Portuguese Software Defensive Blue Chips

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫514.7t

Provides banking products and services in Vietnam.

Koninklijke KPN

Market Cap: €16.8b

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

Bank of Ireland Group

Market Cap: €16.7b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Varun Beverages

Market Cap: ₹1.8t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Bank of Shanghai

Market Cap: CN¥130.4b

Provides various banking products and services in China.

SiTime

Market Cap: US$19.3b

Engages in the design, development, and sale of silicon timing systems solutions in Hong Kong, Taiwan, the United States, Singapore, and internationally.

Raiffeisen Bank International

Market Cap: €16.5b

Offers banking services to corporate, retail, and institutional customers.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$96.6b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Saudi Energy

Market Cap: ر.س71.5b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

IHH Healthcare Berhad

Market Cap: RM 76.8b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Adani Energy Solutions

Market Cap: ₹1.8t

Generates, transmits, and distributes power in India.

Enpara Bank

Market Cap: ₺874.5b

Provides banking services and products in Turkey.

CEMEX. de

Market Cap: Mex$324.1b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

NMBZ Holdings

Market Cap: US$2.4b

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

CK Infrastructure Holdings

Market Cap: HK$147.6b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Straumann Holding

Market Cap: CHF 14.9b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

Federal Home Loan Mortgage

Market Cap: US$18.7b

Operates in the secondary mortgage market in the United States.

SBI Life Insurance

Market Cap: ₹1.8t

Operates as a private life insurance company in India.

Samsung Fire & Marine Insurance

Market Cap: ₩28.1t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Pernod Ricard

Market Cap: €16.0b

Produces and sells wines and spirits worldwide.

Nova

Market Cap: US$18.5b

Engages in the design, development, production, and sale of process control systems used in the manufacture of semiconductors in Taiwan, the United States, China, Korea, and internationally.

Saudi Awwal Bank

Market Cap: ر.س69.2b

Provides banking and financial services in the Kingdom of Saudi Arabia.

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥124.7b

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

Mizrahi Tefahot Bank

Market Cap: ₪53.6b

Provides various banking services in Israel and internationally.

Luzhou LaojiaoLtd

Market Cap: CN¥124.6b

Produces and sells alcoholic products in China and internationally.

Associated British Foods

Market Cap: UK£13.6b

Engages in the food, ingredients, and retail businesses worldwide.

Airtel Africa

Market Cap: UK£13.5b

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

East West Bancorp

Market Cap: US$18.2b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Vodacom Group

Market Cap: R290.7b

Provides communications products and services.

Erste Bank Polska

Market Cap: zł65.3b

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

Jentech Precision Industrial

Market Cap: NT$562.7b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

E.SUN Financial Holding Company

Market Cap: NT$560.4b

Offers various financial banking products and services in Taiwan.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$138.6b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

SCREEN Holdings

Market Cap: JP¥2.8t

Develops, manufactures, and markets semiconductor production equipment in Japan, Taiwan, South Korea, China, the United States, Europe, and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 78.7b

Produces and supplies electricity from hydroelectric and wind sources in Romania.