Serbian Software Defensive Blue Chips

CP ALL

Market Cap: ฿465.6b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Wens Foodstuff Group

Market Cap: CN¥102.5b

Operates as an agricultural and animal husbandry company in China.

SDIC Power Holdings

Market Cap: CN¥102.3b

Engages in the electricity generation business in China.

Bankinter

Market Cap: €12.5b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

ASR Nederland

Market Cap: €12.5b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Universal Health Services

Market Cap: US$14.7b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Brookfield Wealth Solutions

Market Cap: US$14.7b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

Krung Thai Bank

Market Cap: ฿457.7b

Engages in commercial banking business in Thailand and internationally.

Tryg

Market Cap: DKK 92.4b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

Erie Indemnity

Market Cap: US$14.6b

Operates as a managing attorney-in-fact for the subscribers at the Erie Insurance Exchange in the United States.

Jentech Precision Industrial

Market Cap: NT$458.1b

Manufactures, processes, and trades in precision tooling, and electronic parts and components in Taiwan and China.

James Hardie Industries

Market Cap: AU$20.6b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

Origin Energy

Market Cap: AU$20.5b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Tele2

Market Cap: SEK 130.7b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Xi'an ESWIN Material Technology

Market Cap: CN¥100.2b

Xi'an ESWIN Material Technology Co., Ltd.

Pinnacle Financial Partners

Market Cap: US$14.5b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Huaneng Power International

Market Cap: HK$112.9b

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

Reinsurance Group of America

Market Cap: US$14.4b

Provides reinsurance and financial solutions.

Industrial Bank of Korea

Market Cap: ₩20.9t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

Tower Semiconductor

Market Cap: US$14.4b

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

FinecoBank Banca Fineco

Market Cap: €12.2b

Provides banking, credit, trading and investment services in Italy.

Ambuja Cements

Market Cap: ₹1.3t

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

Coca-Cola Consolidated

Market Cap: US$14.2b

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

Mapfre

Market Cap: €12.0b

Engages in insurance, reinsurance, and financial activities in Spain.

Etihad Etisalat

Market Cap: ر.س52.9b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

ageas

Market Cap: €11.9b

Engages in insurance business.

Gjensidige Forsikring

Market Cap: NOK 133.3b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Absa Group

Market Cap: R224.2b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Technoprobe

Market Cap: €11.8b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Indian Bank

Market Cap: ₹1.3t

Provides various banking products and services.

Brown-Forman

Market Cap: US$13.9b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Aier Eye Hospital Group

Market Cap: CN¥96.0b

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

Indus Towers

Market Cap: ₹1.3t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

Phoenix Financial

Market Cap: ₪43.1b

Provides multi-line insurance products in Israel.

Vodafone Idea

Market Cap: ₹1.3t

Provides mobile telecommunication services in India.

Sanlam

Market Cap: R221.5b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.