Bulgarian Software Defensive Blue Chips

Hong Leong Bank Berhad

Market Cap: RM 45.4b

Operates as a financial services company in Malaysia and internationally.

Nexchip Semiconductor

Market Cap: CN¥75.1b

Engages in the research, development, production, and sale of integrated circuit related products in China and internationally.

HANMI Semiconductor

Market Cap: ₩15.9t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Chiba Bank

Market Cap: JP¥1.8t

Provides banking products and services in Japan and internationally.

National Silicon Industry Group

Market Cap: CN¥74.9b

National Silicon Industry Group Co., Ltd.

Chongqing Rural Commercial Bank

Market Cap: HK$86.8b

Provides banking and related financial services in the People’s Republic of China.

Realtek Semiconductor

Market Cap: NT$359.3b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

Busy Ming Group

Market Cap: HK$86.3b

Through its subsidiaries, operates as a food and beverage retailer in China.

Ooredoo Q.P.S.C

Market Cap: ر.ق40.0b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Globus Medical

Market Cap: US$10.9b

Develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

UMB Financial

Market Cap: US$10.9b

Operates as a bank holding company that provides banking services and asset servicing in the United States and internationally.

BDO Unibank

Market Cap: ₱669.6b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Bangkok Bank

Market Cap: ฿364.6b

Provides various commercial banking products and services in Thailand and internationally.

Wintrust Financial

Market Cap: US$10.9b

A financial holding company, provides community-oriented, personal, and commercial banking services in the United States.

Indus Towers

Market Cap: ₹1.0t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Italgas

Market Cap: €9.4b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Alpha Bank

Market Cap: €9.4b

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

Sanlam

Market Cap: R178.9b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Maplebear

Market Cap: US$10.7b

Maplebear Inc., doing business as Instacart, operates as a technology and enablement partner for the grocery industry in the United States and internationally.

Smithfield Foods

Market Cap: US$10.7b

Produces various packaged meats and fresh pork products in the United States and internationally.

Old Republic International

Market Cap: US$10.6b

Through its subsidiaries, provides insurance underwriting and related services in the United States and Canada.

Orkla

Market Cap: NOK 101.8b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.

Taiwan Mobile

Market Cap: NT$345.5b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

Ensign Group

Market Cap: US$10.6b

Provides skilled nursing, senior living, and rehabilitative services.

China Resources Microelectronics

Market Cap: CN¥71.4b

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

Lotus Bakeries

Market Cap: €9.2b

Provides various snack products in Belgium and internationally.

Quebecor

Market Cap: CA$14.8b

Engages in the telecommunications, media, and sports and entertainment businesses in Canada.

Cullen/Frost Bankers

Market Cap: US$10.5b

Operates as the bank holding company for Frost Bank that provides commercial and consumer banking services in Texas.

J Sainsbury

Market Cap: UK£7.8b

Engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom.

Discovery

Market Cap: R173.7b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Molina Healthcare

Market Cap: US$10.4b

Provides managed healthcare services to low-income families and individuals under the Medicaid and Medicare programs and through the state insurance marketplaces in the United States.

SouthState Bank

Market Cap: US$10.3b

Operates as the bank holding company for SouthState Bank, National Association that provides a range of banking services and products to individuals and companies in the United States.

Shizuoka Financial GroupInc

Market Cap: JP¥1.7t

Provides various banking products and services.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫271.2t

Provides various banking products and services in Vietnam and internationally.

Old National Bancorp

Market Cap: US$10.3b

Operates as the bank holding company for Old National Bank that provides consumer and commercial banking services in the United States.

China Taiping Insurance Holdings

Market Cap: HK$80.2b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.