Vietnamese Software Defensive Blue Chips

GE HealthCare Technologies

Market Cap: US$31.8b

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.

Sompo Holdings

Market Cap: JP¥5.0t

Provides property and casualty insurance services in Japan and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 24.6b

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

Japan Post Holdings

Market Cap: JP¥4.9t

Provides postal, banking, and insurance services in Japan.

Talanx

Market Cap: €26.9b

Provides insurance and reinsurance products and services worldwide.

CEZ a. s

Market Cap: Kč658.7b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Western, Central, and Southeastern Europe.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp524.1t

Provides various banking products and services in Indonesia and internationally.

Dai-ichi Life Holdings

Market Cap: JP¥4.9t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥211.9b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Huntington Bancshares

Market Cap: US$30.7b

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

Adani Power

Market Cap: ₹2.9t

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.

Foshan Haitian Flavouring and Food

Market Cap: CN¥210.0b

Foshan Haitian Flavouring and Food Company Ltd.

Federal National Mortgage Association

Market Cap: US$30.4b

Provides financing solutions for residential mortgages in the United States.

Power Corporation of Canada

Market Cap: CA$41.3b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Veeva Systems

Market Cap: US$30.1b

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

Power Grid Corporation of India

Market Cap: ₹2.8t

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

Atmos Energy

Market Cap: US$29.9b

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

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.

Seven & i Holdings

Market Cap: JP¥4.7t

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

M&T Bank

Market Cap: US$29.4b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Ping An Bank

Market Cap: CN¥202.8b

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

Amrize

Market Cap: CHF 23.2b

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

Swiss Life Holding

Market Cap: CHF 23.0b

Provides life, pensions, and financial solutions for private and corporate clients.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥200.3b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Svenska Handelsbanken

Market Cap: SEK 270.9b

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

CGN Power

Market Cap: HK$226.9b

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

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł106.5b

Provides various banking products and services in Poland and internationally.

Shinhan Financial Group

Market Cap: ₩42.7t

Provides financial products and services in South Korea, Vietnam, and Japan.

Fresenius SE KGaA

Market Cap: €24.6b

A health care company, provides products and services for chronically ill patients.

Grupo Financiero Banorte. de

Market Cap: Mex$511.5b

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

Standard Bank Group

Market Cap: R481.1b

Provides financial products and services in South Africa and internationally.

Sampo Oyj

Market Cap: €24.4b

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¥194.7b

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

Ørsted

Market Cap: DKK 182.3b

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

GigaDevice Semiconductor

Market Cap: CN¥193.7b

Engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

Capitec Bank Holdings

Market Cap: R476.3b

Through its subsidiaries, provides various banking products and services in South Africa.