South African Software Defensive Blue Chips

Associated British Foods

Market Cap: UK£12.6b

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

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.

BE Semiconductor Industries

Market Cap: €14.5b

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

Saudi Energy

Market Cap: ر.س62.3b

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

Anhui Conch Cement

Market Cap: CN¥114.2b

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

Power Assets Holdings

Market Cap: HK$128.8b

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

SDIC Power Holdings

Market Cap: CN¥113.2b

Engages in the electricity generation business in China.

MACOM Technology Solutions Holdings

Market Cap: US$16.4b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Vodacom Group

Market Cap: R276.0b

Provides communications products and services.

Rede D'Or São Luiz

Market Cap: R$85.8b

Engages in the provision of hospital services in Brazil.

NMBZ Holdings

Market Cap: US$2.1b

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

Wens Foodstuff Group

Market Cap: CN¥111.6b

Operates as an agricultural and animal husbandry company in China.

Unipol Assicurazioni

Market Cap: €13.9b

Provides insurance products and services primarily in Italy.

Bank of Beijing

Market Cap: CN¥111.2b

Provides various banking services to individuals and corporates in China.

Elia Group

Market Cap: €13.8b

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.

Hua Xia Bank

Market Cap: CN¥110.4b

Provides commercial banking services in China and Hong Kong.

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.

Santander Bank Polska

Market Cap: zł58.5b

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

E.SUN Financial Holding Company

Market Cap: NT$503.8b

Offers various financial banking products and services in Taiwan.

JBS

Market Cap: US$15.8b

Operates as a protein and food company worldwide.

Federal Home Loan Mortgage

Market Cap: US$15.7b

Operates in the secondary mortgage market in the United States.

Telecom Italia

Market Cap: €13.5b

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

Woori Financial Group

Market Cap: ₩23.2t

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

Straumann Holding

Market Cap: CHF 12.2b

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

Bank Polska Kasa Opieki

Market Cap: zł56.1b

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

BIWIN Storage Technology

Market Cap: CN¥105.1b

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

Huaneng Power International

Market Cap: HK$119.1b

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

Winbond Electronics

Market Cap: NT$483.8b

Engages in the research, development, production and sales of integrated circuits, various semiconductor components and other system products.

Mediobanca Banca di Credito Finanziario

Market Cap: €13.1b

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

Banco Santander-Chile

Market Cap: CL$13.7t

Provides commercial and retail banking products and services in Chile.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 66.0b

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

WH Group

Market Cap: HK$117.3b

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

Osaka Gas

Market Cap: JP¥2.4t

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

Attijariwafa bank

Market Cap: د.م139.5b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.