Botswanan Software Defensive Blue Chips

Lattice Semiconductor

Market Cap: US$12.6b

Develops and sells semiconductor, silicon-based and silicon-enabling, evaluation boards, and development hardware products in Asia, Europe, and the Americas.

Pinnacle Financial Partners

Market Cap: US$12.6b

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.

Brookfield Wealth Solutions

Market Cap: US$12.6b

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

Carrefour

Market Cap: €10.8b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Coca-Cola Consolidated

Market Cap: US$12.5b

Manufactures, markets, and distributes nonalcoholic beverages in the United States.

Indian Bank

Market Cap: ₹1.2t

Provides various banking products and services.

Guangdong Haid Group

Market Cap: CN¥86.2b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

China Resources Power Holdings

Market Cap: HK$97.8b

An investment holding company, invests in, develops, operates, and manages power plants and coal mines in the People’s Republic of China.

Kirin Holdings Company

Market Cap: JP¥2.0t

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

Millicom International Cellular

Market Cap: US$12.5b

Provides cable and mobile services in Latin America.

BJ's Wholesale Club Holdings

Market Cap: US$12.5b

Operates membership warehouse clubs on the eastern half of the United States.

Uni-President Enterprises

Market Cap: NT$398.3b

Produces and sells food products in Taiwan and internationally.

Shanghai Rural Commercial Bank

Market Cap: CN¥85.7b

Engages in commercial banking business in China.

Adani Energy Solutions

Market Cap: ₹1.2t

Generates, transmits, and distributes power in India.

Fisher & Paykel Healthcare

Market Cap: NZ$21.2b

Designs, manufactures, markets, and sells medical device products and systems in North America, Europe, the Asia Pacific, and internationally.

Hormel Foods

Market Cap: US$12.3b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

Industrial Bank of Korea

Market Cap: ₩18.5t

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

bioMérieux

Market Cap: €10.6b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Turkiye Garanti Bankasi

Market Cap: ₺546.0b

Provides various banking products and services in Turkey.

CNA Financial

Market Cap: US$12.3b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States, Canada, the United Kingdom, Continental Europe, and internationally.

Emirates Integrated Telecommunications Company PJSC

Market Cap: د.إ45.0b

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

Suncorp Group

Market Cap: AU$17.6b

Provides insurance products to retail, corporate, and commercial customers in Australia and New Zealand.

TIM

Market Cap: R$64.3b

Engages in the telecommunications sector in Brazil.

CP ALL

Market Cap: ฿396.6b

Operates convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internationally.

Indus Towers

Market Cap: ₹1.1t

A telecom infrastructure company, engages in the operation and maintenance of wireless communication towers and related infrastructures for various telecom service providers in India, Nigeria, Uganda, and Zambia.

mBank

Market Cap: zł44.6b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Fidelity National Financial

Market Cap: US$12.1b

Provides various insurance products in the United States.

Chubu Electric Power Company

Market Cap: JP¥1.9t

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

Budweiser Brewing Company APAC

Market Cap: HK$94.1b

An investment holding company, engages in brewing and distribution of beer in South Korea, Japan, New Zealand, China, India, Vietnam, Southeast Asia, and internationally.

Insurance Australia Group

Market Cap: AU$17.2b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Unum Group

Market Cap: US$12.0b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

Fresenius Medical Care

Market Cap: €10.3b

Provides dialysis and related services for individuals with renal diseases in Germany, the United States, and internationally.

Centrica

Market Cap: UK£8.9b

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

Kerry Group

Market Cap: €10.3b

Provides taste and nutrition solutions.

HKT Trust and HKT

Market Cap: HK$92.9b

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.

Orkla

Market Cap: NOK 115.3b

Operates as an industrial investment company within brands and consumer-oriented businesses worldwide.