Zambian Materials Defensive Blue Chips

Tata Consumer Products

Market Cap: ₹1.1t

Produces, distributes, and trades in food products in India, the United States, the United Kingdom, and internationally.

GD Power DevelopmentLtd

Market Cap: CN¥88.8b

Operates as a power generation company in China.

Apollo Hospitals Enterprise

Market Cap: ₹1.1t

Provides healthcare services in India.

Encompass Health

Market Cap: US$12.5b

Provides post-acute healthcare services in the United States and Puerto Rico.

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

Telecom Italia

Market Cap: €10.7b

Engages in the fixed and mobile telecommunications services in Italy and internationally.

Taiwan Cooperative Financial Holding

Market Cap: NT$377.9b

Provides commercial banking, insurance, securities, bills finance, venture capital, asset management, and investment trust services in Taiwan.

S.P.E.E.H. Hidroelectrica

Market Cap: RON 54.2b

Produces and supplies hydro, wind, and energy electricity in Romania.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

Hims & Hers Health

Market Cap: US$12.4b

Operates a telehealth platform that connects consumers to licensed healthcare professionals in the United States, the United Kingdom, and internationally.

Bank Permata

Market Cap: Rp206.2t

Provides various banking products and services in Indonesia.

Cochlear

Market Cap: AU$18.8b

Provides implantable hearing solutions for children and adults worldwide.

Aegon

Market Cap: €10.6b

Provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally.

Banque Saudi Fransi

Market Cap: ر.س46.3b

Provides banking and financial services for individuals and businesses in the Kingdom of Saudi Arabia and internationally.

American Financial Group

Market Cap: US$12.3b

An insurance holding company, provides specialty property and casualty insurance products in the United States.

Lasertec

Market Cap: JP¥1.8t

Engages in the designing, manufacturing, and sale of inspection and measurement equipment in Japan and internationally.

Kasikornbank

Market Cap: ฿393.3b

Provides commercial banking products and services in Thailand and internationally.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥85.7b

Henan Shuanghui Investment & Development Co.,Ltd.

Shree Cement

Market Cap: ₹1.1t

Engages in the manufacture and sale of cement and clinker in India and internationally.

Israel Discount Bank

Market Cap: ₪39.2b

Provides various banking and financial services in Israel, Europe, and North America.

Union Bank of India

Market Cap: ₹1.1t

Provides banking products and services in India.

BB Seguridade Participações

Market Cap: R$63.7b

Through its subsidiaries operates in the insurance, pension plans, and bonds, businesses in Brazil.

Tokyo GasLtd

Market Cap: JP¥1.8t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Baxter International

Market Cap: US$11.9b

Through its subsidiaries, provides a portfolio of healthcare products in the United States.

BJ's Wholesale Club Holdings

Market Cap: US$11.9b

Operates membership warehouse clubs on the eastern half of the United States.

Raiffeisen Bank International

Market Cap: €10.1b

Offers banking services to corporate, private, and institutional customers.

Tele2

Market Cap: SEK 110.4b

Provides fixed and mobile connectivity and entertainment services in Sweden, Lithuania, Latvia, and Estonia.

First Horizon

Market Cap: US$11.7b

Operates as the bank holding company for First Horizon Bank that provides various financial services.

True Corporation

Market Cap: ฿380.1b

Provides telecommunications and value-added services in Thailand.

Airtel Africa

Market Cap: UK£8.7b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Kirin Holdings Company

Market Cap: JP¥1.8t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Bank Albilad

Market Cap: ر.س43.6b

Through its subsidiaries, provides various banking products and services in the Kingdom of Saudi Arabia.

Dino Polska

Market Cap: zł42.4b

Operates a network of mid-sized grocery supermarkets under the Dino brand name in Poland.

T&D Holdings

Market Cap: JP¥1.7t

Through its subsidiaries, provides insurance products and services in Japan.

James Hardie Industries

Market Cap: AU$17.5b

Engages in the manufacture and sale of fiber cement, fiber gypsum, and cement bonded boards in the United States, Australia, Europe, and New Zealand.

BKW

Market Cap: CHF 9.2b

An international energy and infrastructure company, plans, builds, and operates infrastructure to produce and supply energy to businesses, households, and the public sector in Switzerland, Germany, Italy, France, and internationally.