Zambian Software Defensive Blue Chips

Tokyo Electron

Market Cap: JP¥9.9t

Develops, manufactures, and sells semiconductor production equipment in Japan, Europe, North America, Taiwan, China, South Korea, and internationally.

Marvell Technology

Market Cap: US$66.1b

Provides data infrastructure semiconductor solutions, spanning the data center core to network edge.

Wuliangye YibinLtd

Market Cap: CN¥474.2b

Manufactures and sells liquor and wine products under the Wuliangye brand in China.

CRH

Market Cap: US$65.9b

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

ING Groep

Market Cap: €56.5b

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

Semiconductor Manufacturing International

Market Cap: HK$512.8b

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.

Nongfu Spring

Market Cap: HK$510.6b

Produces and sells packaged drinking water and beverage products primarily in Mainland China.

Life Insurance Corporation of India

Market Cap: ₹5.6t

Provides life insurance products in India, Fiji, Mauritius, and the United Kingdom.

Lloyds Banking Group

Market Cap: UK£48.0b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

Bank Central Asia

Market Cap: Rp1022.9t

Provides banking products and other financial services to individual, corporate, and small and medium enterprise customers in Indonesia and internationally.

Elevance Health

Market Cap: US$62.2b

Operates as a health benefits company in the United States.

QNB Bank

Market Cap: ₺2.5t

Provides various banking products and services in Turkey.

China CITIC Bank

Market Cap: HK$472.6b

Provides various banking products and services in the People’s Republic of China and internationally.

ANZ Group Holdings

Market Cap: AU$92.0b

Provides various banking and financial products and services to retail, individuals and business customers in Australia and internationally.

Travelers Companies

Market Cap: US$59.7b

Through its subsidiaries, provides a range of commercial and personal property, and casualty insurance products and services to businesses, government units, associations, and individuals in the United States and internationally.

Oversea-Chinese Banking

Market Cap: S$76.6b

Provides financial services in Singapore, Malaysia, Indonesia, Greater China, rest of the Asia Pacific, and internationally.

Siemens Healthineers

Market Cap: €50.8b

Through its subsidiaries, develops, manufactures, and sells a range of diagnostic and therapeutic products and services to healthcare providers worldwide.

Barito Renewables Energy

Market Cap: Rp966.6t

Engages in the generation and sale of power through geothermal and wind resources in Indonesia.

ITC

Market Cap: ₹5.2t

Engages in the fast-moving consumer goods, paperboards, paper and packaging, and agri businesses in India and internationally.

Nu Holdings

Market Cap: US$58.6b

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

Assicurazioni Generali

Market Cap: €50.3b

Provides various insurance solutions under the Generali brand in the Americas, Italy, rest of Europe, Africa, the Middle East, Asia, and the Oceania.

Shanghai Pudong Development Bank

Market Cap: CN¥417.4b

Shanghai Pudong Development Bank Co., Ltd.

Saudi National Bank

Market Cap: ر.س216.2b

Through its subsidiaries, provides banking and investment management services in the Kingdom of Saudi Arabia and internationally.

Monster Beverage

Market Cap: US$57.6b

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

Swiss Re

Market Cap: CHF 45.8b

Provides reinsurance, insurance, other insurance-based forms of risk transfer, and other insurance-related services worldwide.

NatWest Group

Market Cap: UK£42.5b

Provides banking and financial products and services in the United Kingdom and internationally.

Cencora

Market Cap: US$56.7b

Cencora, Inc. sources and distributes pharmaceutical products in the United States and internationally.

Japan Tobacco

Market Cap: JP¥8.3t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Crédit Agricole

Market Cap: €48.6b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

Saudi Telecom

Market Cap: ر.س211.6b

Provides telecommunications, information, media, and digital payment services in the Kingdom of Saudi Arabia and internationally.

Diageo

Market Cap: UK£42.3b

Engages in the production, marketing, and sale of alcoholic beverages.

Truist Financial

Market Cap: US$56.0b

A financial services company, provides banking and trust services in the Southeastern and Mid-Atlantic United States.

América Móvil. de

Market Cap: Mex$1.0t

Provides telecommunications services in Latin America and internationally.

Engie

Market Cap: €46.5b

Operates as an energy company, engages in the renewables and decentralized, low-carbon energy networks, and energy services businesses in France, Europe, North America, Asia, the Middle East, Oceania, South America, Africa, and internationally.

Allstate

Market Cap: US$54.2b

Provides property and casualty, and other insurance products in the United States and Canada.

Danone

Market Cap: €46.2b

Operates in the food and beverage industry in Europe, Ukraine, North America, China, North Asia, the Oceania, Latin America, rest of Asia, Africa, Turkey, the Middle East, and the Commonwealth of Independent States.