Zimbabwean Automobiles Defensive Blue Chips

Advantest

Market Cap: JP¥4.9t

Manufactures and sells semiconductors, component test system products, and mechatronics related products in Japan, the Americas, Europe, and Asia.

Telstra Group

Market Cap: AU$52.6b

Engages in the provision of telecommunications and information services to businesses, government, and individuals in Australia and internationally.

Kraft Heinz

Market Cap: US$33.7b

Manufactures and markets food and beverage products in North America and internationally.

Fomento Económico Mexicano. de

Market Cap: Mex$656.4b

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

Commerzbank

Market Cap: €29.9b

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.

Chunghwa Telecom

Market Cap: NT$1.0t

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

Tesco

Market Cap: UK£25.2b

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

DexCom

Market Cap: US$33.5b

A medical device company, focuses on the design, development, and commercialization of continuous glucose monitoring (CGM) systems in the United States and internationally.

Standard Chartered

Market Cap: UK£25.1b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Skandinaviska Enskilda Banken

Market Cap: SEK 318.7b

Provides corporate, retail, investment, and private banking services.

Martin Marietta Materials

Market Cap: US$32.6b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Imperial Brands

Market Cap: UK£24.5b

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

Power Grid Corporation of India

Market Cap: ₹2.8t

An electric power transmission utility, engages in the transmission of power in India and internationally.

NAURA Technology Group

Market Cap: CN¥235.5b

Engages in the research and development, production, sale, and technical services of semiconductors in the People's Republic of China.

Foshan Haitian Flavouring and Food

Market Cap: CN¥235.1b

Foshan Haitian Flavouring and Food Company Ltd.

GE HealthCare Technologies

Market Cap: US$32.3b

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.

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.

Brown & Brown

Market Cap: US$32.0b

Brown & Brown, Inc. markets and sells insurance products and services in the United States, Canada, Ireland, the United Kingdom, and internationally.

Centene

Market Cap: US$31.1b

Operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States.

Sompo Holdings

Market Cap: JP¥4.5t

Provides property and casualty (P&C) insurance services in Japan and internationally.

Willis Towers Watson

Market Cap: US$30.7b

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

China Everbright Bank

Market Cap: CN¥221.3b

Provides a range of financial products and services to corporations and government agencies, retail customers, and individuals in Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Humana

Market Cap: US$30.6b

Provides medical and specialty insurance products in the United States.

Monolithic Power Systems

Market Cap: US$30.5b

Designs, develops, markets, and sells semiconductor-based power electronics solutions for the storage and computing, automotive, enterprise data, consumer, communications, and industrial markets.

Erste Group Bank

Market Cap: €27.1b

Provides a range of banking and other financial services to retail, corporate, and public sector customers.

Endesa

Market Cap: €27.1b

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.

Talanx

Market Cap: €26.9b

Provides insurance and reinsurance products and services worldwide.

Avenue Supermarts

Market Cap: ₹2.6t

Engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.

General Mills

Market Cap: US$30.0b

Manufactures and markets branded consumer foods worldwide.

Ping An Bank

Market Cap: CN¥216.4b

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

Banco do Brasil

Market Cap: R$168.6b

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

Microchip Technology

Market Cap: US$29.8b

Engages in the development, manufacture, and sale of smart, connected, and secure embedded control solutions in the Americas, Europe, and Asia.

Danske Bank

Market Cap: DKK 196.9b

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

Muyuan Foods

Market Cap: CN¥214.1b

Operates in the hog industry in China.

W. R. Berkley

Market Cap: US$28.9b

An insurance holding company, operates as a commercial line writer worldwide.

Swiss Life Holding

Market Cap: CHF 24.0b

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