Zambian Materials Defensive Blue Chips

GLOBALFOUNDRIES

Market Cap: US$27.4b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies in the United States, Europe, the Middle East, Africa, and internationally.

Huaneng Lancang River Hydropower

Market Cap: CN¥185.2b

Engages in the development, construction, operation, and management of hydropower and new energy power generation projects.

Banco de Crédito del Perú

Market Cap: S/92.9b

Provides banking products and services to individuals, small and medium-sized enterprises (SME), and companies in Peru, Panama, and the United States.

Cincinnati Financial

Market Cap: US$27.3b

Provides property casualty insurance products in the United States.

China National Nuclear Power

Market Cap: CN¥183.7b

Engages in the investment, construction, operation, and management of nuclear power projects in the People's Republic of China.

BT Group

Market Cap: UK£20.0b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Regions Financial

Market Cap: US$26.9b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Huadian New Energy Group

Market Cap: CN¥181.0b

Engages in the power generation business in China.

Chocoladefabriken Lindt & Sprüngli

Market Cap: CHF 21.6b

Engages in the development, manufacture, and sale of chocolate products worldwide.

China Everbright Bank

Market Cap: CN¥179.5b

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.

PPL

Market Cap: US$26.5b

Provides electricity and natural gas to approximately 3.6 million customers in the United States.

Helvetia Baloise Holding

Market Cap: CHF 21.4b

Engages in life and non-life insurance, and reinsurance business.

Tower Semiconductor

Market Cap: US$26.4b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

QBE Insurance Group

Market Cap: AU$37.2b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

American Water Works Company

Market Cap: US$26.1b

Through its subsidiaries, provides water and wastewater services in the United States.

China Unicom (Hong Kong)

Market Cap: HK$203.2b

An investment holding company, provides telecommunications and related value-added services in the People’s Republic of China.

Piotech

Market Cap: CN¥174.9b

Engages in the research and development, production, sales, and technical services of semiconductor equipment in China.

Mediobanca Banca di Credito Finanziario

Market Cap: €22.5b

Provides various banking products and services in Italy, Other European countries, the United States, Asia, and internationally.

Bank Rakyat Indonesia (Persero)

Market Cap: Rp460.8t

Provides various banking products and services in Indonesia and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €22.4b

Operates as an integrated energy company in Germany, Rest of Europe, and internationally.

Quest Diagnostics

Market Cap: US$25.6b

Provides diagnostic testing and services in the United States.

New China Life Insurance

Market Cap: CN¥172.6b

Provides life insurance products and services to individuals and institutions in China.

Koninklijke Philips

Market Cap: €22.2b

Operates as a health technology company in North America, the Greater China, and internationally.

National Bank of KuwaitK.P

Market Cap: د.ك7.9b

Provides financial and investment services and solutions to individual, corporate, and institutional clients in Kuwait, the Middle East, North Africa, Europe, the United Kingdom, and internationally.

AIB Group

Market Cap: €21.9b

Provides banking and financial products and services to personal, business, and corporate customers in the Republic of Ireland, the United Kingdom, and internationally.

Public Bank Berhad

Market Cap: RM 102.5b

Provides banking products and services.

Lasertec

Market Cap: JP¥4.0t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

First Solar

Market Cap: US$25.0b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

First Citizens BancShares

Market Cap: US$24.9b

Operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals in the United States and internationally.

Labcorp Holdings

Market Cap: US$24.9b

Provides laboratory services.

Dollar Tree

Market Cap: US$24.9b

Operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada.

CLP Holdings

Market Cap: HK$194.3b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

Inner Mongolia Yili Industrial Group

Market Cap: CN¥166.8b

Inner Mongolia Yili Industrial Group Co., Ltd.

Principal Financial Group

Market Cap: US$24.6b

Provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide.

NN Group

Market Cap: €21.3b

A financial services company, provides life and non-life insurance products in the Netherlands and internationally.

KeyCorp

Market Cap: US$24.5b

Operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States.