Malawian Software Defensive Blue Chips

Prudential

Market Cap: UK£29.6b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

ResMed

Market Cap: US$40.2b

Develops, manufactures, distributes, and markets medical devices and cloud-based software applications to diagnose, treat, and manage respiratory disorders in the United States and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.2t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

ASM International

Market Cap: €33.6b

Engages in the research, development, manufacture, marketing, and servicing of equipment and materials used to produce semiconductor devices in Europe, the United States, and Asia.

Great-West Lifeco

Market Cap: CA$54.1b

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

Tesco

Market Cap: UK£29.1b

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

Grupo Nutresa S. A

Market Cap: Col$145.3t

Operates in the food industry in Colombia, Latin America, and internationally.

Aeon

Market Cap: JP¥6.1t

Operates in the retail industry in Japan, China, ASEAN countries, and internationally.

Endesa

Market Cap: €33.2b

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.

Alcon

Market Cap: CHF 30.0b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.

Moore Threads Technology

Market Cap: CN¥269.3b

Engages in the development of GPU chips and related products.

Telstra Group

Market Cap: AU$54.8b

Provides telecommunications and information services in Australia and internationally.

Hartford Insurance Group

Market Cap: US$38.6b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

Huntington Bancshares

Market Cap: US$38.6b

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

Consolidated Edison

Market Cap: US$38.5b

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

Bank Leumi le-Israel B.M

Market Cap: ₪118.4b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

AST SpaceMobile

Market Cap: US$37.8b

Designs and develops the constellation of BlueBird satellites in the United States.

Japan Post Holdings

Market Cap: JP¥5.9t

Provides postal, banking, and insurance services in Japan.

Fairfax Financial Holdings

Market Cap: CA$50.9b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, the Middle East, Asia, and internationally.

Advanced Info Service

Market Cap: ฿1.2t

Operates as a telecommunications company primarily in Thailand.

ACWA Power

Market Cap: ر.س140.0b

Engages in the investment, development, operation, and maintenance of power generation, water desalination, and green hydrogen production plants in the Kingdom of Saudi Arabia, the Middle East, Asia, and Africa.

Muyuan Foods

Market Cap: CN¥257.4b

Operates as a pork company in the hog farming industry in China.

Malayan Banking Berhad

Market Cap: RM 145.0b

Provides commercial banking and related financial products and services.

KB Financial Group

Market Cap: ₩53.6t

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.

Koninklijke Ahold Delhaize

Market Cap: €30.9b

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

Cathay Financial Holding

Market Cap: NT$1.1t

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

GE HealthCare Technologies

Market Cap: US$36.0b

Engages in the development, manufacture, and marketing of products, services, and complementary digital solutions used in the diagnosis, treatment, and monitoring of patients in the United States, Canada, and internationally.

Fifth Third Bancorp

Market Cap: US$35.9b

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.

Huadian New Energy Group

Market Cap: CN¥248.2b

Engages in the power generation business in China.

M&T Bank

Market Cap: US$35.9b

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.

QNB Bank

Market Cap: ₺1.6t

Provides various banking and financial services in Turkey.

Sun Life Financial

Market Cap: CA$48.4b

A financial services company, provides asset management, wealth, insurance and health solutions to individual and institutional customers in Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia, and Bermuda.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 27.4b

Engages in the manufacture and sale of chocolate products worldwide.

Vodafone Group

Market Cap: UK£26.0b

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

Prudential Financial

Market Cap: US$35.6b

Provides insurance, investment management, and other financial products and services in the United States, Japan and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$606.0b

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