Chinese Software Defensive Blue Chips

Bank of Hangzhou

Market Cap: CN¥118.7b

Provides various banking products and services to individuals, corporate, and small and micro businesses in China.

Attijariwafa bank

Market Cap: د.م148.4b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Saudi Electricity

Market Cap: ر.س61.7b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Uni-President Enterprises

Market Cap: NT$482.4b

Manufactures and sells beverage, food, animal feed, and wheat flour in Taiwan and internationally.

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

Market Cap: ر.ق58.8b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Hormel Foods

Market Cap: US$16.1b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Sprouts Farmers Market

Market Cap: US$16.1b

Engages in the retailing of fresh, natural, and organic food products in the United States.

Smoore International Holdings

Market Cap: HK$126.2b

An investment holding company, engages in the provision of vaping technology solutions.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Jerónimo Martins SGPS

Market Cap: €13.6b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Shanghai United Imaging Healthcare

Market Cap: CN¥112.4b

Shanghai United Imaging Healthcare Co., Ltd.

Britannia Industries

Market Cap: ₹1.3t

Manufactures and sells various food products in India and internationally.

Fresenius Medical Care

Market Cap: €13.2b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Fidelity National Financial

Market Cap: US$15.5b

Provides various insurance products in the United States.

Bunge Global

Market Cap: US$15.4b

Operates as an agribusiness and food company worldwide.

Performance Food Group

Market Cap: US$15.3b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Santander Bank Polska

Market Cap: zł54.9b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Tryg

Market Cap: DKK 95.0b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Powszechny Zaklad Ubezpieczen

Market Cap: zł54.0b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Vodacom Group

Market Cap: R263.0b

Provides communications products and services.

JBS

Market Cap: US$14.8b

Operates as a protein and food company worldwide.

Baxter International

Market Cap: US$14.8b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Budweiser Brewing Company APAC

Market Cap: HK$115.7b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Hologic

Market Cap: US$14.7b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Cooper Companies

Market Cap: US$14.7b

Develops, manufactures, and markets contact lens wearers.

Bank Polska Kasa Opieki

Market Cap: zł53.2b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Brown-Forman

Market Cap: US$14.7b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Telia Company

Market Cap: SEK 139.7b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Wilmar International

Market Cap: S$18.8b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

Align Technology

Market Cap: US$14.7b

Designs, manufactures, and markets Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

Teradyne

Market Cap: US$14.7b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

Tata Power

Market Cap: ₹1.3t

Engages in the generation, transmission, distribution, and trading of electricity in India and internationally.

Mashreqbank PSC

Market Cap: د.إ53.6b

Provides various banking and financial services to individuals and corporates.

Bank of Baroda

Market Cap: ₹1.3t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺588.0b

Provides various banking products and services in Turkey.

Suncorp Group

Market Cap: AU$22.0b

Provides insurance and banking products and services to retail, corporate, and commercial customers in Australia and New Zealand.