust bank in Japan and internationally.

Amrize

Market Cap: CHF 23.0b

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

Tower Semiconductor

Market Cap: US$28.3b

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

DexCom

Market Cap: US$28.1b

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.

Gulf Development

Market Cap: ฿941.2b

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

China Jushi

Market Cap: CN¥189.3b

Manufactures and sells fiberglass and related products in China and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 22.5b

Engages in the development, manufacture, and sale of chocolate products worldwide.

TS Financial Holding

Market Cap: NT$898.9b

Provides various financial products and services.

AXIA Energia

Market Cap: R$140.7b

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

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥185.5b

Researches and develops, produces, and sells integrated circuit equipment in China and internationally.

W. R. Berkley

Market Cap: US$27.2b

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

Power Grid Corporation of India

Market Cap: ₹2.6t

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