Romanian Software Defensive Blue Chips

Encompass Health

Market Cap: US$12.0b

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

National Silicon Industry Group

Market Cap: CN¥80.8b

National Silicon Industry Group Co., Ltd.

HKT Trust and HKT

Market Cap: HK$94.2b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

Kokusai Electric

Market Cap: JP¥1.9t

Engages in the development, manufacture, sale, repair, and maintenance of semiconductor manufacturing equipment worldwide.

Align Technology

Market Cap: US$11.9b

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

Magnum Ice Cream

Market Cap: €10.2b

Engages in the ice cream business in the Netherlands.

Lotus Bakeries

Market Cap: €10.2b

Provides various snack products in Belgium and internationally.

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

BJ's Wholesale Club Holdings

Market Cap: US$11.8b

Operates membership warehouse clubs on the eastern half of the United States.

Arab National Bank

Market Cap: ر.س44.4b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Aier Eye Hospital Group

Market Cap: CN¥79.5b

Operates as an ophthalmic medical company in China, Hong Kong, Europe, the United States, Europe, and Southeast Asia.

Chiba Bank

Market Cap: JP¥1.9t

Provides banking products and services in Japan and internationally.

China Resources Power Holdings

Market Cap: HK$92.7b

An investment holding company, invests in, develops, operates, and manages power plants and coal mine projects in the People’s Republic of China.

Beijing YanDong MicroElectronic

Market Cap: CN¥79.2b

Beijing YanDong MicroElectronic Co., Ltd.

China Resources Microelectronics

Market Cap: CN¥78.9b

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

Bank of Chengdu

Market Cap: CN¥78.8b

Provides various banking products and services in China.

Saputo

Market Cap: CA$16.1b

Produces, markets, and distributes dairy products in Canada, the United States, Australia, and the United Kingdom.

Alpha Bank

Market Cap: €9.9b

Provides various banking and financial products and services in Greece and internationally.

Globus Medical

Market Cap: US$11.6b

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

ROHM

Market Cap: JP¥1.8t

Manufactures and sells electronic components worldwide.

Guangxi Guiguan Electric PowerCo.Ltd

Market Cap: CN¥77.9b

Engages in the generation and sale of electricity in China.

Absa Group

Market Cap: R186.8b

Provides retail, business, corporate, investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Marico

Market Cap: ₹1.1t

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

Turkiye Garanti Bankasi

Market Cap: ₺554.4b

Provides various banking products and services in Turkey.

Hong Leong Bank Berhad

Market Cap: RM 46.7b

Operates as a financial services company in Malaysia and internationally.

Far EasTone Telecommunications

Market Cap: NT$367.8b

Provides mobile telecommunications services in Taiwan and internationally.

SG Micro

Market Cap: CN¥77.1b

Engages in the development, manufacturing and sales of comprehensive analog and mixed-signal integrated-circuit (IC) solutions in Mainland China, Hong Kong, Taiwan, and internationally.

United Spirits

Market Cap: ₹1.1t

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

Industrial Bank of Korea

Market Cap: ₩15.9t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

UMB Financial

Market Cap: US$11.4b

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

Realtek Semiconductor

Market Cap: NT$362.4b

Engages in the research, development, production, and sale of various integrated circuits and related application software in Taiwan, Asia, and internationally.

DaVita

Market Cap: US$11.3b

Provides kidney dialysis services for patients suffering from chronic kidney failure in the United States.

Rockchip Electronics

Market Cap: CN¥76.2b

Operates as a fabless IC design company focusing on Intelligent IoT in China.

Guangdong Haid Group

Market Cap: CN¥76.2b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Shizuoka Financial GroupInc

Market Cap: JP¥1.8t

Provides various banking products and services.

Maplebear

Market Cap: US$11.3b

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