Zambian Software Defensive Blue Chips

Mizuho Financial Group

Market Cap: JP¥17.7t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Altria Group

Market Cap: US$113.4b

Through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States.

Comcast

Market Cap: US$112.8b

Operates as a media and technology company worldwide.

Boston Scientific

Market Cap: US$110.7b

Develops, manufactures, and markets medical devices for use in various interventional medical specialties worldwide.

ICICI Bank

Market Cap: ₹10.0t

Engages in the provision of various banking and financial services to retail and corporate customers in India and internationally.

Al Rajhi Banking and Investment

Market Cap: ر.س413.2b

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

Constellation Energy

Market Cap: US$106.8b

Produces and sells energy products and services in the United States.

Zurich Insurance Group

Market Cap: CHF 81.9b

Provides insurance products and related services in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Bank of Montreal

Market Cap: CA$142.3b

Engages in the provision of diversified financial services primarily in North America.

National Australia Bank

Market Cap: AU$146.5b

Provides financial services to individuals and businesses in Australia, New Zealand, Europe, Asia, the United States, and internationally.

Westpac Banking

Market Cap: AU$143.5b

Provides banking and other financial services in Australia, New Zealand, the Pacific Islands, Asia, the Americas, and Europe.

CVS Health

Market Cap: US$97.6b

Provides health solutions in the United States.

NFiniTi

Market Cap: US$95.5b

Operates as an alcoholic beverage company that specializes in producing ready-to-drink cocktails across the Western Hemisphere.

Bank of Nova Scotia

Market Cap: CA$130.7b

Provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally.

AXA

Market Cap: €79.8b

Through its subsidiaries, insurance, asset management, and banking services worldwide.

PNC Financial Services Group

Market Cap: US$94.0b

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

Canadian Imperial Bank of Commerce

Market Cap: CA$126.1b

A diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally.

National Grid

Market Cap: UK£67.6b

Engages in the transmission and distribution of electricity and gas.

U.S. Bancorp

Market Cap: US$91.2b

A financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States.

MediaTek

Market Cap: NT$2.9t

Engages in the research, development, production, manufacture, and marketing of multimedia integrated circuits (ICs) in Taiwan, rest of Asia, and internationally.

CaixaBank

Market Cap: €76.8b

Provides various banking products and services for individuals and businesses in Spain, Portugal, and internationally.

Abu Dhabi National Energy Company PJSC

Market Cap: د.إ326.1b

Operates as an integrated utility company in the United Arab Emirates, North America, Europe, Africa, and internationally.

Semiconductor Manufacturing International

Market Cap: HK$691.2b

An investment holding company, engages in the manufacture, testing, and sale of integrated circuits wafer and various compound semiconductors in the United States, China, and Eurasia.

Hygon Information Technology

Market Cap: CN¥601.1b

Engages in the research and development of computing chip products and systems in China.

Marsh & McLennan Companies

Market Cap: US$86.8b

A professional services company, provides advisory services and insurance solutions to clients in the areas of risk, strategy, and people worldwide.

Postal Savings Bank of China

Market Cap: HK$677.3b

Provides various banking products and services for retail and corporate customers in the People’s Republic of China.

Barclays

Market Cap: UK£63.8b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

ING Groep

Market Cap: €72.4b

Provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally.

Nu Holdings

Market Cap: US$84.9b

Provides digital banking platform in Brazil, Mexico, Colombia, the Cayman Islands, and the United States.

ANZ Group Holdings

Market Cap: AU$119.7b

Engages in the provision of banking and financial products and services to retail and business customers in Australia and internationally.

Bank of Communications

Market Cap: HK$649.3b

Provides commercial banking products and services in China and internationally.

CRH

Market Cap: US$82.9b

Provides building materials solutions in Ireland, the United States, the United Kingdom, rest of Europe, and internationally.

Lloyds Banking Group

Market Cap: UK£60.9b

Provides a range of banking and financial products and services for retail and commercial customers in the United Kingdom.

Monster Beverage

Market Cap: US$81.8b

Through its subsidiaries, engages in development, marketing, sale, and distribution of energy drink beverages and concentrates in the United States and internationally.

Münchener Rückversicherungs-Gesellschaft in München

Market Cap: €69.2b

Engages in the insurance and reinsurance businesses worldwide.

Tokio Marine Holdings

Market Cap: JP¥12.3t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.