Zambian Software Defensive Blue Chips

Bank of Chengdu

Market Cap: CN¥79.3b

Provides various commercial banking products and services in China.

Banco Santander-Chile

Market Cap: CL$10.7t

Provides commercial and retail banking products and services in Chile.

IDBI Bank

Market Cap: ₹962.2b

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

mBank

Market Cap: zł40.1b

Provides various banking and financial services in Poland, the Czech Republic, Slovakia, and internationally.

Albertsons Companies

Market Cap: US$11.0b

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

Osaka Gas

Market Cap: JP¥1.6t

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

Telecom Italia

Market Cap: €9.4b

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

Tsingtao Brewery

Market Cap: HK$85.7b

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

Bangkok Dusit Medical Services

Market Cap: ฿352.8b

Operates hospitals in Thailand and internationally.

Adani Energy Solutions

Market Cap: ₹954.5b

Generates, transmits, and distributes power in India.

First Horizon

Market Cap: US$10.9b

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

Doximity

Market Cap: US$10.9b

Operates as a digital platform for medical professionals in the United States.

Giga Device Semiconductor

Market Cap: CN¥78.1b

Engages in the research, development, technical support, and sale of memory, microcontrollers, and sensors.

Raiffeisen Bank International

Market Cap: €9.3b

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

ICICI Lombard General Insurance

Market Cap: ₹946.1b

Provides various general insurance products and services in India.

Sembcorp Industries

Market Cap: S$13.9b

An investment holding company, engages in providing industrial and urban solutions in Singapore, the United Kingdom, China, India, rest of Asia, the Middle East, and internationally.

Acciona

Market Cap: €9.3b

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

Commercial Bank for Investment and Development of Vietnam

Market Cap: ₫284.0t

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

Taiwan Mobile

Market Cap: NT$322.1b

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

China Resources Beer (Holdings)

Market Cap: HK$84.5b

An investment holding company, manufactures, distributes, and sells alcoholic beverages in Mainland China.

Bajaj Housing Finance

Market Cap: ₹941.8b

Provides housing finance services in India.

Orkla

Market Cap: NOK 109.7b

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$10.4t

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

American Financial Group

Market Cap: US$10.7b

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

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.

Marico

Market Cap: ₹931.6b

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

Japan Post Insurance

Market Cap: JP¥1.6t

Provides life insurance products and services in Japan.

Centrica

Market Cap: UK£7.9b

Operates as an integrated energy company in the United Kingdom, Ireland, Scandinavia, North America, and internationally.

Celcomdigi Berhad

Market Cap: RM 44.9b

An investment holding company, provides mobile communication services and related products in Malaysia.

Chongqing Rural Commercial Bank

Market Cap: HK$83.0b

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

Sichuan Chuantou EnergyLtd

Market Cap: CN¥75.8b

Engages in the clean energy business in China.

Universal Health Services

Market Cap: US$10.5b

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

Türkiye Is Bankasi

Market Cap: ₺426.3b

Provides various banking products and services in Turkey.

Huadong Medicine

Market Cap: CN¥75.3b

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

United Spirits

Market Cap: ₹916.0b

Engages in the manufacture, sale, and distribution of alcoholic beverages and other allied spirits in India and internationally.

KT&G

Market Cap: ₩14.5t

Engages in the production, distribution, and sale of tobacco products in South Korea, Europe, and internationally.