Zambian Commercial Services Defensive Blue Chips

CRH

Market Cap: US$64.3b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

ING Groep

Market Cap: €56.6b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Lloyds Banking Group

Market Cap: UK£46.9b

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

Holcim

Market Cap: CHF 52.3b

Provides building materials and solutions worldwide.

Barclays

Market Cap: UK£46.6b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Monster Beverage

Market Cap: US$62.6b

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

Travelers Companies

Market Cap: US$62.5b

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.

ITC

Market Cap: ₹5.3t

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

Diageo

Market Cap: UK£45.1b

Engages in the production, marketing, and sale of alcoholic beverages.

Federal National Mortgage Association

Market Cap: US$60.5b

Provides financing solutions for residential mortgages in the United States.

CaixaBank

Market Cap: €53.2b

Provides various banking products and financial services in Spain and internationally.

Siemens Healthineers

Market Cap: €53.1b

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

Wal-Mart de México. de

Market Cap: Mex$1.1t

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

Nu Holdings

Market Cap: US$57.6b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

NatWest Group

Market Cap: UK£42.3b

Provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally.

Oversea-Chinese Banking

Market Cap: S$73.5b

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

Cencora

Market Cap: US$56.9b

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

Assicurazioni Generali

Market Cap: €50.1b

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

Nongfu Spring

Market Cap: HK$441.4b

Researches, develops, produces, and markets packaged drinking water and beverage products primarily in Mainland China.

Saudi Telecom

Market Cap: ر.س210.9b

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

Aflac

Market Cap: US$55.9b

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

Crédit Agricole

Market Cap: €49.3b

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

Vistra

Market Cap: US$55.6b

Operates as an integrated retail electricity and power generation company in the United States.

Danone

Market Cap: €48.7b

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.

ANZ Group Holdings

Market Cap: AU$85.7b

Provides various banking and financial products and services to retail, individuals and business customers in Australia and internationally.

Marvell Technology

Market Cap: US$55.1b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

China CITIC Bank

Market Cap: HK$431.9b

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

Allstate

Market Cap: US$54.9b

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

Saudi National Bank

Market Cap: ر.س205.8b

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

Japan Tobacco

Market Cap: JP¥7.9t

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

Manulife Financial

Market Cap: CA$75.2b

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

Semiconductor Manufacturing International

Market Cap: HK$422.3b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

MetLife

Market Cap: US$53.1b

A financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide.

Barito Renewables Energy

Market Cap: Rp869.6t

Engages in the generation and sale of power through geothermal and wind resources in Indonesia.

Swiss Re

Market Cap: CHF 43.6b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

América Móvil. de

Market Cap: Mex$1.0t

Provides telecommunications services in Latin America and internationally.