Filipino Software Defensive Blue Chips

Banco Comercial Português

Market Cap: €15.4b

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

Nexchip Semiconductor (China)

Market Cap: CN¥119.2b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

Performance Food Group

Market Cap: US$17.6b

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

Wilmar International

Market Cap: S$22.7b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Erste Bank Polska

Market Cap: zł65.8b

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

Banco de Sabadell

Market Cap: €15.3b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Vodacom Group

Market Cap: R285.7b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

CEMEX. de

Market Cap: Mex$304.2b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Eurobank

Market Cap: €15.2b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Mizrahi Tefahot Bank

Market Cap: ₪51.7b

Provides various banking services in Israel and internationally.

Chongqing Genori Technology

Market Cap: CN¥115.3b

Manufactures core components and materials.

Luzhou LaojiaoLtd

Market Cap: CN¥114.8b

Produces and sells alcoholic products in China and internationally.

Elia Group

Market Cap: €14.8b

Develops and operates as a transmission system operator in Belgium and Germany.

Beijing YanDong MicroElectronic

Market Cap: CN¥114.0b

Beijing YanDong MicroElectronic Co., Ltd.

Samsung Fire & Marine Insurance

Market Cap: ₩25.9t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

E.SUN Financial Holding Company

Market Cap: NT$532.1b

Offers various financial banking products and services in Taiwan.

Zimmer Biomet Holdings

Market Cap: US$16.7b

Operates as a medical technology company worldwide.

GlobalWafers

Market Cap: NT$528.3b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

Tongfu MicroelectronicsLtd

Market Cap: CN¥112.2b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

Kokusai Electric

Market Cap: JP¥2.7t

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

Tenet Healthcare

Market Cap: US$16.1b

Operates as a diversified healthcare services company in the United States.

Bank Polska Kasa Opieki

Market Cap: zł60.6b

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

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.

Hua Nan Financial Holdings

Market Cap: NT$510.8b

Provides financial services in Taiwan and internationally.

Nova

Market Cap: US$16.0b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Krung Thai Bank

Market Cap: ฿531.1b

Engages in commercial banking business in Thailand and internationally.

SDIC Power Holdings

Market Cap: CN¥107.2b

Engages in the electricity generation business in China.

Phison Electronics

Market Cap: NT$501.9b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Airtel Africa

Market Cap: UK£11.8b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

National Bank of Greece

Market Cap: €13.8b

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

Bank of Hangzhou

Market Cap: CN¥106.3b

Provides various banking products and services in China.

Beijing Huafeng Test & Control TechnologyLtd

Market Cap: CN¥106.2b

Beijing Huafeng Test & Control Technology Co.,Ltd.

Jentech Precision Industrial

Market Cap: NT$498.9b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Huaneng Power International

Market Cap: HK$122.1b

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

Kansai Electric Power Company

Market Cap: JP¥2.5t

Engages in electricity, heat supply, telecommunication, and gas supply in Japan.

Power Assets Holdings

Market Cap: HK$121.7b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.