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Home › Companies › Wal-Mart de Mexico SAB de CV › 2025-2026

Wal-Mart de Mexico SAB de CV 2025-2026 Proxy Voting Records

At Wal-Mart de Mexico SAB de CV's 2 shareholder meetings in the 2025-2026 proxy season (held July 8, 2025 and April 20, 2026), 92 asset managers reported how they voted in their SEC Form N-PX filings, covering 9,062 separate fund positions. Their filings are grouped here into 49 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 — ACCEPT RESIGNATION OF ERNESTO CERVERA AS DIRECTOR AND AS CHAIR OF AUDIT AND CORPORATE PRACTICES… — the reporting funds and managers cast 100% 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.

  • 49Reported items
  • 92Asset managers
  • 9,062Fund votes
  • April 20, 2026Main meeting date

Results at a glance

No official results are on file for this meeting: no Form 8-K tally (Item 5.07) from Wal-Mart de Mexico SAB de CV 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 Wal-Mart de Mexico SAB de CV in the interactive database Compare manager voting policies

How asset managers voted at the Wal-Mart de Mexico SAB de CV 2025-2026 meetings

Each item below shows how the 92 asset managers that disclosed a Wal-Mart de Mexico SAB de CV 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 Wal-Mart de Mexico SAB de CV’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 GILLIAN LOUISE LARKINS AS DIRECTOR

Meeting held July 8, 2025; no official results are on file for this meeting.

99% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 85 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: 81 asset managers voting on “ELECT GILLIAN LOUISE LARKINS AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,319,3660 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 81 managers: 1,081,801,988 for, 11,963,374 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “ELECT GILLIAN LOUISE LARKINS AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

2. ELECT JORGE ANDRES MORA CAPDEVILA AS CHAIR OF AUDIT AND CORPORATE PRACTICES COMMITTEES

Meeting held July 8, 2025; no official results are on file for this meeting.

99.2% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 85 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: 81 asset managers voting on “ELECT JORGE ANDRES MORA CAPDEVILA AS CHAIR OF AUDIT AND CORPORATE PRACTICES COMMITTEES” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,319,3660 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 81 managers: 1,085,656,300 for, 8,109,062 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “ELECT JORGE ANDRES MORA CAPDEVILA AS CHAIR OF AUDIT AND CORPORATE PRACTICES COMMITTEES” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

3. ELECT JORGE ANDRES MORA CAPDEVILA AS DIRECTOR

Meeting held July 8, 2025; no official results are on file for this meeting.

99.2% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 85 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: 81 asset managers voting on “ELECT JORGE ANDRES MORA CAPDEVILA AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,319,3660 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 81 managers: 1,085,656,300 for, 8,109,062 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “ELECT JORGE ANDRES MORA CAPDEVILA AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

4. Ratify eric perez grovas as director

Meeting held July 8, 2025; no official results are on file for this meeting.

99.2% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 85 asset managers

Description as filed by funds: RATIFY ERIC PEREZ GROVAS AS DIRECTOR

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: 81 asset managers voting on “RATIFY ERIC PEREZ GROVAS AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,319,3660 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 81 managers: 1,085,656,300 for, 8,109,062 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY ERIC PEREZ GROVAS AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

5. Ratify guilherme loureiro as director

Meeting held July 8, 2025; no official results are on file for this meeting.

99% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 85 asset managers

Description as filed by funds: RATIFY GUILHERME LOUREIRO AS DIRECTOR

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: 81 asset managers voting on “RATIFY GUILHERME LOUREIRO AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,319,3660 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 81 managers: 1,081,523,956 for, 12,241,406 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY GUILHERME LOUREIRO AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

6. Ratify ignacio caride as director

Meeting held July 8, 2025; no official results are on file for this meeting.

