Serbian Telecom Defensive Blue Chips

BNP Paribas Fortis

Market Cap: €20.6b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

E.SUN Financial Holding Company

Market Cap: NT$748.1b

Offers various financial banking products and services in Taiwan.

First Citizens BancShares

Market Cap: US$23.5b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

NMBZ Holdings

Market Cap: US$3.0b

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

Raiffeisen Bank International

Market Cap: €20.2b

Offers banking services to corporate, retail, and institutional customers.

Aeon

Market Cap: JP¥3.6t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$3.0b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Barito Renewables Energy

Market Cap: Rp413.4t

Generates and sells power through geothermal and wind resources in Indonesia.

Coca-Cola FEMSA. de

Market Cap: US$23.1b

A franchise bottler, produces, markets, sells, and distributes Coca-Cola trademarked beverages in Mexico, Guatemala, Nicaragua, Costa Rica, Panama, Colombia, Brazil, Argentina, and Uruguay.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ84.0b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Public Bank Berhad

Market Cap: RM 93.0b

Provides banking products and services.

AST SpaceMobile

Market Cap: US$22.8b

Designs and develops the constellation of BlueBird satellites in the United States.

Unipol Assicurazioni

Market Cap: €19.8b

Provides insurance products and services primarily in Italy.

China Unicom (Hong Kong)

Market Cap: HK$176.2b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Lasertec

Market Cap: JP¥3.5t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

China Minsheng Banking

Market Cap: CN¥149.3b

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

KeyCorp

Market Cap: US$22.2b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.

Bunge Global

Market Cap: US$22.2b

Operates as an agribusiness and food company worldwide.

Casey's General Stores

Market Cap: US$22.1b

Operates convenience stores under the Casey's and Casey’s General Store names in the United States.

MTN Group

Market Cap: R359.0b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Loews

Market Cap: US$22.0b

Through its subsidiaries, provides commercial property and casualty insurance in the United States and internationally.

Markel Group

Market Cap: US$22.0b

Engages in the insurance business in the United States, the United Kingdom, Bermuda, Germany, rest of the European Union, Canada, and the Asia Pacific.

Bank Mandiri (Persero)

Market Cap: Rp392.0t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Malaysia, Hong Kong, Timor Leste, Shanghai, England, and the Cayman Islands.

Coles Group

Market Cap: AU$30.7b

Operates as a grocery retailer in Australia.

Bank of Ireland Group

Market Cap: €19.1b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Bank of Nanjing

Market Cap: CN¥146.1b

Engages in the provision of various financial products and services in China.

Brown & Brown

Market Cap: US$21.8b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, the United Kingdom, and internationally.

Entegris

Market Cap: US$21.7b

Provides advanced materials and process solutions for the semiconductor and other high-technology industries in North America, Taiwan, South Korea, Japan, China, Europe, and Southeast Asia.

Technoprobe

Market Cap: €18.9b

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

KGI Financial Holding

Market Cap: NT$686.6b

Operates as a financial company in Taiwan and internationally.

Terna

Market Cap: €18.7b

Provides electricity transmission and dispatching services in Italy, other Euro-area countries, and internationally.

Banco Santander (Brasil)

Market Cap: R$110.3b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

SinoPac Financial Holdings

Market Cap: NT$675.5b

Through its subsidiaries, provides banking services worldwide.

Riyad Bank

Market Cap: ر.س79.9b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Dr. Sulaiman Al Habib Medical Services Group

Market Cap: ر.س79.8b

Provides private health and support services in the Kingdom of Saudi Arabia.

ACM Research (Shanghai)

Market Cap: CN¥141.5b

Engages in the research, development, production, and sale of semiconductor equipment in China.