Hungarian Software Defensive Blue Chips

ACM Research (Shanghai)

Market Cap: CN¥73.9b

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

BrightSpring Health Services

Market Cap: US$10.8b

Operates as a home and community-based healthcare services platform in the United States.

Far EasTone Telecommunications

Market Cap: NT$340.0b

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

FormFactor

Market Cap: US$10.7b

Designs, manufactures, and sells probe cards, analytical probes, probe stations, thermal systems, cryogenic systems, and related services in the United States, South Korea, Taiwan, China, Japan, Singapore, Europe, Malaysia, and internationally.

Marico

Market Cap: ₹1.0t

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

Sanlam

Market Cap: R179.7b

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

Guobo Electronics

Market Cap: CN¥73.0b

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

Encompass Health

Market Cap: US$10.7b

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

Ensign Group

Market Cap: US$10.6b

Provides skilled nursing, senior living, and rehabilitative services.

BUA Cement

Market Cap: ₦14.5t

Engages in the manufacture, sale and distribution of cement and related products under the BUA Cement brand in Nigeria and internationally.

Caixa Seguridade Participações

Market Cap: R$52.6b

Provides insurance products in Brazil and internationally.

Taiwan Mobile

Market Cap: NT$334.2b

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

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

BKW

Market Cap: CHF 8.2b

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.

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.

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$52.2b

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

Skyworks Solutions

Market Cap: US$10.4b

Develops, manufactures, and markets analog and mixed-signal semiconductor products and solutions in the United States, Taiwan, China, South Korea, Europe, the Middle East, Africa, and the Asia Pacific.

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫274.6t

Provides various banking products and services in Vietnam and internationally.

Pro Medicus

Market Cap: AU$14.5b

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.

China Taiping Insurance Holdings

Market Cap: HK$81.3b

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

Discovery

Market Cap: R174.1b

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

Max Healthcare Institute

Market Cap: ₹984.3b

Provides medical and healthcare services in India.

Smithfield Foods

Market Cap: US$10.3b

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

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.

Beijing E-Town Semiconductor Technology

Market Cap: CN¥69.8b

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.

Hwatsing Technology

Market Cap: CN¥69.6b

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

Universal Health Services

Market Cap: US$10.2b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities in the United States.

Darling Ingredients

Market Cap: US$10.1b

Develops, produces, and sells sustainable natural ingredients from edible and inedible bio-nutrients in North America, Europe, China, South America, and internationally.

Sejahteraraya Anugrahjaya

Market Cap: Rp177.5t

Provides medical services in Indonesia.

Wintrust Financial

Market Cap: US$10.1b

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

Skyverse Technology

Market Cap: CN¥68.8b

Manufactures and sells quality control equipment to enterprises involved in the front-end integrated circuit processes and packaging in China and internationally.

Semtech

Market Cap: US$10.0b

Provides semiconductor, Internet of Things systems, and cloud connectivity service solutions in the Asia- Pacific, North America, and Europe.

Molina Healthcare

Market Cap: US$10.0b

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.

Bank Albilad

Market Cap: ر.س37.6b

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