Serbian Software Defensive Blue Chips

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.

FinecoBank Banca Fineco

Market Cap: €11.4b

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

WH Group

Market Cap: HK$104.4b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Banco Comercial Português

Market Cap: €11.4b

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

Woori Financial Group

Market Cap: ₩18.5t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Guangdong Haid Group

Market Cap: CN¥95.4b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$396.6b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

Mapfre

Market Cap: €11.4b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Cochlear

Market Cap: AU$20.2b

Provides implantable hearing solutions for children and adults worldwide.

Insurance Australia Group

Market Cap: AU$20.2b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

T&D Holdings

Market Cap: JP¥1.9t

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

Tokyo GasLtd

Market Cap: JP¥1.9t

Engages in the production, supply, and sale of city gas, and LNG in Japan.

Dino Polska

Market Cap: zł47.2b

Operates a network of mid-sized grocery supermarkets under the Dino brand name in Poland.

Celsius Holdings

Market Cap: US$12.9b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

CNA Financial

Market Cap: US$12.9b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

Etihad Etisalat

Market Cap: ر.س48.2b

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

GAIL (India)

Market Cap: ₹1.1t

Operates as a natural gas processing and distribution company in India and internationally.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 55.8b

Produces and supplies hydro, wind, and energy electricity in Romania.

Fisher & Paykel Healthcare

Market Cap: NZ$21.5b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

CP ALL

Market Cap: ฿413.7b

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

Elia Group

Market Cap: €11.0b

Develops and operates as a transmission system operator in Belgium and Germany.

Grupo Bimbo. de

Market Cap: Mex$237.2b

Produces, distributes, and sells various bakery products.

Almarai

Market Cap: ر.س47.6b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩17.6t

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

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

CEMEX. de

Market Cap: Mex$232.7b

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

Maplebear

Market Cap: US$12.4b

Maplebear Inc., doing business as Instacart, engages in the provision of online grocery shopping services to households in North America.

HKT Trust and HKT

Market Cap: HK$97.5b

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.

Centene

Market Cap: US$12.4b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ45.6b

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

China Zheshang Bank

Market Cap: HK$97.2b

Provides various commercial banking products and services in Mainland China.

Shanghai Rural Commercial Bank

Market Cap: CN¥88.9b

Provides a range of banking products and services to individual and corporate customers in China.

ING Bank Slaski

Market Cap: zł45.1b

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

BB Seguridade Participações

Market Cap: R$66.9b

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

Kasikornbank

Market Cap: ฿398.0b

Provides commercial banking products and services in Thailand and internationally.

Mr. Cooper Group

Market Cap: US$12.2b

Operates as a non-bank servicer of residential mortgage loans in the United States.