South African Software Defensive Blue Chips

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.

Ørsted

Market Cap: DKK 188.6b

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

Amrize

Market Cap: CHF 23.1b

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

Power Grid Corporation of India

Market Cap: ₹2.7t

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

Renesas Electronics

Market Cap: JP¥4.7t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

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.

Montage Technology

Market Cap: CN¥205.4b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and data center markets in the People’s Republic of China.

Shinhan Financial Group

Market Cap: ₩42.9t

Provides financial products and services in South Korea and internationally.

Credicorp

Market Cap: US$29.2b

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

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥202.1b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Nanya Technology

Market Cap: NT$914.1b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

BPER Banca

Market Cap: €24.4b

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

China Unicom (Hong Kong)

Market Cap: HK$222.8b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

GigaDevice Semiconductor

Market Cap: CN¥196.4b

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

DexCom

Market Cap: US$28.3b

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

Huntington Bancshares

Market Cap: US$28.0b

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

Bank Mandiri (Persero)

Market Cap: Rp466.7t

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

Citizens Financial Group

Market Cap: US$27.8b

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.

Kraft Heinz

Market Cap: US$27.8b

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

National Bank of KuwaitK.P

Market Cap: د.ك8.6b

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.

China Everbright Bank

Market Cap: CN¥193.0b

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.

Nestlé India

Market Cap: ₹2.5t

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

Resona Holdings

Market Cap: JP¥4.3t

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

Koninklijke Philips

Market Cap: €23.4b

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

Veolia Environnement

Market Cap: €23.4b

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

Banco do Brasil

Market Cap: R$144.4b

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

Avenue Supermarts

Market Cap: ₹2.5t

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

EnBW Energie Baden-Württemberg

Market Cap: €23.1b

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

George Weston

Market Cap: CA$36.8b

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

Constellation Brands

Market Cap: US$27.0b

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

Aviva

Market Cap: UK£19.7b

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

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¥186.8b

Provides various banking products and services in China.

Luzhou LaojiaoLtd

Market Cap: CN¥185.9b

Produces and sells alcoholic products in China and internationally.

CGN Power

Market Cap: HK$209.0b

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$38.1b

Operates retail stores in Australia and New Zealand.