Bahraini Software Defensive Blue Chips

Cementir Holding

Market Cap: €25.2b

Operates in the building materials sector in Italy, Nordic and Baltic, Belgium, North America, Türkiye, Egypt, and the Asia Pacific.

Bank of Ningbo

Market Cap: CN¥206.0b

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

CEZ a. s

Market Cap: Kč608.7b

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

Banca Monte dei Paschi di Siena

Market Cap: €25.1b

Provides retail and commercial banking services in Italy.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥205.2b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Naturgy Energy Group

Market Cap: €25.0b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Atmos Energy

Market Cap: US$29.7b

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.

Veolia Environnement

Market Cap: €24.9b

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

Kraft Heinz

Market Cap: US$29.4b

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

STMicroelectronics

Market Cap: €24.8b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥202.3b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Koninklijke Philips

Market Cap: €24.6b

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

Montage Technology

Market Cap: CN¥201.1b

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

Resona Holdings

Market Cap: JP¥4.4t

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

Veeva Systems

Market Cap: US$28.6b

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

China Unicom (Hong Kong)

Market Cap: HK$223.7b

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

Ajinomoto

Market Cap: JP¥4.4t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Gulf Development

Market Cap: ฿892.7b

Generates and sells electricity and steam to public and private clients in Thailand and internationally.

George Weston

Market Cap: CA$38.9b

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

ON Semiconductor

Market Cap: US$28.5b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Sampo Oyj

Market Cap: €24.0b

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 Mandiri (Persero)

Market Cap: Rp473.2t

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

Avenue Supermarts

Market Cap: ₹2.5t

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

ABN AMRO Bank

Market Cap: €23.4b

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

Banco do Brasil

Market Cap: R$145.2b

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

Citizens Financial Group

Market Cap: US$27.7b

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.

Bank of Jiangsu

Market Cap: CN¥190.7b

Provides various banking products and services in China.

China Everbright Bank

Market Cap: CN¥190.6b

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.

BT Group

Market Cap: UK£20.2b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Woolworths Group

Market Cap: AU$39.0b

Operates retail stores in Australia and New Zealand.

Nestlé India

Market Cap: ₹2.5t

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

Nanya Technology

Market Cap: NT$861.4b

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

Willis Towers Watson

Market Cap: US$27.4b

Operates as an advisory, broking, and solutions company worldwide.

BPER Banca

Market Cap: €23.1b

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

National Bank of KuwaitK.P

Market Cap: د.ك8.4b

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.