Ugandan Commercial Services Defensive Blue Chips

Cigna Group

Market Cap: US$72.0b

Provides insurance and related products and services in the United States.

Lloyds Banking Group

Market Cap: UK£53.9b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

Cencora

Market Cap: US$70.2b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

ANZ Group Holdings

Market Cap: AU$107.2b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.

América Móvil. de

Market Cap: Mex$1.3t

Provides telecommunications services in Latin America and internationally.

Monster Beverage

Market Cap: US$69.7b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

Hygon Information Technology

Market Cap: CN¥492.4b

Engages in the research and development of computing chip products and systems in China.

SoftBank

Market Cap: JP¥10.6t

Provides mobile communications and fixed-line telecommunications and ISP services in Japan.

Arthur J. Gallagher

Market Cap: US$66.4b

Provides insurance and reinsurance brokerage, consulting, and third-party property/casualty claims settlement and administration services to entities and individuals worldwide.

Wuliangye YibinLtd

Market Cap: CN¥466.6b

Manufactures and sells liquor and wine products under the Wuliangye brand in China.

Japan Tobacco

Market Cap: JP¥10.1t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

KDDI

Market Cap: JP¥10.1t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Life Insurance Corporation of India

Market Cap: ₹5.8t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Industrial Bank

Market Cap: CN¥457.1b

Provides banking products and services in the People’s Republic of China.

Travelers Companies

Market Cap: US$64.1b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Oversea-Chinese Banking

Market Cap: S$83.2b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

MediaTek

Market Cap: NT$2.0t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

NatWest Group

Market Cap: UK£48.1b

Provides banking and financial products and services in the United Kingdom and internationally.

Bank Central Asia

Market Cap: Rp1038.4t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

Singapore Telecommunications

Market Cap: S$80.2b

Provides telecommunication services to consumers and small businesses in Singapore, Australia, and internationally.

Engie

Market Cap: €52.9b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

China CITIC Bank

Market Cap: CN¥430.1b

Provides various banking products and services in the People’s Republic of China and internationally.

Sempra

Market Cap: US$60.0b

Operates as an energy infrastructure company in the United States and internationally.

Aflac

Market Cap: US$59.9b

Through its subsidiaries, provides supplemental health and life insurance products.

Saudi National Bank

Market Cap: ر.س224.4b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Assicurazioni Generali

Market Cap: €51.2b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Nordea Bank Abp

Market Cap: €51.0b

Offers banking products and services for individuals, families, and businesses in Sweden, Finland, Norway, Denmark, and internationally.

Danone

Market Cap: €50.7b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.

Wal-Mart de México. de

Market Cap: Mex$1.1t

Owns and operates self-service stores in Mexico and Central America.

Manulife Financial

Market Cap: CA$81.3b

Provides financial products and services in the United States, Canada, Asia, and internationally.

ITC

Market Cap: ₹5.1t

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

Crédit Agricole

Market Cap: €49.4b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

Saudi Telecom

Market Cap: ر.س215.3b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Truist Financial

Market Cap: US$57.4b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

Siemens Healthineers

Market Cap: €48.8b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide.

Allstate

Market Cap: US$56.1b

Provides property and casualty, and other insurance products in the United States and Canada.