Tunisian Software Defensive Blue Chips

Phison Electronics

Market Cap: NT$374.6b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

TIM

Market Cap: R$62.4b

Engages in the telecommunications sector in Brazil.

Great Eastern Holdings

Market Cap: S$14.9b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Globus Medical

Market Cap: US$11.7b

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

Indus Towers

Market Cap: ₹1.1t

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.

HKT Trust and HKT

Market Cap: HK$91.1b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Suzhou Maxwell Technologies

Market Cap: CN¥79.8b

Engages in the design, research and development, production, and sale of solar cell production equipment in China.

Orkla

Market Cap: NOK 112.6b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Ensign Group

Market Cap: US$11.5b

Provides skilled nursing, senior living, and rehabilitative services.

Absa Group

Market Cap: R194.8b

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

Mowi

Market Cap: NOK 111.9b

A seafood company, produces and sells Atlantic salmon products worldwide.

Manila Electric

Market Cap: ₱687.5b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Almarai

Market Cap: ر.س42.9b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Mashreqbank PSC

Market Cap: د.إ41.7b

Provides various banking and financial services to individuals and corporates.

Universal Health Services

Market Cap: US$11.4b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Amkor Technology

Market Cap: US$11.3b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Harel Insurance Investments & Financial Services

Market Cap: ₪35.4b

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

China Zheshang Bank

Market Cap: HK$88.0b

Provides various commercial banking products and services in Mainland China.

SCREEN Holdings

Market Cap: JP¥1.8t

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

Hippo Valley Estates

Market Cap: US$1.4b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

BAWAG Group

Market Cap: €9.6b

Operates as a holding company for BAWAG P.S.K.

Arab National Bank

Market Cap: ر.س41.7b

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.

Taiwan Cooperative Financial Holding

Market Cap: NT$353.6b

Provides banking, insurance, securities, bills finance, investment trust, asset management, and capital management services in Taiwan.

MPI

Market Cap: NT$352.7b

Manufactures, processes, maintains, imports/exports, and trades in semi-conductor production process and testing equipment in Taiwan, China, Singapore, Korea, the United States, and internationally.

James Hardie Industries

Market Cap: AU$15.7b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Ooredoo Q.P.S.C

Market Cap: ر.ق40.0b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Provides healthcare services in India.

T&D Holdings

Market Cap: JP¥1.7t

Through its subsidiaries, provides insurance products and services in Japan.

King Yuan Electronics

Market Cap: NT$349.7b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Webster Financial

Market Cap: US$10.9b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Jinko Solar

Market Cap: CN¥75.2b

Engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally.

AltaGas

Market Cap: CA$14.9b

Operates as an energy infrastructure company in North America.

Chongqing Rural Commercial Bank

Market Cap: HK$85.1b

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

Sanlam

Market Cap: R184.2b

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

Global Unichip

Market Cap: NT$347.1b

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.

Tata Consumer Products

Market Cap: ₹1.0t

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