Serbian Consumer Durables Defensive Blue Chips

Fortum Oyj

Market Cap: €16.0b

Engages in the generation and sale of electricity and heat in Finland, Sweden, the Netherlands, Ireland, Denmark, Belgium, the United Kingdom, Switzerland, Spain, France, Germany, Norway, and internationally.

Koninklijke KPN

Market Cap: €15.9b

Provides telecommunications and information technology (IT) services in the Netherlands.

United Microelectronics

Market Cap: NT$570.1b

Operates as a semiconductor wafer foundry in Taiwan, China, Hong Kong, Japan, Korea, the United States, Europe, and internationally.

Tyson Foods

Market Cap: US$18.4b

Operates as a food company worldwide.

Oklo

Market Cap: US$18.4b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

NN Group

Market Cap: €15.7b

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

Tenet Healthcare

Market Cap: US$18.3b

Operates as a diversified healthcare services company in the United States.

Tenaga Nasional Berhad

Market Cap: RM 77.1b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia, the United Kingdom, Kuwait, the Republic of Ireland, Australia, and internationally.

Banco de Sabadell

Market Cap: €15.6b

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

McCormick

Market Cap: US$18.1b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

HDFC Life Insurance

Market Cap: ₹1.6t

Provides individual and group insurance solutions in India.

Straumann Holding

Market Cap: CHF 14.3b

Provides tooth replacement and orthodontic solutions worldwide.

Banco de Crédito del Perú

Market Cap: S/61.0b

Provides banking products and services to individuals, small-sized companies, and corporate customers in Peru.

Varun Beverages

Market Cap: ₹1.6t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

Coca-Cola FEMSA. de

Market Cap: US$17.7b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademark beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

JDE Peet's

Market Cap: €15.2b

Operates as a coffee and tea company worldwide.

MTN Group

Market Cap: R305.1b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Principal Financial Group

Market Cap: US$17.7b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

Alinma Bank

Market Cap: ر.س66.2b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Saudi Electricity

Market Cap: ر.س66.2b

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

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$2.3b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Talen Energy

Market Cap: US$17.5b

An independent power producer and infrastructure company, produces and sells electricity, capacity, and ancillary services into wholesale power markets in the United States.

Saudi Awwal Bank

Market Cap: ر.س65.6b

Provides banking and financial services in the Kingdom of Saudi Arabia.

IHH Healthcare Berhad

Market Cap: RM 73.6b

An investment holding company, offers healthcare services in Malaysia, Singapore, Turkey, India, China, Japan, Europe, and internationally.

China Three Gorges Renewables (Group)Ltd

Market Cap: CN¥122.9b

China Three Gorges Renewables (Group) Co.,Ltd.

Sonova Holding

Market Cap: CHF 13.7b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Rede D'Or São Luiz

Market Cap: R$92.8b

Engages in the provision of hospital services in Brazil.

Bank of Beijing

Market Cap: CN¥122.2b

Provides various banking services to individuals and corporates in China.

E.SUN Financial Holding Company

Market Cap: NT$527.5b

Provides various financial banking products and services in Taiwan.

US Foods Holding

Market Cap: US$17.1b

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

Attijariwafa bank

Market Cap: د.م157.2b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Erie Indemnity

Market Cap: US$17.0b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Anhui Conch Cement

Market Cap: CN¥121.0b

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

Banco de Chile

Market Cap: CL$16.0t

Operates as a commercial bank that provides banking services in Chile.

Asahi Group Holdings

Market Cap: JP¥2.6t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Centene

Market Cap: US$16.9b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.