Filipino Software Defensive Blue Chips

bioMérieux

Market Cap: €10.6b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Indus Towers

Market Cap: ₹1.2t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

CPFL Energia

Market Cap: R$62.0b

Through its subsidiaries, operates as an energy company in Brazil.

Globus Medical

Market Cap: US$12.4b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

Technoprobe

Market Cap: €10.5b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

OPC Energy

Market Cap: ₪37.4b

Engages in the development, construction, operation, generation, and supply of electricity and energy in Israel.

Onto Innovation

Market Cap: US$12.3b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

Suncorp Group

Market Cap: AU$17.3b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

BJ's Wholesale Club Holdings

Market Cap: US$12.1b

Operates membership warehouse clubs on the eastern half of the United States.

T&D Holdings

Market Cap: JP¥1.9t

Through its subsidiaries, provides insurance products and services in Japan.

Industrial Bank of Korea

Market Cap: ₩17.8t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Insurance Australia Group

Market Cap: AU$16.9b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Mowi

Market Cap: NOK 113.8b

A seafood company, produces and sells Atlantic salmon products worldwide.

HKT Trust and HKT

Market Cap: HK$93.6b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

James Hardie Industries

Market Cap: AU$16.9b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Mashreqbank PSC

Market Cap: د.إ43.7b

Provides various banking and financial services to individuals and corporates.

Great Eastern Holdings

Market Cap: S$15.1b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Ambuja Cements

Market Cap: ₹1.1t

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

Guangdong Haid Group

Market Cap: CN¥80.7b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Ensign Group

Market Cap: US$11.8b

Provides skilled nursing, senior living, and rehabilitative services.

Taiwan Cooperative Financial Holding

Market Cap: NT$374.0b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

Caixa Seguridade Participações

Market Cap: R$58.8b

Provides insurance products in Brazil and internationally.

Chongqing Rural Commercial Bank

Market Cap: HK$91.8b

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

Piraeus Bank

Market Cap: €10.0b

Provides various banking products and services in Greece, Europe, and internationally.

First Horizon

Market Cap: US$11.7b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Arab National Bank

Market Cap: ر.س43.7b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Smithfield Foods

Market Cap: US$11.6b

Produces various packaged meats and fresh pork products in the United States and internationally.

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Hormel Foods

Market Cap: US$11.6b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Globe Life

Market Cap: US$11.6b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Webster Financial

Market Cap: US$11.6b

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.

MTN Nigeria Communications

Market Cap: ₦15.6t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

Ooredoo Q.P.S.C

Market Cap: ر.ق41.8b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Universal Health Services

Market Cap: US$11.5b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Manila Electric

Market Cap: ₱685.8b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.