Serbian Consumer Durables Defensive Blue Chips

Skyverse Technology

Market Cap: CN¥129.9b

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

Mizrahi Tefahot Bank

Market Cap: ₪58.6b

Provides various banking services in Israel and internationally.

Associated British Foods

Market Cap: UK£14.4b

Engages in the food, ingredients, and retail businesses worldwide.

Telenor

Market Cap: NOK 184.4b

Operates as a telecommunication company worldwide.

MACOM Technology Solutions Holdings

Market Cap: US$19.0b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Luzhou LaojiaoLtd

Market Cap: CN¥128.1b

Produces and sells alcoholic products in China and internationally.

Hwatsing Technology

Market Cap: CN¥127.3b

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

Wilmar International

Market Cap: S$24.2b

Operates as an agribusiness company in Singapore, the People's Republic of China, Indonesia, Malaysia, Australia, Europe, South Africa, Nigeria, Vietnam, India, and internationally.

Alinma Bank

Market Cap: ر.س70.0b

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

Banco de Sabadell

Market Cap: €16.3b

Provides banking products and services in Spain, the United Kingdom, and Mexico.

Telia Company

Market Cap: SEK 179.4b

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

Wilson Bank Holding

Market Cap: US$18.4b

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to consumers, professionals, small businesses, and municipalities in the United States.

Erste Bank Polska

Market Cap: zł69.7b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Saudi Awwal Bank

Market Cap: ر.س68.4b

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

BE Semiconductor Industries

Market Cap: €16.0b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Vodacom Group

Market Cap: R303.7b

Provides communications products and services in South Africa, Egypt, Kenya, and internationally.

Krung Thai Bank

Market Cap: ฿608.0b

Engages in commercial banking business in Thailand and internationally.

E.SUN Financial Holding Company

Market Cap: NT$586.3b

Offers various financial banking products and services in Taiwan.

Koninklijke KPN

Market Cap: €15.8b

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

Eurobank

Market Cap: €15.8b

Provides retail, corporate and private banking, asset management, treasury and capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

IHH Healthcare Berhad

Market Cap: RM 73.7b

An investment holding company, provides healthcare services in Singapore, Malaysia, India, Greater China, Japan, Türkiye and Europe, and internationally.

Federal Home Loan Mortgage

Market Cap: US$18.0b

Operates in the secondary mortgage market in the United States.

Performance Food Group

Market Cap: US$18.0b

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

Hippo Valley Estates

Market Cap: US$2.3b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

SDIC Power Holdings

Market Cap: CN¥120.9b

Engages in the electricity generation business in China.

Zimmer Biomet Holdings

Market Cap: US$17.8b

Operates as a medical technology company worldwide.

East West Bancorp

Market Cap: US$17.8b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Telecom Italia

Market Cap: €15.6b

Engages in the fixed and mobile telecommunications services and products for individuals, households, and supports small and medium-sized enterprises in Italy and internationally.

Hua Nan Financial Holdings

Market Cap: NT$576.2b

Provides financial services in Taiwan and internationally.

Banco Comercial Português

Market Cap: €15.5b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

SinoPac Financial Holdings

Market Cap: NT$571.3b

Through its subsidiaries, provides banking services worldwide.

Samsung Fire & Marine Insurance

Market Cap: ₩25.3t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

CEMEX. de

Market Cap: Mex$303.5b

Engages in the production, marketing, distribution, and sale of cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials and services worldwide.

Airtel Africa

Market Cap: UK£12.9b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Bank of Hangzhou

Market Cap: CN¥116.4b

Provides various banking products and services in China.

Commercial Bank for Foreign Trade of Vietnam

Market Cap: ₫452.0t

Provides banking products and services in Vietnam.