Serbian Telecom Defensive Blue Chips

Hannover Rück

Market Cap: €30.4b

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

Resona Holdings

Market Cap: JP¥5.5t

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

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ126.5b

Provides banking products and services in the United Arab Emirates and internationally.

Bank Hapoalim B.M

Market Cap: ₪104.5b

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

CEZ a. s

Market Cap: Kč726.8b

Engages in the generation, distribution, trade, and sale of electricity, heat, thermal energy and other commodities in Central Europe.

ITC

Market Cap: ₹3.3t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Bank of Ningbo

Market Cap: CN¥228.8b

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

BPER Banca

Market Cap: €29.6b

Engages in the provision of banking products and services for individuals, and businesses and professionals in Italy and internationally.

Yuanjie Semiconductor Technology

Market Cap: CN¥228.0b

Yuanjie Semiconductor Technology Co., Ltd.

Ping An Bank

Market Cap: CN¥227.0b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Hershey

Market Cap: US$33.8b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Hua Hong Grace Semiconductor

Market Cap: HK$265.2b

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

UltraTech Cement

Market Cap: ₹3.2t

Engages in the manufacturing, marketing, and distribution of building materials in India and internationally.

Bank of Jiangsu

Market Cap: CN¥223.3b

Provides various banking products and services in China.

Woolworths Group

Market Cap: AU$46.6b

Operates retail stores in Australia and New Zealand.

Shanghai Enflame Technology

Market Cap: CN¥222.5b

Develops and offers cloud-based deep learning chips for artificial intelligence training platforms.

DexCom

Market Cap: US$33.2b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems for the management of diabetes and metabolic health in the United States and internationally.

Centene

Market Cap: US$33.1b

Operates as a managed care company that provides programs and services to under-insured families, and commercial organizations in the United States.

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥222.0b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Credo Technology Group Holding

Market Cap: US$33.1b

Provides various high-speed connectivity solutions for optical and electrical Ethernet and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and other international markets.

Fairfax Financial Holdings

Market Cap: CA$46.0b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

Arch Capital Group

Market Cap: US$32.9b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Intact Financial

Market Cap: CA$45.9b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

M&T Bank

Market Cap: US$32.7b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

ResMed

Market Cap: US$32.7b

Engages in the digital health and cloud-connected medical devices business in the United States and internationally.

Prudential

Market Cap: UK£24.1b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

Huntington Bancshares

Market Cap: US$32.1b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Capitec

Market Cap: R516.6b

Through its subsidiaries, provides various banking products and services in South Africa.

Koninklijke Ahold Delhaize

Market Cap: €27.6b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Vulcan Materials

Market Cap: US$31.7b

Produces and supplies construction aggregates in the United States.

Alcon

Market Cap: CHF 25.9b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Naturgy Energy Group

Market Cap: €27.4b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Swiss Life Holding

Market Cap: CHF 25.8b

Provides life, pensions, and financial solutions for private and corporate clients.

Svenska Handelsbanken

Market Cap: SEK 306.3b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

Grupo Financiero Banorte. de

Market Cap: Mex$536.8b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Piotech

Market Cap: CN¥208.4b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.