Russian Software Defensive Blue Chips

Coca-Cola HBC

Market Cap: UK£15.5b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

MTN Group

Market Cap: R337.1b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Hon. Precision

Market Cap: NT$663.9b

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

CK Infrastructure Holdings

Market Cap: HK$163.6b

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.

OmniVision Integrated Circuits Group

Market Cap: CN¥144.1b

OmniVision Integrated Circuits Group, Inc.

Mizrahi Tefahot Bank

Market Cap: ₪64.4b

Provides a range of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and internationally.

Fortum Oyj

Market Cap: €17.4b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Qnity Electronics

Market Cap: US$20.6b

Provides materials and solutions to the semiconductor and electronics industries in the United States, rest of Americas, Europe, the Middle East, Africa, Asia Pacific, China, South Korea, Taiwan, and internationally.

Straumann Holding

Market Cap: CHF 15.9b

Provides tooth replacement and orthodontic solutions worldwide.

Coles Group

Market Cap: AU$29.0b

Operates as a retailer in Australia.

Koninklijke KPN

Market Cap: €17.1b

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

Arca Continental. de

Market Cap: Mex$348.2b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

US Foods Holding

Market Cap: US$20.1b

Engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Grupo Cibest

Market Cap: Col$73.7t

Provides various banking products and services in Colombia and internationally.

Credo Technology Group Holding

Market Cap: US$20.1b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Bank of Shanghai

Market Cap: CN¥138.8b

Provides various banking products and services in China.

LONGi Green Energy Technology

Market Cap: CN¥138.8b

Manufactures and sells photovoltaic products in China, Europe, the Asia Pacific, and the United States.

Bank of Nanjing

Market Cap: CN¥137.9b

Provides various financial products and services in China.

IHH Healthcare Berhad

Market Cap: RM 77.8b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp334.8t

Provides information and communications technology, and telecommunications network services worldwide.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ72.3b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Saudi Awwal Bank

Market Cap: ر.س72.9b

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

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$101.2b

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

Terumo

Market Cap: JP¥3.0t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Bank of Ireland Group

Market Cap: €16.2b

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

Centene

Market Cap: US$18.9b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Alinma Bank

Market Cap: ر.س70.6b

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

Telia Company

Market Cap: SEK 169.3b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

Mega Financial Holding

Market Cap: NT$590.4b

Provides various financial services in Taiwan.

Associated British Foods

Market Cap: UK£13.7b

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

Vodacom Group

Market Cap: R297.4b

Provides communications products and services.

Anhui Conch Cement

Market Cap: CN¥127.9b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Banco de Sabadell

Market Cap: €15.5b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

TS Financial Holding

Market Cap: NT$580.6b

Provides various financial products and services.

Kansai Electric Power Company

Market Cap: JP¥2.9t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Mediobanca Banca di Credito Finanziario

Market Cap: €15.4b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.