Japanese Software Defensive Blue Chips

National Silicon Industry Group

Market Cap: CN¥76.3b

National Silicon Industry Group Co., Ltd.

Alpha Bank

Market Cap: €9.2b

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

Chubu Electric Power Company

Market Cap: JP¥1.7t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Tsingtao Brewery

Market Cap: CN¥75.6b

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

American Financial Group

Market Cap: US$10.7b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Petrovietnam Gas

Market Cap: ₫281.8t

Engages in the collection, transportation, processing, storage, distribution, importing, and trading of gas and gas related products in Vietnam.

Akbank T.A.S

Market Cap: ₺462.8b

Provides various banking products and services in Turkey and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹977.9b

Provides healthcare services in India.

Bank Albilad

Market Cap: ر.س39.9b

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

Shree Cement

Market Cap: ₹976.2b

Engages in the manufacture and sale of cement and clinker in India and internationally.

Onto Innovation

Market Cap: US$10.6b

Engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide.

Enel Américas

Market Cap: CL$9.1t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م95.7b

Provides various telecommunication solutions in Morocco and internationally.

KT&G

Market Cap: ₩15.1t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Dino Polska

Market Cap: zł37.1b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Buzzi

Market Cap: €8.7b

Manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.

Türkiye Is Bankasi

Market Cap: ₺452.2b

Provides various banking products and services in Turkey.

Webster Financial

Market Cap: US$10.4b

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.

BUA Foods

Market Cap: ₦14.4t

Processes, manufactures, produces, and distributes food materials in Nigeria.

SK Telecom

Market Cap: ₩14.8t

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

Marico

Market Cap: ₹947.9b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Kokusai Electric

Market Cap: JP¥1.6t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

United Spirits

Market Cap: ₹944.7b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Phoenix Group Holdings

Market Cap: UK£7.4b

Operates in the long-term savings and retirement business in Europe.

Bangkok Dusit Medical Services

Market Cap: ฿319.4b

Operates hospitals in Thailand and internationally.

Pilgrim's Pride

Market Cap: US$10.2b

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.

Far EasTone Telecommunications

Market Cap: NT$320.9b

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

Yokohama Financial Group

Market Cap: JP¥1.6t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

BKW

Market Cap: CHF 7.8b

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.

SD Guthrie Berhad

Market Cap: RM 40.1b

Operates as an integrated plantations company in Malaysia and internationally.

Unigroup Guoxin Microelectronics

Market Cap: CN¥70.8b

Unigroup Guoxin Microelectronics Co., Ltd.

Caixa Seguridade Participações

Market Cap: R$52.8b

Provides various life and non-life insurance products in Brazil.

Taiwan Mobile

Market Cap: NT$319.1b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Millicom International Cellular

Market Cap: US$10.2b

Provides cable and mobile services in Latin America.

Chongqing Rural Commercial Bank

Market Cap: HK$79.3b

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

Marks and Spencer Group

Market Cap: UK£7.3b

Operates various retail stores.