Serbian Software Defensive Blue Chips

Celsius Holdings

Market Cap: US$11.9b

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

Cochlear

Market Cap: AU$16.8b

Provides implantable hearing solutions for children and adults worldwide.

Taiwan Cooperative Financial Holding

Market Cap: NT$374.8b

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

Unum Group

Market Cap: US$11.9b

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

Aegon

Market Cap: €9.9b

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

Webster Financial

Market Cap: US$11.8b

Operates as the bank holding company for Webster Bank, National Association that provides various financial products and services to businesses, individuals, and families in the United States.

Assurant

Market Cap: US$11.8b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Centrica

Market Cap: UK£8.6b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥81.3b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally.

Jinko Solar

Market Cap: CN¥81.2b

Engages in the research, development, manufacturing, and sale of photovoltaic products and clean energy solutions in China, Europe, America, the Asia Pacific, and internationally.

Manila Electric

Market Cap: ₱686.4b

Manila Electric Company holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.

Oklo

Market Cap: US$11.7b

Develops advanced fission power plants to provide clean, reliable, and affordable energy at scale to the customers in the United States.

Globus Medical

Market Cap: US$11.7b

A medical device company, develops and commercializes healthcare solutions for patients with musculoskeletal disorders in the United States and internationally.

China Taiping Insurance Holdings

Market Cap: HK$91.6b

An investment holding company, underwrites various insurance and reinsurance products in the People’s Republic of China, Hong Kong, Macau, Singapore, and internationally.

Magnum Ice Cream

Market Cap: €9.8b

Engages in ice cream business.

King Yuan Electronics

Market Cap: NT$369.3b

Engages in the designing, manufacturing, selling, testing, and assembly service of integrated circuits.

HKT Trust and HKT

Market Cap: HK$91.0b

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.

SBI Shinsei Bank

Market Cap: JP¥1.8t

Provides banking and financial products and services to individual customers, corporations, public-sector entities, and financial institutions in Japan.

iA Financial

Market Cap: CA$15.7b

Provides insurance and wealth management services for individual and group basis in Canada and the United States.

Ryan Specialty Holdings

Market Cap: US$11.5b

Operates as a service provider of specialty products and solutions for insurance brokers, agents, and carriers in the United States, Canada, the United Kingdom, rest of Europe, India, and Singapore.

Sejahteraraya Anugrahjaya

Market Cap: Rp192.0t

Provides medical services in Indonesia.

Rambus

Market Cap: US$11.5b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

Ensign Group

Market Cap: US$11.5b

Provides skilled nursing, senior living, and rehabilitative services.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Provides healthcare services in India.

China Resources Microelectronics

Market Cap: CN¥79.0b

Engages in the manufacture and sale of semiconductors in China and internationally.

Millicom International Cellular

Market Cap: US$11.4b

Provides cable and mobile services in Latin America.

Admiral Group

Market Cap: UK£8.3b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, Spain, and the United States.

Komercní banka

Market Cap: Kč231.3b

Provides various retail, corporate, and investment banking services primarily in the Czech Republic, and Central and Eastern Europe.

China Resources Beer (Holdings)

Market Cap: HK$88.6b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Almarai

Market Cap: ر.س42.5b

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

Alpha Bank

Market Cap: €9.5b

Provides various banking and financial products and services in Greece and internationally.

China Zheshang Bank

Market Cap: HK$88.2b

Provides various commercial banking products and services in Mainland China.

Globe Life

Market Cap: US$11.3b

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

Vietnam Commercial Bank for Industry and Trade

Market Cap: ₫288.2t

Provides various banking products and services to individuals, businesses, and organizations in Vietnam and internationally.

Arab National Bank

Market Cap: ر.س42.0b

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.

ASPEED Technology

Market Cap: NT$352.5b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.