THE MEXICO FUND, INC. ISSUES ITS 2026 SEMI-ANNUAL REPORT

Rhea-AI Summary

The Mexico Fund (NYSE:MXF) released its fiscal 2026 semi-annual report for the period ended April 30, 2026. NAV total return was 15.13% versus 17.69% for the MSCI Mexico Index, while market price total return was 12.57%.

As of April 30, 2026, market price and NAV were $21.14 and $24.65, a 14.24% discount. Quarterly MDP distributions rose 40% to $0.35 per share, with $28.68 per share paid since 2008. The ordinary expense ratio was 1.34%, below the 1.40% cap.

Positive

• NAV total return of 15.13% for first half of fiscal 2026
• Market price outperformed MSCI Mexico Index over 1-, 3-, 10-year and since Dec-08
• Quarterly MDP distribution increased 40% to $0.35 per share
• Total cash distributions of $28.68 per share since September 2008
• Ordinary expense ratio 1.34% versus 1.40% contractual cap

Negative

• First-half 2026 NAV return trailed MSCI Mexico Index by 2.56 percentage points
• Discount to NAV widened to 14.24% from 11.94% at fiscal 2025 year-end

News Market Reaction – MXF

-1.57%

-1.57% News Effect

On the day this news was published, MXF declined 1.57%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement highlights solid first-half NAV and price returns near 15% and 13%, a wider 14.24%...

Analysis

This announcement highlights solid first-half NAV and price returns near 15% and 13%, a wider 14.24% discount to NAV, and a 40% distribution increase. Investors may watch whether the discount narrows alongside continued performance and insider buying.

Key Figures

NAV total return: 15.13% Benchmark return: 17.69% Market price return: 12.57% +5 more

8 metrics

NAV total return 15.13% Fund NAV total return, first half fiscal 2026

Benchmark return 17.69% MSCI Mexico Index, first half fiscal 2026

Market price return 12.57% Fund market price total return, first half fiscal 2026

Market price $21.14 Fund market price as of April 30, 2026

NAV per share $24.65 Fund NAV per share as of April 30, 2026

Discount to NAV 14.24% Market discount as of April 30, 2026

Distribution increase $0.25 to $0.35 Quarterly MDP distribution raised 40.0% at December 2025 meeting

Ordinary expense ratio 1.34% First half fiscal 2026 vs 1.40% cap, net assets > $260M

Historical Context

5 past events · Latest: Jun 11 (Neutral)

5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 11	Distribution declared	Neutral	+3.6%	Announcement of $0.35 per share distribution and continuation of MDP for 2026.
Apr 30	Distribution paid	Neutral	+1.4%	Payment of $0.35 per share cash distribution under Managed Distribution Plan.
Mar 13	Annual meeting results	Neutral	-1.2%	Election of two Class III directors to three-year terms at 2026 annual meeting.
Mar 13	Distribution declared	Neutral	-1.2%	Declaration of $0.35 per share distribution and confirmation of 2026 MDP.
Jan 29	Distribution paid	Neutral	+1.3%	Payment of $0.35 per share cash distribution under the Managed Distribution Plan.

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 plan, expense ratio

4 terms

nav financial

"the Fund's NAV per share registered a total return of 15.13%"

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

"its benchmark, the Morgan Stanley Capital International ("MSCI") Mexico Index"

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 plan financial

"quarterly distributions under its MDP, from $0.25 per share to $0.35"

A managed distribution plan is a company’s program to pay regular, predictable cash amounts to shareholders by setting a fixed schedule and target payout, often funded from operating cash, reserves, or return of capital. Think of it like a household budget that guarantees a monthly allowance: it provides steady income for investors but can mask when distributions exceed sustainable earnings, which may reduce the company’s capital over time and affect long‑term value.

expense ratio financial

"a 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

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

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COLUMBIA, Md., June 24, 2026 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), today issued its fiscal 2026 Semi-Annual Report for the period ended April 30, 2026.

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

Semi-Annual Report 2026 Highlights

During the first half of fiscal year 2026, the Fund's NAV per share registered a total return of 15.13%, compared with a return of 17.69% registered by its benchmark, the Morgan Stanley Capital International ("MSCI") Mexico Index, while the Fund´s market price registered a total return of 12.57%. As of April 30, 2026, the Fund's market price has outperformed the benchmark during long-term periods of one-, three-, and ten- years and since December 2008, when the current portfolio management team assumed investment management responsibilities, as shown in the table below:

	Annualized % Return in USD
	1-year	3-years	5-years	10-years	Dec-08
MXF Market Price	44.38	14.40	13.59	6.95	9.20
MXF NAV	33.38	10.23	12.79	6.32	8.79
MSCI Mexico Index	41.29	12.81	14.83	6.74	7.76

As of April 30, 2026, the Fund's market price and NAV per share were $21.14 and $24.65, respectively, reflecting a discount of 14.24%, compared with a discount of 11.94% at the end of fiscal year 2025.

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%. Accordingly, the Fund has declared a distribution of $0.35 per share to be paid on July 30, 2026 to stockholders of record as of July 22, 2026. Since the implementation of the MDP in September 2008, the Fund has paid a total of $28.68 per share in cash distributions to stockholders.

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 first half of fiscal year 2026 was 1.34%, 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-2026-semi-annual-report-302808223.html

SOURCE The Mexico Fund, Inc.

FAQ

What are the key highlights of The Mexico Fund (NYSE:MXF) 2026 semi-annual report?

The Mexico Fund reported a 15.13% NAV total return and 12.57% market price return for the first half of fiscal 2026. According to The Mexico Fund, the market price and NAV were $21.14 and $24.65, implying a 14.24% discount as of April 30, 2026.

How did The Mexico Fund (MXF) perform versus the MSCI Mexico Index in early fiscal 2026?

The Mexico Fund’s NAV returned 15.13% in the first half of fiscal 2026, compared with 17.69% for the MSCI Mexico Index. According to The Mexico Fund, the market price total return was 12.57% over the same period, slightly below the benchmark’s performance.

What is the discount to NAV for The Mexico Fund (MXF) as of April 30, 2026?

As of April 30, 2026, The Mexico Fund’s market price of $21.14 and NAV of $24.65 reflected a 14.24% discount. According to The Mexico Fund, this compares with an 11.94% discount at the end of fiscal year 2025, indicating a wider gap.

How has The Mexico Fund (MXF) adjusted its quarterly distribution under the MDP?

The Mexico Fund’s board increased the quarterly MDP distribution from $0.25 to $0.35 per share at its December 2025 meeting. According to The Mexico Fund, this 40.0% increase supports higher regular cash payments and a declared $0.35 distribution payable July 30, 2026.

How much has The Mexico Fund (MXF) paid in distributions since implementing its MDP?

Since launching its managed distribution plan in September 2008, The Mexico Fund has paid $28.68 per share in cash distributions. According to The Mexico Fund, this cumulative payout reflects long-term capital return and income to stockholders alongside ongoing quarterly distributions under the current MDP structure.

What does the 2026 expense limitation agreement mean for The Mexico Fund (MXF)?

For fiscal 2026, The Mexico Fund renewed its expense limitation agreement capping the ordinary expense ratio at 1.40% while net assets exceed $260 million. According to The Mexico Fund, the ordinary expense ratio for the first half of fiscal 2026 was 1.34%, below this limit.