Vietnamese Software Defensive Blue Chips

Saudi Energy

Market Cap: ر.س64.1b

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

Associated British Foods

Market Cap: UK£12.7b

Engages in the food, ingredients, and retail businesses worldwide.

Anhui Conch Cement

Market Cap: CN¥116.8b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

BE Semiconductor Industries

Market Cap: €14.6b

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

Hologic

Market Cap: US$16.9b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

SDIC Power Holdings

Market Cap: CN¥115.8b

Engages in the electricity generation business in China.

Power Assets Holdings

Market Cap: HK$130.8b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

JBS

Market Cap: US$16.7b

Operates as a protein and food company worldwide.

Vodacom Group

Market Cap: R284.6b

Provides communications products and services.

Bank of Beijing

Market Cap: CN¥114.2b

Provides various banking services to individuals and corporates in China.

Federal Home Loan Mortgage

Market Cap: US$16.5b

Operates in the secondary mortgage market in the United States.

Hua Xia Bank

Market Cap: CN¥113.2b

Provides commercial banking services in China and Hong Kong.

NMBZ Holdings

Market Cap: US$2.1b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Rede D'Or São Luiz

Market Cap: R$85.7b

Engages in the provision of hospital services in Brazil.

Straumann Holding

Market Cap: CHF 12.8b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

Wens Foodstuff Group

Market Cap: CN¥111.9b

Operates as an agricultural and animal husbandry company in China.

Unipol Assicurazioni

Market Cap: €13.9b

Provides insurance products and services primarily in Italy.

Centene

Market Cap: US$16.1b

Operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States.

Elia Group

Market Cap: €13.9b

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

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.

Insulet

Market Cap: US$16.0b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

E.SUN Financial Holding Company

Market Cap: NT$510.3b

Offers various financial banking products and services in Taiwan.

Woori Financial Group

Market Cap: ₩23.6t

Operates as a bank which provides various financial services in Korea, China, the United States, the United Kingdom, Japan, and internationally.

VeriSilicon Microelectronics (Shanghai)

Market Cap: CN¥108.3b

Provides platform-based custom silicon and semiconductor IP licensing services in China and internationally.

BIWIN Storage Technology

Market Cap: CN¥108.1b

Engages in the research and development, design, packaging, testing, production, and sales of semiconductor memory.

Santander Bank Polska

Market Cap: zł57.7b

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

Telecom Italia

Market Cap: €13.4b

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

Huaneng Power International

Market Cap: HK$121.6b

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

WH Group

Market Cap: HK$120.7b

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

Mediobanca Banca di Credito Finanziario

Market Cap: €13.3b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

CEMEX. de

Market Cap: Mex$274.0b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 67.3b

Produces and supplies hydro, wind, and energy electricity in Romania.

Osaka Gas

Market Cap: JP¥2.4t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Tokyo GasLtd

Market Cap: JP¥2.4t

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

Banco Santander-Chile

Market Cap: CL$13.8t

Provides commercial and retail banking products and services in Chile.

SCB X

Market Cap: ฿489.9b

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