Zambian Retail Defensive Blue Chips

Pilgrim's Pride

Market Cap: US$11.4b

Produces, processes, markets, and distributes fresh, frozen, and value-added chicken and pork products to retailers, distributors, and foodservice operators in the United States, Europe, and Mexico.

Universal Health Services

Market Cap: US$11.3b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

RenaissanceRe Holdings

Market Cap: US$11.3b

Provides reinsurance and insurance products in the United States and internationally.

Osaka Gas

Market Cap: JP¥1.7t

Provides gas, electricity, and other energy products and services in Japan and internationally.

Huadong Medicine

Market Cap: CN¥80.4b

Engages in the wholesale and retail of pharmaceutical products in China and internationally.

First Horizon

Market Cap: US$11.2b

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

ICICI Lombard General Insurance

Market Cap: ₹970.9b

Provides various general insurance products and services in India.

Acciona

Market Cap: €9.6b

Engages in the energy, infrastructure, and other businesses in Spain and internationally.

Alibaba Health Information Technology

Market Cap: HK$86.7b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Banque Saudi Fransi

Market Cap: ر.س41.7b

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

Industrial Bank of Korea

Market Cap: ₩15.4t

Operates as a small and medium-sized enterprise (SME) financing bank in Korea and internationally.

IDBI Bank

Market Cap: ₹962.9b

Provides banking and financial solutions to retail and corporate customers in India.

Skyworks Solutions

Market Cap: US$11.0b

Designs, develops, manufactures, and markets semiconductor products in the United States, China, South Korea, Taiwan, Europe, the Middle East, Africa, and the rest of Asia-Pacific.

Globe Life

Market Cap: US$11.0b

Through its subsidiaries, provides various life and supplemental health insurance products, and annuities to lower middle- and middle-income families in the United States.

Tsingtao Brewery

Market Cap: HK$85.8b

Engages in the production, distribution, wholesale, and retail sale of beer products in Mainland China, Hong Kong, Macau, and internationally.

BE Semiconductor Industries

Market Cap: €9.4b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

SinoPac Financial Holdings

Market Cap: NT$329.5b

Through its subsidiaries, provides banking, securities, investment, leasing, and venture capital services worldwide.

Bajaj Housing Finance

Market Cap: ₹951.2b

Provides housing finance services in India.

Orkla

Market Cap: NOK 112.2b

Operates as an industrial investment company within brands and consumer-oriented businesses in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally.

Enel Américas

Market Cap: CL$10.5t

Generates, transmits, and distributes electricity in Brazil, Colombia, Central America, Argentina, and Peru.

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫286.8t

Provides various banking products and services for individuals, corporate customers, and financial institutions in Vietnam.

American Financial Group

Market Cap: US$10.9b

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

Marico

Market Cap: ₹944.7b

Manufactures and sells branded consumer products in India, Bangladesh, Vietnam, and internationally.

Taiwan Mobile

Market Cap: NT$326.6b

Provides wireless communication services in Taiwan, Republic of China, and internationally.

Alchip Technologies

Market Cap: NT$326.6b

Research, designs, and manufactures fabless application specific integrated circuits (ASIC) and system on a chip (SOC)in Japan, Taiwan, and China.

United Spirits

Market Cap: ₹943.4b

Manufactures, sells, and distributes alcoholic beverages and other allied spirits in India and internationally.

Albertsons Companies

Market Cap: US$10.8b

Through its subsidiaries, operates in the food and drug retail industry in the United States.

M3

Market Cap: JP¥1.6t

Provides medical-related services primarily to physicians and other healthcare professionals through the Internet.

Carrefour

Market Cap: €9.2b

Operates as a food retailer in France, Spain, Italy, Belgium, Poland, Romania, Brazil, Argentina, the Middle East, Africa, and Asia.

Bank of the Philippine Islands

Market Cap: ₱605.0b

Provides various financial products and services to retail and corporate clients in the Philippines.

Chubu Electric Power Company

Market Cap: JP¥1.6t

Engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally.

Bank Albilad

Market Cap: ر.س39.6b

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

Assurant

Market Cap: US$10.6b

Provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.

Airtel Africa

Market Cap: UK£7.8b

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

Bank of Chengdu

Market Cap: CN¥75.6b

Provides various commercial banking products and services in China.

ICICI Prudential Life Insurance

Market Cap: ₹916.3b

Provides life insurance, annuity, pension, and health insurance products to individuals and groups in India.