Serbian Software Defensive Blue Chips

Kasikornbank

Market Cap: ฿394.5b

Provides commercial banking products and services in Thailand and internationally.

CEMEX. de

Market Cap: Mex$226.5b

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

Reinsurance Group of America

Market Cap: US$12.1b

Provides reinsurance and financial solutions.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.7b

Henan Shuanghui Investment & Development Co.,Ltd.

NMBZ Holdings

Market Cap: US$1.6b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Unum Group

Market Cap: US$12.0b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م108.3b

Provides various telecommunication solutions in Morocco and internationally.

Chandra Daya Investasi

Market Cap: Rp195.4t

Operates as an infrastructure investment holding company.

Tata Consumer Products

Market Cap: ₹1.0t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Grupo Cibest

Market Cap: Col$48.1t

Provides banking products and services in Colombia and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق43.0b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Engages in the provision of healthcare services in India and internationally.

BKW

Market Cap: CHF 9.5b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

True Corporation

Market Cap: ฿380.1b

Provides telecommunications and value-added services in Thailand.

Baloise Holding

Market Cap: CHF 9.5b

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

Encompass Health

Market Cap: US$11.7b

Provides post-acute healthcare services in the United States and Puerto Rico.

Pilgrim's Pride

Market Cap: US$11.7b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Banca Monte dei Paschi di Siena

Market Cap: €10.0b

Engages in the provision of retail and commercial banking services in Italy.

Globe Life

Market Cap: US$11.7b

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

Arab National Bank

Market Cap: ر.س43.6b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Hims & Hers Health

Market Cap: US$11.6b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Union Bank of India

Market Cap: ₹1.0t

Provides banking products and services in India.

Aegon

Market Cap: €9.9b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Baxter International

Market Cap: US$11.5b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

GD Power DevelopmentLtd

Market Cap: CN¥82.0b

Operates as a power generation company in China.

Bank of the Philippine Islands

Market Cap: ₱648.3b

Provides various financial products and services to retail and corporate clients in the Philippines.

RenaissanceRe Holdings

Market Cap: US$11.4b

Provides reinsurance and insurance products in the United States and internationally.

Hua Hong Semiconductor

Market Cap: HK$89.0b

An investment holding company, engages in the manufacture and sale of semiconductor products in China, North America, Asia, Europe, and Japan.

Kirin Holdings Company

Market Cap: JP¥1.7t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Canara Bank

Market Cap: ₹986.9b

Provides various banking products and services in India and internationally.

Tele2

Market Cap: SEK 107.9b

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

Banque Saudi Fransi

Market Cap: ر.س41.9b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Industrial Bank of Korea

Market Cap: ₩15.4t

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

SinoPac Financial Holdings

Market Cap: NT$332.0b

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

Israel Discount Bank

Market Cap: ₪38.0b

Provides various banking and financial services in Israel, Europe, and North America.

BE Semiconductor Industries

Market Cap: €9.5b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.