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Home › Companies › AMBEV SA › 2023-2024

AMBEV SA 2023-2024 Proxy Voting Records

At AMBEV SA's shareholder meeting held April 30, 2024, in the 2023-2024 proxy season, 89 asset managers reported how they voted in their SEC Form N-PX filings, covering 2,569 separate fund positions. Their filings are grouped here into 47 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. No official Form 8-K vote tally has been matched to this meeting, so this page states no certified outcome for its most widely held ballot item. On that item — Approve Remuneration of Company's Management — the reporting funds and managers cast 99.7% of the shares they voted in favour (FOR divided by FOR plus AGAINST plus WITHHELD; abstained and unvoted shares are excluded because neither took a side). Fund and manager reports are combined in it and may count the same shares twice: it adds fund reports to institutional-manager reports, which can cover the same shares. It is not the company's certified result.

Download data (CSV): ballot items · votes by manager · column guide.

Compiled from SEC Form N-PX filings. Page generated November 8, 2026.

  • 47Reported items
  • 89Asset managers
  • 2,569Fund votes
  • April 30, 2024Meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from AMBEV SA has been matched to it. The figures below are the funds’ own votes from Form N-PX. They are not the meeting result, so they are not used to judge dissent.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore AMBEV SA in the interactive database Compare manager voting policies

How asset managers voted at the AMBEV SA 2023-2024 meeting

Each item below shows how the 89 asset managers that disclosed a AMBEV SA vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of AMBEV SA’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.

1. Elect Fiscal Council Members

No official resultsFund totals may overlapCOMPENSATIONCORPORATE GOVERNANCE

77% Fund and manager reports combined; may count the same shares twice · no official result

ABSTAIN
Details: votes by 46 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 44 asset managers voting on “Elect Fiscal Council Members” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS00 230,831,1210Abstain
BlackRock00 175,216,2700Abstain
Invesco00 151,188,9500Abstain
Vanguard15,808,1760 126,961,1650Mixed
MFS03,322,400 36,825,5270Mixed
FINANCIAL INVESTORS TRUST00 25,199,0000Abstain
Fidelity10,1510 21,016,6130Abstain
WisdomTree00 10,371,5610Abstain
Dimensional00 7,969,1850Abstain
State Street00 7,397,8920Abstain
Perpetual Americas Funds Trust00 7,395,0500Abstain
TIAA00 6,407,5360Abstain
Columbia Threadneedle00 5,805,4120Abstain
American Century00 5,278,2630Abstain
T. Rowe Price00 4,763,2200Abstain
Victory Capital00 4,307,8000Abstain
Pacific Life00 3,586,7210Abstain
Waddell & Reed00 3,131,4970Abstain
Lincoln Financial00 2,469,6300Abstain
Franklin Templeton00 2,108,8000Abstain
Northern Trust00 1,758,2340Abstain
FIRST EAGLE VARIABLE FUNDS00 1,433,0340Abstain
MASTER INVESTMENT PORTFOLIO00 960,6550Abstain
Equitable00 903,6910Abstain
Prudential/PGIM0751,300 103,6900Mixed

Fund voting reports, all 44 managers: 15,904,527 for, 4,808,000 against, 848,490,457 abstained. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Elect Fiscal Council Members” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Westwood Global Investments, LLC00 84,989,5450Abstain
RWC Asset Management LLP2,9500 00For

Institutional-manager reports, all 2 managers: 2,950 for, 84,989,545 abstained.

2. ELECT THE EFFECTIVE AND ALTERNATE MEMBERS OF THE FISCAL COUNCIL FOR A TERM IN OFFICE OF ONE (1) YEAR, WHICH SHALL END…

No official resultsDIRECTOR ELECTIONS

Combines 2 wordings of this item as funds reported it.

99.9% of fund votes cast · no official result

FOR
Details: description as filed, votes by 18 asset managers

Description as filed by funds: ELECT THE EFFECTIVE AND ALTERNATE MEMBERS OF THE FISCAL COUNCIL FOR A TERM IN OFFICE OF ONE (1) YEAR, WHICH SHALL END ON THE ORDINARY GENERAL MEETING TO BE HELD IN 2025: SEPARATE ELECTION OF THE FISCAL COUNCIL - CANDIDATES NOMINATED BY MINORITY SHAREHOLDERS FABIO DE OLIVEIRA MOSER / JOAO VAGNES DE MOURA SILVA

The 18 asset managers below reported 67,498,951 for, 35,650 withheld, 716,721 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 67,498,951ABSTAIN: 716,721WITHHOLD: 35,650
Largest asset managers voting on “ELECT THE EFFECTIVE AND ALTERNATE MEMBERS OF THE FISCAL COUNCIL FOR A TERM IN OFFICE OF ONE (1) YEAR, WHICH SH” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC54,982,8230 00For
Jackson National7,004,7670 00For
Bridge Builder Trust1,723,6630 00For
Investment Managers Series Trust750,6560 700,0000Mixed
Morningstar Funds Trust890,0160 00For
Natixis812,0300 00For
Pacer Funds Trust593,8890 00For
Loomis Sayles447,6280 00For
Brighthouse198,0720 00For
TRUST FOR PROFESSIONAL MANAGERS43,8660 00For
Northern Lights Fund Trust IV00 035,650Withhold
John Hancock31,4340 00For
ADVISORS SERIES TRUST13,5430 00For
Evernest Financial Advisors, LLC00 8,0510Abstain
Advisor Managed Portfolios00 7,2000Abstain
Decatur Capital Management, Inc.4,3020 00For
Series Portfolios Trust2,2620 00For
King Wealth Management Group00 1,4700Abstain

3. Amend the Company's Bylaws, pursuant to the Management Proposal, to: rectify article 15, section 5, item "h", to…

No official resultsDIRECTOR ELECTIONSCORPORATE GOVERNANCE

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 17 asset managers

Description as filed by funds: amend the Company's Bylaws, pursuant to the Management Proposal, to: rectify article 15, section 5, item "h", to include the word "no", expressly stating that for the purposes of characterizing the independency of the members of the Board of Directors of the Company, he/she must not have founded the Company nor has significant influence over it.

The 17 asset managers below reported 68,241,801 for, 1,470 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 68,241,801ABSTAIN: 1,470
Largest asset managers voting on “amend the Company's Bylaws, pursuant to the Management Proposal, to: rectify article 15, section 5, item "h", ” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC54,982,8230 00For
Jackson National7,004,7670 00For
Bridge Builder Trust1,723,6630 00For
Investment Managers Series Trust1,450,6560 00For
Morningstar Funds Trust890,0160 00For
Natixis812,0300 00For
Pacer Funds Trust593,8890 00For
Loomis Sayles447,6280 00For
Brighthouse198,0720 00For
TRUST FOR PROFESSIONAL MANAGERS43,8660 00For
Northern Lights Fund Trust IV35,6500 00For
John Hancock31,4340 00For
ADVISORS SERIES TRUST13,5430 00For
Advisor Managed Portfolios7,2000 00For
Decatur Capital Management, Inc.4,3020 00For
Series Portfolios Trust2,2620 00For
King Wealth Management Group00 1,4700Abstain

4. Elect the effective and alternate members of the Fiscal Council for a term in office of one (1) year, which shall end…

No official resultsAUDIT-RELATED

Combines 4 wordings of this item as funds reported it.

