Ukrainian Software Defensive Blue Chips

Jentech Precision Industrial

Market Cap: NT$541.4b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

Erste Bank Polska

Market Cap: zł62.7b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Elia Group

Market Cap: €14.7b

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

Zimmer Biomet Holdings

Market Cap: US$16.9b

Operates as a medical technology company worldwide.

Bank Polska Kasa Opieki

Market Cap: zł61.8b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

SDIC Power Holdings

Market Cap: CN¥112.3b

Engages in the electricity generation business in China.

Bank of Beijing

Market Cap: CN¥111.4b

Provides various banking services to individuals and corporates in China.

SCREEN Holdings

Market Cap: JP¥2.6t

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

Hua Xia Bank

Market Cap: CN¥111.2b

Provides commercial banking services in China and Hong Kong.

Eurobank

Market Cap: €14.2b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Performance Food Group

Market Cap: US$16.3b

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

Phison Electronics

Market Cap: NT$510.7b

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

Kansai Electric Power Company

Market Cap: JP¥2.6t

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

Banco de Sabadell

Market Cap: €13.9b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

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.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp282.8t

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

Hua Nan Financial Holdings

Market Cap: NT$501.0b

Provides financial services in Taiwan and internationally.

OmniVision Integrated Circuits Group

Market Cap: CN¥107.0b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

Banco Comercial Português

Market Cap: €13.6b

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

SinoPac Financial Holdings

Market Cap: NT$494.9b

Through its subsidiaries, provides banking services worldwide.

Rambus

Market Cap: US$15.6b

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

JD Health International

Market Cap: HK$121.2b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

ING Bank Slaski

Market Cap: zł56.7b

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

mBank

Market Cap: zł56.6b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ56.4b

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

ASR Nederland

Market Cap: €13.3b

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

Suzhou Centec Communications

Market Cap: CN¥103.7b

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

Powszechny Zaklad Ubezpieczen

Market Cap: zł56.0b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Semtech

Market Cap: US$15.2b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Power Assets Holdings

Market Cap: HK$118.9b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, Canada, mainland China, Netherlands, New Zealand, Thailand, the United States, and internationally.

National Bank of Greece

Market Cap: €13.1b

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

Onto Innovation

Market Cap: US$15.1b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

FinecoBank Banca Fineco

Market Cap: €13.0b

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

African Distillers

Market Cap: US$1.9b

Manufactures, distributes, and markets wines, spirits, ready-to-drink (RTDs), and ciders in Zimbabwe.

Krung Thai Bank

Market Cap: ฿492.7b

Engages in commercial banking business in Thailand and internationally.

LONGi Green Energy Technology

Market Cap: CN¥101.7b

Manufactures and sells monocrystalline silicon wafers, solar modules, and green hydrogen equipment in China, Europe, the Asia Pacific, and the United States.