Polish Software Defensive Blue Chips

Chiba Bank

Market Cap: JP¥1.8t

Provides banking products and services in Japan and internationally.

National Silicon Industry Group

Market Cap: CN¥74.9b

National Silicon Industry Group Co., Ltd.

Chongqing Rural Commercial Bank

Market Cap: HK$86.8b

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

Globus Medical

Market Cap: US$11.1b

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

Realtek Semiconductor

Market Cap: NT$359.3b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Busy Ming Group

Market Cap: HK$86.3b

Through its subsidiaries, operates as a food and beverage retailer in China.

Popular

Market Cap: US$11.0b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

Ooredoo Q.P.S.C

Market Cap: ر.ق40.0b

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

BDO Unibank

Market Cap: ₱669.6b

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

Bangkok Bank

Market Cap: ฿364.6b

Provides various commercial banking products and services in Thailand and internationally.

Onto Innovation

Market Cap: US$10.9b

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.

Indus Towers

Market Cap: ₹1.0t

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.

Italgas

Market Cap: €9.4b

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

Alpha Bank

Market Cap: €9.4b

Provides various banking and financial products and services in Greece and internationally.

Sanlam

Market Cap: R178.9b

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

Smithfield Foods

Market Cap: US$10.8b

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

Wintrust Financial

Market Cap: US$10.7b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Maplebear

Market Cap: US$10.7b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Old Republic International

Market Cap: US$10.7b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.

Orkla

Market Cap: NOK 101.8b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Taiwan Mobile

Market Cap: NT$345.5b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Amkor Technology

Market Cap: US$10.6b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

China Resources Microelectronics

Market Cap: CN¥71.4b

Engages in the manufacture and sale of semiconductors in China and internationally.

Quebecor

Market Cap: CA$14.8b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Lotus Bakeries

Market Cap: €9.2b

Provides various snack products in Belgium and internationally.

Ensign Group

Market Cap: US$10.5b

Provides skilled nursing, senior living, and rehabilitative services.

Cullen/Frost Bankers

Market Cap: US$10.5b

Operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

J Sainsbury

Market Cap: UK£7.8b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Discovery

Market Cap: R173.7b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Molina Healthcare

Market Cap: US$10.4b

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.

Shizuoka Financial GroupInc

Market Cap: JP¥1.7t

Provides various banking products and services.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫271.2t

Provides various banking products and services in Vietnam and internationally.

SouthState Bank

Market Cap: US$10.3b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

China Taiping Insurance Holdings

Market Cap: HK$80.2b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

Old National Bancorp

Market Cap: US$10.2b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.