Botswanan Software Defensive Blue Chips

MPI

Market Cap: NT$348.4b

Manufactures, processes, maintains, imports/exports, and trades in semi-conductor production process and testing equipment in Taiwan, China, Singapore, Korea, the United States, and internationally.

MTN Nigeria Communications

Market Cap: ₦14.9t

Provides broadband fixed wireless access, telecommunication, and mobile financial services to consumer, commercial, and institutional customers in Nigeria.

AltaGas

Market Cap: CA$14.9b

Operates as an energy infrastructure company in North America.

Jiangsu Yanghe Distillery

Market Cap: CN¥74.9b

Offers liquors and wines.

China Resources Beer (Holdings)

Market Cap: HK$84.3b

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

Sanlam

Market Cap: R183.3b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

Ambuja Cements

Market Cap: ₹1.0t

Manufactures, markets, and sells cement and related products to individual homebuilders, developers, infrastructure projects, masons and contractors, professionals, and architects and engineers in India.

Globe Life

Market Cap: US$10.7b

Through its subsidiaries, provides various life and supplemental health insurance products to lower middle- and middle-income families in the United States.

Celsius Holdings

Market Cap: US$10.7b

Develops, processes, manufactures, markets, sells, and distributes functional energy drinks in the United States, North America, Europe, the Asia Pacific, and internationally.

King Yuan Electronics

Market Cap: NT$340.5b

Designs, manufactures, sells, tests, and assembles integrated circuits.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

Sejahteraraya Anugrahjaya

Market Cap: Rp180.3t

Provides medical services in Indonesia.

Bank Albilad

Market Cap: ر.س39.9b

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

KT&G

Market Cap: ₩15.8t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.

Assurant

Market Cap: US$10.6b

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

Zimre Holdings

Market Cap: US$1.4b

Provides insurance, reinsurance, reassurance, and property management and development services in Zimbabwe, Botswana, Malawi, Mozambique, and Zambia.

Far EasTone Telecommunications

Market Cap: NT$337.9b

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

Brown-Forman

Market Cap: US$10.5b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

KGI Financial Holding

Market Cap: NT$336.1b

Operates as a financial company in Taiwan and internationally.

Aegon

Market Cap: €9.1b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Global Unichip

Market Cap: NT$335.7b

Engages in the research and development, production, testing, and sale of embedded memory and logic components, analog components, cell libraries, and EDA tools for various IC applications.

Tsingtao Brewery

Market Cap: CN¥72.3b

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

BUA Foods

Market Cap: ₦14.4t

Processes, manufactures, produces, and distributes food materials in Nigeria.

Bank of Chengdu

Market Cap: CN¥72.3b

Provides various commercial banking products and services in China.

Technoprobe

Market Cap: €9.0b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Zhejiang Zheneng Electric Power

Market Cap: CN¥72.0b

Zhejiang Zheneng Electric Power Co., Ltd.

First Horizon

Market Cap: US$10.4b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫274.5t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

BDO Unibank

Market Cap: ₱624.7b

Provides various banking products and services to individuals and corporations in the Philippines and internationally.

CPFL Energia

Market Cap: R$54.3b

Through its subsidiaries, operates as an energy company in Brazil.

Dino Polska

Market Cap: zł38.2b

Operates a network of medium-sized grocery supermarkets under the Dino brand in Poland.

Taiwan Mobile

Market Cap: NT$331.2b

Provides telecommunications, broadband, retail, digital, and financial services in Taiwan and internationally.

American Financial Group

Market Cap: US$10.3b

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

ACM Research (Shanghai)

Market Cap: CN¥71.2b

Engages in the research, development, production, and sale of semiconductor equipment in China.

Vodafone Idea

Market Cap: ₹962.1b

Provides mobile telecommunication services in India.

JCET Group

Market Cap: CN¥70.6b

Provides integrated-circuit manufacturing and technology services in China and internationally.