100% of fund votes cast · no official result

ABSTAIN
Details: description as filed, votes by 13 asset managers

Description as filed by funds: elect the effective and alternate members of the Fiscal Council for a term in office of one (1) year, which shall end on the Ordinary General Meeting to be held in 2025: Controller Slate - Fiscal Council: José Ronaldo Vilela Rezende, Elidie Palma Bifano, Emanuel Sotelino Schifferle (Alternate), Eduardo Rogatto Luque (Alternate).

The 13 asset managers below reported 53,164 for, 63,931,450 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 53,164ABSTAIN: 63,931,450
Largest asset managers voting on “elect the effective and alternate members of the Fiscal Council for a term in office of one (1) year, which sh” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC00 54,982,8230Abstain
Jackson National00 7,004,7670Abstain
Natixis00 812,0300Abstain
Pacer Funds Trust00 593,8890Abstain
Loomis Sayles00 447,6280Abstain
TRUST FOR PROFESSIONAL MANAGERS00 43,8660Abstain
Northern Lights Fund Trust IV35,6510 00For
John Hancock00 31,4340Abstain
ADVISORS SERIES TRUST00 13,5430Abstain
Evernest Financial Advisors, LLC8,0510 00For
Advisor Managed Portfolios7,2000 00For
Series Portfolios Trust2,2620 00For
King Wealth Management Group00 1,4700Abstain

5. Approve Recasting of Votes for Amended Supervisory Council Slate

No official resultsDIRECTOR ELECTIONS

0.2% of fund votes cast · no official result

AGAINST
Details: votes by 11 asset managers

The 11 asset managers below reported 50,400 for, 45,909,440 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 50,400AGAINST: 45,909,440
Largest asset managers voting on “Approve Recasting of Votes for Amended Supervisory Council Slate” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab013,261,545 00Against
SEI011,722,113 00Against
Adviser Managed Trust09,464,400 00Against
BRANDES INVESTMENT TRUST05,098,600 00Against
Russell Investments04,881,230 00Against
VanEck ETF Trust0968,800 00Against
2023 ETF Series Trust0434,204 00Against
Prudential/PGIM50,4000 00For
Federated Hermes038,564 00Against
Global X025,534 00Against
Goldman Sachs014,450 00Against

6. Elect Fabio de Oliveira Moser to the Supervisory Council Presented by Minority Shareholders

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 45,959,840 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 45,959,840
Largest asset managers voting on “Elect Fabio de Oliveira Moser to the Supervisory Council Presented by Minority Shareholders” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab13,261,5450 00For
SEI11,722,1130 00For
Adviser Managed Trust9,464,4000 00For
BRANDES INVESTMENT TRUST5,098,6000 00For
Russell Investments4,881,2300 00For
VanEck ETF Trust968,8000 00For
2023 ETF Series Trust434,2040 00For
Prudential/PGIM50,4000 00For
Federated Hermes38,5640 00For
Global X25,5340 00For
Goldman Sachs14,4500 00For

7. Election of Supervisory Council

No official resultsDIRECTOR ELECTIONS

100% of fund votes cast · no official result

ABSTAIN
Details: votes by 11 asset managers

The 11 asset managers below reported 50,400 for, 45,909,440 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 50,400ABSTAIN: 45,909,440
Largest asset managers voting on “Election of Supervisory Council” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab00 13,261,5450Abstain
SEI00 11,722,1130Abstain
Adviser Managed Trust00 9,464,4000Abstain
BRANDES INVESTMENT TRUST00 5,098,6000Abstain
Russell Investments00 4,881,2300Abstain
VanEck ETF Trust00 968,8000Abstain
2023 ETF Series Trust00 434,2040Abstain
Prudential/PGIM50,4000 00For
Federated Hermes00 38,5640Abstain
Global X00 25,5340Abstain
Goldman Sachs00 14,4500Abstain

8. Nomination of all the names that compose the slate jose ronaldo vilela rezende emanuel sotelino schifferle and elidie…

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: NOMINATION OF ALL THE NAMES THAT COMPOSE THE SLATE JOSE RONALDO VILELA REZENDE EMANUEL SOTELINO SCHIFFERLE AND ELIDIE PALMA BIFANO EDUARDO ROGATTO LUQUE

The 11 asset managers below reported 40,376,604 for, 3,362,694 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 40,376,604ABSTAIN: 3,362,694
Largest asset managers voting on “NOMINATION OF ALL THE NAMES THAT COMPOSE THE SLATE JOSE RONALDO VILELA REZENDE EMANUEL SOTELINO SCHIFFERLE AND” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
ADVISORS SERIES TRUST21,666,0000 00For
Bridge Builder Trust15,859,6040 00For
Brown Advisory Funds2,429,5000 00For
John Hancock00 877,4300Abstain
Jackson National00 821,1550Abstain
JPMorgan00 820,5860Abstain
DIAMOND HILL FUNDS00 658,4590Abstain
WILSHIRE MUTUAL FUNDS INC381,3000 66,7000Mixed
Krane Shares Trust00 99,8000Abstain
Advisors' Inner Circle Fund III40,2000 00For
GPS Funds I00 18,5640Abstain

9. SEPARATE ELECTION OF A MEMBER OF THE FISCAL COUNCIL BY MINORITY SHAREHOLDERS HOLDING SHARES WITH VOTING RIGHTS. THE…

No official resultsAUDIT-RELATED

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: SEPARATE ELECTION OF A MEMBER OF THE FISCAL COUNCIL BY MINORITY SHAREHOLDERS HOLDING SHARES WITH VOTING RIGHTS. THE SHAREHOLDER MUST COMPLETE THIS FIELD SHOULD HE HAVE LEFT THE GENERAL ELECTION FIELD BLANK. FABIO DE OLIVEIRA MOSER JOAO VAGNES DE MOURA SILVA

The 11 asset managers below reported 43,739,298 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 43,739,298
Largest asset managers voting on “SEPARATE ELECTION OF A MEMBER OF THE FISCAL COUNCIL BY MINORITY SHAREHOLDERS HOLDING SHARES WITH VOTING RIGHTS” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
ADVISORS SERIES TRUST21,666,0000 00For
Bridge Builder Trust15,859,6040 00For
Brown Advisory Funds2,429,5000 00For
John Hancock877,4300 00For
Jackson National821,1550 00For
JPMorgan820,5860 00For
DIAMOND HILL FUNDS658,4590 00For
WILSHIRE MUTUAL FUNDS INC448,0000 00For
Krane Shares Trust99,8000 00For
Advisors' Inner Circle Fund III40,2000 00For
GPS Funds I18,5640 00For

10. Amend Article 15

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 46 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 44 asset managers voting on “Amend Article 15” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS230,831,1210 00For
BlackRock175,216,2700 00For
Invesco151,188,9500 00For
Vanguard142,769,3410 00For
MFS40,147,9270 00For
FINANCIAL INVESTORS TRUST25,199,0000 00For
Fidelity21,026,7640 00For
WisdomTree10,371,5610 00For
Dimensional7,969,1850 00For
State Street7,397,8920 00For
Perpetual Americas Funds Trust7,395,0500 00For
TIAA6,407,5360 00For
Columbia Threadneedle5,805,4120 00For
American Century5,278,2630 00For
T. Rowe Price4,763,2200 00For
Victory Capital4,307,8000 00For
Pacific Life3,586,7210 00For
Waddell & Reed3,131,4970 00For
Lincoln Financial2,469,6300 00For
Franklin Templeton2,108,8000 00For
Northern Trust1,758,2340 00For
FIRST EAGLE VARIABLE FUNDS1,433,0340 00For
MASTER INVESTMENT PORTFOLIO960,6550 00For
Equitable903,6910 00For
Prudential/PGIM854,9900 00For

Fund voting reports, all 44 managers: 869,202,984 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Amend Article 15” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Westwood Global Investments, LLC84,989,5450 00For
RWC Asset Management LLP10,9000 00For

Institutional-manager reports, all 2 managers: 85,000,445 for.

