Ugandan Software Defensive Blue Chips

Tenet Healthcare

Market Cap: US$15.4b

Operates as a diversified healthcare services company in the United States.

Bank of Baroda

Market Cap: ₹1.5t

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

Krung Thai Bank

Market Cap: ฿499.6b

Engages in commercial banking business in Thailand and internationally.

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.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ56.2b

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

Power Assets Holdings

Market Cap: HK$119.8b

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.

Brookfield Wealth Solutions

Market Cap: US$15.2b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Tongfu MicroelectronicsLtd

Market Cap: CN¥102.0b

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

Semtech

Market Cap: US$15.1b

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

BAWAG Group

Market Cap: €12.9b

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

ageas

Market Cap: €12.9b

Engages in insurance business.

Mapfre

Market Cap: €12.8b

Engages in insurance, reinsurance, and financial activities in Spain.

Kasikornbank

Market Cap: ฿482.0b

Provides commercial banking products and services in Thailand and internationally.

First Financial Holding

Market Cap: NT$467.3b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Banco de Crédito e Inversiones

Market Cap: CL$13.1t

Provides various banking products and services in Chile, the United States, and Peru.

James Hardie Industries

Market Cap: AU$20.9b

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

Rede D'Or São Luiz

Market Cap: R$74.9b

Engages in the provision of hospital services in Brazil.

SCB X

Market Cap: ฿478.1b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Unum Group

Market Cap: US$14.7b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Telecom Italia

Market Cap: €12.6b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

LONGi Green Energy Technology

Market Cap: CN¥98.8b

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

Grupo Financiero Inbursa. de

Market Cap: Mex$251.4b

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

BB Seguridade Participações

Market Cap: R$74.1b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

WH Group

Market Cap: HK$113.9b

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

China Resources Microelectronics

Market Cap: CN¥98.0b

Engages in the manufacture and sale of semiconductors in China and internationally.

Sonova Holding

Market Cap: CHF 11.5b

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.

Pinnacle Financial Partners

Market Cap: US$14.5b

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.

JD Health International

Market Cap: HK$113.2b

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

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ52.8b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

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

Market Cap: ر.ق52.1b

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

African Distillers

Market Cap: US$1.8b

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

Dangote Cement

Market Cap: ₦19.3t

Engages in the preparation, manufacturing, distribution, and sale of cement and related products in Nigeria.

T&D Holdings

Market Cap: JP¥2.3t

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

Phoenix Financial

Market Cap: ₪41.2b

Operates as a financial services company in Israel.

Admiral Group

Market Cap: UK£10.5b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

Beijing YanDong MicroElectronic

Market Cap: CN¥95.0b

Beijing YanDong MicroElectronic Co., Ltd.