Zambian Utilities Defensive Blue Chips

Santander Bank Polska

Market Cap: zł49.2b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

NMBZ Holdings

Market Cap: US$1.7b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

SCB X

Market Cap: ฿434.4b

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

Almarai

Market Cap: ر.س49.8b

Operates as an integrated consumer food and beverage company in Saudi Arabia, other Gulf Cooperation Council countries, and internationally.

Hua Nan Financial Holdings

Market Cap: NT$407.1b

Engages in the banking, securities, insurance, venture capital and asset management activities in Taiwan and internationally.

ACM Research (Shanghai)

Market Cap: CN¥94.3b

Engages in the research, development, production, and sale of semiconductor equipment in China and internationally.

Samsung Fire & Marine Insurance

Market Cap: ₩18.8t

Provides non-life insurance products and services in South Korea, China, Indonesia, Vietnam, Singapore, the United States, and the United Kingdom.

Bank Polska Kasa Opieki

Market Cap: zł48.5b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Brookfield Wealth Solutions

Market Cap: US$13.1b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.

CP ALL

Market Cap: ฿427.9b

Operates and franchises convenience stores under the 7-Eleven name to other retailers primarily in Thailand, Malaysia, and internatinally.

Helvetia Holding

Market Cap: CHF 10.6b

Engages in life and non-life insurance, and reinsurance business in Switzerland, Germany, Austria, Spain, Italy, France, and internationally.

Mashreqbank PSC

Market Cap: د.إ48.0b

Provides various banking and financial services to individuals and corporates.

Canara Bank

Market Cap: ₹1.2t

Provides various banking products and services in India and internationally.

Hormel Foods

Market Cap: US$13.1b

Develops, processes, and distributes various meat, nuts, and other food products to foodservice, convenience store, and commercial customers in the United States and internationally.

BE Semiconductor Industries

Market Cap: €11.3b

Develops, manufactures, markets, sells, and services semiconductor assembly equipment for the semiconductor and electronics industries in the Netherlands, Switzerland, Austria, Singapore, Malaysia, and internationally.

Elia Group

Market Cap: €11.2b

Develops and operates as a transmission system operator in Belgium and Germany.

FinecoBank Banca Fineco

Market Cap: €11.2b

Provides banking, credit, trading and investment services in Italy.

Banco Comercial Português

Market Cap: €11.2b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Powszechny Zaklad Ubezpieczen

Market Cap: zł47.8b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Unum Group

Market Cap: US$12.9b

Provides financial protection benefit solutions in the United States, the United Kingdom, and Poland.

GD Power DevelopmentLtd

Market Cap: CN¥92.0b

Operates as a power generation company in China.

ageas

Market Cap: €11.1b

Engages in insurance business.

Woori Financial Group

Market Cap: ₩18.2t

Operates as a commercial bank which provides various financial services to individual, business, and institutional customers in Korea.

Zegona Communications

Market Cap: UK£9.6b

Provides integrated telecommunications services in Spain.

Insurance Australia Group

Market Cap: AU$19.7b

Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand.

Turkiye Garanti Bankasi

Market Cap: ₺532.1b

Provides various banking products and services in Turkey.

Alibaba Health Information Technology

Market Cap: HK$98.9b

An investment holding company, engages in the pharmaceutical direct sales, pharmaceutical e-commerce platform, and healthcare and digital services businesses in Mainland China and Hong Kong.

Adani Energy Solutions

Market Cap: ₹1.1t

Generates, transmits, and distributes power in India.

Reinsurance Group of America

Market Cap: US$12.7b

Provides reinsurance and financial solutions.

CNA Financial

Market Cap: US$12.6b

An insurance holding company, primarily provides commercial property and casualty insurance products in the United States and internationally.

WH Group

Market Cap: HK$98.2b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Brown-Forman

Market Cap: US$12.6b

Manufactures, distills, bottles, imports, exports, markets, and sells a variety of alcohol beverages.

Smoore International Holdings

Market Cap: HK$97.7b

An investment holding company, engages in the provision of vaping technology solutions.

Max Healthcare Institute

Market Cap: ₹1.1t

Provides medical and healthcare services in India.

First Mutual Holdings

Market Cap: US$1.6b

Provides life assurance, non-life insurance in Zimbabwe.

Banco Santander-Chile

Market Cap: CL$12.0t

Provides commercial and retail banking products and services in Chile.