11. Amend Article 5 to Reflect Changes in Capital

No official resultsFund totals may overlapCAPITAL STRUCTURECORPORATE GOVERNANCE

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 46 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 44 asset managers voting on “Amend Article 5 to Reflect Changes in Capital” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS230,831,1210 00For
BlackRock175,216,2700 00For
Invesco151,188,9500 00For
Vanguard142,769,3410 00For
MFS40,147,9270 00For
FINANCIAL INVESTORS TRUST25,199,0000 00For
Fidelity21,026,7640 00For
WisdomTree10,371,5610 00For
Dimensional7,969,1850 00For
State Street7,397,8920 00For
Perpetual Americas Funds Trust7,395,0500 00For
TIAA6,407,5360 00For
Columbia Threadneedle5,805,4120 00For
American Century5,278,2630 00For
T. Rowe Price4,763,2200 00For
Victory Capital4,307,8000 00For
Pacific Life3,586,7210 00For
Waddell & Reed3,131,4970 00For
Lincoln Financial2,469,6300 00For
Franklin Templeton2,108,8000 00For
Northern Trust1,758,2340 00For
FIRST EAGLE VARIABLE FUNDS1,433,0340 00For
MASTER INVESTMENT PORTFOLIO960,6550 00For
Equitable903,6910 00For
Prudential/PGIM854,9900 00For

Fund voting reports, all 44 managers: 869,202,984 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Amend Article 5 to Reflect Changes in Capital” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Westwood Global Investments, LLC84,989,5450 00For
RWC Asset Management LLP10,9000 00For

Institutional-manager reports, all 2 managers: 85,000,445 for.

12. Amend Articles

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 46 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 44 asset managers voting on “Amend Articles” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS230,831,1210 00For
BlackRock175,216,2700 00For
Invesco151,188,9500 00For
Vanguard142,769,3410 00For
MFS40,147,9270 00For
FINANCIAL INVESTORS TRUST25,199,0000 00For
Fidelity21,026,7640 00For
WisdomTree10,371,5610 00For
Dimensional7,969,1850 00For
State Street7,397,8920 00For
Perpetual Americas Funds Trust7,395,0500 00For
TIAA6,407,5360 00For
Columbia Threadneedle5,805,4120 00For
American Century5,278,2630 00For
T. Rowe Price4,763,2200 00For
Victory Capital4,307,8000 00For
Pacific Life3,586,7210 00For
Waddell & Reed3,131,4970 00For
Lincoln Financial2,469,6300 00For
Franklin Templeton2,108,8000 00For
Northern Trust1,758,2340 00For
FIRST EAGLE VARIABLE FUNDS1,433,0340 00For
MASTER INVESTMENT PORTFOLIO960,6550 00For
Equitable903,6910 00For
Prudential/PGIM854,9900 00For

Fund voting reports, all 44 managers: 869,202,984 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Amend Articles” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Westwood Global Investments, LLC84,989,5450 00For
RWC Asset Management LLP10,9000 00For

Institutional-manager reports, all 2 managers: 85,000,445 for.

13. In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under…

2% Fund and manager reports combined; may count the same shares twice · no official result

AGAINST
Details: description as filed, votes by 46 asset managers

Description as filed by funds: In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Under Articles 161 and 240 of the Brazilian Corporate Law, May Your Votes Still Be Counted for the Proposed Slate?

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 44 asset managers voting on “In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Un” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS0230,831,121 00Against
BlackRock0175,216,270 00Against
Invesco0151,188,950 00Against
Vanguard15,808,176126,961,165 00Mixed
MFS040,147,927 00Against
FINANCIAL INVESTORS TRUST025,199,000 00Against
Fidelity021,026,764 00Against
WisdomTree010,371,561 00Against
Dimensional07,969,185 00Against
State Street07,397,892 00Against
Perpetual Americas Funds Trust07,395,050 00Against
TIAA06,407,536 00Against
Columbia Threadneedle05,805,412 00Against
American Century05,278,263 00Against
T. Rowe Price04,763,220 00Against
Victory Capital04,307,800 00Against
Pacific Life03,586,721 00Against
Waddell & Reed03,131,497 00Against
Lincoln Financial02,469,630 00Against
Franklin Templeton02,108,800 00Against
Northern Trust01,758,234 00Against
FIRST EAGLE VARIABLE FUNDS01,433,034 00Against
MASTER INVESTMENT PORTFOLIO0960,655 00Against
Equitable0903,691 00Against
Prudential/PGIM0854,990 00Against

Fund voting reports, all 44 managers: 15,808,176 for, 853,394,808 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “In Case One of the Nominees Leaves the Fiscal Council Slate Due to a Separate Minority Election, as Allowed Un” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Westwood Global Investments, LLC084,989,545 00Against
RWC Asset Management LLP6,2000 00For

Institutional-manager reports, all 2 managers: 6,200 for, 84,989,545 against.

14. Renumber and Consolidate Bylaws

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 46 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 44 asset managers voting on “Renumber and Consolidate Bylaws” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS230,831,1210 00For
BlackRock175,216,2700 00For
Invesco151,188,9500 00For
Vanguard142,769,3410 00For
MFS40,147,9270 00For
FINANCIAL INVESTORS TRUST25,199,0000 00For
Fidelity21,026,7640 00For
WisdomTree10,371,5610 00For
Dimensional7,969,1850 00For
State Street7,397,8920 00For
Perpetual Americas Funds Trust7,395,0500 00For
TIAA6,407,5360 00For
Columbia Threadneedle5,805,4120 00For
American Century5,278,2630 00For
T. Rowe Price4,763,2200 00For
Victory Capital4,307,8000 00For
Pacific Life3,586,7210 00For
Waddell & Reed3,131,4970 00For
Lincoln Financial2,469,6300 00For
Franklin Templeton2,108,8000 00For
Northern Trust1,758,2340 00For
FIRST EAGLE VARIABLE FUNDS1,433,0340 00For
MASTER INVESTMENT PORTFOLIO960,6550 00For
Equitable903,6910 00For
Prudential/PGIM854,9900 00For

Fund voting reports, all 44 managers: 869,202,984 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Renumber and Consolidate Bylaws” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Westwood Global Investments, LLC84,989,5450 00For
RWC Asset Management LLP10,9000 00For

Institutional-manager reports, all 2 managers: 85,000,445 for.

15. Amend the company's bylaws, pursuant to the management proposal, to: amend articles 22, 32 and 33, and exclude article…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 18 asset managers

Description as filed by funds: AMEND THE COMPANY'S BYLAWS, PURSUANT TO THE MANAGEMENT PROPOSAL, TO: AMEND ARTICLES 22, 32 AND 33, AND EXCLUDE ARTICLE 34, TO REFORMULATE THE COMPOSITION OF THE BOARD OF OFFICERS OF THE COMPANY, RENAMING AND REDISTRIBUTING THE ATTRIBUTIONS OF CERTAIN POSITIONS.

