Hungarian Automobiles Defensive Blue Chips

T&D Holdings

Market Cap: JP¥1.7t

Through its subsidiaries, provides insurance products and services in Japan.

Maplebear

Market Cap: US$10.6b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

Globe Life

Market Cap: US$10.5b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Phoenix Financial

Market Cap: ₪34.5b

Provides multi-line insurance products in Israel.

Tower Semiconductor

Market Cap: US$10.5b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

ACM Research (Shanghai)

Market Cap: CN¥74.7b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Far EasTone Telecommunications

Market Cap: NT$329.6b

Engages in the provision of telecommunications and digital application services in Taiwan.

Sejahteraraya Anugrahjaya

Market Cap: Rp174.9t

Provides medical services in Indonesia.

Buzzi

Market Cap: €9.0b

Manufactures, distributes, and sells cement, ready-mix concrete, and natural aggregates.

Hong Leong Bank Berhad

Market Cap: RM 43.1b

Operates as a financial services company in Malaysia and internationally.

Enel Américas

Market Cap: CL$9.7t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Orkla

Market Cap: NOK 105.8b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

James Hardie Industries

Market Cap: AU$16.0b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Taiwan Mobile

Market Cap: NT$323.6b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Komercní banka

Market Cap: Kč216.6b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

Waaree Energies

Market Cap: ₹916.3b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

KT&G

Market Cap: ₩15.1t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Align Technology

Market Cap: US$10.2b

Provides Invisalign clear aligners, Vivera retainers, and iTero intraoral scanners and services in the United States, Switzerland, and internationally.

CPFL Energia

Market Cap: R$55.0b

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

Chongqing Rural Commercial Bank

Market Cap: HK$79.1b

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

Bank of the Philippine Islands

Market Cap: ₱597.1b

Provides various financial products and services to retail and corporate clients in the Philippines.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.1b

Provides various banking products and services in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Celsius Holdings

Market Cap: US$10.1b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫264.0t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫263.7t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.