Polish Software Defensive Blue Chips

Molina Healthcare

Market Cap: US$12.1b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

Dairibord Holdings

Market Cap: US$1.6b

Manufactures, processes, markets, and distributes milk, food, and beverage products in Zimbabwe.

J. M. Smucker

Market Cap: US$12.1b

Manufactures and markets branded food and beverage products worldwide.

KINGSEMI

Market Cap: CN¥81.8b

Engages in the research and development, production, sales, and service provision of semiconductor fabrication equipment in China and internationally.

Brown-Forman

Market Cap: US$12.0b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Great Eastern Holdings

Market Cap: S$15.5b

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

Tele2

Market Cap: SEK 115.6b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

MTN Nigeria Communications

Market Cap: ₦16.4t

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

Shenyang Fortune Precision Equipment

Market Cap: CN¥80.9b

Shenyang Fortune Precision Equipment Co., Ltd.

SK Telecom

Market Cap: ₩17.9t

Engages in the provision of wireless telecommunication services in South Korea.

American Financial Group

Market Cap: US$11.9b

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

Bank of Chengdu

Market Cap: CN¥80.7b

Provides various banking products and services in China.

Chiba Bank

Market Cap: JP¥1.9t

Provides banking products and services in Japan and internationally.

Coca-Cola Consolidated

Market Cap: US$11.8b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Baxter International

Market Cap: US$11.8b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Semtech

Market Cap: US$11.8b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥80.0b

Henan Shuanghui Investment & Development Co.,Ltd.

JoulWatt Technology

Market Cap: CN¥79.7b

Engages in the research and development, and sale of analog integrated circuits in China.

Turkiye Garanti Bankasi

Market Cap: ₺547.7b

Provides various banking products and services in Turkey.

Italgas

Market Cap: €10.2b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

GAIL (India)

Market Cap: ₹1.1t

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

Saputo

Market Cap: CA$16.5b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

King Yuan Electronics

Market Cap: NT$373.5b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Jerónimo Martins SGPS

Market Cap: €10.2b

Operates in the food distribution sector in Portugal, Poland, Colombia, Slovakia, and internationally.

Olympus

Market Cap: JP¥1.9t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫304.3t

Provides various banking products and services in Vietnam and internationally.

HKT Trust and HKT

Market Cap: HK$90.5b

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.

Ooredoo Q.P.S.C

Market Cap: ر.ق42.0b

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

Sanan OptoelectronicsLtd

Market Cap: CN¥78.4b

Engages in the research, development, production, and sale of compound semiconductor materials and devices in China and internationally.

China Resources Power Holdings

Market Cap: HK$90.2b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Canara Bank

Market Cap: ₹1.1t

Provides various banking products and services in India and internationally.

Rambus

Market Cap: US$11.5b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Hangzhou Silan Microelectronics

Market Cap: CN¥77.8b

Engages in the research, design, development, production, and sale of electronic components in China.

Marico

Market Cap: ₹1.1t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

United Nova TechnologyLtd

Market Cap: CN¥77.5b

Manufactures and markets power discrete and modules in China and internationally.

Sanlam

Market Cap: R186.9b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.