The 18 asset managers below reported 68,249,852 for, 1,470 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 68,249,852ABSTAIN: 1,470
Largest asset managers voting on “AMEND THE COMPANY'S BYLAWS, PURSUANT TO THE MANAGEMENT PROPOSAL, TO: AMEND ARTICLES 22, 32 AND 33, AND EXCLUDE” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC54,982,8230 00For
Jackson National7,004,7670 00For
Bridge Builder Trust1,723,6630 00For
Investment Managers Series Trust1,450,6560 00For
Morningstar Funds Trust890,0160 00For
Natixis812,0300 00For
Pacer Funds Trust593,8890 00For
Loomis Sayles447,6280 00For
Brighthouse198,0720 00For
TRUST FOR PROFESSIONAL MANAGERS43,8660 00For
Northern Lights Fund Trust IV35,6500 00For
John Hancock31,4340 00For
ADVISORS SERIES TRUST13,5430 00For
Evernest Financial Advisors, LLC8,0510 00For
Advisor Managed Portfolios7,2000 00For
Decatur Capital Management, Inc.4,3020 00For
Series Portfolios Trust2,2620 00For
King Wealth Management Group00 1,4700Abstain

16. Renumber the current articles 34 to 46 and consolidate the company's bylaws.

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 18 asset managers

Description as filed by funds: RENUMBER THE CURRENT ARTICLES 34 TO 46 AND CONSOLIDATE THE COMPANY'S BYLAWS.

The 18 asset managers below reported 68,249,852 for, 1,470 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 68,249,852ABSTAIN: 1,470
Largest asset managers voting on “RENUMBER THE CURRENT ARTICLES 34 TO 46 AND CONSOLIDATE THE COMPANY'S BYLAWS.” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC54,982,8230 00For
Jackson National7,004,7670 00For
Bridge Builder Trust1,723,6630 00For
Investment Managers Series Trust1,450,6560 00For
Morningstar Funds Trust890,0160 00For
Natixis812,0300 00For
Pacer Funds Trust593,8890 00For
Loomis Sayles447,6280 00For
Brighthouse198,0720 00For
TRUST FOR PROFESSIONAL MANAGERS43,8660 00For
Northern Lights Fund Trust IV35,6500 00For
John Hancock31,4340 00For
ADVISORS SERIES TRUST13,5430 00For
Evernest Financial Advisors, LLC8,0510 00For
Advisor Managed Portfolios7,2000 00For
Decatur Capital Management, Inc.4,3020 00For
Series Portfolios Trust2,2620 00For
King Wealth Management Group00 1,4700Abstain

17. Amendments to Article 15 (Board Independence)

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 45,959,840 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 45,959,840
Largest asset managers voting on “Amendments to Article 15 (Board Independence)” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab13,261,5450 00For
SEI11,722,1130 00For
Adviser Managed Trust9,464,4000 00For
BRANDES INVESTMENT TRUST5,098,6000 00For
Russell Investments4,881,2300 00For
VanEck ETF Trust968,8000 00For
2023 ETF Series Trust434,2040 00For
Prudential/PGIM50,4000 00For
Federated Hermes38,5640 00For
Global X25,5340 00For
Goldman Sachs14,4500 00For

18. Amendments to Article 5 (Reconciliation of Share Capital)

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 45,959,840 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 45,959,840
Largest asset managers voting on “Amendments to Article 5 (Reconciliation of Share Capital)” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab13,261,5450 00For
SEI11,722,1130 00For
Adviser Managed Trust9,464,4000 00For
BRANDES INVESTMENT TRUST5,098,6000 00For
Russell Investments4,881,2300 00For
VanEck ETF Trust968,8000 00For
2023 ETF Series Trust434,2040 00For
Prudential/PGIM50,4000 00For
Federated Hermes38,5640 00For
Global X25,5340 00For
Goldman Sachs14,4500 00For

19. Amendments to Articles (Management Board)

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 45,959,840 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 45,959,840
Largest asset managers voting on “Amendments to Articles (Management Board)” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab13,261,5450 00For
SEI11,722,1130 00For
Adviser Managed Trust9,464,4000 00For
BRANDES INVESTMENT TRUST5,098,6000 00For
Russell Investments4,881,2300 00For
VanEck ETF Trust968,8000 00For
2023 ETF Series Trust434,2040 00For
Prudential/PGIM50,4000 00For
Federated Hermes38,5640 00For
Global X25,5340 00For
Goldman Sachs14,4500 00For

20. Amendments to Articles (Technical); Consolidation of Articles

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 45,959,840 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 45,959,840
Largest asset managers voting on “Amendments to Articles (Technical); Consolidation of Articles” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab13,261,5450 00For
SEI11,722,1130 00For
Adviser Managed Trust9,464,4000 00For
BRANDES INVESTMENT TRUST5,098,6000 00For
Russell Investments4,881,2300 00For
VanEck ETF Trust968,8000 00For
2023 ETF Series Trust434,2040 00For
Prudential/PGIM50,4000 00For
Federated Hermes38,5640 00For
Global X25,5340 00For
Goldman Sachs14,4500 00For

21. To approve the amendment of the corporate bylaws, for the amendment of articles 22, 32 and 33 and for the exclusion of…

No official resultsCORPORATE GOVERNANCE

99.9% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: TO APPROVE THE AMENDMENT OF THE CORPORATE BYLAWS, FOR THE AMENDMENT OF ARTICLES 22, 32 AND 33 AND FOR THE EXCLUSION OF ARTICLE 34, IN ORDER TO REFORMULATE THE COMPOSITION OF THE EXECUTIVE COMMITTEE OF THE COMPANY, RENAMING AND REDISTRIBUTING THE AUTHORITY OF CERTAIN POSITIONS, AS IS DETAILED IN APPENDIX B.I OF THE PROPOSAL FROM THE MANAGEMENT

The 11 asset managers below reported 43,699,098 for, 40,200 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 43,699,098AGAINST: 40,200
Largest asset managers voting on “TO APPROVE THE AMENDMENT OF THE CORPORATE BYLAWS, FOR THE AMENDMENT OF ARTICLES 22, 32 AND 33 AND FOR THE EXCL” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
ADVISORS SERIES TRUST21,666,0000 00For
Bridge Builder Trust15,859,6040 00For
Brown Advisory Funds2,429,5000 00For
John Hancock877,4300 00For
Jackson National821,1550 00For
JPMorgan820,5860 00For
DIAMOND HILL FUNDS658,4590 00For
WILSHIRE MUTUAL FUNDS INC448,0000 00For
Krane Shares Trust99,8000 00For
Advisors' Inner Circle Fund III040,200 00Against
GPS Funds I18,5640 00For

22. IF ONE OF THE CANDIDATES WHO IS PART OF THE SLATE CEASES TO BE PART OF IT IN ORDER TO ACCOMMODATE THE SEPARATE ELECTION…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

92% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: IF ONE OF THE CANDIDATES WHO IS PART OF THE SLATE CEASES TO BE PART OF IT IN ORDER TO ACCOMMODATE THE SEPARATE ELECTION THAT IS DEALT WITH IN ARTICLE 161, 4 AND ARTICLE 240 OF LAW 6,404 OF 1976, CAN THE VOTES CORRESPONDING TO YOUR SHARES CONTINUE TO BE CONFERRED ON THE CHOSEN SLATE

