Serbian Consumer Durables Defensive Blue Chips

American Financial Group

Market Cap: US$11.4b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ41.8b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Raiffeisen Bank International

Market Cap: €9.7b

Offers banking services to corporate, private, and institutional customers.

BB Seguridade Participações

Market Cap: R$61.8b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

ICICI Lombard General Insurance

Market Cap: ₹995.6b

Provides various general insurance products and services in India.

Tsingtao Brewery

Market Cap: CN¥80.3b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

China Zheshang Bank

Market Cap: HK$87.5b

Provides various commercial banking products and services in Mainland China.

Baloise Holding

Market Cap: CHF 8.9b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

IDBI Bank

Market Cap: ₹986.2b

Provides banking and financial solutions to retail and corporate customers in India.

Globe Life

Market Cap: US$11.2b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Chongqing Rural Commercial Bank

Market Cap: HK$86.9b

Provides banking services in the People’s Republic of China.

SinoPac Financial Holdings

Market Cap: NT$342.6b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Sprouts Farmers Market

Market Cap: US$11.2b

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

T&D Holdings

Market Cap: JP¥1.7t

Through its subsidiaries, provides insurance products and services in Japan.

HKT Trust and HKT

Market Cap: HK$86.0b

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.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م101.1b

Provides various telecommunication solutions in Morocco and internationally.

Coca-Cola Consolidated

Market Cap: US$11.0b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Skyworks Solutions

Market Cap: US$11.0b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Bank of Chengdu

Market Cap: CN¥78.5b

Provides various commercial banking products and services in China.

Carrefour

Market Cap: €9.4b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Airtel Africa

Market Cap: UK£8.2b

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

Taiwan Mobile

Market Cap: NT$337.2b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

United Spirits

Market Cap: ₹966.7b

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

Vietnam Technological and Commercial Bank

Market Cap: ₫287.2t

Provides personal and corporate banking products and services in Vietnam and internationally.

Centrica

Market Cap: UK£8.1b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Far EasTone Telecommunications

Market Cap: NT$333.5b

Engages in the provision of telecommunications and digital application services in Taiwan.

mBank

Market Cap: zł39.5b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

China Resources Beer (Holdings)

Market Cap: HK$84.3b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Assurant

Market Cap: US$10.8b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Osaka Gas

Market Cap: JP¥1.6t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Marico

Market Cap: ₹953.9b

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

Kinsale Capital Group

Market Cap: US$10.8b

Engages in the provision of property and casualty insurance products in the United States.

Manila Electric

Market Cap: ₱627.8b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

ING Bank Slaski

Market Cap: zł39.2b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Marks and Spencer Group

Market Cap: UK£8.0b

Operates various retail stores.

Rockchip Electronics

Market Cap: CN¥76.7b

Operates as a fabless IC design company in China.