Serbian Software Defensive Blue Chips

China National Nuclear Power

Market Cap: CN¥186.6b

Engages in the investment, construction, operation, and management of nuclear power projects in the People's Republic of China.

Dollar General

Market Cap: US$27.5b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥184.2b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Amrize

Market Cap: CHF 22.0b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America and Canada.

Aviva

Market Cap: UK£20.2b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, India, and China.

Avenue Supermarts

Market Cap: ₹2.6t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

Banco BPM

Market Cap: €23.7b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

TS Financial Holding

Market Cap: NT$869.0b

Provides various financial products and services.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 21.8b

Engages in the development, manufacture, and sale of chocolate products worldwide.

PPL

Market Cap: US$26.7b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

Regions Financial

Market Cap: US$26.5b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

China Everbright Bank

Market Cap: CN¥179.8b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

New China Life Insurance

Market Cap: CN¥179.5b

Provides life insurance products and services to individuals and institutions in China.

Huadian New Energy Group

Market Cap: CN¥179.0b

Engages in the power generation business in China.

Helvetia Baloise Holding

Market Cap: CHF 21.4b

Engages in life and non-life insurance, and reinsurance business.

American Water Works Company

Market Cap: US$26.1b

Through its subsidiaries, provides water and wastewater services in the United States.

AIB Group

Market Cap: €22.9b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Suzhou Centec Communications

Market Cap: CN¥176.4b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Banco de Crédito del Perú

Market Cap: S/88.2b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Yuanjie Semiconductor Technology

Market Cap: CN¥175.6b

Yuanjie Semiconductor Technology Co., Ltd.

QBE Insurance Group

Market Cap: AU$37.0b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Koninklijke Philips

Market Cap: €22.7b

Operates as a health technology company in North America, the Greater China, and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €22.6b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Tower Semiconductor

Market Cap: US$25.6b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥173.2b

Inner Mongolia Yili Industrial Group Co., Ltd.

China Unicom (Hong Kong)

Market Cap: HK$200.1b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp454.7t

Provides various banking products and services in Indonesia and internationally.

BT Group

Market Cap: UK£19.0b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

KeyCorp

Market Cap: US$25.2b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Mediobanca Banca di Credito Finanziario

Market Cap: €22.0b

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

CLP Holdings

Market Cap: HK$195.8b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

MTN Group

Market Cap: R409.2b

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

Markel Group

Market Cap: US$24.8b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

Public Bank Berhad

Market Cap: RM 100.0b

Provides banking products and services.

Dollar Tree

Market Cap: US$24.3b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

Principal Financial Group

Market Cap: US$24.2b

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