The 11 asset managers below reported 40,376,604 for, 3,362,694 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 40,376,604AGAINST: 3,362,694
Largest asset managers voting on “IF ONE OF THE CANDIDATES WHO IS PART OF THE SLATE CEASES TO BE PART OF IT IN ORDER TO ACCOMMODATE THE SEPARATE” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
ADVISORS SERIES TRUST21,666,0000 00For
Bridge Builder Trust15,859,6040 00For
Brown Advisory Funds2,429,5000 00For
John Hancock0877,430 00Against
Jackson National0821,155 00Against
JPMorgan0820,586 00Against
DIAMOND HILL FUNDS0658,459 00Against
WILSHIRE MUTUAL FUNDS INC381,30066,700 00Mixed
Krane Shares Trust099,800 00Against
Advisors' Inner Circle Fund III40,2000 00For
GPS Funds I018,564 00Against

23. Amend the company's bylaws, pursuant to the management proposal, to: amend the heading of article 5, in order to…

No official resultsSHAREHOLDER RIGHTS AND DEFENSES

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 18 asset managers

Description as filed by funds: AMEND THE COMPANY'S BYLAWS, PURSUANT TO THE MANAGEMENT PROPOSAL, TO: AMEND THE HEADING OF ARTICLE 5, IN ORDER TO REFLECT THE CAPITAL INCREASES APPROVED BY THE BOARD OF DIRECTORS UP TO THE DATE OF THE EXTRAORDINARY GENERAL MEETING, WITHIN THE AUTHORIZED CAPITAL LIMIT.

The 18 asset managers below reported 68,249,852 for, 1,470 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 68,249,852ABSTAIN: 1,470
Largest asset managers voting on “AMEND THE COMPANY'S BYLAWS, PURSUANT TO THE MANAGEMENT PROPOSAL, TO: AMEND THE HEADING OF ARTICLE 5, IN ORDER ” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC54,982,8230 00For
Jackson National7,004,7670 00For
Bridge Builder Trust1,723,6630 00For
Investment Managers Series Trust1,450,6560 00For
Morningstar Funds Trust890,0160 00For
Natixis812,0300 00For
Pacer Funds Trust593,8890 00For
Loomis Sayles447,6280 00For
Brighthouse198,0720 00For
TRUST FOR PROFESSIONAL MANAGERS43,8660 00For
Northern Lights Fund Trust IV35,6500 00For
John Hancock31,4340 00For
ADVISORS SERIES TRUST13,5430 00For
Evernest Financial Advisors, LLC8,0510 00For
Advisor Managed Portfolios7,2000 00For
Decatur Capital Management, Inc.4,3020 00For
Series Portfolios Trust2,2620 00For
King Wealth Management Group00 1,4700Abstain

24. Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2023

100% Fund and manager reports combined; may count the same shares twice · no official result

FORABSTAIN
Details: votes by 46 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 44 asset managers voting on “Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2023” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS230,831,1210 00For
BlackRock00 175,216,2700Abstain
Invesco151,188,9500 00For
Vanguard142,769,3410 00For
MFS40,147,9270 00For
FINANCIAL INVESTORS TRUST25,199,0000 00For
Fidelity21,026,7640 00For
WisdomTree10,371,5610 00For
Dimensional7,969,1850 00For
State Street7,397,8920 00For
Perpetual Americas Funds Trust7,395,0500 00For
TIAA6,407,5360 00For
Columbia Threadneedle5,805,4120 00For
American Century5,278,2630 00For
T. Rowe Price4,763,2200 00For
Victory Capital4,307,8000 00For
Pacific Life3,586,7210 00For
Waddell & Reed3,131,4970 00For
Lincoln Financial2,215,2200 254,4100Mixed
Franklin Templeton2,108,8000 00For
Northern Trust1,758,2340 00For
FIRST EAGLE VARIABLE FUNDS1,433,0340 00For
MASTER INVESTMENT PORTFOLIO00 960,6550Abstain
Equitable903,6910 00For
Prudential/PGIM854,9900 00For

Fund voting reports, all 44 managers: 692,643,711 for, 176,559,273 abstained. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Accept Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2023” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Westwood Global Investments, LLC84,989,5450 00For
RWC Asset Management LLP10,9000 00For

Institutional-manager reports, all 2 managers: 85,000,445 for.

25. Approve Allocation of Income and Dividends

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 46 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 44 asset managers voting on “Approve Allocation of Income and Dividends” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS230,831,1210 00For
BlackRock175,216,2700 00For
Invesco151,188,9500 00For
Vanguard142,769,3410 00For
MFS40,147,9270 00For
FINANCIAL INVESTORS TRUST25,199,0000 00For
Fidelity21,026,7640 00For
WisdomTree10,371,5610 00For
Dimensional7,969,1850 00For
State Street7,397,8920 00For
Perpetual Americas Funds Trust7,395,0500 00For
TIAA6,407,5360 00For
Columbia Threadneedle5,805,4120 00For
American Century5,278,2630 00For
T. Rowe Price4,763,2200 00For
Victory Capital4,307,8000 00For
Pacific Life3,586,7210 00For
Waddell & Reed3,131,4970 00For
Lincoln Financial2,469,6300 00For
Franklin Templeton2,108,8000 00For
Northern Trust1,758,2340 00For
FIRST EAGLE VARIABLE FUNDS1,433,0340 00For
MASTER INVESTMENT PORTFOLIO960,6550 00For
Equitable903,6910 00For
Prudential/PGIM854,9900 00For

Fund voting reports, all 44 managers: 869,202,984 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Approve Allocation of Income and Dividends” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Westwood Global Investments, LLC84,989,5450 00For
RWC Asset Management LLP16,4530 00For

Institutional-manager reports, all 2 managers: 85,005,998 for.

26. Analyze and approve the management accounts, with examination, discussion and voting on the company's financial…

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 18 asset managers

Description as filed by funds: ANALYZE AND APPROVE THE MANAGEMENT ACCOUNTS, WITH EXAMINATION, DISCUSSION AND VOTING ON THE COMPANY'S FINANCIAL STATEMENTS RELATED TO THE FISCAL YEAR ENDED DECEMBER 31, 2023, PURSUANT TO THE MANAGEMENT PROPOSAL.

The 18 asset managers below reported 68,249,852 for, 1,470 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 68,249,852ABSTAIN: 1,470
Largest asset managers voting on “ANALYZE AND APPROVE THE MANAGEMENT ACCOUNTS, WITH EXAMINATION, DISCUSSION AND VOTING ON THE COMPANY'S FINANCIA” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC54,982,8230 00For
Jackson National7,004,7670 00For
Bridge Builder Trust1,723,6630 00For
Investment Managers Series Trust1,450,6560 00For
Morningstar Funds Trust890,0160 00For
Natixis812,0300 00For
Pacer Funds Trust593,8890 00For
Loomis Sayles447,6280 00For
Brighthouse198,0720 00For
TRUST FOR PROFESSIONAL MANAGERS43,8660 00For
Northern Lights Fund Trust IV35,6500 00For
John Hancock31,4340 00For
ADVISORS SERIES TRUST13,5430 00For
Evernest Financial Advisors, LLC8,0510 00For
Advisor Managed Portfolios7,2000 00For
Decatur Capital Management, Inc.4,3020 00For
Series Portfolios Trust2,2620 00For
King Wealth Management Group00 1,4700Abstain

27. Resolve on the allocation of the net profits for the fiscal year ended December 31, 2023, pursuant to the management…

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 18 asset managers

Description as filed by funds: RESOLVE ON THE ALLOCATION OF THE NET PROFITS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023, PURSUANT TO THE MANAGEMENT PROPOSAL

