Filipino Software Defensive Blue Chips

Santander Bank Polska

Market Cap: zł57.2b

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

East West Bancorp

Market Cap: US$15.9b

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.

Bank Polska Kasa Opieki

Market Cap: zł56.6b

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

Saudi Electricity

Market Cap: ر.س59.2b

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

Wilmar International

Market Cap: S$20.2b

Operates as an agribusiness company in the People's Republic of China, South East Asia, India, Europe, Australia, New Zealand, Africa, and internationally.

National Bank of Greece

Market Cap: €13.4b

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

Punjab National Bank

Market Cap: ₹1.4t

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

Banco Comercial Português

Market Cap: €13.3b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

Shanghai United Imaging Healthcare

Market Cap: CN¥108.3b

Shanghai United Imaging Healthcare Co., Ltd.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥107.2b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

Raiffeisen Bank International

Market Cap: €13.1b

Offers banking services to corporate, private, and institutional customers.

Hippo Valley Estates

Market Cap: US$2.0b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Metro

Market Cap: CA$21.1b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Canara Bank

Market Cap: ₹1.4t

Provides various banking products and services in India and internationally.

Pinnacle Financial Partners

Market Cap: US$15.3b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

SDIC Power Holdings

Market Cap: CN¥106.5b

Engages in the electricity generation business in China.

Xi'an ESWIN Material Technology

Market Cap: CN¥106.4b

Xi'an ESWIN Material Technology Co., Ltd.

Huaneng Power International

Market Cap: HK$119.1b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Tryg

Market Cap: DKK 97.2b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Asahi Group Holdings

Market Cap: JP¥2.4t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Jerónimo Martins SGPS

Market Cap: €13.0b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Grupo Financiero Inbursa. de

Market Cap: Mex$265.3b

Provides various financial products and services to individuals and businesses in Mexico.

Telecom Italia

Market Cap: €12.9b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

Performance Food Group

Market Cap: US$15.0b

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

Tower Semiconductor

Market Cap: US$15.0b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Wens Foodstuff Group

Market Cap: CN¥104.5b

Operates as an agricultural and animal husbandry company in China.

Aier Eye Hospital Group

Market Cap: CN¥103.9b

Operates as a ophthalmology chain medical company in China, Hong Kong, Europe, the United States, and Southeast Asia.

SCB X

Market Cap: ฿464.7b

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

Winbond Electronics

Market Cap: NT$470.3b

Engages in the design, development, manufacture, and marketing of very large scale integration integrated circuits (ICs) for various microelectronic applications in Asia, the Americas, Europe, and internationally.

Bankinter

Market Cap: €12.6b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

Ambuja Cements

Market Cap: ₹1.4t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Hua Xia Bank

Market Cap: CN¥102.5b

Provides commercial banking services in China and Hong Kong.

Piotech

Market Cap: CN¥102.3b

Engages in the research and development, production, sales, and technical services of high-end semiconductor special equipment in China.

ASR Nederland

Market Cap: €12.5b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Hua Nan Financial Holdings

Market Cap: NT$462.7b

Provides financial services in Taiwan and internationally.