Hungarian Software Defensive Blue Chips

Olympus

Market Cap: JP¥1.7t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Guobo Electronics

Market Cap: CN¥73.7b

Engages in the research, development, production, and sale of active phased array transmitter and receiver components and radio frequency integrated circuits in China.

Sanlam

Market Cap: R178.4b

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

American Financial Group

Market Cap: US$10.8b

An insurance holding company, provides property and casualty insurance products in the United States.

Marico

Market Cap: ₹1.0t

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Discovery

Market Cap: R176.6b

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

BKW

Market Cap: CHF 8.4b

An energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Taiwan Mobile

Market Cap: NT$335.7b

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

Yokohama Financial Group

Market Cap: JP¥1.7t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Komercní banka

Market Cap: Kč220.8b

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

SD Guthrie Berhad

Market Cap: RM 41.9b

Operates as an integrated plantations company in Malaysia and internationally.

China Resources Beer (Holdings)

Market Cap: HK$82.9b

An investment holding company, engages in the manufacture, distribution, and sale of alcoholic beverages in Mainland China.

Sejahteraraya Anugrahjaya

Market Cap: Rp182.1t

Provides medical services in Indonesia.

Waaree Energies

Market Cap: ₹993.4b

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

China Resources Microelectronics

Market Cap: CN¥71.7b

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

Globalstar

Market Cap: US$10.5b

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

Eneva

Market Cap: R$51.9b

An integrated energy company, engages in the exploration, production, and commercialization of natural gas and liquids in Brazil.

Boubyan Bank K.S.C.P

Market Cap: د.ك3.2b

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

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

Max Healthcare Institute

Market Cap: ₹977.2b

Provides medical and healthcare services in India.

United Spirits

Market Cap: ₹975.9b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Alchip Technologies

Market Cap: NT$325.1b

Engages in the research, design, development, and manufacturing of application specific integrated circuits and system on a chip in the United States, China, Japan, Taiwan, and internationally.

ACM Research (Shanghai)

Market Cap: CN¥70.3b

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

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫270.3t

Provides various banking products and services in Vietnam and internationally.

Maplebear

Market Cap: US$10.2b

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

Beijing E-Town Semiconductor Technology

Market Cap: CN¥69.7b

Beijing E-Town Semiconductor Technology Co., Ltd.

Beazley

Market Cap: UK£7.5b

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

Pro Medicus

Market Cap: AU$14.2b

A healthcare informatics company, engages in the development and supply of healthcare imaging software, and radiology information (RIS) system software and services to hospitals, imaging centers, and health care groups in Australia, North America, and Europe.

Bank Albilad

Market Cap: ر.س38.0b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

SBI Shinsei Bank

Market Cap: JP¥1.6t

Provides banking and financial products and services to individual customers, corporations, public-sector entities, and financial institutions in Japan.

Wintrust Financial

Market Cap: US$10.1b

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

Encompass Health

Market Cap: US$10.0b

Operates inpatient rehabilitation hospitals in the United States and Puerto Rico.

Hwatsing Technology

Market Cap: CN¥68.6b

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