Serbian Automobiles Defensive Blue Chips

Anhui Conch Cement

Market Cap: HK$130.8b

Manufactures, sells, and trades in clinker and cement products in China and internationally.

Metro

Market Cap: CA$23.2b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

SDIC Power Holdings

Market Cap: CN¥121.4b

Engages in the electricity generation business in China.

KeyCorp

Market Cap: US$16.8b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Fresenius Medical Care

Market Cap: €14.8b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

NN Group

Market Cap: €14.7b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

Banco BPM

Market Cap: €14.7b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

JBS

Market Cap: R$95.3b

Engages in the processing of animal protein worldwide.

Sprouts Farmers Market

Market Cap: US$16.6b

Engages in the retailing of fresh, natural, and organic food products in the United States.

Citizens Financial Group

Market Cap: US$16.6b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Grupo Financiero Inbursa. de

Market Cap: Mex$324.6b

Provides various financial products and services to individuals and businesses in Mexico.

Saudi Electricity

Market Cap: ر.س62.1b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Ørsted

Market Cap: DKK 108.9b

Owns, develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage and renewable hydrogen facilities, and bioenergy plants.

AIB Group

Market Cap: €14.4b

Provides banking and financial products and services to retail, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥117.6b

Advanced Micro-Fabrication Equipment Inc.

Brown-Forman

Market Cap: US$16.2b

Manufactures, distills, bottles, imports, exports, markets, and sells various alcoholic beverages.

Cooper Companies

Market Cap: US$16.1b

Develops, manufactures, and markets contact lens wearers.

ON Semiconductor

Market Cap: US$16.1b

Provides intelligent sensing and power solutions in the United States and internationally.

Telefônica Brasil

Market Cap: R$92.4b

Operates as a mobile telecommunications company in Brazil.

Bank of Nanjing

Market Cap: CN¥116.1b

Provides various financial products and services in China.

Credicorp

Market Cap: US$16.0b

Provides various financial, insurance, and health services and products primarily in Peru and internationally.

Hormel Foods

Market Cap: US$16.0b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Pro Medicus

Market Cap: AU$24.8b

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.

Hua Xia Bank

Market Cap: CN¥115.4b

Provides commercial banking services in China and Hong Kong.

BJ's Wholesale Club Holdings

Market Cap: US$15.8b

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

LONGi Green Energy Technology

Market Cap: CN¥114.1b

Manufactures and sells photovoltaic products and solutions worldwide.

JD Health International

Market Cap: HK$122.0b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China and internationally.

BDO Unibank

Market Cap: ₱871.1b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

Wens Foodstuff Group

Market Cap: CN¥113.2b

Operates as a livestock and poultry farming company in China.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp259.5t

Provides information and communications technology, and telecommunications network services worldwide.

Ambuja Cements

Market Cap: ₹1.3t

Manufactures and markets cement and cement related products to individual homebuilders, masons and contractors, and architects and engineers in India.

Banco de Sabadell

Market Cap: €13.8b

Provides banking products and services to personal, business, and private customers in Spain and internationally.

US Foods Holding

Market Cap: US$15.5b

Engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States.

Shanghai United Imaging Healthcare

Market Cap: CN¥111.3b

Shanghai United Imaging Healthcare Co., Ltd.

Baxter International

Market Cap: US$15.4b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

bioMérieux

Market Cap: €13.6b

Develops and markets in vitro diagnostic solutions for the diagnosis of infectious diseases in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.