Serbian Consumer Durables Defensive Blue Chips

CK Infrastructure Holdings

Market Cap: HK$130.8b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

Wens Foodstuff Group

Market Cap: CN¥119.8b

Operates as an agricultural and animal husbandry company in China.

Coca-Cola HBC

Market Cap: UK£12.6b

Engages in the production, sale, and distribution of non-alcoholic ready-to-drink beverages under franchise in Switzerland, West Coast of Ireland, Central and Eastern Europe, Nigeria, and internationally.

Mizrahi Tefahot Bank

Market Cap: ₪54.4b

Provides a range of international, commercial, domestic, and personal banking services to individuals and businesses in Israel and internationally.

Britannia Industries

Market Cap: ₹1.5t

Manufactures and sells various food products in India and internationally.

Bank of Hangzhou

Market Cap: CN¥118.2b

Provides various banking products and services for individuals, corporate, and small and micro businesses in China.

Kansai Electric Power Company

Market Cap: JP¥2.5t

Engages in electricity, gas and heat supply, and telecommunication and gas supply in Japan.

Companhia de Saneamento Básico do Estado de São Paulo - SABESP

Market Cap: R$89.3b

Provides basic and environmental sanitation services in the São Paulo State, Brazil.

Hologic

Market Cap: US$16.4b

Engages in the development, manufacture, and supply of diagnostics products, medical imaging systems, and surgical products for women's health through early detection and treatment worldwide.

Shanghai United Imaging Healthcare

Market Cap: CN¥116.6b

Shanghai United Imaging Healthcare Co., Ltd.

Hana Financial Group

Market Cap: ₩23.5t

Through its subsidiaries, provides financial services in South Korea.

Arca Continental. de

Market Cap: Mex$300.3b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.

Emirates Islamic Bank PJSC

Market Cap: د.إ58.9b

Provides banking products and services financing and investing instruments in the United Arab Emirates and internationally.

Celsius Holdings

Market Cap: US$16.0b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

Performance Food Group

Market Cap: US$16.0b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Aier Eye Hospital Group

Market Cap: CN¥113.6b

Operates as a ophthalmology chain medical company in China, Hong Kong, Europe, the United States, and Southeast Asia.

SDIC Power Holdings

Market Cap: CN¥113.3b

Engages in the electricity generation business in China.

Fresenius Medical Care

Market Cap: €13.6b

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

Telia Company

Market Cap: SEK 147.9b

Provides communication services to businesses, individuals, families, and communities in Sweden, Finland, Norway, Denmark, Lithuania, Estonia, and Latvia.

TS Financial Holding

Market Cap: NT$484.9b

Provides various financial products and services.

Hua Xia Bank

Market Cap: CN¥111.7b

Provides commercial banking services in China and Hong Kong.

Bank of Baroda

Market Cap: ₹1.4t

Provides various banking products and services to individuals, government departments, and corporate customers in India and internationally.

Kerry Group

Market Cap: €13.5b

Provides taste and nutrition solutions.

Ambuja Cements

Market Cap: ₹1.4t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Unipol Assicurazioni

Market Cap: €13.4b

Provides insurance products and services primarily in Italy.

Qatar Islamic Bank (Q.P.S.C.)

Market Cap: ر.ق56.7b

Provides corporate, retail, and investment banking products and services in Qatar and internationally.

Smith & Nephew

Market Cap: UK£11.7b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

bioMérieux

Market Cap: €13.4b

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

Fidelity National Financial

Market Cap: US$15.4b

Provides various insurance products in the United States.

Mediobanca Banca di Credito Finanziario

Market Cap: €13.2b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

Vodacom Group

Market Cap: R264.1b

Provides communications products and services.

Punjab National Bank

Market Cap: ₹1.3t

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

Huaneng Power International

Market Cap: HK$118.3b

Generates and sells electric power to the regional or provincial grid companies in the People’s Republic of China and internationally.

Tryg

Market Cap: DKK 97.5b

Provides insurance products and services for private and corporate customers, and small and medium-sized businesses in Denmark, Sweden, the United Kingdom, and Norway.

Bank of Ireland Group

Market Cap: €12.9b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Cooper Companies

Market Cap: US$14.8b

Develops, manufactures, and markets contact lens wearers.