99.0% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 85 asset managers

Description as filed by funds: RATIFY IGNACIO CARIDE AS DIRECTOR

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: 81 asset managers voting on “RATIFY IGNACIO CARIDE AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,319,3660 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 81 managers: 1,083,322,688 for, 10,442,674 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY IGNACIO CARIDE AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

7. Ratify karthik raghupathy as director

Meeting held July 8, 2025; no official results are on file for this meeting.

99% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 85 asset managers

Description as filed by funds: RATIFY KARTHIK RAGHUPATHY AS DIRECTOR

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: 81 asset managers voting on “RATIFY KARTHIK RAGHUPATHY AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,319,3660 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 81 managers: 1,081,801,988 for, 11,963,374 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY KARTHIK RAGHUPATHY AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

8. Ratify elizabeth KWO as director

Meeting held July 8, 2025; no official results are on file for this meeting.

99.2% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 83 asset managers

Description as filed by funds: RATIFY ELIZABETH KWO AS DIRECTOR

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: 79 asset managers voting on “RATIFY ELIZABETH KWO AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,132,7780 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 79 managers: 1,084,403,545 for, 8,109,062 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY ELIZABETH KWO AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

9. Ratify maria teresa arnal as director

Meeting held July 8, 2025; no official results are on file for this meeting.

99.2% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 83 asset managers

Description as filed by funds: RATIFY MARIA TERESA ARNAL AS DIRECTOR

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: 79 asset managers voting on “RATIFY MARIA TERESA ARNAL AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,132,7780 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 79 managers: 1,084,403,545 for, 8,109,062 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY MARIA TERESA ARNAL AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

10. Ratify rachel brand as director

Meeting held July 8, 2025; no official results are on file for this meeting.

99% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 83 asset managers

Description as filed by funds: RATIFY RACHEL BRAND AS DIRECTOR

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: 79 asset managers voting on “RATIFY RACHEL BRAND AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,132,7780 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 79 managers: 1,080,549,233 for, 11,963,374 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY RACHEL BRAND AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

11. Ratify venessa yates as director

Meeting held July 8, 2025; no official results are on file for this meeting.

99% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 83 asset managers

Description as filed by funds: RATIFY VENESSA YATES AS DIRECTOR

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: 79 asset managers voting on “RATIFY VENESSA YATES AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,132,7780 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 79 managers: 1,080,549,233 for, 11,963,374 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY VENESSA YATES AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

12. Ratify viridiana rios as director

Meeting held July 8, 2025; no official results are on file for this meeting.

99.2% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 83 asset managers

Description as filed by funds: RATIFY VIRIDIANA RIOS AS DIRECTOR

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: 79 asset managers voting on “RATIFY VIRIDIANA RIOS AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,132,7780 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert06,859,396 00Against
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 79 managers: 1,084,403,545 for, 8,109,062 against. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY VIRIDIANA RIOS AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

13. Ratify cristian barrientos as director

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

99.6% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: RATIFY CRISTIAN BARRIENTOS AS DIRECTOR

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: 70 asset managers voting on “RATIFY CRISTIAN BARRIENTOS AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert03,405,641 00Against
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,033,032,075 for, 3,405,641 against, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY CRISTIAN BARRIENTOS AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

14. Ratify kyle kinnard as director

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

99.6% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: RATIFY KYLE KINNARD AS DIRECTOR

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: 70 asset managers voting on “RATIFY KYLE KINNARD AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert03,405,641 00Against
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,032,264,435 for, 4,173,281 against, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY KYLE KINNARD AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

15. Ratify elizabeth KWO as director

Meeting held April 20, 2026; no official results are on file for this meeting.

