Swedish Software Defensive Blue Chips

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥208.6b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Standard Bank Group

Market Cap: R483.6b

Provides financial products and services in South Africa and internationally.

Ørsted

Market Cap: DKK 187.1b

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

Hang Seng Bank

Market Cap: US$29.6b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

Sampo Oyj

Market Cap: €25.0b

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.

Bank of Ningbo

Market Cap: CN¥204.4b

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

Foshan Haitian Flavouring and Food

Market Cap: CN¥203.7b

Foshan Haitian Flavouring and Food Company Ltd.

NRG Energy

Market Cap: US$29.2b

Operates as an energy and home services company in the United States and Canada.

Amrize

Market Cap: CHF 22.4b

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

Hua Hong Semiconductor

Market Cap: HK$226.0b

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

DexCom

Market Cap: US$28.5b

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

Adani Power

Market Cap: ₹2.6t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

Credicorp

Market Cap: US$28.3b

Provides various financial, insurance, and health services and products in Peru and internationally.

Kraft Heinz

Market Cap: US$28.1b

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

Nestlé India

Market Cap: ₹2.6t

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

Shinhan Financial Group

Market Cap: ₩40.0t

Provides financial products and services in South Korea and internationally.

BPER Banca

Market Cap: €23.3b

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

China Everbright Bank

Market Cap: CN¥190.9b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Veolia Environnement

Market Cap: €23.1b

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

Huntington Bancshares

Market Cap: US$27.4b

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

Banco do Brasil

Market Cap: R$144.0b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.

Koninklijke Philips

Market Cap: €22.9b

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

Constellation Brands

Market Cap: US$27.2b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

EnBW Energie Baden-Württemberg

Market Cap: €22.9b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك8.3b

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.

Citizens Financial Group

Market Cap: US$27.0b

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.

Bank Mandiri (Persero)

Market Cap: Rp449.9t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Atmos Energy

Market Cap: US$26.9b

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

Bank of Jiangsu

Market Cap: CN¥185.9b

Provides various banking products and services in China.

George Weston

Market Cap: CA$36.0b

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

Aviva

Market Cap: UK£19.3b

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

CGN Power

Market Cap: HK$206.5b

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

Woolworths Group

Market Cap: AU$37.8b

Operates retail stores in Australia and New Zealand.

Avenue Supermarts

Market Cap: ₹2.4t

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

Resona Holdings

Market Cap: JP¥4.0t

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

Power Grid Corporation of India

Market Cap: ₹2.4t

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