Botswanan Automobiles Defensive Blue Chips

Coca-Cola Consolidated

Market Cap: US$11.5b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Bank Permata

Market Cap: Rp190.9t

Provides various banking products and services in Indonesia.

Bank Albilad

Market Cap: ر.س42.8b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Baloise Holding

Market Cap: CHF 9.2b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

Banco de Crédito e Inversiones

Market Cap: CL$10.7t

Provides various banking products and services in Chile, United States, and Peru.

United Spirits

Market Cap: ₹1.0t

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

ING Bank Slaski

Market Cap: zł41.8b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Shanghai Electric Power

Market Cap: CN¥80.5b

Engages in the integration of clean energy, new energy, smart energy technology research and development and application, modern energy supply, and services in China and internationally.

American Financial Group

Market Cap: US$11.3b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

HKT Trust and HKT

Market Cap: HK$87.6b

An investment holding company, engages in the provision of technology, and satellite-and network-based telecommunications and related services in Hong Kong, Mainland China, and internationally.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$1.5b

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

TIM

Market Cap: R$60.1b

A telecommunications company, provides mobile, fixed, long-distance, data transmission, and broadband services in Brazil.

SinoPac Financial Holdings

Market Cap: NT$347.2b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

ICICI Lombard General Insurance

Market Cap: ₹995.6b

Provides various general insurance products and services in India.

China Zheshang Bank

Market Cap: HK$87.3b

Provides various commercial banking products and services in Mainland China.

Shree Cement

Market Cap: ₹990.4b

Engages in the manufacture and sale of cement and clinker in India and internationally.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م103.4b

Provides various telecommunication solutions in Morocco and internationally.

MACOM Technology Solutions Holdings

Market Cap: US$11.1b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Lumen Technologies

Market Cap: US$11.1b

A networking company, provides integrated products and services to business and mass customers in the United States and internationally.

Industrial Bank of Korea

Market Cap: ₩16.0t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

China Resources Beer (Holdings)

Market Cap: HK$85.9b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Sanlam

Market Cap: R191.8b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Assurant

Market Cap: US$11.0b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Waaree Energies

Market Cap: ₹969.1b

Manufactures and exports solar photovoltaic modules for residential, commercial, industrial, and institutional projects.

Chubu Electric Power Company

Market Cap: JP¥1.7t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Ensign Group

Market Cap: US$10.9b

Provides skilled nursing, senior living, and rehabilitative services.

Skyworks Solutions

Market Cap: US$10.9b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Far EasTone Telecommunications

Market Cap: NT$337.1b

Engages in the provision of telecommunications and digital application services in Taiwan.

Chongqing Rural Commercial Bank

Market Cap: HK$84.7b

Provides banking services in the People’s Republic of China.

Tele2

Market Cap: SEK 104.4b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

Tsingtao Brewery

Market Cap: CN¥77.5b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

Italgas

Market Cap: €9.4b

Engages in the distribution of natural gas in Italy, Greece, and Other European Union countries.

Hippo Valley Estates

Market Cap: US$1.4b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

CSI Solar

Market Cap: CN¥76.7b

Designs, processes, produces, and sells solar modules and photovoltaic systems in China and internationally.

Taiwan Mobile

Market Cap: NT$332.7b

Provides wireless communication services in Taiwan, the Republic of China, and internationally.

Centrica

Market Cap: UK£8.2b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.