Polish Software Defensive Blue Chips

Telia Company

Market Cap: SEK 160.2b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Koninklijke KPN

Market Cap: €15.1b

Provides telecommunications and information technology (IT) services in the Netherlands.

Kansai Electric Power Company

Market Cap: JP¥2.8t

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

Airtel Africa

Market Cap: UK£13.0b

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

Anhui Conch Cement

Market Cap: CN¥123.1b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Eurobank

Market Cap: €14.7b

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

JBS

Market Cap: US$17.3b

Operates as a protein and food company worldwide.

E.SUN Financial Holding Company

Market Cap: NT$544.3b

Offers various financial banking products and services in Taiwan.

Zimmer Biomet Holdings

Market Cap: US$17.2b

Operates as a medical technology company worldwide.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥119.2b

China Three Gorges Renewables (Group) Co.,Ltd.

Banco Santander-Chile

Market Cap: CL$14.8t

Provides commercial and retail banking products and services in Chile.

Sonova Holding

Market Cap: CHF 13.1b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Powszechny Zaklad Ubezpieczen

Market Cap: zł59.4b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Zegona Communications

Market Cap: UK£12.3b

Provides integrated telecommunications services in Spain.

NMBZ Holdings

Market Cap: US$2.2b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥116.6b

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

HDFC Life Insurance

Market Cap: ₹1.5t

Provides individual and group insurance solutions in India.

Talen Energy

Market Cap: US$16.7b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Hologic

Market Cap: US$16.7b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Bank of Baroda

Market Cap: ₹1.5t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Tenet Healthcare

Market Cap: US$16.6b

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

Mediobanca Banca di Credito Finanziario

Market Cap: €13.9b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

Wilmar International

Market Cap: S$20.9b

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

MACOM Technology Solutions Holdings

Market Cap: US$16.4b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

BE Semiconductor Industries

Market Cap: €13.8b

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

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق59.7b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Power Assets Holdings

Market Cap: HK$127.3b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

McCormick

Market Cap: US$16.3b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Banco de Crédito e Inversiones

Market Cap: CL$14.0t

Provides various banking products and services in Chile, United States, and Peru.

Bank of Hangzhou

Market Cap: CN¥112.9b

Provides various banking products and services for individuals, corporate, and small and micro businesses in China.

Winbond Electronics

Market Cap: NT$508.5b

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.

Santander Bank Polska

Market Cap: zł57.0b

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

Zimre Holdings

Market Cap: US$2.1b

Provides insurance, reinsurance, reassurance, and property management and development services in Zimbabwe, Botswana, Malawi, Mozambique, and Zambia.

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.

Bank of Beijing

Market Cap: CN¥111.4b

Provides various banking services to individuals and corporates in China.