Malawian Software Defensive Blue Chips

Kasikornbank

Market Cap: ฿398.0b

Provides commercial banking products and services in Thailand and internationally.

ING Bank Slaski

Market Cap: zł44.6b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

Grupo Cibest

Market Cap: Col$49.5t

Provides banking products and services in Colombia and internationally.

Baxter International

Market Cap: US$12.2b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥86.8b

Henan Shuanghui Investment & Development Co.,Ltd.

NMBZ Holdings

Market Cap: US$1.6b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Chandra Daya Investasi

Market Cap: Rp197.2t

Operates as an infrastructure investment holding company.

Itissalat Al-Maghrib (IAM)

Market Cap: د.م108.1b

Provides various telecommunication solutions in Morocco and internationally.

Ooredoo Q.P.S.C

Market Cap: ر.ق43.2b

Provides telecommunications services in Qatar, rest of the Middle East, Asia, and North Africa region.

Tata Consumer Products

Market Cap: ₹1.0t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

Pilgrim's Pride

Market Cap: US$11.9b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Encompass Health

Market Cap: US$11.8b

Provides post-acute healthcare services in the United States and Puerto Rico.

Banca Monte dei Paschi di Siena

Market Cap: €10.2b

Engages in the provision of retail and commercial banking services in Italy.

Unum Group

Market Cap: US$11.8b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

BKW

Market Cap: CHF 9.5b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.

Hims & Hers Health

Market Cap: US$11.7b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Israel Discount Bank

Market Cap: ₪40.2b

Provides various banking and financial services in Israel, Europe, and North America.

Arab National Bank

Market Cap: ر.س43.7b

Provides various banking products and services in the Kingdom of Saudi Arabia, Other GCC and the Middle East, Europe, North America, Latin America, Southeast Asia, and internationally.

Apollo Hospitals Enterprise

Market Cap: ₹1.0t

Engages in providing healthcare services in India and internationally.

Aegon

Market Cap: €10.0b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Baloise Holding

Market Cap: CHF 9.4b

Primarily engages in the insurance and banking businesses in Switzerland, Germany, Belgium, and Luxembourg.

GD Power DevelopmentLtd

Market Cap: CN¥82.9b

Operates as a power generation company in China.

True Corporation

Market Cap: ฿373.2b

Provides telecommunications and value-added services in Thailand.

Kirin Holdings Company

Market Cap: JP¥1.7t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Raiffeisen Bank International

Market Cap: €9.8b

Offers banking services to corporate, private, and institutional customers.

Union Bank of India

Market Cap: ₹999.8b

Provides banking products and services in India.

Globe Life

Market Cap: US$11.4b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Mr. Cooper Group

Market Cap: US$11.3b

Operates as a non-bank servicer of residential mortgage loans in the United States.

Banco Santander-Chile

Market Cap: CL$10.9t

Provides commercial and retail banking products and services in Chile.

RenaissanceRe Holdings

Market Cap: US$11.3b

Provides reinsurance and insurance products in the United States and internationally.

Bank of the Philippine Islands

Market Cap: ₱638.8b

Provides various financial products and services to retail and corporate clients in the Philippines.

Tele2

Market Cap: SEK 107.5b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

mBank

Market Cap: zł40.9b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Canara Bank

Market Cap: ₹978.6b

Provides various banking products and services in India and internationally.

Banque Saudi Fransi

Market Cap: ر.س41.8b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

Industrial Bank of Korea

Market Cap: ₩15.5t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.