Kenyan Software Defensive Blue Chips

Barito Renewables Energy

Market Cap: Rp812.7t

Generates and sells power through geothermal and wind resources in Indonesia.

Bank Central Asia

Market Cap: Rp808.8t

Provides commercial banking and other financial services.

FBC Holdings

Market Cap: US$6.1b

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

Emirates Telecommunications Group Company PJSC

Market Cap: د.إ169.2b

Provides telecommunications services, media, and related equipment in the United Arab Emirates and internationally.

Disco

Market Cap: JP¥7.3t

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

Endesa

Market Cap: €38.8b

Engages in the generation, distribution, and sale of electricity in Spain, Portugal, France, Germany, the United Kingdom, Switzerland, Luxembourg, the Netherlands, Singapore, Italy, Morocco, and internationally.

Axis Bank

Market Cap: ₹4.2t

Provides various financial products and services in India and internationally.

Edwards Lifesciences

Market Cap: US$44.9b

Provides products and technologies to treat advanced cardiovascular diseases in the United States, Europe, Japan, and internationally.

Qatar National Bank (Q.P.S.C.)

Market Cap: ر.ق163.0b

Provides conventional and Islamic banking products and services in Qatar, Europe, North America, rest of GCC countries, and internationally.

IDEXX Laboratories

Market Cap: US$44.7b

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

People's Insurance Company (Group) of China

Market Cap: HK$349.9b

An investment holding company, offers insurance products and services in the People’s Republic of China and Hong Kong.

Fifth Third Bancorp

Market Cap: US$44.7b

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

Great-West Lifeco

Market Cap: CA$61.1b

Engages in the life and health insurance, retirement savings, wealth and asset management, and reinsurance businesses in Canada, the United States, and Europe.

Heineken

Market Cap: €37.6b

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

SSE

Market Cap: UK£32.5b

Engages in the generation, transmission, distribution, and supply of electricity.

Becton Dickinson

Market Cap: US$43.9b

Develops, manufactures, and sells medical supplies, devices, laboratory equipment, and diagnostic products for healthcare institutions, physicians, life science researchers, clinical laboratories, pharmaceutical industry, and the general public worldwide.

Swisscom

Market Cap: CHF 34.2b

Provides telecommunication services in Switzerland, Italy, and internationally.

Diageo

Market Cap: UK£32.3b

Engages in the production, marketing, and distribution of alcoholic beverages in North America, Europe, the Asia Pacific, Latin America and Caribbean, and Africa.

Commerzbank

Market Cap: €37.1b

Provides banking and capital market products and services to private and small business customers, corporate, financial service providers, and institutional clients in Germany, rest of Europe, the Americas, Asia, and internationally.

Coca-Cola Europacific Partners

Market Cap: €36.7b

Produces, distributes, and sells a range of non-alcoholic ready-to-drink beverages.

Telstra Group

Market Cap: AU$61.0b

Provides telecommunications and information services in Australia and internationally.

Koninklijke Ahold Delhaize

Market Cap: €36.3b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

ASM International

Market Cap: €36.3b

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.

Danske Bank

Market Cap: DKK 266.5b

Provides various banking products and services to corporate, institutional, and international clients.

Rocket Companies

Market Cap: US$41.9b

A fintech company, engages in the mortgage, real estate, and personal finance businesses in the United States and Canada.

Consolidated Edison

Market Cap: US$41.8b

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

Kroger

Market Cap: US$41.6b

Operates as a food and drug retailer in the United States.

Tesco

Market Cap: UK£30.8b

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

PICC Property and Casualty

Market Cap: HK$324.7b

Engages in property and casualty insurance business in People’s Republic of China.

American International Group

Market Cap: US$41.1b

Provides insurance products for commercial, institutional, and individual customers in North America and internationally.

Moore Threads Technology

Market Cap: CN¥280.4b

Engages in the development of GPU chips and related products.

Hershey

Market Cap: US$41.0b

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

Swedbank

Market Cap: SEK 375.7b

Provides banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

Fairfax Financial Holdings

Market Cap: CA$55.6b

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.

ITC

Market Cap: ₹3.7t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Kotak Mahindra Bank

Market Cap: ₹3.7t

Provides a range of banking and financial services to corporate and individual customers in India.