Botswanan Automobiles Defensive Blue Chips

Muyuan Foods

Market Cap: CN¥260.2b

Operates in the hog industry in China.

Hang Seng Bank

Market Cap: HK$284.5b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

Fairfax Financial Holdings

Market Cap: CA$51.0b

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

Hershey

Market Cap: US$36.3b

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

Telstra Group

Market Cap: AU$55.7b

Provides telecommunications and information services in Australia and internationally.

Prudential

Market Cap: UK£27.5b

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

Hannover Rück

Market Cap: €31.2b

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

Sysco

Market Cap: US$35.8b

Through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally.

Intact Financial

Market Cap: CA$50.1b

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

ResMed

Market Cap: US$35.7b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp593.3t

Provides various banking products and services in Indonesia and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 28.1b

Engages in the manufacture and sale of chocolate products worldwide.

SSE

Market Cap: UK£26.7b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥249.2b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Swedbank

Market Cap: SEK 326.8b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥242.8b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Disco

Market Cap: JP¥5.2t

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

Talanx

Market Cap: €28.9b

Provides insurance and reinsurance products and services worldwide.

Arch Capital Group

Market Cap: US$33.4b

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

Adani Power

Market Cap: ₹3.0t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

GE HealthCare Technologies

Market Cap: US$33.3b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

CEZ a. s

Market Cap: Kč691.4b

Engages in the generation, distribution, trade, and sale of electricity and heat in Western, Central, and Southeastern Europe.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.1t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Sun Life Financial

Market Cap: CA$46.3b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Imperial Brands

Market Cap: UK£25.0b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Chunghwa Telecom

Market Cap: NT$1.0t

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

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

Fresenius SE KGaA

Market Cap: €27.5b

A health care company, provides products and services for chronically ill patients.

Ping An Bank

Market Cap: CN¥226.5b

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

Grupo Nutresa S. A

Market Cap: Col$119.8t

Operates in the food industry in Colombia, Latin America, and internationally.

NRG Energy

Market Cap: US$31.7b

Operates as an energy and home services company in the United States and Canada.

Seven & i Holdings

Market Cap: JP¥4.9t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

Power Corporation of Canada

Market Cap: CA$44.2b

An international management and holding company, provides financial services in North America, Europe, and Asia.

Bank Leumi le-Israel B.M

Market Cap: ₪102.0b

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

KB Financial Group

Market Cap: ₩45.8t

Provides various banking and related financial services to consumers and corporations in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.