Turkish Software Defensive Blue Chips

Saudi Electricity

Market Cap: ر.س60.0b

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

Unipol Assicurazioni

Market Cap: €13.5b

Provides insurance products and services primarily in Italy.

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.

Cooper Companies

Market Cap: US$15.9b

Develops, manufactures, and markets contact lens wearers.

Airtel Africa

Market Cap: UK£11.6b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Talen Energy

Market Cap: US$15.9b

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

Elia Group

Market Cap: €13.3b

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

Zimre Holdings

Market Cap: US$2.0b

Provides insurance, reinsurance, reassurance, and property management and development services in Zimbabwe, Botswana, Malawi, Mozambique, and Zambia.

Bank of Baroda

Market Cap: ₹1.4t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

East West Bancorp

Market Cap: US$15.7b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Phison Electronics

Market Cap: NT$495.3b

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

Turkiye Garanti Bankasi

Market Cap: ₺677.5b

Provides various banking products and services in Turkey.

BE Semiconductor Industries

Market Cap: €13.0b

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

Bankinter

Market Cap: €13.0b

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

Xi'an ESWIN Material Technology

Market Cap: CN¥106.2b

Xi'an ESWIN Material Technology Co., Ltd.

Woori Financial Group

Market Cap: ₩22.1t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Shanghai United Imaging Healthcare

Market Cap: CN¥106.0b

Shanghai United Imaging Healthcare Co., Ltd.

Punjab National Bank

Market Cap: ₹1.4t

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

Asahi Group Holdings

Market Cap: JP¥2.4t

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

Tower Semiconductor

Market Cap: US$15.2b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Grupo Financiero Inbursa. de

Market Cap: Mex$264.3b

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

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

Telecom Italia

Market Cap: €12.7b

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

WH Group

Market Cap: HK$117.8b

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

Tokyo GasLtd

Market Cap: JP¥2.3t

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

Performance Food Group

Market Cap: US$15.0b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Wens Foodstuff Group

Market Cap: CN¥103.8b

Operates as an agricultural and animal husbandry company in China.

Jerónimo Martins SGPS

Market Cap: €12.5b

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

ASR Nederland

Market Cap: €12.5b

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

Aier Eye Hospital Group

Market Cap: CN¥102.9b

Operates as a ophthalmology chain medical company in China, Hong Kong, Europe, the United States, and Southeast Asia.

Erie Indemnity

Market Cap: US$14.8b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫378.5t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Fidelity National Financial

Market Cap: US$14.8b

Provides various insurance products in the United States.

SDIC Power Holdings

Market Cap: CN¥102.1b

Engages in the electricity generation business in China.

Tryg

Market Cap: DKK 92.1b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Huaneng Power International

Market Cap: HK$114.0b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.