Serbian Software Defensive Blue Chips

Monolithic Power Systems

Market Cap: US$59.9b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally.

Becton Dickinson

Market Cap: US$59.8b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Wuliangye YibinLtd

Market Cap: CN¥413.4b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

Saudi Telecom

Market Cap: ر.س221.9b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

China CITIC Bank

Market Cap: CN¥408.5b

Provides various banking products and services in the People’s Republic of China and internationally.

Wal-Mart de México. de

Market Cap: Mex$1.0t

Owns and operates self-service stores in Mexico and Central America.

BOC Hong Kong (Holdings)

Market Cap: HK$460.3b

An investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, China, and internationally.

China Pacific Insurance (Group)

Market Cap: CN¥406.0b

Provides insurance products to individual and institutional customers in the People’s Republic of China.

Emirates NBD Bank PJSC

Market Cap: د.إ214.8b

Engages in the provision of corporate, institutional, retail, treasury, and Islamic banking services.

Standard Chartered

Market Cap: UK£42.8b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

FBC Holdings

Market Cap: US$7.5b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Loblaw Companies

Market Cap: CA$78.6b

A food and pharmacy company, provides grocery, pharmacy and healthcare services, health and beauty products, apparel, general merchandise, financial services, and wireless mobile products and services in Canada and the United States.

KBC Group

Market Cap: €48.6b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Industrial Bank

Market Cap: CN¥398.3b

Provides banking products and services in the People’s Republic of China.

NXP Semiconductors

Market Cap: US$57.6b

Provides semiconductor products in China, the United States, Germany, Japan, Singapore, South Korea, Mexico, the Netherlands, Taiwan, and internationally.

Sempra

Market Cap: US$57.0b

Operates as an energy infrastructure company in the United States and internationally.

E.ON

Market Cap: €46.6b

Operates as an energy company in Germany, the United Kingdom, Sweden, the Netherlands, rest of Europe, and internationally.

Holcim

Market Cap: CHF 42.3b

Provides building materials and solutions worldwide.

Rocket Companies

Market Cap: US$55.2b

Provides spanning mortgage, real estate, and personal finance services in the United States and Canada.

Bank Central Asia

Market Cap: Rp919.5t

Provides commercial banking and other financial services.

People's Insurance Company (Group) of China

Market Cap: HK$427.0b

An investment holding company, provides insurance products and services in the People’s Republic of China and Hong Kong.

Siemens Healthineers

Market Cap: €45.5b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Allstate

Market Cap: US$54.0b

Provides property and casualty, and other insurance products in the United States and Canada.

Alimentation Couche-Tard

Market Cap: CA$72.9b

Operates and licenses convenience stores in North America, Europe, and Asia.

Diageo

Market Cap: UK£39.0b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Danone

Market Cap: €44.8b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Cardinal Health

Market Cap: US$53.3b

Operates as a healthcare services and products company in the United States and internationally.

Disco

Market Cap: JP¥8.2t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Orange

Market Cap: €44.1b

Operates as a telecommunications operator in France and internationally.

Target

Market Cap: US$52.3b

Operates as a general merchandise retailer in the United States.

IDEXX Laboratories

Market Cap: US$51.5b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق185.4b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

United Overseas Bank

Market Cap: S$64.3b

Provides banking products and services worldwide.

NAURA Technology Group

Market Cap: CN¥349.8b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

MetLife

Market Cap: US$50.1b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Erste Group Bank

Market Cap: €41.8b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.