Serbian Consumer Durables Defensive Blue Chips

Cencora

Market Cap: US$70.2b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Elevance Health

Market Cap: US$69.8b

Operates as a health benefits company in the United States.

América Móvil. de

Market Cap: Mex$1.3t

Provides telecommunications services in Latin America and internationally.

Tokio Marine Holdings

Market Cap: JP¥10.5t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

Hygon Information Technology

Market Cap: CN¥478.6b

Engages in the research and development of computing chip products and systems in China.

Lloyds Banking Group

Market Cap: UK£51.3b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

ANZ Group Holdings

Market Cap: AU$104.0b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.

KDDI

Market Cap: JP¥10.3t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Marvell Technology

Market Cap: US$66.1b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Japan Tobacco

Market Cap: JP¥10.2t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Wuliangye YibinLtd

Market Cap: CN¥464.6b

Manufactures and sells liquor and wine products under the Wuliangye brand in China.

Travelers Companies

Market Cap: US$64.2b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.7t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Industrial Bank

Market Cap: CN¥452.0b

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

Arthur J. Gallagher

Market Cap: US$63.5b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Bank Central Asia

Market Cap: Rp1035.3t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

Oversea-Chinese Banking

Market Cap: S$81.1b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

NatWest Group

Market Cap: UK£46.4b

Provides banking and financial products and services in the United Kingdom and internationally.

Engie

Market Cap: €52.4b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Singapore Telecommunications

Market Cap: S$78.3b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

Saudi National Bank

Market Cap: ر.س223.9b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

China CITIC Bank

Market Cap: CN¥421.6b

Provides various banking products and services in the People’s Republic of China and internationally.

Sempra

Market Cap: US$59.2b

Operates as an energy infrastructure company in the United States and internationally.

Danone

Market Cap: €50.7b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

MediaTek

Market Cap: NT$1.8t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

Nordea Bank Abp

Market Cap: €50.4b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Aflac

Market Cap: US$57.9b

Through its subsidiaries, provides supplemental health and life insurance products.

Wal-Mart de México. de

Market Cap: Mex$1.1t

Owns and operates self-service stores in Mexico and Central America.

Assicurazioni Generali

Market Cap: €50.1b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Saudi Telecom

Market Cap: ر.س214.6b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Manulife Financial

Market Cap: CA$80.5b

Provides financial products and services in the United States, Canada, Asia, and internationally.

ITC

Market Cap: ₹5.1t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Truist Financial

Market Cap: US$56.8b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Crédit Agricole

Market Cap: €48.7b

Provides retail and corporate banking, insurance, and investment banking products and services in France, Italy, rest of the European Union, rest of Europe, North America, Central and South America, Africa, the Middle East, the Asia Pacific, and Japan.

Allstate

Market Cap: US$55.4b

Provides property and casualty, and other insurance products in the United States and Canada.

Federal National Mortgage Association

Market Cap: US$55.3b

Provides financing solutions for residential mortgages in the United States.