Indian Software Defensive Blue Chips

Performance Food Group

Market Cap: US$17.7b

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

Saudi Awwal Bank

Market Cap: ر.س66.4b

Provides banking and financial services in the Kingdom of Saudi Arabia.

Banco de Sabadell

Market Cap: €15.5b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥119.1b

Beijing E-Town Semiconductor Technology Co., Ltd.

Onto Innovation

Market Cap: US$17.5b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

Eurobank

Market Cap: €15.2b

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

Nexchip Semiconductor (China)

Market Cap: CN¥117.6b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

Mizrahi Tefahot Bank

Market Cap: ₪51.5b

Provides various banking services in Israel and internationally.

Elia Group

Market Cap: €15.0b

Develops and operates as a transmission system operator in Belgium and Germany.

Puya Semiconductor (Shanghai)

Market Cap: CN¥116.2b

Engages in research, development, design, and sale of non-volatile memory chips and memory-based derivative chips in China and internationally.

China Resources Microelectronics

Market Cap: CN¥116.1b

Engages in the manufacture and sale of semiconductors in China and internationally.

E.SUN Financial Holding Company

Market Cap: NT$545.1b

Offers various financial banking products and services in Taiwan.

Krung Thai Bank

Market Cap: ฿555.5b

Engages in commercial banking business in Thailand and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥113.6b

Produces and sells alcoholic products in China and internationally.

Ingenic SemiconductorLtd

Market Cap: CN¥113.2b

Engages in the research and development, design, and sale of integrated circuit chip products in China and internationally.

Kasikornbank

Market Cap: ฿547.8b

Provides commercial banking products and services in Thailand and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩25.5t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Tenet Healthcare

Market Cap: US$16.5b

Operates as a diversified healthcare services company in the United States.

Airtel Africa

Market Cap: UK£12.3b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Bank Polska Kasa Opieki

Market Cap: zł61.2b

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

Zimmer Biomet Holdings

Market Cap: US$16.3b

Operates as a medical technology company worldwide.

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.

SDIC Power Holdings

Market Cap: CN¥108.5b

Engages in the electricity generation business in China.

Nova

Market Cap: US$16.0b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Jentech Precision Industrial

Market Cap: NT$509.9b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Hua Nan Financial Holdings

Market Cap: NT$509.4b

Provides financial services in Taiwan and internationally.

Bank of Hangzhou

Market Cap: CN¥107.9b

Provides various banking products and services in China.

National Bank of Greece

Market Cap: €13.9b

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

Kansai Electric Power Company

Market Cap: JP¥2.6t

Engages in electricity, heat supply, telecommunication, and gas supply in Japan.

BAWAG Group

Market Cap: €13.8b

Operates as a holding company for BAWAG P.S.K.

mBank

Market Cap: zł59.1b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

FinecoBank Banca Fineco

Market Cap: €13.7b

Provides banking, credit, trading and investment services in Italy.

Bank of Beijing

Market Cap: CN¥106.1b

Provides various banking services to individuals and corporates in China.

ING Bank Slaski

Market Cap: zł58.7b

Provides various banking products and services for retail clients and businesses in Poland.

SCB X

Market Cap: ฿516.9b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Powszechny Zaklad Ubezpieczen

Market Cap: zł58.4b

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