Bulgarian Tech Defensive Blue Chips

Kroger

Market Cap: US$36.3b

Operates as a food and drug retailer in the United States.

Koninklijke Ahold Delhaize

Market Cap: €31.8b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Piotech

Market Cap: CN¥246.0b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.

Sompo Holdings

Market Cap: JP¥5.9t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

Vodafone Group

Market Cap: UK£26.9b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Arch Capital Group

Market Cap: US$35.9b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

ITC

Market Cap: ₹3.5t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Hon. Precision

Market Cap: NT$1.2t

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

ABN AMRO Bank

Market Cap: €31.2b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Prudential

Market Cap: UK£26.6b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Hershey

Market Cap: US$35.5b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

M&T Bank

Market Cap: US$35.5b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Federal National Mortgage Association

Market Cap: US$35.3b

Provides financing solutions for residential mortgages in the United States.

ON Semiconductor

Market Cap: US$35.2b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

UltraTech Cement

Market Cap: ₹3.4t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

GLOBALFOUNDRIES

Market Cap: US$35.1b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Hannover Rück

Market Cap: €30.6b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Martin Marietta Materials

Market Cap: US$34.2b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Heidelberg Materials

Market Cap: €29.7b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Shinhan Financial Group

Market Cap: ₩50.6t

Provides financial products and services in South Korea, Vietnam, and Japan.

Centene

Market Cap: US$33.7b

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

Bank Leumi le-Israel B.M

Market Cap: ₪100.9b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Capitec Bank Holdings

Market Cap: R545.8b

Through its subsidiaries, provides various banking products and services in South Africa.

Ajinomoto

Market Cap: JP¥5.4t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

BPER Banca

Market Cap: €29.0b

Engages in the provision of banking products and services for individuals, and businesses and professionals in Italy and internationally.

Talanx

Market Cap: €28.9b

Provides insurance and reinsurance products and services worldwide.

CEZ a. s

Market Cap: Kč698.9b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe.

Yuanjie Semiconductor Technology

Market Cap: CN¥223.2b

Yuanjie Semiconductor Technology Co., Ltd.

Resona Holdings

Market Cap: JP¥5.3t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Alcon

Market Cap: CHF 26.4b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Malayan Banking Berhad

Market Cap: RM 133.0b

Provides commercial banking and related financial products and services.

Swiss Life Holding

Market Cap: CHF 26.3b

Provides life, pensions, and financial solutions for private and corporate clients.

Chunghwa Telecom

Market Cap: NT$1.0t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Veeva Systems

Market Cap: US$32.0b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

China Jushi

Market Cap: CN¥216.4b

Manufactures and sells fiberglass and related products in China and internationally.