Filipino Software Defensive Blue Chips

Smith & Nephew

Market Cap: UK£10.7b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Mashreqbank PSC

Market Cap: د.إ52.2b

Provides various banking and financial services to individuals and corporates.

Everest Group

Market Cap: US$14.2b

Through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺611.1b

Provides various banking products and services in Turkey.

Israel Discount Bank

Market Cap: ₪44.4b

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

WH Group

Market Cap: HK$109.7b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Telecom Italia

Market Cap: €12.1b

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

Hua Nan Financial Holdings

Market Cap: NT$443.3b

Provides financial services in Taiwan and internationally.

Gjensidige Forsikring

Market Cap: NOK 141.4b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Kerry Group

Market Cap: €12.0b

Provides taste and nutrition solutions.

Winbond Electronics

Market Cap: NT$440.1b

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.

Performance Food Group

Market Cap: US$13.9b

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

BE Semiconductor Industries

Market Cap: €11.9b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Union Bank of India

Market Cap: ₹1.2t

Provides banking products and services in India.

Woori Financial Group

Market Cap: ₩20.0t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Zegona Communications

Market Cap: UK£10.2b

Provides integrated telecommunications services in Spain.

Tokyo GasLtd

Market Cap: JP¥2.1t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Uni-President Enterprises

Market Cap: NT$427.9b

Produces and sells food products in Taiwan and internationally.

Vodafone Idea

Market Cap: ₹1.2t

Provides mobile telecommunication services in India.

First Financial Holding

Market Cap: NT$427.1b

Through its subsidiaries, provides various financial products and services in Taiwan, Asia, America, Europe, Oceania, and internationally.

Jiangsu Yanghe Distillery

Market Cap: CN¥94.3b

Offers liquors and wines.

Samsung Fire & Marine Insurance

Market Cap: ₩19.7t

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

Unum Group

Market Cap: US$13.4b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

ACM Research (Shanghai)

Market Cap: CN¥93.7b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Osaka Gas

Market Cap: JP¥2.1t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Helvetia Baloise Holding

Market Cap: CHF 10.7b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Reinsurance Group of America

Market Cap: US$13.3b

Provides reinsurance and financial solutions.

Etihad Etisalat

Market Cap: ر.س49.8b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Ryan Specialty Holdings

Market Cap: US$13.3b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Celsius Holdings

Market Cap: US$13.2b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Budweiser Brewing Company APAC

Market Cap: HK$102.8b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, and internationally.

Tower Semiconductor

Market Cap: US$13.2b

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

ageas

Market Cap: €11.3b

Engages in insurance business.

Origin Energy

Market Cap: AU$19.5b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Sanlam

Market Cap: R213.7b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Fisher & Paykel Healthcare

Market Cap: NZ$22.6b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.