Zambian Materials Defensive Blue Chips

Riyad Bank

Market Cap: ر.س81.0b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Banco Santander (Brasil)

Market Cap: R$108.3b

Provides various banking products and services to individuals, small and medium enterprises, and corporate customers in Brazil and internationally.

China Jushi

Market Cap: CN¥143.6b

Manufactures and sells fiberglass and related products in China and internationally.

CIMB Group Holdings Berhad

Market Cap: RM 86.8b

Provides various banking products and services in Malaysia and internationally.

Yihai Kerry Arawana Holdings

Market Cap: CN¥143.2b

Engages in the agriculture and food processing businesses in China.

Banco de Chile

Market Cap: CL$19.4t

Provides commercial banking services in Chile.

Tyson Foods

Market Cap: US$20.9b

Operates as a food company worldwide.

Bank of Nanjing

Market Cap: CN¥140.6b

Engages in the provision of various financial products and services in China.

Adani Energy Solutions

Market Cap: ₹2.0t

Generates, transmits, and distributes power in India.

China United Network Communications

Market Cap: CN¥139.8b

Provides telecommunication services in the People’s Republic of China.

Suzhou Centec Communications

Market Cap: CN¥138.6b

Engages in the research, design, and sale of Ethernet switching chips and related products in China and internationally.It offers ethernet switch and ethernet transceiver PHY silicon; and ethernet switches, as well as network operation systems.

Cellnex Telecom

Market Cap: €17.6b

Engages in the management of terrestrial telecommunications infrastructures in France, Italy, the United Kingdom, Spain, Poland, the Netherlands, Portugal, Switzerland, Denmark, Sweden, Ireland, and Austria.

Telefônica Brasil

Market Cap: R$103.2b

Operates as a mobile telecommunications company in Brazil.

Straumann Holding

Market Cap: CHF 16.4b

Provides tooth replacement and orthodontic solutions in Switzerland, the United States, China, Germany, Brazil, Japan, France, and internationally.

Bunge Global

Market Cap: US$20.2b

Operates as an agribusiness and food company worldwide.

Bank of Ireland Group

Market Cap: €17.5b

Provides banking and other financial services in the Republic of Ireland, the United Kingdom, and internationally.

Uniper

Market Cap: €17.5b

Operates as an energy company in Germany, the United Kingdom, Sweden, the rest of Europe, and internationally.

Tenet Healthcare

Market Cap: US$20.1b

Operates as a diversified healthcare services company in the United States.

Technoprobe

Market Cap: €17.5b

Produces and sells electronic circuits in Italy, Asia, the United States, and rest of Europe.

Fortum Oyj

Market Cap: €17.5b

Engages in the generation and sale of electricity and heat to private and business customers in Finland, Sweden, Norway, Poland, and internationally.

SBI Life Insurance

Market Cap: ₹1.9t

Operates as a life insurance company in India.

Associated British Foods

Market Cap: UK£14.9b

Engages in the food, ingredients, and retail businesses worldwide.

Erste Bank Polska

Market Cap: zł74.7b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Pernod Ricard

Market Cap: €17.3b

Produces and sells wines and spirits worldwide.

CK Infrastructure Holdings

Market Cap: HK$156.1b

An infrastructure company, invests in, develops, and operates infrastructure businesses in Hong Kong, Mainland China, the United Kingdom, Continental Europe, Australia, New Zealand, Canada, and the United States.

ASPEED Technology

Market Cap: NT$644.5b

Operates as a fabless integrated circuit (IC) design company in Taiwan, China, the United States, and internationally.

Bank of Shanghai

Market Cap: CN¥133.8b

Provides various banking products and services in China.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 89.4b

Produces and supplies electricity from hydroelectric and wind sources in Romania.

MACOM Technology Solutions Holdings

Market Cap: US$19.5b

Provides analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum.

Telenor

Market Cap: NOK 185.5b

Operates as a telecommunication company worldwide.

Luzhou LaojiaoLtd

Market Cap: CN¥131.4b

Produces and sells alcoholic products in China and internationally.

Mizrahi Tefahot Bank

Market Cap: ₪58.6b

Provides various banking services in Israel and internationally.

NMBZ Holdings

Market Cap: US$2.5b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

Alinma Bank

Market Cap: ر.س72.3b

Provides banking and investment services in the Kingdom of Saudi Arabia.

Saudi Energy

Market Cap: ر.س72.1b

Generates, transmits, and distributes electricity in the Kingdom of Saudi Arabia.

Arca Continental. de

Market Cap: Mex$331.8b

Produces, distributes, and sells soft drinks in Mexico, Argentina, Ecuador, Peru, the United States, and internationally.