Botswanan Materials Defensive Blue Chips

ON Semiconductor

Market Cap: US$51.6b

Provides intelligent sensing and power solutions in Hong Kong, Singapore, the United Kingdom, the United States, and internationally.

Erste Group Bank

Market Cap: €45.2b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥349.2b

Advanced Micro-Fabrication Equipment Inc.

Entergy

Market Cap: US$51.4b

Engages in the production and retail distribution of electricity in the United States.

Montage Technology

Market Cap: CN¥348.1b

An integrated circuit (IC) design company, provides IC-based solutions for cloud computing and AI infrastructure in the People’s Republic of China.

Orange

Market Cap: €44.8b

Operates as a telecommunications operator in France and internationally.

Credo Technology Group Holding

Market Cap: US$50.7b

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.

United Overseas Bank

Market Cap: S$65.2b

Provides banking products and services worldwide.

Wal-Mart de México. de

Market Cap: Mex$871.7b

Owns and operates self-service stores in Mexico and Central America.

Nanya Technology

Market Cap: NT$1.6t

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

Edwards Lifesciences

Market Cap: US$49.4b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Sberbank of Russia

Market Cap: ₽3.0t

Sberbank of Russia, together with its subsidiaries, provides corporate and retail banking products and services to individuals, small businesses, corporate clients, and financial institutions.

Cerebras Systems

Market Cap: US$49.3b

Operates as an artificial intelligence infrastructure company.

GLOBALFOUNDRIES

Market Cap: US$49.2b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Ambev

Market Cap: R$251.8b

Through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, soft drinks, malt and food, and other beverages in Brazil, Central America and Caribbean, Latin America South, and Canada.

Danone

Market Cap: €42.7b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Fifth Third Bancorp

Market Cap: US$48.6b

Operates as the bank holding company for Fifth Third Bank, National Association that provides a range of financial products and services in the United States.

Kuwait Finance House K.S.C.P

Market Cap: د.ك14.8b

Provides Islamic banking products and services in the Middle East, Europe, and internationally.

Adani Power

Market Cap: ₹4.5t

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.

Commerzbank

Market Cap: €41.2b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, and Asia.

Moore Threads Technology

Market Cap: CN¥315.2b

Engages in the development of GPU chips and related products.

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ170.3b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Endesa

Market Cap: €40.2b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Swiss Re

Market Cap: CHF 36.6b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

Shanghai Pudong Development Bank

Market Cap: CN¥305.1b

Provides commercial banking products and services in China and internationally.

RWE

Market Cap: €39.3b

Generates and supplies electricity from renewable and conventional sources in Germany, the United Kingdom, rest of Europe, North America, and internationally.

Hua Hong Grace Semiconductor

Market Cap: HK$351.0b

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

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥303.3b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق163.0b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

Axis Bank

Market Cap: ₹4.2t

Provides various financial products and services in India and internationally.

Diageo

Market Cap: UK£33.7b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

DNB Bank

Market Cap: NOK 426.6b

Provides financial services to individuals and businesses in Norway and internationally.

Siemens Healthineers

Market Cap: €38.5b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers in Germany, the United States, rest of Europe, CIS, Africa, the Middle East, the Americas, the Asia Pacific, Japan, and China.

Wuliangye YibinLtd

Market Cap: CN¥297.1b

Manufactures and sells liquor and wine products and related auxiliary products under the Wuliangye brand in China.

PICC Property and Casualty

Market Cap: HK$342.3b

Engages in property and casualty insurance business in People’s Republic of China.

Heineken

Market Cap: €38.2b

Heineken N.V. brews and sells beer and cider in Europe, the Americas, Africa, the Middle East, and the Asia Pacific.