The Mexico Fund, Inc. Files 8-K with the SEC Regarding Monthly Summary Report

The Mexico Fund, Inc. recently submitted a Form 8-K to the Securities and Exchange Commission (SEC) on October 31, 2024. This filing includes the Monthly Summary Report of the Fund’s Investment Adviser as specified in Regulation FD Rules 100-103.

The Mexico Fund, Inc. (MXF) is a non-diversified closed-end management investment company with the primary objective of achieving long-term capital appreciation through investments in securities, particularly equities listed on the Mexican Stock Exchanges. The MXF shares are traded on the New York Stock Exchange (NYSE) under the symbol “MXF.”

The Board of Directors of the Fund has authorized quarterly distributions of $0.22 per share under the Managed Distribution Plan (MDP). The Fund issues notices to stockholders and press releases with each distribution, providing detailed information on the distribution amount, composition, and other relevant information outlined in the Fund’s MDP exemptive order.

The latest report indicates MXF’s Total Net Assets at $260.18 million, with an NAV per share of $17.61. The expense ratio as of April 30, 2024, stands at 1.34%, with a 20.44% discount. MXF reported a daily average of 72,144 shares traded during October.

Among the top ten holdings contributing to 67.04% of Net Assets are Grupo Financiero Banorte, Fomento Económico Mexicano, Grupo México, Wal-Mart de México, and others. This information is disclosed for informational purposes and should not constitute investment recommendations.

The report also includes performance figures for MXF against the MSCI Mexico Index and market prices over different time periods, showing past performance that does not guarantee future results. Various indices reflected negative returns due to global and domestic political concerns affecting the Mexican equity market in October 2024.

Mexico’s preliminary GDP for the third quarter of 2024 registered growth for twelve consecutive quarters. Mexican-listed companies reported strong financial results, with the International Monetary Fund renewing Mexico’s Flexible Credit Line at $35 billion. The Fund and its Adviser have not independently verified or confirmed the information presented in the report.

The report also highlights the risks associated with closed-end funds, foreign investments, market fluctuations, political factors, and more. Potential investors are advised to carefully review the Fund’s investment objective, risks, charges, and expenses before considering an investment in MXF.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read The Mexico Fund’s 8K filing here.

The Mexico Fund Company Profile

The Mexico Fund, Inc is a closed-ended equity mutual fund launched and managed by Impulsora del Fondo México, S.C. It primarily invests in public equity markets of Mexico. The fund seeks to invest its portfolio across diversified sectors. The Mexico Fund, Inc was formed in June 01, 1981 and is domiciled in Maryland, United States.