Slovak Software Defensive Blue Chips

Zurich Insurance Group

Market Cap: CHF 78.7b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Postal Savings Bank of China

Market Cap: HK$727.4b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

China Telecom

Market Cap: HK$710.7b

Provides mobile communications, wireline and satellite communications, internet access, cloud computing and computing power, AI, big data, quantum, ICT integration in the People’s Republic of China.

Intel

Market Cap: US$90.5b

Designs, develops, manufactures, markets, and sells computing and related products and services worldwide.

Enel

Market Cap: €78.0b

Operates as an integrated operator in electricity and gas industries worldwide.

Mondelez International

Market Cap: US$90.1b

Through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe.

Bank of Communications

Market Cap: HK$697.1b

Provides commercial banking products and services in China.

McKesson

Market Cap: US$88.4b

Provides healthcare services in the United States and internationally.

Banco Bilbao Vizcaya Argentaria

Market Cap: €76.0b

Provides retail banking, wholesale banking, and asset management services primarily in Spain, Mexico, Turkey, South America, rest of Europe, the United States, and Asia.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €74.6b

Engages in the insurance and reinsurance businesses worldwide.

State Bank of India

Market Cap: ₹7.4t

Provides banking products and services in India and internationally.

NTT

Market Cap: JP¥12.5t

Operates as a telecommunications company in Japan and internationally.

Tokyo Electron

Market Cap: JP¥12.4t

Develops, manufactures, and sells semiconductor production equipment in Japan, Europe, North America, Taiwan, China, South Korea, and internationally.

HCA Healthcare

Market Cap: US$81.9b

Through its subsidiaries, owns and operates hospitals and related healthcare entities in the United States.

Bank of Montreal

Market Cap: CA$112.4b

Provides diversified financial services primarily in North America.

Aon

Market Cap: US$79.6b

A professional services firm, provides a range of risk and human capital solutions worldwide.

Arthur J. Gallagher

Market Cap: US$79.2b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Cigna Group

Market Cap: US$78.1b

Provides insurance and related products and services in the United States.

Tokio Marine Holdings

Market Cap: JP¥11.5t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

PNC Financial Services Group

Market Cap: US$76.4b

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

National Australia Bank

Market Cap: AU$116.7b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

CVS Health

Market Cap: US$75.4b

Provides health solutions in the United States.

Westpac Banking

Market Cap: AU$113.4b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

Mizuho Financial Group

Market Cap: JP¥10.9t

Engages in banking, trust, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

MediaTek

Market Cap: NT$2.2t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

U.S. Bancorp

Market Cap: US$71.8b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

Bank of Nova Scotia

Market Cap: CA$96.3b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

National Grid

Market Cap: UK£51.8b

Engages in the transmission and distribution of electricity and gas.

Canadian Imperial Bank of Commerce

Market Cap: CA$94.8b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

SoftBank

Market Cap: JP¥10.2t

Engages in the telecommunication and information technology businesses in Japan.

Barclays

Market Cap: UK£51.0b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

ING Groep

Market Cap: €58.1b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Industrial Bank

Market Cap: CN¥480.6b

Provides banking services in the People’s Republic of China.

Wuliangye YibinLtd

Market Cap: CN¥479.5b

Manufactures and sells liquor and wine products under the Wuliangye brand in China.

Nongfu Spring

Market Cap: HK$521.8b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

Vistra

Market Cap: US$66.5b

Operates as an integrated retail electricity and power generation company in the United States.