Ivorian Software Defensive Blue Chips

Malayan Banking Berhad

Market Cap: RM 134.8b

Provides commercial banking and related financial products and services.

Dollar General

Market Cap: US$33.2b

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

Talanx

Market Cap: €28.5b

Provides insurance and reinsurance products and services worldwide.

Humana

Market Cap: US$33.0b

Provides medical and specialty insurance products in the United States.

Arch Capital Group

Market Cap: US$33.0b

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

Power Corporation of Canada

Market Cap: CA$45.8b

An international management and holding company, provides financial services in North America, Europe, and Asia.

New China Life Insurance

Market Cap: CN¥228.7b

Provides life insurance products and services to individuals and institutions in China.

Seven & i Holdings

Market Cap: JP¥5.2t

Operates convenience stores, superstores, and department stores in Japan, North America, and internationally.

Chunghwa Telecom

Market Cap: NT$1.0t

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

Sompo Holdings

Market Cap: JP¥5.2t

Provides property and casualty insurance services in Japan and internationally.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 26.1b

Engages in the manufacture and sale of chocolate products worldwide.

Fresenius SE KGaA

Market Cap: €28.0b

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

Banca Monte dei Paschi di Siena

Market Cap: €28.0b

Provides retail and commercial banking services in Italy.

Dai-ichi Life Holdings

Market Cap: JP¥5.1t

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

Imperial Brands

Market Cap: UK£24.2b

Manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, the Asia, Australasia, and internationally.

Advanced Info Service

Market Cap: ฿1.0t

Operates as a telecommunications and technology company primarily in Thailand.

Invest bank P.S.C

Market Cap: د.إ118.4b

A commercial bank, provides a range of financial products and services to corporate and retail customers in the United Arab Emirates and Lebanon.

M&T Bank

Market Cap: US$32.2b

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.

Fifth Third Bancorp

Market Cap: US$32.1b

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.

Vodafone Group

Market Cap: UK£23.6b

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

Willis Towers Watson

Market Cap: US$31.4b

Operates as an advisory, broking, and solutions company worldwide.

KB Financial Group

Market Cap: ₩46.2t

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.

Ping An Bank

Market Cap: CN¥217.2b

Provides commercial banking products and services for individual and corporate customers, government agencies, institutions, and other small businesses in China and internationally.

Archer-Daniels-Midland

Market Cap: US$31.0b

Engages in the procurement, transportation, storage, processing, and merchandising of agricultural commodities, ingredients, flavors, and solutions.

Sampo Oyj

Market Cap: €26.7b

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.

Swiss Life Holding

Market Cap: CHF 24.6b

Provides life, pensions, and financial solutions for private and corporate clients.

Foshan Haitian Flavouring and Food

Market Cap: CN¥213.8b

Foshan Haitian Flavouring and Food Company Ltd.

Svenska Handelsbanken

Market Cap: SEK 282.7b

Provides various banking products and services for private and corporate customers primarily in Sweden, the United Kingdom, Norway, the Netherlands, and internationally.

OTP Bank Nyrt

Market Cap: Ft10.1t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Amrize

Market Cap: CHF 24.3b

Engages in the provision of various building solutions for infrastructure, commercial, and residential construction markets in North America.

Adani Power

Market Cap: ₹2.8t

Engages in the generation, transmission, and sale of electricity under long term power purchase agreements (PPAs), supplemental PPAs, medium and short term PPAs, and on merchant basis in India.

China Unicom (Hong Kong)

Market Cap: HK$235.9b

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

Capitec Bank Holdings

Market Cap: R495.0b

Through its subsidiaries, provides various banking products and services in South Africa.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ110.9b

Provides banking products and services in the United Arab Emirates and internationally.

Shanxi Xinghuacun Fen Wine FactoryLtd

Market Cap: CN¥210.3b

Shanxi Xinghuacun Fen Wine Factory Co.,Ltd.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł109.1b

Provides various banking products and services in Poland and internationally.