Italian Software Defensive Blue Chips

Hana Financial Group

Market Cap: ₩25.0t

Through its subsidiaries, provides financial services in South Korea.

Powszechny Zaklad Ubezpieczen

Market Cap: zł61.8b

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

US Foods Holding

Market Cap: US$17.1b

Engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Talen Energy

Market Cap: US$17.1b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Unipol Assicurazioni

Market Cap: €14.6b

Provides insurance products and services primarily in Italy.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$91.8b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Uniper

Market Cap: €14.6b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Anhui Conch Cement

Market Cap: CN¥118.3b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥118.1b

China Three Gorges Renewables (Group) Co.,Ltd.

Vodacom Group

Market Cap: R278.2b

Provides communications products and services.

Mediobanca Banca di Credito Finanziario

Market Cap: €14.4b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

E.SUN Financial Holding Company

Market Cap: NT$530.5b

Offers various financial banking products and services in Taiwan.

Alinma Bank

Market Cap: ر.س63.0b

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

Telia Company

Market Cap: SEK 154.6b

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

NMBZ Holdings

Market Cap: US$2.2b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Bank of Beijing

Market Cap: CN¥116.9b

Provides various banking services to individuals and corporates in China.

Hologic

Market Cap: US$16.7b

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.

Attijariwafa bank

Market Cap: د.م152.2b

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

Cooper Companies

Market Cap: US$16.5b

Develops, manufactures, and markets contact lens wearers.

Bank of Hangzhou

Market Cap: CN¥114.2b

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

TS Financial Holding

Market Cap: NT$516.0b

Provides various financial products and services.

East West Bancorp

Market Cap: US$16.2b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Wens Foodstuff Group

Market Cap: CN¥112.9b

Operates as an agricultural and animal husbandry company in China.

Britannia Industries

Market Cap: ₹1.5t

Manufactures and sells various food products in India and internationally.

Santander Bank Polska

Market Cap: zł58.2b

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

FinecoBank Banca Fineco

Market Cap: €13.8b

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

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.

Shanghai United Imaging Healthcare

Market Cap: CN¥109.9b

Shanghai United Imaging Healthcare Co., Ltd.

Sonova Holding

Market Cap: CHF 12.5b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Punjab National Bank

Market Cap: ₹1.4t

Provides various banking and financial products and services in India and internationally.

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

Market Cap: ر.ق57.2b

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

bioMérieux

Market Cap: €13.4b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Saudi Electricity

Market Cap: ر.س58.3b

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

Power Assets Holdings

Market Cap: HK$120.9b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Bank Polska Kasa Opieki

Market Cap: zł55.9b

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

Hua Xia Bank

Market Cap: CN¥108.1b

Provides commercial banking services in China and Hong Kong.