Bahraini Software Defensive Blue Chips

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥286.2b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

People's Insurance Company (Group) of China

Market Cap: HK$332.8b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق154.3b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

Adani Power

Market Cap: ₹4.0t

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.

Banca Monte dei Paschi di Siena

Market Cap: €36.2b

Provides various banking products and services in Italy and internationally.

Power Corporation of Canada

Market Cap: CA$58.0b

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

KB Financial Group

Market Cap: ₩58.9t

Provides financial products and services in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥277.2b

Provides insurance products to in the People’s Republic of China.

Kotak Mahindra Bank

Market Cap: ₹3.9t

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

Hua Hong Grace Semiconductor

Market Cap: HK$319.5b

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

Japan Post Holdings

Market Cap: JP¥6.5t

Provides postal, banking, and insurance services in Japan.

Rocket Companies

Market Cap: US$40.5b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

American International Group

Market Cap: US$40.4b

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

Swisscom

Market Cap: CHF 32.8b

Provides telecommunication services in Switzerland, Italy, and internationally.

Sysco

Market Cap: US$40.3b

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.

Axis Bank

Market Cap: ₹3.8t

Provides various financial products and services in India and internationally.

Moore Threads Technology

Market Cap: CN¥269.1b

Engages in the development of GPU chips and related products.

Consolidated Edison

Market Cap: US$39.8b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Telstra Group

Market Cap: AU$55.4b

Provides telecommunications and information services in Australia and internationally.

SSE

Market Cap: UK£28.9b

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

Sompo Holdings

Market Cap: JP¥6.2t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

Montage Technology

Market Cap: CN¥262.7b

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

Tesco

Market Cap: UK£28.8b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Archer-Daniels-Midland

Market Cap: US$38.8b

Provides human and animal nutrition ingredients and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

OTP Bank Nyrt

Market Cap: Ft12.2t

Provides various commercial banking services.

Veeva Systems

Market Cap: US$38.4b

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

Samsung Life Insurance

Market Cap: ₩54.3t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

SJ Semiconductor

Market Cap: CN¥257.1b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

PG&E

Market Cap: US$38.1b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ139.0b

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

ACWA Power

Market Cap: ر.س141.6b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Hartford Insurance Group

Market Cap: US$37.7b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

ABN AMRO Bank

Market Cap: €32.5b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Vulcan Materials

Market Cap: US$37.3b

Produces and supplies construction aggregates in the United States.

Fomento Económico Mexicano. de

Market Cap: Mex$632.8b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

Bank Leumi le-Israel B.M

Market Cap: ₪110.6b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.