Zambian Telecom Defensive Blue Chips

PG&E

Market Cap: US$36.6b

Through its subsidiary, Pacific Gas and Electric Company, engages in the sale and delivery of electricity and natural gas to customers in northern and central California, the United States.

Martin Marietta Materials

Market Cap: US$36.6b

A natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally.

Federal National Mortgage Association

Market Cap: US$36.4b

Provides financing solutions for residential mortgages in the United States.

Ajinomoto

Market Cap: JP¥5.9t

Engages in the seasonings and foods, frozen foods, and healthcare and other businesses in Japan and internationally.

Fairfax Financial Holdings

Market Cap: CA$51.5b

Through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in Canada, the United States, the Middle East and Asia, and internationally.

KB Financial Group

Market Cap: ₩55.7t

Provides financial products and services in South Korea, the United States, New Zealand, China, Cambodia, the United Kingdom, Indonesia, and internationally.

Tower Semiconductor

Market Cap: US$35.7b

An independent semiconductor foundry, provides technology, development, and process platforms for integrated circuits in the United States, Japan, rest of Asia, and Europe.

ABN AMRO Bank

Market Cap: €31.3b

Provides various banking products and financial services to retail, private, and corporate banking clients in the Netherlands, rest of Europe, the United States, Asia, and internationally.

Sompo Holdings

Market Cap: JP¥5.8t

Provides property and casualty insurance services in Japan and internationally.

Hartford Insurance Group

Market Cap: US$35.5b

Provides insurance and financial services to individual and business customers in the United States, the United Kingdom, and internationally.

UltraTech Cement

Market Cap: ₹3.4t

Engages in the manufacture and sale of clinker, cement, ready mix concrete, and related products in India, the United Arab Emirates, Bahrain, and Sri Lanka.

Chunghwa Telecom

Market Cap: NT$1.1t

Operates as an integrated telecommunications service provider in Taiwan and internationally.

Powszechna Kasa Oszczednosci Bank Polski Spólka Akcyjna

Market Cap: zł131.0b

Provides various banking products and services in Poland and internationally.

Hershey

Market Cap: US$34.7b

Engages in the manufacture and sale of confectionery products and pantry items in the United States and internationally.

Huntington Bancshares

Market Cap: US$34.6b

Operates as the bank holding company for The Huntington National Bank that provides commercial, consumer, and mortgage banking services.

Intact Financial

Market Cap: CA$49.0b

Through its subsidiaries, provides property and casualty insurance products to individuals and businesses in Canada, the United States, the United Kingdom, and internationally.

British American Tobacco Zimbabwe (Holdings)

Market Cap: US$4.4b

Together with subsidiaries, manufactures, distributes, and sells cigarettes in Zimbabwe.

Koninklijke Ahold Delhaize

Market Cap: €30.1b

Operates retail food stores and e-commerce in the Netherlands, the United States, and internationally.

Yuanjie Semiconductor Technology

Market Cap: CN¥232.5b

Yuanjie Semiconductor Technology Co., Ltd.

China Jushi

Market Cap: CN¥231.7b

Manufactures and sells fiberglass and related products in China and internationally.

Kroger

Market Cap: US$34.2b

Operates as a food and drug retailer in the United States.

Prudential

Market Cap: UK£25.4b

Through its subsidiaries, provides life and health insurance, and asset management solutions to individuals in Asia and Africa.

M&T Bank

Market Cap: US$33.3b

Operates as a bank holding company for Manufacturers and Traders Trust Company and Wilmington Trust, National Association that provides retail and commercial banking products and services in the United States.

Capitec Bank Holdings

Market Cap: R545.4b

Through its subsidiaries, provides various banking products and services in South Africa.

Bank Leumi le-Israel B.M

Market Cap: ₪97.7b

Provides banking and financial services for households, small and medium enterprises, and corporations in Israel, the United Kingdom, and internationally.

BPER Banca

Market Cap: €29.0b

Engages in the provision of banking products and services for individuals, and businesses and professionals in Italy and internationally.

Huadian New Energy Group

Market Cap: CN¥221.9b

Engages in the power generation business in China.

Vodafone Group

Market Cap: UK£24.7b

Provides telecommunication services in Germany, the United Kingdom, rest of Europe, Turkey, and South Africa.

Hannover Rück

Market Cap: €28.5b

Provides reinsurance products and services in Germany, the United Kingdom, France, Europe, the United States, Asia, Australia, Africa, and internationally.

Advanced Info Service

Market Cap: ฿1.1t

Operates as a telecommunications company primarily in Thailand.

Standard Bank Group

Market Cap: R532.1b

Provides financial products and services in South Africa and internationally.

Abu Dhabi Commercial Bank PJSC

Market Cap: د.إ118.6b

Provides banking products and services in the United Arab Emirates and internationally.

Arch Capital Group

Market Cap: US$32.0b

Provides insurance, reinsurance, and mortgage insurance products in the United States, Canada, Bermuda, the United Kingdom, Europe, and Australia.

Malayan Banking Berhad

Market Cap: RM 132.6b

Provides commercial banking and related financial products and services.

Lasertec

Market Cap: JP¥5.2t

Engages in the design, manufacture, and sale of inspection and measurement equipment in Japan, South Korea, Taiwan, Other Asia, the United States.

Alcon

Market Cap: CHF 25.7b

Researches, develops, manufactures, distributes, and sells eye care products worldwide.