Polish Software Defensive Blue Chips

Tata Consumer Products

Market Cap: ₹1.2t

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

Shanghai Rural Commercial Bank

Market Cap: CN¥90.3b

Engages in commercial banking business in China.

BB Seguridade Participações

Market Cap: R$69.6b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

CNA Financial

Market Cap: US$12.8b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Krung Thai Bank

Market Cap: ฿401.8b

Engages in commercial banking business in Thailand and internationally.

GD Power DevelopmentLtd

Market Cap: CN¥89.5b

Operates as a power generation company in China.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.7b

Produces and supplies hydro, wind, and energy electricity in Romania.

Fisher & Paykel Healthcare

Market Cap: NZ$22.1b

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

RenaissanceRe Holdings

Market Cap: US$12.8b

Provides reinsurance and insurance products in the United States and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$12.8b

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

ING Bank Slaski

Market Cap: zł45.9b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Coca-Cola Consolidated

Market Cap: US$12.7b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Chandra Daya Investasi

Market Cap: Rp212.2t

Operates as an infrastructure investment holding company.

Indus Towers

Market Cap: ₹1.1t

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.

ACM Research (Shanghai)

Market Cap: CN¥88.2b

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

Hormel Foods

Market Cap: US$12.6b

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

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

mBank

Market Cap: zł45.3b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Mowi

Market Cap: NOK 126.5b

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

BDO Unibank

Market Cap: ₱744.1b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Suncorp Group

Market Cap: AU$18.8b

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

Sanlam

Market Cap: R205.7b

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

Admiral Group

Market Cap: UK£9.3b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

True Corporation

Market Cap: ฿390.4b

Provides telecommunications and value-added services in Thailand.

Celsius Holdings

Market Cap: US$12.4b

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

Insurance Australia Group

Market Cap: AU$18.5b

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

CP ALL

Market Cap: ฿385.4b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Penumbra

Market Cap: US$12.3b

Designs, develops, manufactures, and markets medical devices in the United States and internationally.

Kirin Holdings Company

Market Cap: JP¥1.9t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Acciona

Market Cap: €10.4b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Hippo Valley Estates

Market Cap: US$1.6b

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

BJ's Wholesale Club Holdings

Market Cap: US$12.2b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ44.6b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Absa Group

Market Cap: R198.3b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Globus Medical

Market Cap: US$12.1b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.