Botswanan Software Defensive Blue Chips

ASM International

Market Cap: €33.3b

Engages in the research, development, manufacturing, marketing, and servicing of equipment and materials used to produce semiconductor devices in the United States, Europe, and Asia.

Moore Threads Technology

Market Cap: CN¥264.9b

Engages in the development of GPU chips and related products.

Skandinaviska Enskilda Banken

Market Cap: SEK 350.0b

Provides corporate, retail, investment, and private banking services.

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.

Hartford Insurance Group

Market Cap: US$37.4b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, 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 Canada, the United States, the Middle East and Asia, and internationally.

Heidelberg Materials

Market Cap: €31.5b

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

Muyuan Foods

Market Cap: CN¥251.7b

Operates as a pork company in the hog farming industry in China.

Alcon

Market Cap: CHF 28.6b

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

QNB Bank

Market Cap: ₺1.6t

Provides various banking and financial services in Turkey.

Prudential

Market Cap: UK£26.8b

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

Hannover Rück

Market Cap: €30.9b

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

MetaX Integrated Circuits (Shanghai)

Market Cap: CN¥243.4b

MetaX Integrated Circuits (Shanghai) Co., Ltd.

UltraTech Cement

Market Cap: ₹3.3t

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.

Sun Life Financial

Market Cap: CA$48.0b

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.

Malayan Banking Berhad

Market Cap: RM 138.2b

Provides commercial banking and related financial products and services.

Martin Marietta Materials

Market Cap: US$34.8b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Microchip Technology

Market Cap: US$34.8b

Develops, manufactures, and sells smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Bank Leumi le-Israel B.M

Market Cap: ₪107.4b

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

Vulcan Materials

Market Cap: US$34.4b

Produces and supplies construction aggregates in the United States.

KB Financial Group

Market Cap: ₩51.5t

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.

Sompo Holdings

Market Cap: JP¥5.5t

Provides property and casualty insurance services in Japan and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$611.2b

Through its subsidiaries, operates as a franchise bottler of Coca-Cola trademark beverages worldwide.

ACWA Power

Market Cap: ر.س128.8b

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.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$4.4b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Vodafone Group

Market Cap: UK£25.4b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

AST SpaceMobile

Market Cap: US$33.8b

Designs and develops the constellation of BlueBird satellites in the United States.

Aeon

Market Cap: JP¥5.4t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Arch Capital Group

Market Cap: US$33.2b

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

ResMed

Market Cap: US$33.1b

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.

Dai-ichi Life Holdings

Market Cap: JP¥5.2t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Japan Post Holdings

Market Cap: JP¥5.2t

Provides postal, banking, and insurance services in Japan.

Cathay Financial Holding

Market Cap: NT$1.0t

Through its subsidiaries, provides various financial products and services in Taiwan, rest of Asia, and internationally.

Chunghwa Telecom

Market Cap: NT$1.0t

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

Intact Financial

Market Cap: CA$45.0b

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