99.6% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: RATIFY ELIZABETH KWO AS DIRECTOR

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: 70 asset managers voting on “RATIFY ELIZABETH KWO AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert03,405,641 00Against
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,033,032,075 for, 3,405,641 against, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY ELIZABETH KWO AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

16. Ratify Eric Perez-Grovas as Director

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

99.6% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: votes by 72 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: 70 asset managers voting on “Ratify Eric Perez-Grovas as Director” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert03,405,641 00Against
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,033,032,075 for, 3,405,641 against, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Ratify Eric Perez-Grovas as Director” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

17. Approve directors and officers liability

Meeting held April 20, 2026; no official results are on file for this meeting.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: APPROVE DIRECTORS AND OFFICERS LIABILITY

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: 70 asset managers voting on “APPROVE DIRECTORS AND OFFICERS LIABILITY” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE DIRECTORS AND OFFICERS LIABILITY” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

18. Approve report and resolutions on share repurchase reserve

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: APPROVE REPORT AND RESOLUTIONS ON SHARE REPURCHASE RESERVE

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: 70 asset managers voting on “APPROVE REPORT AND RESOLUTIONS ON SHARE REPURCHASE RESERVE” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE REPORT AND RESOLUTIONS ON SHARE REPURCHASE RESERVE” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

19. Set maximum amount of share repurchase reserve at MXN 10 billion

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: SET MAXIMUM AMOUNT OF SHARE REPURCHASE RESERVE AT MXN 10 BILLION

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: 70 asset managers voting on “SET MAXIMUM AMOUNT OF SHARE REPURCHASE RESERVE AT MXN 10 BILLION” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “SET MAXIMUM AMOUNT OF SHARE REPURCHASE RESERVE AT MXN 10 BILLION” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

20. Approve allocation of income

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

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

FORABSTAIN
Details: description as filed, votes by 72 asset managers

Description as filed by funds: APPROVE ALLOCATION OF INCOME

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: 70 asset managers voting on “APPROVE ALLOCATION OF INCOME” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock9,876,6000 170,099,0150Mixed
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 865,201,812 for, 171,235,904 abstained, 1,200 not voted. 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” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

21. Approve Board of Directors' Report

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

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

FOR
Details: votes by 72 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: 70 asset managers voting on “Approve Board of Directors' Report” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Approve Board of Directors' Report” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

22. Approve consolidated financial statements

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: APPROVE CONSOLIDATED FINANCIAL STATEMENTS

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: 70 asset managers voting on “APPROVE CONSOLIDATED FINANCIAL STATEMENTS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock170,099,0150 9,876,6000Mixed
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,024,853,979 for, 11,583,737 abstained, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE CONSOLIDATED FINANCIAL STATEMENTS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

23. Approve Extraordinary Dividend in an Amount to be Approved by Board of Directors Based on Remaining Balance from Funds…

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: Approve Extraordinary Dividend in an Amount to be Approved by Board of Directors Based on Remaining Balance from Funds Allocated for Repurchase of Company's Own Shares that have not Been Used by Nov. 30, 2026

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: 70 asset managers voting on “Approve Extraordinary Dividend in an Amount to be Approved by Board of Directors Based on Remaining Balance fr” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Approve Extraordinary Dividend in an Amount to be Approved by Board of Directors Based on Remaining Balance fr” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

24. Approve ordinary dividend of MXN 1.16 per share

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: APPROVE ORDINARY DIVIDEND OF MXN 1.16 PER SHARE

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: 70 asset managers voting on “APPROVE ORDINARY DIVIDEND OF MXN 1.16 PER SHARE” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE ORDINARY DIVIDEND OF MXN 1.16 PER SHARE” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

25. Approve discharge of board of directors and officers

Meeting held April 20, 2026; no official results are on file for this meeting.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: APPROVE DISCHARGE OF BOARD OF DIRECTORS AND OFFICERS

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: 70 asset managers voting on “APPROVE DISCHARGE OF BOARD OF DIRECTORS AND OFFICERS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE DISCHARGE OF BOARD OF DIRECTORS AND OFFICERS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

26. Authorize board to ratify and execute approved resolutions

Meeting held July 8, 2025; no official results are on file for this meeting.