The 18 asset managers below reported 68,249,852 for, 1,470 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 68,249,852ABSTAIN: 1,470
Largest asset managers voting on “RESOLVE ON THE ALLOCATION OF THE NET PROFITS FOR THE FISCAL YEAR ENDED DECEMBER 31, 2023, PURSUANT TO THE MANA” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC54,982,8230 00For
Jackson National7,004,7670 00For
Bridge Builder Trust1,723,6630 00For
Investment Managers Series Trust1,450,6560 00For
Morningstar Funds Trust890,0160 00For
Natixis812,0300 00For
Pacer Funds Trust593,8890 00For
Loomis Sayles447,6280 00For
Brighthouse198,0720 00For
TRUST FOR PROFESSIONAL MANAGERS43,8660 00For
Northern Lights Fund Trust IV35,6500 00For
John Hancock31,4340 00For
ADVISORS SERIES TRUST13,5430 00For
Evernest Financial Advisors, LLC8,0510 00For
Advisor Managed Portfolios7,2000 00For
Decatur Capital Management, Inc.4,3020 00For
Series Portfolios Trust2,2620 00For
King Wealth Management Group00 1,4700Abstain

28. Approval of the proposal for the allocation of net income for the fiscal year ended on December 31, 2023, with the…

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 11 asset managers

Description as filed by funds: APPROVAL OF THE PROPOSAL FOR THE ALLOCATION OF NET INCOME FOR THE FISCAL YEAR ENDED ON DECEMBER 31, 2023, WITH THE CONSEQUENT RATIFICATION OF THE PAYMENT OF INTERESTS ON SHAREHOLDERS EQUITY MADE TO THE SHAREHOLDERS DUE ON PROFIT OF THE EXERCISE OF 2023, UNDER THE TERMS OF THE MANAGEMENT PROPOSAL

The 11 asset managers below reported 43,739,298 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 43,739,298
Largest asset managers voting on “APPROVAL OF THE PROPOSAL FOR THE ALLOCATION OF NET INCOME FOR THE FISCAL YEAR ENDED ON DECEMBER 31, 2023, WITH” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
ADVISORS SERIES TRUST21,666,0000 00For
Bridge Builder Trust15,859,6040 00For
Brown Advisory Funds2,429,5000 00For
John Hancock877,4300 00For
Jackson National821,1550 00For
JPMorgan820,5860 00For
DIAMOND HILL FUNDS658,4590 00For
WILSHIRE MUTUAL FUNDS INC448,0000 00For
Krane Shares Trust99,8000 00For
Advisors' Inner Circle Fund III40,2000 00For
GPS Funds I18,5640 00For

29. Accounts and Reports

No official resultsCORPORATE GOVERNANCE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 45,959,840 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 45,959,840
Largest asset managers voting on “Accounts and Reports” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab13,261,5450 00For
SEI11,722,1130 00For
Adviser Managed Trust9,464,4000 00For
BRANDES INVESTMENT TRUST5,098,6000 00For
Russell Investments4,881,2300 00For
VanEck ETF Trust968,8000 00For
2023 ETF Series Trust434,2040 00For
Prudential/PGIM50,4000 00For
Federated Hermes38,5640 00For
Global X25,5340 00For
Goldman Sachs14,4500 00For

30. Allocation of Profits/Dividends

No official resultsCAPITAL STRUCTURE

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 45,959,840 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 45,959,840
Largest asset managers voting on “Allocation of Profits/Dividends” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab13,261,5450 00For
SEI11,722,1130 00For
Adviser Managed Trust9,464,4000 00For
BRANDES INVESTMENT TRUST5,098,6000 00For
Russell Investments4,881,2300 00For
VanEck ETF Trust968,8000 00For
2023 ETF Series Trust434,2040 00For
Prudential/PGIM50,4000 00For
Federated Hermes38,5640 00For
Global X25,5340 00For
Goldman Sachs14,4500 00For

31. IF ONE OF THE CANDIDATES THAT ARE PART OF THE CONTROLLER SLATE FAILS TO INTEGRATE IT TO ACCOMMODATE THE SEPARATE…

84% of fund votes cast · no official result

FORAGAINST
Details: description as filed, votes by 18 asset managers

Description as filed by funds: IF ONE OF THE CANDIDATES THAT ARE PART OF THE CONTROLLER SLATE FAILS TO INTEGRATE IT TO ACCOMMODATE THE SEPARATE ELECTION, YOUR VOTES MAY STILL BE GIVEN TO THE CHOSEN CONTROLLER SLATE?

The 18 asset managers below reported 57,390,201 for, 10,859,651 against, 1,470 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 57,390,201AGAINST: 10,859,651ABSTAIN: 1,470
Largest asset managers voting on “IF ONE OF THE CANDIDATES THAT ARE PART OF THE CONTROLLER SLATE FAILS TO INTEGRATE IT TO ACCOMMODATE THE SEPARA” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC54,982,8230 00For
Jackson National07,004,767 00Against
Bridge Builder Trust01,723,663 00Against
Investment Managers Series Trust1,450,6560 00For
Morningstar Funds Trust890,0160 00For
Natixis0812,030 00Against
Pacer Funds Trust0593,889 00Against
Loomis Sayles0447,628 00Against
Brighthouse0198,072 00Against
TRUST FOR PROFESSIONAL MANAGERS043,866 00Against
Northern Lights Fund Trust IV35,6500 00For
John Hancock031,434 00Against
ADVISORS SERIES TRUST13,5430 00For
Evernest Financial Advisors, LLC8,0510 00For
Advisor Managed Portfolios7,2000 00For
Decatur Capital Management, Inc.04,302 00Against
Series Portfolios Trust2,2620 00For
King Wealth Management Group00 1,4700Abstain

32. Approve Remuneration of Company's Management

99.7% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 48 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 44 asset managers voting on “Approve Remuneration of Company's Management” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS230,831,1210 00For
BlackRock175,216,2700 00For
Invesco151,188,9500 00For
Vanguard142,769,3410 00For
MFS40,147,9270 00For
FINANCIAL INVESTORS TRUST25,199,0000 00For
Fidelity21,026,7640 00For
WisdomTree10,371,5610 00For
Dimensional7,969,1850 00For
State Street7,397,8920 00For
Perpetual Americas Funds Trust7,395,0500 00For
TIAA6,407,5360 00For
Columbia Threadneedle5,805,4120 00For
American Century5,278,2630 00For
T. Rowe Price4,763,2200 00For
Victory Capital4,307,8000 00For
Pacific Life3,586,7210 00For
Waddell & Reed3,131,4970 00For
Lincoln Financial456,8102,012,820 00Mixed
Franklin Templeton2,108,8000 00For
Northern Trust1,758,2340 00For
FIRST EAGLE VARIABLE FUNDS1,433,0340 00For
MASTER INVESTMENT PORTFOLIO960,6550 00For
Equitable903,6910 00For
Prudential/PGIM854,9900 00For

Fund voting reports, all 44 managers: 866,455,864 for, 2,747,120 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 4 asset managers voting on “Approve Remuneration of Company's Management” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Westwood Global Investments, LLC84,989,5450 00For
APG Asset Management US Inc.16,644,1460 00For
RWC Asset Management LLP12,160,7210 00For
Oldfield Partners LLP4,901,9000 00For

Institutional-manager reports, all 4 managers: 118,696,312 for.

