Serbian Telecom Defensive Blue Chips

Banca Monte dei Paschi di Siena

Market Cap: €35.8b

Provides various banking products and services in Italy and internationally.

ABN AMRO Bank

Market Cap: €35.3b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Vodafone Group

Market Cap: UK£30.3b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

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

Market Cap: ر.ق147.4b

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

IDEXX Laboratories

Market Cap: US$40.2b

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

Axis Bank

Market Cap: ₹3.9t

Provides various financial products and services in India and internationally.

Wuliangye YibinLtd

Market Cap: CN¥268.3b

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

Sompo Holdings

Market Cap: JP¥6.2t

Provides property and casualty (P&C) insurance products and services in Japan and internationally.

American International Group

Market Cap: US$39.7b

Provides insurance products for commercial, institutional, and individual customers in North America and internationally.

Tesco

Market Cap: UK£29.7b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł150.5b

Provides various banking products and services in Poland and internationally.

OTP Bank Nyrt

Market Cap: Ft12.5t

Provides various commercial banking services.

Sysco

Market Cap: US$39.2b

Through its subsidiaries, engages in the sale, marketing, and distribution of food and related products to restaurants, healthcare and educational facilities, lodging establishments, and other foodservice customers.

Consolidated Edison

Market Cap: US$38.9b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

GigaDevice Semiconductor

Market Cap: CN¥260.5b

Engages in the research, development, technical support, and sale of memory, microcontrollers, sensors, and analog chips.

Microchip Technology

Market Cap: US$38.8b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

SSE

Market Cap: UK£29.0b

Engages in the generation, transmission, distribution, and supply of electricity.

Telstra Group

Market Cap: AU$54.2b

Provides telecommunications services in Australia and internationally.

Bank Leumi le-Israel B.M

Market Cap: ₪116.9b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

Shinhan Financial Group

Market Cap: ₩53.2t

Provides financial products and services in South Korea, Vietnam, and Japan.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ138.0b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Rocket Companies

Market Cap: US$37.3b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Fomento Económico Mexicano. de

Market Cap: Mex$642.6b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

Renesas Electronics

Market Cap: JP¥5.8t

Engages in the design, research, development, manufacturing, sale, and service of semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

Kroger

Market Cap: US$37.1b

Operates as a food and drug retailer in the United States.

SJ Semiconductor

Market Cap: CN¥248.5b

Operates as an integrated circuit wafer-level advanced packaging and testing company in China and internationally.

Hartford Insurance Group

Market Cap: US$36.8b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

ACWA Power

Market Cap: ر.س137.3b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Talanx

Market Cap: €31.8b

Provides insurance and reinsurance products and services worldwide.

Samsung Life Insurance

Market Cap: ₩50.4t

Engages in the life insurance business to corporate and individual customers in South Korea and internationally.

Martin Marietta Materials

Market Cap: US$36.0b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Resona Holdings

Market Cap: JP¥5.6t

Through its subsidiaries, engages in the provision retail and commercial banking products and services in Japan and internationally.

Montage Technology

Market Cap: CN¥237.7b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People’s Republic of China.

Hannover Rück

Market Cap: €30.8b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Disco

Market Cap: JP¥5.5t

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

Chunghwa Telecom

Market Cap: NT$1.1t

Operates as an integrated telecommunications service provider in Taiwan and internationally.