THE MEXICO FUND, INC. ISSUES ITS 2025 ANNUAL REPORT

The Mexico Fund (NYSE: MXF) issued its fiscal 2025 Annual Report for the period ended October 31, 2025.

Rhea-AI Summary

The Mexico Fund (NYSE: MXF) issued its fiscal 2025 Annual Report for the period ended October 31, 2025. For fiscal 2025 the Fund's market price total return was 46.48% and NAV total return was 31.17%, versus the MSCI Mexico Index return of 38.34%. As of October 31, 2025 the Fund's market price was $19.39, NAV was $22.02, and the discount narrowed to 11.94% from 20.44% at fiscal 2024 year-end.

At its December 2025 meeting the Board increased the Fund's quarterly MDP distribution from $0.25 to $0.35 (a 40.0% increase), with a distribution payable Jan 29, 2026 to holders of record Jan 21, 2026. The Fund renewed an expense limitation for fiscal 2026 capping ordinary expenses at 1.40%; fiscal 2025 ordinary expenses were 1.38%.

Positive

• Quarterly distribution increased 40.0% to $0.35 per share
• Market price total return of 46.48% for fiscal 2025
• NAV total return of 31.17% for fiscal 2025
• Ordinary expense ratio 1.38%, below 1.40% cap

Negative

• Fund NAV (31.17% 1-year) trailed MSCI Mexico Index (38.34% 1-year)
• Market price still trades at an 11.94% discount to NAV as of Oct 31, 2025

Argus Dec 30 session

-0.78% close to close Open Argus

Details

News Market Reaction – MXF

On Dec 30, the first trading day after this news, MXF closed 0.78% below the previous close.

Data tracked by StockTitan Argus for the Dec 30 session.

Key Figures

FY2025 NAV return: 31.17% FY2025 price return: 46.48% MSCI Mexico FY2025: 38.34% +5 more

FY2025 NAV return

31.17%

Fiscal year 2025 total return on NAV per share

FY2025 price return

46.48%

Fiscal year 2025 total return on market price

MSCI Mexico FY2025

38.34%

Fiscal year 2025 return of MSCI Mexico Index benchmark

Price / NAV

$19.39 / $22.02

Market price and NAV per share as of Oct 31, 2025

Discount to NAV

11.94%

Share price discount as of Oct 31, 2025

Prior-year discount

20.44%

Discount at end of fiscal year 2024

Quarterly distribution

$0.35 per share

New MDP quarterly payout approved December 2025

Expense ratio cap

1.40%

Ordinary expense ratio limit under 2026 agreement

Historical Context

5 past events · Latest: Dec 11

5 events

1. Dec 11

   Distribution increase

   24h Move

   +2.4%

   Raised quarterly distribution to $0.35 and detailed source breakdown.

2. Oct 30

   Distribution payment

   24h Move

   -0.4%

   Announced $0.25 cash distribution and composition for October payment.

3. Sep 11

   Distribution declaration

   24h Move

   +1.8%

   Declared $0.25 distribution and highlighted strong 5-year returns.

4. Jul 30

   Distribution payment

   24h Move

   -0.7%

   Announced $0.25 distribution and detailed income/gain/ROC mix.

5. Jul 28

   Stake acknowledgment

   24h Move

   -0.1%

   Acknowledged Saba Capital’s 8.35% stake and focus on discount.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

nav, msci mexico index, managed distribution policy, expense limitation agreement, +2 more

6 terms

nav financial

"During fiscal year 2025, the Fund's NAV per share and market price registered"

Net asset value (NAV) is the total value of all the investments and assets in a fund or company, minus any debts or liabilities, divided by the number of shares or units outstanding. It represents the per-share worth, giving investors an idea of what each share is truly worth based on the underlying assets. Think of it like a company's total worth divided among its shares, helping investors assess whether a share is fairly priced.

View in glossary

msci mexico index financial

"while the Morgan Stanley Capital International ("MSCI") Mexico Index, increased 38.34%"

An index that tracks the overall performance of a broad set of Mexican publicly traded companies, with larger companies carrying more influence on the score. Investors use it as a benchmark to see how the Mexican stock market is doing, to compare fund performance, or to guide money allocation—think of it as a single thermometer that summarizes the health and direction of Mexico’s equity market.

managed distribution policy financial

"increase the Fund´s quarterly distributions under its MDP, from $0.25 per share"

A managed distribution policy is a company’s plan to pay regular cash to shareholders at a set rate by combining income, dividends and occasional return of capital. Think of it as a scheduled withdrawal from a household account: it can provide steady income for investors, but part of the payment may come from savings rather than ongoing earnings, so investors should watch how those payments are funded and whether they are sustainable over time.

expense limitation agreement financial

"The Fund´s Expense Limitation Agreement was renewed for fiscal year 2026"

An expense limitation agreement is a contract in which one party promises to cap or limit the costs that another will charge or seek reimbursement for, so total outlays stay below a set amount or within defined categories. For investors, it matters because such limits make a company’s future spending more predictable, reduce the chance of unexpected bills that can hurt profits, and clarify how risks and cash responsibilities are shared — like setting a household budget to avoid surprise expenses.

expense ratio financial

"cap on the ordinary expense ratio (which excludes the performance component"

The expense ratio is the annual fee a mutual fund or exchange-traded fund charges to cover its operating costs, shown as a percentage of the fund’s assets. Think of it like a yearly maintenance or subscription fee that quietly reduces your investment’s returns; even small differences matter over time because the fee compounds against your gains. Investors compare expense ratios to judge how much of their returns will be eaten by fund costs.

