Serbian Transportation Defensive Blue Chips

Vulcan Materials

Market Cap: US$36.8b

Produces and supplies construction aggregates in the United States.

UltraTech Cement

Market Cap: ₹3.5t

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

Kroger

Market Cap: US$36.7b

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

M&T Bank

Market Cap: US$36.3b

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.

ABN AMRO Bank

Market Cap: €31.4b

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.

Hua Hong Grace Semiconductor

Market Cap: HK$283.1b

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

Intact Financial

Market Cap: CA$50.2b

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

Arch Capital Group

Market Cap: US$35.5b

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

Koninklijke Ahold Delhaize

Market Cap: €30.5b

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

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.

Nanya Technology

Market Cap: NT$1.1t

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

CEZ a. s

Market Cap: Kč724.7b

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

Hon. Precision

Market Cap: NT$1.1t

Engages in the manufacture and sale of machinery and related components, automatic control equipment engineering, and machinery installations in Taiwan.

Bank Leumi le-Israel B.M

Market Cap: ₪105.1b

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

Martin Marietta Materials

Market Cap: US$34.2b

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

Federal National Mortgage Association

Market Cap: US$34.2b

Provides financing solutions for residential mortgages in the United States.

Talanx

Market Cap: €29.6b

Provides insurance and reinsurance products and services worldwide.

Huntington Bancshares

Market Cap: US$34.0b

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

SJ Semiconductor

Market Cap: CN¥228.9b

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

Alcon

Market Cap: CHF 27.4b

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

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Veeva Systems

Market Cap: US$33.8b

Provides cloud-based software for the life sciences industry in North America, Europe, the Asia Pacific, the Middle East, Africa, and Latin America.

Chunghwa Telecom

Market Cap: NT$1.1t

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

BPER Banca

Market Cap: €29.1b

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

Ping An Bank

Market Cap: CN¥225.7b

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

Heidelberg Materials

Market Cap: €28.9b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Shinhan Financial Group

Market Cap: ₩47.8t

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

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.

Swiss Life Holding

Market Cap: CHF 26.6b

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

Foshan Haitian Flavouring and Food

Market Cap: CN¥221.5b

Foshan Haitian Flavouring and Food Company Ltd.

Kraft Heinz

Market Cap: US$32.8b

Manufactures and markets food and beverage products in North America and internationally.

Muyuan Foods Group

Market Cap: CN¥220.6b

Operates as a pork company in the hog farming industry in China.

Capitec Bank Holdings

Market Cap: R539.8b

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

Malayan Banking Berhad

Market Cap: RM 131.8b

Provides commercial banking and related financial products and services.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ118.4b

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

Bank of Jiangsu

Market Cap: CN¥217.1b

Provides various banking products and services in China.