Indonesian Software Defensive Blue Chips

Etihad Etisalat

Market Cap: ر.س43.1b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Adani Energy Solutions

Market Cap: ₹994.8b

Generates, transmits, and distributes power in India.

Banco Santander-Chile

Market Cap: CL$10.8t

Provides commercial and retail banking products and services in Chile.

Woori Financial Group

Market Cap: ₩15.7t

Operates as a commercial bank that provides a range of financial services to individual, business, and institutional customers in Korea.

Bankinter

Market Cap: €9.9b

Provides various banking products and services to individuals and corporate customers, and small- and medium-sized enterprises in Spain.

BE Semiconductor Industries

Market Cap: €9.9b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Redeia Corporación

Market Cap: €9.9b

Engages in the electricity transmission, and system operation and management of the transmission network for the electricity system in Spain and internationally.

Celsius Holdings

Market Cap: US$11.4b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Kirin Holdings Company

Market Cap: JP¥1.6t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

ICICI Lombard General Insurance

Market Cap: ₹978.6b

Provides various general insurance products and services in India.

IDBI Bank

Market Cap: ₹978.5b

Engages in the provision of banking and financial solutions to retail and corporate clients in India.

T&D Holdings

Market Cap: JP¥1.6t

Through its subsidiaries, provides insurance products and services primarily in Japan.

Maplebear

Market Cap: US$11.2b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

Tsingtao Brewery

Market Cap: HK$88.2b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ41.2b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Canara Bank

Market Cap: ₹972.6b

Provides various banking products and services in India and internationally.

Far EasTone Telecommunications

Market Cap: NT$331.0b

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

KakaoBank

Market Cap: ₩15.3t

An Internet bank, provides banking services through electronic financial transaction method in South Korea.

Banco Comercial Português

Market Cap: €9.7b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

BKW

Market Cap: CHF 9.1b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$87.0b

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

Eurobank Ergasias Services and Holdings

Market Cap: €9.6b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Grupo Cibest

Market Cap: Col$45.2t

Provides banking products and services in Colombia 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.

National Bank of Greece

Market Cap: €9.6b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Giga Device Semiconductor

Market Cap: CN¥79.0b

A fabless company, engages in development of memory technologies, microcontrollers (MCUs), sensor, analog products, and solutions.

Banque Saudi Fransi

Market Cap: ر.س41.3b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Israel Discount Bank

Market Cap: ₪38.3b

Provides various banking and financial services in Israel, Europe, and North America.

True Corporation

Market Cap: ฿359.3b

Provides telecommunications and value-added services in Thailand.

Kasikornbank

Market Cap: ฿359.0b

Provides commercial banking products and services in Thailand and internationally.

Arab National Bank

Market Cap: ر.س41.0b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Pilgrim's Pride

Market Cap: US$10.9b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Infrastrutture Wireless Italiane

Market Cap: €9.4b

Operates in the electronic communications infrastructure sector in Italy.

Sichuan Chuantou EnergyLtd

Market Cap: CN¥78.1b

Engages in the clean energy business in China.

HKT Trust and HKT

Market Cap: HK$85.2b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Centrica

Market Cap: UK£8.0b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.