Botswanan Software Defensive Blue Chips

Cathay Financial Holding

Market Cap: NT$922.7b

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

Sampo Oyj

Market Cap: €26.6b

Provides non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, Spain, Gibraltar, Germany, the Netherlands, France, and the United Kingdom.

Humana

Market Cap: US$30.9b

Provides medical and specialty insurance products in the United States.

Foshan Haitian Flavouring and Food

Market Cap: CN¥221.5b

Foshan Haitian Flavouring and Food Company Ltd.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥221.3b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Dai-ichi Life Holdings

Market Cap: JP¥4.5t

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

RWE

Market Cap: €26.3b

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

Telefónica

Market Cap: €26.1b

Provides telecommunications services in Europe and Latin America.

Power Grid Corporation of India

Market Cap: ₹2.7t

An electric power transmission utility, engages in the power transmission business in India and internationally.

KB Financial Group

Market Cap: ₩41.9t

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.

Brown & Brown

Market Cap: US$30.3b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

DexCom

Market Cap: US$30.0b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك9.1b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

Poste Italiane

Market Cap: €25.6b

Provides postal, logistics, and financial and insurance products and services in Italy.

Constellation Brands

Market Cap: US$29.8b

Produces, imports, markets, and sells beer, wine, and spirits in the United States, Canada, Mexico, New Zealand, and Italy.

Bank of Jiangsu

Market Cap: CN¥213.8b

Provides various banking products and services in China.

China Minsheng Banking

Market Cap: CN¥213.6b

Provides banking products and services in the People's Republic of China.

Naturgy Energy Group

Market Cap: €25.5b

Engages in the supply, liquefaction, regasification, transport, storage, distribution, and sale of gas.

Disco

Market Cap: JP¥4.3t

Manufactures and sells precision cutting, grinding, and polishing machines in Japan and internationally.

Japan Post Holdings

Market Cap: JP¥4.3t

Provides postal, banking, and insurance services in Japan.

Fomento Económico Mexicano. de

Market Cap: Mex$542.3b

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

M&T Bank

Market Cap: US$29.0b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Astera Labs

Market Cap: US$29.0b

Designs, manufactures, and sells semiconductor-based connectivity solutions for cloud and AI infrastructure.

Sompo Holdings

Market Cap: JP¥4.3t

Provides property and casualty insurance services in Japan and internationally.

Pernod Ricard

Market Cap: €24.0b

Produces and sells wines and spirits worldwide.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł101.9b

Provides various banking products and services in Poland and internationally.

Kellanova

Market Cap: US$27.8b

Manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa.

Fresenius SE KGaA

Market Cap: €23.8b

A health care company, provides products and services for chronically ill patients.

American Water Works Company

Market Cap: US$27.7b

Through its subsidiaries, provides water and wastewater services in the United States.

Malayan Banking Berhad

Market Cap: RM 116.3b

Provides commercial banking and related financial products and services.

Hang Seng Bank

Market Cap: HK$215.3b

Provides various banking and related financial services to individual, corporate, commercial, and small and medium sized enterprise customers in Hong Kong, Mainland China, and internationally.

Advanced Info Service

Market Cap: ฿886.3b

Operates as a telecommunications and technology company primarily in Thailand.

Fifth Third Bancorp

Market Cap: US$27.3b

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

Archer-Daniels-Midland

Market Cap: US$27.3b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions in the United States, Switzerland, the Cayman Islands, Brazil, Mexico, Canada, the United Kingdom, and internationally.

Vodafone Group

Market Cap: UK£20.2b

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

BT Group

Market Cap: UK£20.1b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.