Polish Software Defensive Blue Chips

BOC Hong Kong (Holdings)

Market Cap: HK$480.2b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

Saudi National Bank

Market Cap: ر.س228.4b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Sempra

Market Cap: US$60.8b

Engages in the regulated utilities business in the United States and Mexico.

Crédit Agricole

Market Cap: €53.2b

Provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan.

Teradyne

Market Cap: US$59.4b

Engages in the design, development, manufacture, and sale of automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

STMicroelectronics

Market Cap: €51.8b

Designs, develops, manufactures, and sells semiconductor products in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥400.8b

Advanced Micro-Fabrication Equipment Inc.

Alimentation Couche-Tard

Market Cap: CA$83.5b

Operates and licenses convenience stores in North America, Europe, and Asia.

Nongfu Spring

Market Cap: HK$458.4b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

MetLife

Market Cap: US$58.2b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Cencora

Market Cap: US$58.1b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Great-West Lifeco

Market Cap: CA$82.4b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Saudi Telecom

Market Cap: ر.س216.2b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Target

Market Cap: US$57.3b

Operates as a general merchandise retailer in the United States.

E.ON

Market Cap: €49.8b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.4t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

China CITIC Bank

Market Cap: CN¥383.9b

Provides various banking products and services in the People’s Republic of China and internationally.

Cardinal Health

Market Cap: US$55.6b

Operates as a healthcare services and products company in the United States and internationally.

United Overseas Bank

Market Cap: S$71.5b

Provides banking products and services worldwide.

Singapore Telecommunications

Market Cap: S$71.4b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

Fubon Financial Holding

Market Cap: NT$1.8t

Provides various financial products and services in Taiwan, Asia, and internationally.

Edwards Lifesciences

Market Cap: US$54.8b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

KBC Group

Market Cap: €48.0b

Provides banking, insurance, and asset management services in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Danone

Market Cap: €47.4b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Industrial Bank

Market Cap: CN¥364.2b

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

First Abu Dhabi Bank P.J.S.C

Market Cap: د.إ196.6b

Provides various banking products and services in the United Arab Emirates, Europe, Arab countries, the Americas, Asia, and internationally.

Emirates NBD Bank PJSC

Market Cap: د.إ195.8b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

Hua Hong Grace Semiconductor

Market Cap: HK$416.2b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, and Europe.

Vistra

Market Cap: US$53.0b

Operates as an integrated retail electricity and power generation company in the United States.

Fifth Third Bancorp

Market Cap: US$52.5b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.

Erste Group Bank

Market Cap: €46.0b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Entergy

Market Cap: US$52.1b

Engages in the production and retail distribution of electricity in the United States.

Renesas Electronics

Market Cap: JP¥8.5t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Holcim

Market Cap: CHF 42.0b

Provides building materials and solutions in Europe, Latin America, and Asia, Middle East, and Africa.

SJ Semiconductor

Market Cap: CN¥350.8b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

Loblaw Companies

Market Cap: CA$71.6b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.