Serbian Transportation Defensive Blue Chips

Great Eastern Holdings

Market Cap: S$19.6b

An investment holding company, provides insurance products in Singapore, Malaysia, and rest of Asia.

Coloplast

Market Cap: DKK 98.8b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

Pinnacle Financial Partners

Market Cap: US$15.4b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

Asahi Group Holdings

Market Cap: JP¥2.4t

Engages in the manufacture and sale of beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Attijariwafa bank

Market Cap: د.م142.1b

Provides banking products and services for retail, professionals, corporates, and institutional clients in Africa, Europe, and the Middle East.

Enpara Bank

Market Cap: ₺737.3b

Provides banking services and products in Turkey.

Public Power

Market Cap: €13.1b

Generates, transmits, and distributes electricity in Greece, Romania, Bulgaria, and North Macedonia.

Kirin Holdings Company

Market Cap: JP¥2.4t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

OmniVision Integrated Circuits Group

Market Cap: CN¥102.4b

Engages in the design, development, and sale of integrated circuits and computer software and hardware in China and internationally.

JD Health International

Market Cap: HK$119.0b

An investment holding company, engages in the operation of an online healthcare platform in the People’s Republic of China.

Grupo Bimbo. de

Market Cap: Mex$257.2b

Produces, distributes, and markets bakery products.

GlobalWafers

Market Cap: NT$482.9b

Researches, develops, designs, manufactures and sells semiconductor ingots/wafers in Taiwan and internationally.

First Financial Holding

Market Cap: NT$482.4b

Provides various financial products and services in Asia, North America, Oceania, and Europe.

Varun Beverages

Market Cap: ₹1.4t

Manufactures, bottles, sells, and distributes beverages under the PepsiCo brands in India, Sri Lanka, Nepal, Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana.

Gjensidige Forsikring

Market Cap: NOK 140.8b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

Phoenix Financial

Market Cap: ₪45.0b

Operates as a financial services company in Israel.

Brookfield Wealth Solutions

Market Cap: US$15.0b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

McCormick

Market Cap: US$14.9b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Cooper Companies

Market Cap: US$14.9b

Develops, manufactures, and markets contact lens wearers.

Phison Electronics

Market Cap: NT$472.2b

Designs, manufactures, and sells flash memory controllers and peripheral system applications in Asia, the United States, Europe, Australia, and internationally.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ54.1b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Union Bank of India

Market Cap: ₹1.4t

Provides banking products and services in India.

Rede D'Or São Luiz

Market Cap: R$74.7b

Engages in the provision of hospital services in Brazil.

Piraeus Bank

Market Cap: €12.4b

Provides various banking products and services in Greece, Europe, and internationally.

Origin Energy

Market Cap: AU$20.3b

An integrated energy company, engages in the exploration and production of natural gas, electricity generation, wholesale and retail sale of electricity and gas, and sale of liquefied natural gas in Australia and internationally.

Pro Medicus

Market Cap: AU$20.2b

A healthcare informatics company, provides medical imaging software and services to hospitals, imaging centers, and health care groups in Australia, Europe, and North America.

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia

Market Cap: Rp258.3t

Provides information and communications technology, and telecommunications network services worldwide.

United Utilities Group

Market Cap: UK£10.6b

Provides water and wastewater services in the United Kingdom.

Olympus

Market Cap: JP¥2.3t

Engages in the manufacture and sale of medical equipment in Japan, America, the Middle East, Asia, and Oceania.

Onto Innovation

Market Cap: US$14.4b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

Mora Telematika Indonesia

Market Cap: Rp255.6t

Operates as a telecommunications infrastructure and network provider in Indonesia and Singapore.

HANMI Semiconductor

Market Cap: ₩19.8t

Manufactures and sells semiconductor equipment in South Korea and internationally.

Tryg

Market Cap: DKK 91.5b

Engages in the provision of insurance products and services to private, small and medium sized commercial, and corporate customers in Denmark, the United States, rest of Nordic, Luxembourg, the United Kingdom, and internationally.

T&D Holdings

Market Cap: JP¥2.3t

Through its subsidiaries, provides insurance products and services in Japan.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ52.1b

Provides mobile, fixed services, broadband connectivity, and IPTV solutions to homes and businesses in the United Arab Emirates.

Everest Group

Market Cap: US$14.2b

Together with subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally.