Lithuanian Software Defensive Blue Chips

China Zheshang Bank

Market Cap: HK$85.2b

Provides various commercial banking products and services in Mainland China.

Magnum Ice Cream

Market Cap: €9.2b

Engages in ice cream business.

China Resources Beer (Holdings)

Market Cap: HK$85.1b

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

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Provides healthcare services in India.

Guobo Electronics

Market Cap: CN¥75.5b

Engages in the research and development, production, and sale of active phased array transmitter and receiver components and radio frequency integrated circuit related products in China.

SK Telecom

Market Cap: ₩15.4t

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

American Financial Group

Market Cap: US$10.7b

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

ASPEED Technology

Market Cap: NT$335.7b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

SBI Shinsei Bank

Market Cap: JP¥1.6t

Provides banking and financial products and services to individual customers, corporations, public-sector entities, and financial institutions in Japan.

National Silicon Industry Group

Market Cap: CN¥74.1b

National Silicon Industry Group Co., Ltd.

Bank Albilad

Market Cap: ر.س39.9b

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

Türkiye Is Bankasi

Market Cap: ₺462.2b

Provides various banking products and services in Turkey.

Shree Cement

Market Cap: ₹973.6b

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.

United Spirits

Market Cap: ₹967.5b

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

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.

Dino Polska

Market Cap: zł36.8b

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

Millicom International Cellular

Market Cap: US$10.4b

Provides cable and mobile services in Latin America.

BUA Foods

Market Cap: ₦14.4t

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

Itissalat Al-Maghrib (IAM)

Market Cap: د.م94.1b

Provides various telecommunication solutions in Morocco and internationally.

Marico

Market Cap: ₹948.3b

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

Pilgrim's Pride

Market Cap: US$10.3b

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.

Buzzi

Market Cap: €8.7b

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

Tsingtao Brewery

Market Cap: CN¥71.5b

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

SD Guthrie Berhad

Market Cap: RM 40.4b

Operates as an integrated plantations company in Malaysia and internationally.

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.

Bangkok Dusit Medical Services

Market Cap: ฿319.4b

Operates hospitals in Thailand and internationally.

Far EasTone Telecommunications

Market Cap: NT$320.2b

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

SouthState Bank

Market Cap: US$10.2b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Unigroup Guoxin Microelectronics

Market Cap: CN¥70.7b

Unigroup Guoxin Microelectronics Co., Ltd.

Phoenix Group Holdings

Market Cap: UK£7.4b

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

Enel Américas

Market Cap: CL$8.9t

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

Taiwan Mobile

Market Cap: NT$319.1b

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

Baxter International

Market Cap: US$10.1b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Max Healthcare Institute

Market Cap: ₹931.2b

Provides medical and healthcare services in India.