Ivorian Software Defensive Blue Chips

Hong Leong Bank Berhad

Market Cap: RM 45.3b

Operates as a financial services company in Malaysia and internationally.

Phison Electronics

Market Cap: NT$361.8b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Manila Electric

Market Cap: ₱685.8b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

KGI Financial Holding

Market Cap: NT$359.0b

Operates as a financial company in Taiwan and internationally.

JCET Group

Market Cap: CN¥77.0b

Provides integrated-circuit manufacturing and technology services in China and internationally.

China Resources Beer (Holdings)

Market Cap: HK$88.2b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Sanlam

Market Cap: R185.1b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Busy Ming Group

Market Cap: HK$88.0b

Through its subsidiaries, operates as a food and beverage retailer in China.

Global Unichip

Market Cap: NT$357.1b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

China Zheshang Bank

Market Cap: HK$88.0b

Provides corporate and retail banking services in Mainland China.

KT&G

Market Cap: ₩16.5t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Jiangsu Yanghe Distillery

Market Cap: CN¥75.7b

Offers liquors and wines.

SiTime

Market Cap: US$11.1b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Universal Health Services

Market Cap: US$11.0b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

AltaGas

Market Cap: CA$15.2b

Operates as an energy infrastructure company in North America.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥75.0b

Engages in the generation and sale of electricity in China.

Assurant

Market Cap: US$10.9b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫286.5t

Provides various banking products and services in Vietnam and internationally.

American Financial Group

Market Cap: US$10.9b

An insurance holding company, provides property and casualty insurance products in the United States.

GAIL (India)

Market Cap: ₹1.0t

Operates as a natural gas processing and distribution company in India and internationally.

BDO Unibank

Market Cap: ₱655.1b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

Olympus

Market Cap: JP¥1.7t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Bank of Chengdu

Market Cap: CN¥73.9b

Provides various commercial banking products and services in China.

Tsingtao Brewery

Market Cap: CN¥73.8b

Engages in the manufacture and sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

ACM Research (Shanghai)

Market Cap: CN¥73.8b

Engages in the research, development, production, and sale of semiconductor equipment in China.

iA Financial

Market Cap: CA$15.0b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Yokohama Financial Group

Market Cap: JP¥1.7t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Vodafone Idea

Market Cap: ₹1.0t

Provides mobile telecommunication services in India.

Zhejiang Zheneng Electric Power

Market Cap: CN¥73.3b

Zhejiang Zheneng Electric Power Co., Ltd.

Far EasTone Telecommunications

Market Cap: NT$341.1b

Engages in the provision of telecommunications and digital application services in Taiwan.

Bank Albilad

Market Cap: ر.س40.2b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

King Yuan Electronics

Market Cap: NT$339.3b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Encompass Health

Market Cap: US$10.7b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Marico

Market Cap: ₹990.6b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Menora Mivtachim Holdings

Market Cap: ₪32.1b

Operates in insurance and finance sectors in Israel.