Botswanan Utilities Defensive Blue Chips

China Minsheng Banking

Market Cap: CN¥173.7b

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

Terumo

Market Cap: JP¥3.7t

Engages in the manufacture and sale of medical products and equipment in Japan, Europe, China, the United States, Asia, and internationally.

Constellation Brands

Market Cap: US$24.3b

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

Markel Group

Market Cap: US$24.2b

Through its subsidiaries, engages in the insurance business in the United States and internationally.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥172.4b

Inner Mongolia Yili Industrial Group Co., Ltd.

BT Group

Market Cap: UK£17.8b

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

China United Network Communications

Market Cap: CN¥170.1b

Provides telecommunication services in the People’s Republic of China.

Huntington Bancshares

Market Cap: US$23.8b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services in the United States.

George Weston

Market Cap: CA$33.3b

Provides food and drug retailing, and financial services in Canada.

Kioxia Holdings

Market Cap: JP¥3.5t

Engages in the development, production and sale of flash memory and solid state drives (SSDs) in Japan and internationally.

Standard Bank Group

Market Cap: R411.0b

Provides financial products and services in South Africa and internationally.

Labcorp Holdings

Market Cap: US$23.5b

Provides laboratory services.

Dollar General

Market Cap: US$23.4b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Yihai Kerry Arawana Holdings

Market Cap: CN¥166.5b

Engages in the agriculture and food processing businesses in China.

STERIS

Market Cap: US$23.3b

Provides infection prevention products and services worldwide.

Renesas Electronics

Market Cap: JP¥3.5t

Researches, develops, designs, manufactures, sells, and services semiconductors in Japan, China, rest of Asia, Europe, North America, and internationally.

BNP Paribas Fortis

Market Cap: €19.8b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Advanced Micro-Fabrication Equipment China

Market Cap: CN¥163.4b

Advanced Micro-Fabrication Equipment Inc.

Bank Mandiri (Persero)

Market Cap: Rp381.7t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Credo Technology Group Holding

Market Cap: US$22.7b

Provides various high-speed connectivity solutions for optical and electrical Ethernet, and PCIe applications in the United States, Taiwan, Mainland China, Hong Kong, and internationally.

Sigma Healthcare

Market Cap: AU$34.8b

Operates as a retail pharmacy franchisor and pharmaceutical wholesale and distributor to community pharmacies primarily in Australia.

Telenor

Market Cap: NOK 227.2b

Operates as a telecommunication company worldwide.

Teradyne

Market Cap: US$22.4b

Designs, develops, manufactures, and sells automated test systems and robotics products in the United States, Asia Pacific, Europe, the Middle East, and Africa.

First Citizens BancShares

Market Cap: US$22.4b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Citizens Financial Group

Market Cap: US$22.3b

Operates as the bank holding company that provides retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations, and institutions in the United States.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ81.4b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Eastroc Beverage(Group)

Market Cap: CN¥157.6b

Engages in the research and development, production, and sales of beverages in China.

Regions Financial

Market Cap: US$22.1b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Insulet

Market Cap: US$22.0b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Riyad Bank

Market Cap: ر.س82.4b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Montage Technology

Market Cap: CN¥156.6b

An integrated circuits design company, provides IC solutions for cloud computing and data center markets in the People’s Republic of China.

BPER Banca

Market Cap: €18.4b

Provides banking products and services for individuals, and businesses and professionals in Italy and internationally.

CLP Holdings

Market Cap: HK$167.4b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

OmniVision Integrated Circuits Group

Market Cap: CN¥153.0b

OmniVision Integrated Circuits Group, Inc.

Banco BPM

Market Cap: €18.3b

Provides banking and financial products and services to individual, business, and corporate customers in Italy.

Banco do Brasil

Market Cap: R$116.3b

Provides banking products and services for individuals, companies, and public sectors in Brazil and internationally.