33. Approve Remuneration of Fiscal Council Members

No official resultsFund totals may overlapCOMPENSATIONCORPORATE GOVERNANCE

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 47 asset managers

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 44 asset managers voting on “Approve Remuneration of Fiscal Council Members” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS230,831,1210 00For
BlackRock175,216,2700 00For
Invesco151,188,9500 00For
Vanguard142,769,3410 00For
MFS40,147,9270 00For
FINANCIAL INVESTORS TRUST25,199,0000 00For
Fidelity21,026,7640 00For
WisdomTree10,371,5610 00For
Dimensional7,969,1850 00For
State Street7,397,8920 00For
Perpetual Americas Funds Trust7,395,0500 00For
TIAA6,407,5360 00For
Columbia Threadneedle5,805,4120 00For
American Century5,278,2630 00For
T. Rowe Price4,763,2200 00For
Victory Capital4,307,8000 00For
Pacific Life3,586,7210 00For
Waddell & Reed3,131,4970 00For
Lincoln Financial2,469,6300 00For
Franklin Templeton2,108,8000 00For
Northern Trust1,758,2340 00For
FIRST EAGLE VARIABLE FUNDS1,433,0340 00For
MASTER INVESTMENT PORTFOLIO960,6550 00For
Equitable903,6910 00For
Prudential/PGIM854,9900 00For

Fund voting reports, all 44 managers: 869,202,984 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 3 asset managers voting on “Approve Remuneration of Fiscal Council Members” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Westwood Global Investments, LLC84,989,5450 00For
Oldfield Partners LLP4,901,9000 00For
RWC Asset Management LLP2,9500 00For

Institutional-manager reports, all 3 managers: 89,894,395 for.

34. Establish the compensation of the members of the fiscal council for the fiscal year of 2024, pursuant to the management…

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 21 asset managers

Description as filed by funds: ESTABLISH THE COMPENSATION OF THE MEMBERS OF THE FISCAL COUNCIL FOR THE FISCAL YEAR OF 2024, PURSUANT TO THE MANAGEMENT PROPOSAL.

The 21 asset managers below reported 68,286,268 for, 1,470 abstained. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 68,286,268ABSTAIN: 1,470
Largest asset managers voting on “ESTABLISH THE COMPENSATION OF THE MEMBERS OF THE FISCAL COUNCIL FOR THE FISCAL YEAR OF 2024, PURSUANT TO THE M” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC54,982,8230 00For
Jackson National7,004,7670 00For
Bridge Builder Trust1,723,6630 00For
Investment Managers Series Trust1,450,6560 00For
Morningstar Funds Trust890,0160 00For
Natixis812,0300 00For
Pacer Funds Trust593,8890 00For
Loomis Sayles447,6280 00For
Brighthouse198,0720 00For
TRUST FOR PROFESSIONAL MANAGERS43,8660 00For
Northern Lights Fund Trust IV35,6500 00For
Janney Montgomery Scott LLC31,7160 00For
John Hancock31,4340 00For
ADVISORS SERIES TRUST13,5430 00For
Evernest Financial Advisors, LLC8,0510 00For
Advisor Managed Portfolios7,2000 00For
Decatur Capital Management, Inc.4,3020 00For
Leisure Capital Management3,2000 00For
Series Portfolios Trust2,2620 00For
Newman Dignan & Sheerar, Inc.1,5000 00For
King Wealth Management Group00 1,4700Abstain

35. To set the global compensation of the managers for the fiscal year of 2024, including the expenses associated with the…

Combines 2 wordings of this item as funds reported it.

98% of fund votes cast · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: TO SET THE GLOBAL COMPENSATION OF THE MANAGERS FOR THE FISCAL YEAR OF 2024, INCLUDING THE EXPENSES ASSOCIATED WITH THE RECOGNITION OF THE FAIR PRICE X. OF THE STOCK OPTIONS THAT THE COMPANY INTEND TO GRANT IN THE EXERCISE, AND Y. THE COMPENSATION BASED ON SHARES THAT THE COMPANY INTEND TO GRANT IN THE EXERCISE, UNDER THE TERMS OF THE MANAGEMENT PROPOSAL

The 12 asset managers below reported 42,938,639 for, 824,959 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 42,938,639AGAINST: 824,959
Largest asset managers voting on “TO SET THE GLOBAL COMPENSATION OF THE MANAGERS FOR THE FISCAL YEAR OF 2024, INCLUDING THE EXPENSES ASSOCIATED ” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
ADVISORS SERIES TRUST21,666,0000 00For
Bridge Builder Trust15,859,6040 00For
Brown Advisory Funds2,429,5000 00For
John Hancock877,4300 00For
Jackson National821,1550 00For
JPMorgan820,5860 00For
DIAMOND HILL FUNDS0658,459 00Against
WILSHIRE MUTUAL FUNDS INC381,30066,700 00Mixed
Krane Shares Trust099,800 00Against
Advisors' Inner Circle Fund III40,2000 00For
Coronation Fund Managers Ltd.24,3000 00For
GPS Funds I18,5640 00For

36. Supervisory Council Fees

100% of fund votes cast · no official result

FOR
Details: votes by 11 asset managers

The 11 asset managers below reported 45,959,840 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 45,959,840
Largest asset managers voting on “Supervisory Council Fees” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab13,261,5450 00For
SEI11,722,1130 00For
Adviser Managed Trust9,464,4000 00For
BRANDES INVESTMENT TRUST5,098,6000 00For
Russell Investments4,881,2300 00For
VanEck ETF Trust968,8000 00For
2023 ETF Series Trust434,2040 00For
Prudential/PGIM50,4000 00For
Federated Hermes38,5640 00For
Global X25,5340 00For
Goldman Sachs14,4500 00For

37. Establish the overall management compensation for the fiscal year of 2024, pursuant to the management proposal.

Combines 3 wordings of this item as funds reported it.

87% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 24 asset managers

Description as filed by funds: ESTABLISH THE OVERALL MANAGEMENT COMPENSATION FOR THE FISCAL YEAR OF 2024, PURSUANT TO THE MANAGEMENT PROPOSAL.

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 15 asset managers voting on “ESTABLISH THE OVERALL MANAGEMENT COMPENSATION FOR THE FISCAL YEAR OF 2024, PURSUANT TO THE MANAGEMENT PROPOSAL” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HARDING LOEVNER FUNDS INC54,982,8230 00For
Jackson National07,004,767 00Against
Bridge Builder Trust1,723,6630 00For
Investment Managers Series Trust1,450,6560 00For
Morningstar Funds Trust890,0160 00For
Natixis0812,030 00Against
Pacer Funds Trust0593,889 00Against
Loomis Sayles0447,628 00Against
Brighthouse198,0720 00For
TRUST FOR PROFESSIONAL MANAGERS043,866 00Against
Northern Lights Fund Trust IV35,6500 00For
John Hancock31,4340 00For
ADVISORS SERIES TRUST13,5430 00For
Advisor Managed Portfolios7,2000 00For
Series Portfolios Trust2,2620 00For

Fund voting reports, all 15 managers: 59,335,319 for, 8,902,180 against.

