Japanese Software Defensive Blue Chips

Israel Discount Bank

Market Cap: ₪37.4b

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

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Almarai

Market Cap: ر.س44.0b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Mowi

Market Cap: NOK 114.1b

A seafood company, produces and sells Atlantic salmon products worldwide.

Ensign Group

Market Cap: US$11.6b

Provides skilled nursing, senior living, and rehabilitative services.

Arab National Bank

Market Cap: ر.س43.2b

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.

Great Eastern Holdings

Market Cap: S$14.8b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Manila Electric

Market Cap: ₱696.0b

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

Taiwan Cooperative Financial Holding

Market Cap: NT$367.7b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

Mashreqbank PSC

Market Cap: د.إ41.9b

Provides various banking and financial services to individuals and corporates.

Absa Group

Market Cap: R195.6b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Globus Medical

Market Cap: US$11.3b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Universal Health Services

Market Cap: US$11.2b

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

China Zheshang Bank

Market Cap: HK$87.9b

Provides various commercial banking products and services in Mainland China.

BAWAG Group

Market Cap: €9.8b

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

Chongqing Rural Commercial Bank

Market Cap: HK$87.7b

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

Industrial Bank of Korea

Market Cap: ₩17.0t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥76.8b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally.

Hong Leong Bank Berhad

Market Cap: RM 44.9b

Operates as a financial services company in Malaysia and internationally.

Jiangsu Yanghe Distillery

Market Cap: CN¥76.4b

Offers liquors and wines.

Harel Insurance Investments & Financial Services

Market Cap: ₪35.1b

Offers insurance and financial services in Israel, Europe, and internationally.

Webster Financial

Market Cap: US$11.0b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Ooredoo Q.P.S.C

Market Cap: ر.ق39.8b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

MTN Nigeria Communications

Market Cap: ₦15.1t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

AltaGas

Market Cap: CA$15.1b

Operates as an energy infrastructure company in North America.

Bank Albilad

Market Cap: ر.س40.6b

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

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥74.5b

Engages in the generation and sale of electricity in China.

Tata Consumer Products

Market Cap: ₹1.0t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

Technoprobe

Market Cap: €9.3b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Sanlam

Market Cap: R182.7b

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

Sejahteraraya Anugrahjaya

Market Cap: Rp180.3t

Provides medical services in Indonesia.

MPI

Market Cap: NT$341.3b

Manufactures, processes, maintains, imports/exports, and trades in semi-conductor production process and testing equipment in Taiwan, China, Singapore, Korea, the United States, and internationally.

SK Telecom

Market Cap: ₩16.3t

Engages in the provision of wireless telecommunication services in South Korea.

China Resources Beer (Holdings)

Market Cap: HK$83.2b

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