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

FOR
Details: description as filed, votes by 83 asset managers

Description as filed by funds: AUTHORIZE BOARD TO RATIFY AND EXECUTE APPROVED RESOLUTIONS

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: 79 asset managers voting on “AUTHORIZE BOARD TO RATIFY AND EXECUTE APPROVED RESOLUTIONS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,132,7780 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert6,859,3960 00For
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 79 managers: 1,092,512,607 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “AUTHORIZE BOARD TO RATIFY AND EXECUTE APPROVED RESOLUTIONS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

27. Approve CEO's Report and Board Opinion on CEO's Report

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

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

FOR
Details: votes by 72 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: 70 asset managers voting on “Approve CEO's Report and Board Opinion on CEO's Report” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Approve CEO's Report and Board Opinion on CEO's Report” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

28. Authorize board to ratify and execute approved resolutions

Meeting held April 20, 2026; no official results are on file for this meeting.

99.8% Fund and manager reports combined; may count the same shares twice · no official result

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: AUTHORIZE BOARD TO RATIFY AND EXECUTE APPROVED RESOLUTIONS

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: 70 asset managers voting on “AUTHORIZE BOARD TO RATIFY AND EXECUTE APPROVED RESOLUTIONS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco01,659,826 00Against

Fund voting reports, all 70 managers: 1,034,777,890 for, 1,659,826 against, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “AUTHORIZE BOARD TO RATIFY AND EXECUTE APPROVED RESOLUTIONS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

29. Approve report on compliance with fiscal obligations

Meeting held July 8, 2025; no official results are on file for this meeting.

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

FOR
Details: description as filed, votes by 85 asset managers

Description as filed by funds: APPROVE REPORT ON COMPLIANCE WITH FISCAL OBLIGATIONS

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: 81 asset managers voting on “APPROVE REPORT ON COMPLIANCE WITH FISCAL OBLIGATIONS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,319,3660 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert6,859,3960 00For
Grandeur Peak Global Trust6,311,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 81 managers: 1,093,765,362 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE REPORT ON COMPLIANCE WITH FISCAL OBLIGATIONS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

30. Approve report of audit and corporate practices committees

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: APPROVE REPORT OF AUDIT AND CORPORATE PRACTICES COMMITTEES

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: 70 asset managers voting on “APPROVE REPORT OF AUDIT AND CORPORATE PRACTICES COMMITTEES” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE REPORT OF AUDIT AND CORPORATE PRACTICES COMMITTEES” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

31. Approve Report Re: Employee Stock Purchase Plan

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 3 wordings of this item as funds reported it.

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

FOR
Details: votes by 72 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: 70 asset managers voting on “Approve Report Re: Employee Stock Purchase Plan” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “Approve Report Re: Employee Stock Purchase Plan” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

32. Approve remuneration of board chair

Meeting held April 20, 2026; no official results are on file for this meeting.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: APPROVE REMUNERATION OF BOARD CHAIR

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: 70 asset managers voting on “APPROVE REMUNERATION OF BOARD CHAIR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE REMUNERATION OF BOARD CHAIR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

33. Approve remuneration of chair of audit and corporate practices committees

Meeting held April 20, 2026; no official results are on file for this meeting.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: APPROVE REMUNERATION OF CHAIR OF AUDIT AND CORPORATE PRACTICES COMMITTEES

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: 70 asset managers voting on “APPROVE REMUNERATION OF CHAIR OF AUDIT AND CORPORATE PRACTICES COMMITTEES” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE REMUNERATION OF CHAIR OF AUDIT AND CORPORATE PRACTICES COMMITTEES” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

34. Approve remuneration of directors

Meeting held April 20, 2026; no official results are on file for this meeting.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: APPROVE REMUNERATION OF DIRECTORS

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: 70 asset managers voting on “APPROVE REMUNERATION OF DIRECTORS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE REMUNERATION OF DIRECTORS” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

