Russian Software Defensive Blue Chips

United Spirits

Market Cap: ₹995.8b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Millicom International Cellular

Market Cap: US$11.0b

Provides cable and mobile services in Latin America.

Marks and Spencer Group

Market Cap: UK£8.0b

Operates various retail stores.

Harel Insurance Investments & Financial Services

Market Cap: ₪33.7b

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

Dino Polska

Market Cap: zł38.7b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Bank Albilad

Market Cap: ر.س40.9b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Chiba Bank

Market Cap: JP¥1.7t

Provides banking products and services in Japan and internationally.

Marico

Market Cap: ₹986.1b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Bangkok Dusit Medical Services

Market Cap: ฿338.5b

Operates hospitals in Thailand and internationally.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥75.1b

Beijing E-Town Semiconductor Technology Co., Ltd.

Busy Ming Group

Market Cap: HK$84.9b

Through its subsidiaries, operates as a food and beverage retailer in China.

African Distillers

Market Cap: US$1.4b

Manufactures, distributes, and markets branded wines, spirits, and ciders in Zimbabwe.

American Financial Group

Market Cap: US$10.8b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Molson Coors Beverage

Market Cap: US$10.7b

Manufactures, markets, and sells beer and other malt beverage products in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

KT

Market Cap: ₩15.6t

Provides integrated telecommunications and platform services in South Korea, rest of Asia, and internationally.

Assurant

Market Cap: US$10.7b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

J Sainsbury

Market Cap: UK£7.8b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Bank of the Philippine Islands

Market Cap: ₱618.7b

Provides various financial products and services to retail and corporate clients in the Philippines.

Onto Innovation

Market Cap: US$10.7b

Engages in the design, development, manufacture, and support of process control tools that performs optical metrology and inspection worldwide.

Tongfu MicroelectronicsLtd

Market Cap: CN¥73.6b

Provides integrated circuit (IC) encapsulation test services in China and internationally.

BUA Foods

Market Cap: ₦14.4t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Tsingtao Brewery

Market Cap: CN¥73.4b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Shizuoka Financial GroupInc

Market Cap: JP¥1.6t

Provides various banking products and services.

Global Unichip

Market Cap: NT$331.7b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Far EasTone Telecommunications

Market Cap: NT$331.4b

Engages in the provision of telecommunications and digital application services in Taiwan.

Safaricom

Market Cap: KSh1.4t

Provides telecommunication services in Kenya and Ethiopia.

Akbank T.A.S

Market Cap: ₺461.2b

Provides various banking products and services in Turkey and internationally.

ICICI Lombard General Insurance

Market Cap: ₹954.5b

Provides various general insurance products and services in India.

Suzhou Centec Communications

Market Cap: CN¥72.8b

Engages in the research and development of ethernet switch chips and supporting products in China and internationally.

Caixa Seguridade Participações

Market Cap: R$54.8b

Provides various life and non-life insurance products in Brazil.

Chongqing Rural Commercial Bank

Market Cap: HK$81.9b

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

Alpha Bank

Market Cap: €8.8b

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

KGI Financial Holding

Market Cap: NT$326.8b

Engages in the commercial banking, securities, venture capital, and insurance businesses in Taiwan and internationally.

Shree Cement

Market Cap: ₹942.8b

Engages in the manufacture and sale of cement and clinker in India and internationally.

Old Republic International

Market Cap: US$10.4b

Through its subsidiaries, provides insurance underwriting and related services primarily in the United States and Canada.

Rambus

Market Cap: US$10.3b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.