Portuguese Software Defensive Blue Chips

Maplebear

Market Cap: US$11.3b

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

Tata Consumer Products

Market Cap: ₹1.1t

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

Aier Eye Hospital Group

Market Cap: CN¥76.1b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

Insulet

Market Cap: US$11.2b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Arab National Bank

Market Cap: ر.س42.0b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$11.2b

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

Industrial Bank of Korea

Market Cap: ₩16.7t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Hong Leong Bank Berhad

Market Cap: RM 45.3b

Operates as a financial services company in Malaysia and internationally.

UMB Financial

Market Cap: US$11.1b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

Sanlam

Market Cap: R181.6b

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

Shanghai Rural Commercial Bank

Market Cap: CN¥75.2b

Engages in commercial banking business in China.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Harel Insurance Investments & Financial Services

Market Cap: ₪33.5b

Offers insurance and financial services in Israel, Europe, and internationally.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥75.0b

Engages in the generation and sale of electricity in China.

Shizuoka Financial GroupInc

Market Cap: JP¥1.8t

Provides various banking products and services.

Encompass Health

Market Cap: US$11.0b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Quebecor

Market Cap: CA$15.6b

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

Ryan Specialty Holdings

Market Cap: US$11.0b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, Singapore, and internationally.

Ambuja Cements

Market Cap: ₹1.0t

Manufactures, markets, and sells cement and related products to individual home builders, developers, institutional clients, masons, contractors, architects, and construction professionals in India.

BDO Unibank

Market Cap: ₱674.3b

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

Guangdong Haid Group

Market Cap: CN¥74.4b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Bangkok Bank

Market Cap: ฿364.6b

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

Indian Bank

Market Cap: ₹1.0t

Provides various banking products and services.

Wintrust Financial

Market Cap: US$10.9b

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

Dosilicon

Market Cap: CN¥74.0b

Engages in the design, research and development, and sale of semiconductor chips worldwide.

Popular

Market Cap: US$10.8b

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.

Absa Group

Market Cap: R176.3b

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

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.

Globus Medical

Market Cap: US$10.7b

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

Suzhou Everbright Photonics

Market Cap: CN¥72.6b

Engages in the research, development, packaging, and sale of optoelectronic devices and systems in China and internationally.

Taiwan Mobile

Market Cap: NT$342.5b

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

Japan Post Insurance

Market Cap: JP¥1.7t

Engages in the provision of life insurance products and services in Japan.

Orkla

Market Cap: NOK 104.1b

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

Anji Microelectronics Technology (Shanghai)

Market Cap: CN¥71.9b

Researches, develops, manufactures, and sells semiconductor materials in China and internationally.

Zhejiang Zheneng Electric Power

Market Cap: CN¥71.9b

Zhejiang Zheneng Electric Power Co., Ltd.