Russian Software Defensive Blue Chips

Banco Comercial Português

Market Cap: €13.8b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

FinecoBank Banca Fineco

Market Cap: €13.8b

Provides banking, credit, trading and investment services in Italy.

Tokyo GasLtd

Market Cap: JP¥2.5t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Elia Group

Market Cap: €13.7b

Develops and operates as a transmission system operator in Belgium and Germany.

NMBZ Holdings

Market Cap: US$2.1b

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

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق59.4b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Telecom Italia

Market Cap: €13.6b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

Osaka Gas

Market Cap: JP¥2.5t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Talen Energy

Market Cap: US$16.2b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Cooper Companies

Market Cap: US$16.1b

Develops, manufactures, and markets contact lens wearers.

Attijariwafa bank

Market Cap: د.م146.5b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Grupo Financiero Inbursa. de

Market Cap: Mex$275.6b

Provides various financial products and services to individuals and businesses in Mexico.

National Bank of Greece

Market Cap: €13.5b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Asahi Group Holdings

Market Cap: JP¥2.5t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Sonova Holding

Market Cap: CHF 12.2b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Saudi Electricity

Market Cap: ر.س59.2b

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

Bankinter

Market Cap: €13.2b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

BE Semiconductor Industries

Market Cap: €13.2b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

WH Group

Market Cap: HK$122.3b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Punjab National Bank

Market Cap: ₹1.4t

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

Fidelity National Financial

Market Cap: US$15.6b

Provides various insurance products in the United States.

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

Pinnacle Financial Partners

Market Cap: US$15.4b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

ING Bank Slaski

Market Cap: zł54.3b

Provides various banking products and services for retail clients and businesses in Poland.

Winbond Electronics

Market Cap: NT$483.8b

Engages in the design, development, manufacture, and marketing of very large scale integration integrated circuits (ICs) for various microelectronic applications in Asia, the Americas, Europe, and internationally.

Shanghai United Imaging Healthcare

Market Cap: CN¥105.7b

Shanghai United Imaging Healthcare Co., Ltd.

Jerónimo Martins SGPS

Market Cap: €12.9b

Operates in the food distribution and specialized retail sectors in Portugal, Poland, Colombia, and internationally.

Wens Foodstuff Group

Market Cap: CN¥105.7b

Operates as an agricultural and animal husbandry company in China.

Samsung Fire & Marine Insurance

Market Cap: ₩22.2t

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

ASR Nederland

Market Cap: €12.8b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Hua Xia Bank

Market Cap: CN¥105.2b

Provides commercial banking services in China and Hong Kong.

SDIC Power Holdings

Market Cap: CN¥104.8b

Engages in the electricity generation business in China.

Israel Discount Bank

Market Cap: ₪46.8b

Provides various banking and financial services in Israel, Europe, and North America.

Turkiye Garanti Bankasi

Market Cap: ₺660.2b

Provides various banking products and services in Turkey.

Union Bank of India

Market Cap: ₹1.4t

Provides banking products and services in India.