Bulgarian Software Defensive Blue Chips

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.

Globus Medical

Market Cap: US$11.1b

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

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.

UMB Financial

Market Cap: US$11.0b

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

Sanlam

Market Cap: R181.6b

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

Busy Ming Group

Market Cap: HK$86.3b

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

Popular

Market Cap: US$11.0b

Through its subsidiaries, provides various retail, mortgage, and commercial banking services for individuals and businesses in Puerto Rico, the United States, the British Virgin Islands, the Caribbean, and Latin America.

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.

Turkiye Garanti Bankasi

Market Cap: ₺517.0b

Provides various banking products and services in Turkey.

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.

Onto Innovation

Market Cap: US$10.9b

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.

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.

Wintrust Financial

Market Cap: US$10.8b

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

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.

Orkla

Market Cap: NOK 101.8b

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

Old Republic International

Market Cap: US$10.7b

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

Italgas

Market Cap: €9.2b

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

Taiwan Mobile

Market Cap: NT$345.5b

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

Lotus Bakeries

Market Cap: €9.2b

Provides various snack products in Belgium and internationally.

Amkor Technology

Market Cap: US$10.6b

Provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, and the Asia Pacific.

Discovery

Market Cap: R174.6b

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

China Resources Microelectronics

Market Cap: CN¥71.4b

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

Quebecor

Market Cap: CA$14.8b

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

Ensign Group

Market Cap: US$10.5b

Provides skilled nursing, senior living, and rehabilitative services.

CPFL Energia

Market Cap: R$53.1b

Through its subsidiaries, operates as an energy company in Brazil.

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.

Smithfield Foods

Market Cap: US$10.5b

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

J Sainsbury

Market Cap: UK£7.8b

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

Globalstar

Market Cap: US$10.3b

Provides mobile satellite services in the United States, Canada, Europe, Central and South America, and internationally.

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.

Beazley

Market Cap: UK£7.6b

Through its subsidiaries, provides risk insurance and reinsurance solutions in the United States, the United Kingdom, and rest of Europe.

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.