View in glossary

closed-end management investment company financial

"is a non-diversified closed-end management investment company with the investment objective"

A closed-end management investment company is a pooled investment fund that raises a fixed amount of capital by issuing a set number of shares and then lists those shares for trading on an exchange; investors buy and sell shares on the market rather than redeeming them back to the fund. Think of it like a store with a fixed number of bottles on the shelf: the market price can be higher or lower than the underlying value of the assets, which matters to investors because it affects returns, liquidity and income characteristics independent of the fund’s actual holdings.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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COLUMBIA, Maryland, Dec. 29, 2025 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), today issued its fiscal 2025 Annual Report for the period ended October 31, 2025.

A full version of the report is available at the company´s website – www.themexicofund.com

Annual Report 2025 Highlights

During fiscal year 2025, the Fund's NAV per share and market price registered a total return of 31.17% and 46.48%, respectively, while the Morgan Stanley Capital International ("MSCI") Mexico Index, increased 38.34%. As of October 31, 2025, the Fund´s price per share outperformed its benchmark during all long-term periods presented in the table below, including since December 2008, when current portfolio management team assumed investment management responsibilities.

	Annualized % Return in USD
	1-year	3-years	5-years	10-years	Dec-08
MXF Market Price	46.48	17.12	18.42	5.64	8.68
MXF NAV	31.17	12.43	16.04	4.83	8.15
MSCI Mexico Index	38.34	14.15	18.21	4.96	6.96

As of October 31, 2025, the Fund's market price and NAV per share were $19.39 and $22.02, respectively, reflecting a discount of 11.94%, compared with a discount of 20.44% at the end of fiscal year 2024. 

At its December 2025 meeting, the Board decided to increase the Fund´s quarterly distributions under its MDP, from $0.25 per share to $0.35 per share, representing a significant increase of 40.0% and an attractive annualized distribution rate of 7.2% relative to its market price as of November 30, 2025. Accordingly, the Fund has declared a distribution of $0.35 per share to be paid on January 29, 2026 to stockholders of record as of January 21, 2026. 

The Fund´s Expense Limitation Agreement was renewed for fiscal year 2026 with a cap on the ordinary expense ratio (which excludes the performance component of the Investment Advisory fee, among other extraordinary expenses) of 1.40%, so long as Fund net assets remain greater than $260 million. The Fund's ordinary expense ratio during the fiscal year 2025 was 1.38%, below the limit of 1.40%.

About The Mexico Fund, Inc. 

The Mexico Fund, Inc. is a non-diversified closed-end management investment company with the investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The Fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.

This release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Fund's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Fund's filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Fund undertakes no obligation to release publicly any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by The Mexico Fund or any other person that the events or circumstances described in such statement are material.

CONTACT:

Tofi Dayan
+5255-9138-3350 
Email: investor-relations@themexicofund.com

Patricia Baronowski 
Pristine Advisers, LLC 
+1-631-756-2486
Email: pbaronowski@pristineadvisers.com

 

 

 

View original content:https://www.prnewswire.com/news-releases/the-mexico-fund-inc-issues-its-2025-annual-report-302649695.html

SOURCE The Mexico Fund, Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What distribution did The Mexico Fund (MXF) declare for January 2026?

The Fund declared a quarterly distribution of $0.35 per share payable on Jan 29, 2026 to holders of record on Jan 21, 2026.

How did MXF perform in fiscal 2025 compared with the MSCI Mexico Index?

For fiscal 2025 MXF market price returned 46.48% and NAV returned 31.17%, versus the MSCI Mexico Index return of 38.34%.

What were MXF's market price and NAV per share as of October 31, 2025?

As of Oct 31, 2025 MXF market price was $19.39 and NAV per share was $22.02.

What is MXF's discount to NAV and how did it change year-over-year?

The Fund's discount narrowed to 11.94% as of Oct 31, 2025 from 20.44% at fiscal year-end 2024.

What expense limitations apply to The Mexico Fund (MXF) for fiscal 2026?

The Fund renewed an expense limitation capping ordinary expenses at 1.40% for fiscal 2026 while net assets remain above $260 million.

Where can investors access The Mexico Fund (MXF) 2025 annual report?

The full fiscal 2025 Annual Report is available on the Fund's website at www.themexicofund.com.