Bahraini Software Defensive Blue Chips

MTN Group

Market Cap: R373.4b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Hua Hong Semiconductor

Market Cap: HK$171.9b

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

Nanya Technology

Market Cap: NT$701.8b

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

Labcorp Holdings

Market Cap: US$21.9b

Provides laboratory services.

Regions Financial

Market Cap: US$21.9b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Hon. Precision

Market Cap: NT$695.3b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

STERIS

Market Cap: US$21.7b

Provides infection prevention products and services worldwide.

First Citizens BancShares

Market Cap: US$21.7b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ79.5b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

KeyCorp

Market Cap: US$21.6b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Quest Diagnostics

Market Cap: US$21.5b

Provides diagnostic testing and services in the United States.

CIMB Group Holdings Berhad

Market Cap: RM 85.2b

Provides various banking products and services in Malaysia and internationally.

Tyson Foods

Market Cap: US$21.4b

Operates as a food company worldwide.

Banco Santander (Brasil)

Market Cap: R$112.0b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

Sigma Healthcare

Market Cap: AU$30.5b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Dollar Tree

Market Cap: US$21.0b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Coca-Cola HBC

Market Cap: UK£15.7b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Banco BPM

Market Cap: €18.1b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Astera Labs

Market Cap: US$20.9b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

First Solar

Market Cap: US$20.7b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

LONGi Green Energy Technology

Market Cap: CN¥142.8b

Manufactures and sells photovoltaic products in China, Europe, the Asia Pacific, and the United States.

Humana

Market Cap: US$20.7b

Provides medical and specialty insurance products in the United States.

Koninklijke KPN

Market Cap: €17.9b

Provides telecommunications and information technology (IT) services in the Netherlands.

China United Network Communications

Market Cap: CN¥142.3b

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

Cellnex Telecom

Market Cap: €17.8b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$107.1b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

CK Infrastructure Holdings

Market Cap: HK$160.2b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

JD Health International

Market Cap: HK$159.4b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Tower Semiconductor

Market Cap: US$20.3b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

NN Group

Market Cap: €17.5b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Coles Group

Market Cap: AU$29.1b

Operates as a retailer in Australia.

Bank of Shanghai

Market Cap: CN¥139.4b

Provides various banking products and services in China.

US Foods Holding

Market Cap: US$20.1b

US Foods Holding Corp., together with its subsidiaries, markets, sells, and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

IHH Healthcare Berhad

Market Cap: RM 79.4b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Bank of Nanjing

Market Cap: CN¥138.1b

Provides various financial products and services in China.

Coca-Cola FEMSA. de

Market Cap: US$19.8b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.