Botswanan Software Defensive Blue Chips

Alcon

Market Cap: CHF 35.2b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Heineken

Market Cap: €37.5b

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

ACWA Power

Market Cap: ر.س161.7b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

IDEXX Laboratories

Market Cap: US$43.1b

Develops, manufactures, and distributes products for the companion animal veterinary, livestock and poultry, dairy, and water testing industries in the United States and internationally.

KBC Group

Market Cap: €36.6b

Provides banking, insurance, and asset management services primarily for retail, private banking, small and medium sized enterprises, and mid-cap clients in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia.

Orange

Market Cap: €36.5b

Operates as a telecommunications operator in France and internationally.

HOYA

Market Cap: JP¥6.2t

A med-tech company, provides high-tech and medical products worldwide.

Standard Chartered

Market Cap: UK£31.4b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

UltraTech Cement

Market Cap: ₹3.6t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

JAPAN POST BANK

Market Cap: JP¥6.0t

Provides various banking products and services to retail and corporate clients in Japan and internationally.

ResMed

Market Cap: US$40.9b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications for the healthcare markets.

National Bank of Canada

Market Cap: CA$56.2b

Provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally.

Heidelberg Materials

Market Cap: €35.0b

Produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide.

Cambricon Technologies

Market Cap: CN¥288.1b

Research, develops, design, and sells core chips in cloud server, edge computing, and terminal equipment in China.

Fubon Financial Holding

Market Cap: NT$1.1t

Provides various financial services in Taiwan, Asia, and internationally.

Hershey

Market Cap: US$38.3b

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

Shenzhen Mindray Bio-Medical Electronics

Market Cap: CN¥274.9b

Shenzhen Mindray Bio-Medical Electronics Co., Ltd.

Sysco

Market Cap: US$38.1b

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.

DNB Bank

Market Cap: NOK 389.0b

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

Axis Bank

Market Cap: ₹3.3t

Provides various financial products and services in India and internationally.

Consolidated Edison

Market Cap: US$37.6b

Through its subsidiaries, engages in the regulated electric, gas, and steam delivery businesses in the United States.

Monolithic Power Systems

Market Cap: US$37.6b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets in the United States, China, Taiwan, South Korea, Europe, Southeast Asia, Japan, and internationally.

Fairfax Financial Holdings

Market Cap: CA$51.9b

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.

China Unicom (Hong Kong)

Market Cap: HK$295.0b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Dubai Electricity and Water Authority (PJSC)

Market Cap: د.إ137.5b

Generates, transmits, and distributes electricity for residential, commercial, industrial, and government customers primarily in Dubai.

Hannover Rück

Market Cap: €32.2b

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

Cardinal Health

Market Cap: US$37.2b

Operates as a healthcare services and products company in the United States, Canada, Europe, Asia, and internationally.

Swisscom

Market Cap: CHF 30.1b

Provides telecommunication services primarily in Switzerland, Italy, and internationally.

Huadian New Energy Group

Market Cap: CN¥265.1b

Engages in the power generation business in China.

Erste Group Bank

Market Cap: €31.8b

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

Tesco

Market Cap: UK£27.7b

Operates as a grocery retailer in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary.

NTPC

Market Cap: ₹3.2t

Operates as an integrated power company in India.

Intact Financial

Market Cap: CA$50.5b

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

Telstra Group

Market Cap: AU$56.4b

Engages in the provision of telecommunications and information services to businesses, government, and individuals in Australia and internationally.

FBC Holdings

Market Cap: US$4.7b

Through its subsidiaries, provides commercial and wholesale banking, mortgage financing, micro lending, reinsurance, short-term insurance, and stockbroking services in Zimbabwe.

Vulcan Materials

Market Cap: US$36.3b

Produces and supplies construction aggregates in the United States.