35. Approve remuneration of members of audit and corporate practices committees

Meeting held April 20, 2026; no official results are on file for this meeting.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: APPROVE REMUNERATION OF MEMBERS OF AUDIT AND CORPORATE PRACTICES COMMITTEES

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: 70 asset managers voting on “APPROVE REMUNERATION OF MEMBERS OF AUDIT AND CORPORATE PRACTICES COMMITTEES” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “APPROVE REMUNERATION OF MEMBERS OF AUDIT AND CORPORATE PRACTICES COMMITTEES” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

36. Accept resignation of ernesto cervera as director and as chair of audit and corporate practices committees

Meeting held July 8, 2025; no official results are on file for this meeting.

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

FOR
Details: description as filed, votes by 85 asset managers

Description as filed by funds: ACCEPT RESIGNATION OF ERNESTO CERVERA AS DIRECTOR AND AS CHAIR OF AUDIT AND CORPORATE PRACTICES COMMITTEES

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: 81 asset managers voting on “ACCEPT RESIGNATION OF ERNESTO CERVERA AS DIRECTOR AND AS CHAIR OF AUDIT AND CORPORATE PRACTICES COMMITTEES” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
Fidelity261,911,2360 00For
Vanguard191,812,6650 00For
Dodge & Cox169,572,1570 00For
BlackRock146,938,6830 00For
Advisors' Inner Circle Fund III38,175,6000 00For
T. Rowe Price30,034,2800 00For
MFS25,632,2460 00For
FINANCIAL INVESTORS TRUST22,142,0000 00For
John Hancock21,319,3660 00For
Invesco19,618,4360 00For
RBC FUNDS TRUST13,257,0000 00For
BAILLIE GIFFORD FUNDS13,061,8440 00For
Bridge Builder Trust11,555,3950 00For
Virtus10,077,6350 00For
TIAA8,708,7420 00For
TOUCHSTONE STRATEGIC TRUST8,093,3000 00For
JPMorgan8,070,6160 00For
Delaware/Macquarie7,000,0000 00For
Calvert6,859,3960 00For
Grandeur Peak Global Trust6,070,8760 00For
Northwestern Mutual5,724,5000 00For
Allspring5,391,5910 00For
Perpetual Americas Funds Trust5,160,7460 00For
Goldman Sachs5,059,2350 00For
HARDING LOEVNER FUNDS INC4,567,4250 00For

Fund voting reports, all 81 managers: 1,093,524,362 for. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “ACCEPT RESIGNATION OF ERNESTO CERVERA AS DIRECTOR AND AS CHAIR OF AUDIT AND CORPORATE PRACTICES COMMITTEES” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC14,216,3000 00For
RWC Asset Management LLP1,844,5000 00For

Institutional-manager reports, all 2 managers: 16,060,800 for.

37. Ratify resignation of ernesto cervera gomez as director

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: RATIFY RESIGNATION OF ERNESTO CERVERA GOMEZ AS DIRECTOR

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: 70 asset managers voting on “RATIFY RESIGNATION OF ERNESTO CERVERA GOMEZ AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,014,216 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY RESIGNATION OF ERNESTO CERVERA GOMEZ AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

38. Ratify resignation of guilherme loureiro as director

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: RATIFY RESIGNATION OF GUILHERME LOUREIRO AS DIRECTOR

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: 70 asset managers voting on “RATIFY RESIGNATION OF GUILHERME LOUREIRO AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY RESIGNATION OF GUILHERME LOUREIRO AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

39. Ratify resignation of ignacio caride as director

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: RATIFY RESIGNATION OF IGNACIO CARIDE AS DIRECTOR

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: 70 asset managers voting on “RATIFY RESIGNATION OF IGNACIO CARIDE AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY RESIGNATION OF IGNACIO CARIDE AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

40. Ratify resignation of karthik raghupathy as director

Meeting held April 20, 2026; no official results are on file for this meeting.

Combines 2 wordings of this item as funds reported it.