Institutional-manager reports: 9 asset managers voting on “ESTABLISH THE OVERALL MANAGEMENT COMPENSATION FOR THE FISCAL YEAR OF 2024, PURSUANT TO THE MANAGEMENT PROPOSAL” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
HOHIMER WEALTH MANAGEMENT, LLC921,9080 00For
UNITED CAPITAL FINANCIAL ADVISORS, LLC0304,718 00Against
Janney Montgomery Scott LLC031,716 00Against
Evernest Financial Advisors, LLC8,0510 00For
Decatur Capital Management, Inc.04,302 00Against
Leisure Capital Management3,2000 00For
Newman Dignan & Sheerar, Inc.1,5000 00For
King Wealth Management Group00 1,4700Abstain
Centric Wealth Management7500 00For

Institutional-manager reports, all 9 managers: 935,409 for, 340,736 against, 1,470 abstained.

38. Remuneration Policy

0.2% of fund votes cast · no official result

AGAINST
Details: votes by 11 asset managers

The 11 asset managers below reported 50,400 for, 45,909,440 against. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 50,400AGAINST: 45,909,440
Largest asset managers voting on “Remuneration Policy” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Charles Schwab013,261,545 00Against
SEI011,722,113 00Against
Adviser Managed Trust09,464,400 00Against
BRANDES INVESTMENT TRUST05,098,600 00Against
Russell Investments04,881,230 00Against
VanEck ETF Trust0968,800 00Against
2023 ETF Series Trust0434,204 00Against
Prudential/PGIM50,4000 00For
Federated Hermes038,564 00Against
Global X025,534 00Against
Goldman Sachs014,450 00Against

39. To set the global compensation of the members of the fiscal council for the fiscal year of 2024, with the compensation…

No official resultsAUDIT-RELATED

Combines 2 wordings of this item as funds reported it.

100% of fund votes cast · no official result

FOR
Details: description as filed, votes by 12 asset managers

Description as filed by funds: TO SET THE GLOBAL COMPENSATION OF THE MEMBERS OF THE FISCAL COUNCIL FOR THE FISCAL YEAR OF 2024, WITH THE COMPENSATION OF THE SUBSTITUTES BEING HALF OF THE AMOUNT PAID TO EFFECTIVE MEMBERS, UNDER THE TERMS OF THE MANAGEMENT PROPOSAL

The 12 asset managers below reported 43,763,598 for. The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

FOR: 43,763,598
Largest asset managers voting on “TO SET THE GLOBAL COMPENSATION OF THE MEMBERS OF THE FISCAL COUNCIL FOR THE FISCAL YEAR OF 2024, WITH THE COMP” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
ADVISORS SERIES TRUST21,666,0000 00For
Bridge Builder Trust15,859,6040 00For
Brown Advisory Funds2,429,5000 00For
John Hancock877,4300 00For
Jackson National821,1550 00For
JPMorgan820,5860 00For
DIAMOND HILL FUNDS658,4590 00For
WILSHIRE MUTUAL FUNDS INC448,0000 00For
Krane Shares Trust99,8000 00For
Advisors' Inner Circle Fund III40,2000 00For
Coronation Fund Managers Ltd.24,3000 00For
GPS Funds I18,5640 00For

40. Elect Fabio de Oliveira Moser as Fiscal Council Member and Joao Vagnes de Moura Silva as Alternate Appointed by…

No official resultsFund totals may overlapAUDIT-RELATEDCORPORATE GOVERNANCE

100% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 46 asset managers

Description as filed by funds: Elect Fabio de Oliveira Moser as Fiscal Council Member and Joao Vagnes de Moura Silva as Alternate Appointed by Minority Shareholder

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice). The figure above is FOR ÷ (FOR + AGAINST + WITHHELD) of the shares these managers voted; abstained and unvoted shares are in neither half, and these managers are a subset of all shareholders, not the meeting result.

Fund voting reports: 44 asset managers voting on “Elect Fabio de Oliveira Moser as Fiscal Council Member and Joao Vagnes de Moura Silva as Alternate Appointed b” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS230,831,1210 00For
BlackRock175,216,2700 00For
Invesco151,188,9500 00For
Vanguard142,769,3410 00For
MFS40,147,9270 00For
FINANCIAL INVESTORS TRUST25,199,0000 00For
Fidelity21,016,6130 10,1510For
WisdomTree10,371,5610 00For
Dimensional7,969,1850 00For
State Street7,397,8920 00For
Perpetual Americas Funds Trust7,395,0500 00For
TIAA6,407,5360 00For
Columbia Threadneedle5,805,4120 00For
American Century5,278,2630 00For
T. Rowe Price4,763,2200 00For
Victory Capital4,307,8000 00For
Pacific Life3,586,7210 00For
Waddell & Reed3,131,4970 00For
Lincoln Financial2,469,6300 00For
Franklin Templeton2,108,8000 00For
Northern Trust1,758,2340 00For
FIRST EAGLE VARIABLE FUNDS1,433,0340 00For
MASTER INVESTMENT PORTFOLIO960,6550 00For
Equitable903,6910 00For
Prudential/PGIM854,9900 00For

Fund voting reports, all 44 managers: 869,192,833 for, 10,151 abstained. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Elect Fabio de Oliveira Moser as Fiscal Council Member and Joao Vagnes de Moura Silva as Alternate Appointed b” at AMBEV SA, 2023-2024
Asset managerForAgainst AbstainWithheldVote
Westwood Global Investments, LLC84,989,5450 00For
RWC Asset Management LLP9,781,8900 00For

Institutional-manager reports, all 2 managers: 94,771,435 for.

Showing the 40 reported items with the widest manager coverage, of 47 in total. Every item is in the interactive database (link above).

Largest AMBEV SA shareholders voting in 2023-2024

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 15,753,833,284 shares outstanding at the time of that meeting.

Fund voting reports: top AMBEV SA shareholders by shares voted on “Approve Remuneration of Company's Management”, 2023-2024
#Asset manager % of shares outstanding
1FIRST EAGLE FUNDS 1.47%
2BlackRock 1.11%
3Invesco 0.96%
4Vanguard 0.91%
5MFS 0.25%
6FINANCIAL INVESTORS TRUST 0.16%
7Fidelity 0.13%
8WisdomTree 0.07%
9Dimensional 0.05%
10State Street 0.05%
Institutional-manager reports: top AMBEV SA shareholders by shares voted on “ESTABLISH THE OVERALL MANAGEMENT COMPENSATION FOR THE FISCAL YEAR OF 2024, PURSUANT TO THE…”, 2023-2024
#Asset manager % of shares outstanding
1HOHIMER WEALTH MANAGEMENT, LLC <0.01%
2UNITED CAPITAL FINANCIAL ADVISORS, LLC <0.01%
3Janney Montgomery Scott LLC <0.01%
4Evernest Financial Advisors, LLC <0.01%
5Decatur Capital Management, Inc. <0.01%
6Leisure Capital Management <0.01%
7Newman Dignan & Sheerar, Inc. <0.01%
8King Wealth Management Group <0.01%
9Centric Wealth Management <0.01%

Percentages above are of 15,753,833,284 shares outstanding, as reported by AMBEV SA on its Form 20-F dated December 31, 2023 (see the filing on EDGAR). This is the count contemporaneous with the 2023-2024 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

Related

About this page

Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from AMBEV SA’s 20-F dated December 31, 2023. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

AMBEV SA proxy season coverage: 2023-2024 (this page) · 2024-2025 · 2025-2026.

Cite this page

proxyvotesnow.com, “AMBEV (ABEV) 2024 Annual Meeting: Vote Results & How Funds Voted”, https://proxyvotesnow.com/company/ambev-sa/2024 (version of November 8, 2026). Derived from SEC Form N-PX and Form 8-K filings; tables licensed CC BY 4.0. Licence: CC BY 4.0.