Zambian Software Defensive Blue Chips

Britannia Industries

Market Cap: ₹1.4t

Manufactures and sells various food products in India and internationally.

Performance Food Group

Market Cap: US$14.7b

Through its subsidiaries, engages in the marketing and distribution of food and food-related products in North America.

Pinnacle Financial Partners

Market Cap: US$14.6b

Operates as the bank holding company for Pinnacle Bank that provides various banking products and services to individuals, businesses, and professional entities in the United States.

McCormick

Market Cap: US$14.6b

Manufactures, markets, and distributes herbs, spices, seasoning mixes, condiments, and other flavorful products to the food industry.

Smith & Nephew

Market Cap: UK£10.8b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Brookfield Renewable

Market Cap: US$14.5b

Owns and operates a portfolio of renewable power and sustainable solution assets.

Osaka Gas

Market Cap: JP¥2.3t

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

Onto Innovation

Market Cap: US$14.5b

Engages in the design, development, manufacture, and support of process control tools that perform macro-defect inspection and metrology in the United States, Taiwan, South Korea, Japan, China, Southeast Asia, Asia, and Europe.

Henan Shuanghui Investment & DevelopmentLtd

Market Cap: CN¥98.1b

Henan Shuanghui Investment & Development Co.,Ltd.

Dubai Islamic Bank P.J.S.C

Market Cap: د.إ52.8b

Engages in the corporate, retail, and investment banking activities in the United Arab Emirates and internationally.

Sonova Holding

Market Cap: CHF 11.2b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Tele2

Market Cap: SEK 130.2b

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

SCB X

Market Cap: ฿457.9b

Engages in the banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Hippo Valley Estates

Market Cap: US$1.8b

Together with its subsidiary, Chiredzi Township (Private) Limited, engages in the growing and milling of sugar cane in Zimbabwe and internationally.

Metro

Market Cap: CA$19.4b

Through its subsidiaries, operates as a retailer, franchisor, distributor, and manufacturer in the food and pharmaceutical sectors in Canada.

Suzhou Centec Communications

Market Cap: CN¥96.7b

Engages in the research and development of ethernet switch chips and supporting products in China and internationally.

HDFC Life Insurance

Market Cap: ₹1.3t

Provides individual and group insurance solutions in India.

Israel Discount Bank

Market Cap: ₪42.1b

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

Hangzhou Changchuan TechnologyLtd

Market Cap: CN¥96.3b

Researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally.

Insulet

Market Cap: US$14.1b

Develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States and internationally.

Admiral Group

Market Cap: UK£10.4b

A financial services company, provides insurance and personal lending products in the United Kingdom, France, Italy, and Spain.

Punjab National Bank

Market Cap: ₹1.3t

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

Carrefour

Market Cap: €11.9b

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

Gjensidige Forsikring

Market Cap: NOK 130.1b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

SK Telecom

Market Cap: ₩20.6t

Engages in the provision of wireless telecommunication services in South Korea.

Tokyo GasLtd

Market Cap: JP¥2.2t

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

Canara Bank

Market Cap: ₹1.3t

Provides various banking products and services in India and internationally.

Xi'an ESWIN Material Technology

Market Cap: CN¥94.4b

Xi'an ESWIN Material Technology Co., Ltd.

Shanghai Iluvatar CoreX Semiconductor

Market Cap: HK$108.3b

Shanghai Iluvatar CoreX Semiconductor Co., Ltd.

Reinsurance Group of America

Market Cap: US$13.8b

Provides life and health, and asset-intensive reinsurance in the United States, Latin America, Canada, Europe, the Middle East, Africa, Asia, and Australia.

Shanghai United Imaging Healthcare

Market Cap: CN¥94.2b

Shanghai United Imaging Healthcare Co., Ltd.

Kasikornbank

Market Cap: ฿442.0b

Provides commercial banking products and services in Thailand and internationally.

Etihad Etisalat

Market Cap: ر.س51.7b

Through its subsidiaries, establishes and operates mobile wireless telecommunication and fiber optic networks in the Kingdom of Saudi Arabia.

Rambus

Market Cap: US$13.7b

Manufactures and sells semiconductor products in the United States, South Korea, Singapore, and internationally.

BAWAG Group

Market Cap: €11.6b

Operates as a holding company for BAWAG P.S.K.

First Mutual Holdings

Market Cap: US$1.8b

Provides life assurance, non-life insurance in Zimbabwe.