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

FOR
Details: description as filed, votes by 72 asset managers

Description as filed by funds: RATIFY RESIGNATION OF KARTHIK RAGHUPATHY AS DIRECTOR

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: 70 asset managers voting on “RATIFY RESIGNATION OF KARTHIK RAGHUPATHY AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
FIRST EAGLE FUNDS262,456,2940 00For
BlackRock179,975,6150 00For
Vanguard168,913,0220 00For
Dodge & Cox111,745,8570 00For
Fidelity103,064,8520 00For
MFS40,700,5150 00For
TIAA25,542,0980 00For
Capital Group16,956,9230 00For
FINANCIAL INVESTORS TRUST16,372,0000 00For
RBC FUNDS TRUST13,709,2000 00For
BAILLIE GIFFORD FUNDS10,946,3340 00For
RBB Fund Trust10,944,2610 00For
Perpetual Americas Funds Trust7,175,7460 00For
JPMorgan6,573,5510 00For
Aristotle Funds Series Trust4,883,9000 00For
Dimensional4,688,2830 00For
Delaware/Macquarie4,000,0000 00For
Allspring3,969,4000 00For
Calvert3,405,6410 00For
Northwestern Mutual3,179,3000 00For
T. Rowe Price2,635,7650 00For
Voya2,534,6670 00For
Franklin Templeton2,447,9970 00For
Northern Trust1,859,3660 00For
Invesco1,659,8260 00For

Fund voting reports, all 70 managers: 1,036,437,716 for, 1,200 not voted. Showing the 25 largest; every one is in the interactive database (link above).

Institutional-manager reports: 2 asset managers voting on “RATIFY RESIGNATION OF KARTHIK RAGHUPATHY AS DIRECTOR” at Wal-Mart de Mexico SAB de CV, 2025-2026
Asset managerForAgainst AbstainWithheldVote
RWC ASSET ADVISORS (US) LLC16,752,4000 00For
RWC Asset Management LLP494,6800 00For

Institutional-manager reports, all 2 managers: 17,247,080 for.

Showing the 40 reported items with the widest manager coverage, of 49 in total. Every item is in the interactive database (link above).

Largest Wal-Mart de Mexico SAB de CV shareholders voting in 2025-2026

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.

Fund voting reports: top Wal-Mart de Mexico SAB de CV shareholders by shares voted on “ACCEPT RESIGNATION OF ERNESTO CERVERA AS DIRECTOR AND AS CHAIR OF AUDIT AND CORPORATE PRACTICES…”, 2025-2026
#Asset manager Shares voted
1Fidelity 261,911,236
2Vanguard 191,812,665
3Dodge & Cox 169,572,157
4BlackRock 146,938,683
5Advisors' Inner Circle Fund III 38,175,600
6T. Rowe Price 30,034,280
7MFS 25,632,246
8FINANCIAL INVESTORS TRUST 22,142,000
9John Hancock 21,319,366
10Invesco 19,618,436
Institutional-manager reports: top Wal-Mart de Mexico SAB de CV shareholders by shares voted on “ACCEPT RESIGNATION OF ERNESTO CERVERA AS DIRECTOR AND AS CHAIR OF AUDIT AND CORPORATE PRACTICES…”, 2025-2026
#Asset manager Shares voted
1RWC ASSET ADVISORS (US) LLC 14,216,300
2RWC Asset Management LLP 1,844,500

Shown as share counts, not percentages: no shares-outstanding figure has been matched to Wal-Mart de Mexico SAB de CV for the 2025-2026 season, so there is no denominator to divide by.

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. This page is a static snapshot rebuilt weekly on November 8, 2026; a live search always shows the current data.

Wal-Mart de Mexico SAB de CV proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).

Cite this page

proxyvotesnow.com, “Wal-Mart de Mexico SAB de CV 2025-2026 Annual Meetings: Vote Results”, https://proxyvotesnow.com/company/wal-mart-de-mexico-sab-de-cv/2026 (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.