Slovenian Software Defensive Blue Chips

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ179.3b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Shanghai Pudong Development Bank

Market Cap: CN¥337.1b

Shanghai Pudong Development Bank Co., Ltd.

Erste Group Bank

Market Cap: €41.1b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Swiss Re

Market Cap: CHF 37.6b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Heineken

Market Cap: €40.9b

Heineken N.V. brews and sells beer and cider in the Americas, Europe, Africa, the Middle East, and the Asia Pacific.

National Bank of Canada

Market Cap: CA$64.9b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Kotak Mahindra Bank

Market Cap: ₹4.2t

Provides a range of banking and financial services to corporate and individual customers in India.

Edwards Lifesciences

Market Cap: US$46.3b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Axis Bank

Market Cap: ₹4.2t

Provides various financial products and services in India and internationally.

Kuwait Finance House K.S.C.P

Market Cap: د.ك14.0b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Disco

Market Cap: JP¥7.1t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Ambev

Market Cap: R$238.6b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada.

PICC Property and Casualty

Market Cap: HK$352.1b

Engages in property and casualty insurance business in People’s Republic of China.

ITC

Market Cap: ₹4.1t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

RWE

Market Cap: €37.4b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Swisscom

Market Cap: CHF 34.3b

Provides telecommunication services primarily in Switzerland, Italy, and internationally.

Heidelberg Materials

Market Cap: €37.1b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Commerzbank

Market Cap: €37.0b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Swedbank

Market Cap: SEK 394.6b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

DNB Bank

Market Cap: NOK 420.1b

Provides financial services to individuals and businesses in Norway and internationally.

Coca-Cola Europacific Partners

Market Cap: €36.2b

Produces, distributes, and sells a range of non-alcoholic ready to drink beverages.

Danske Bank

Market Cap: DKK 269.0b

Provides various banking products and services to corporate, institutional, and international clients.

Teradyne

Market Cap: US$42.5b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ155.5b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Kroger

Market Cap: US$42.3b

Operates as a food and drug retailer in the United States.

Microchip Technology

Market Cap: US$42.2b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Skandinaviska Enskilda Banken

Market Cap: SEK 379.8b

Provides corporate, retail, investment, and private banking services.

ASE Technology Holding

Market Cap: NT$1.3t

Provides semiconductor manufacturing services in the United States, Taiwan, rest of Asia, Europe, and internationally.

Hershey

Market Cap: US$41.7b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Great-West Lifeco

Market Cap: CA$57.1b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

UltraTech Cement

Market Cap: ₹3.7t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

American International Group

Market Cap: US$41.2b

Offers insurance products for commercial, institutional, and individual customers in North America and internationally.

Vulcan Materials

Market Cap: US$41.2b

Produces and supplies construction aggregates in the United States.

SSE

Market Cap: UK£30.1b

Engages in the generation, transmission, distribution, and supply of electricity.

Sysco

Market Cap: US$40.5b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Martin Marietta Materials

Market Cap: US$40.5b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.