STOCK TITAN
  1. Home
  2. Sec-filings
  3. MXF
  4. [8-K] MEXICO FUND INC Reports Material Event

Mexico Fund (NYSE: MXF) April NAV return 1.6% as shares trade at 14% discount

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

The Mexico Fund, Inc. (MXF) is a non-diversified closed-end fund investing mainly in Mexican equities and trading on the NYSE. For April 2026, the Fund’s NAV per share was $24.65 and its market price was $21.14, reflecting a 14.24% discount to NAV and total net assets of $355.47 million.

The Fund’s NAV rose 1.6% in April, lagging the 2.3% gain of the MSCI Mexico Index, while the market price increased 2.68%. One-year market price performance was 44.38%, with NAV up 33.38%. The Fund operates under a Managed Distribution Plan with quarterly payments of $0.35 per share, which can be changed or terminated by the Board.

Top ten holdings represented 67.62% of net assets, led by Grupo México, Fomento Económico Mexicano and Grupo Financiero Banorte. The expense ratio was 1.36% and portfolio turnover was 13.14% as of October 31, 2025.

Positive

  • None.

Negative

  • None.
Total net assets $355.47 million As of April 30, 2026
NAV per share $24.65 As of April 30, 2026
Market price per share $21.14 As of April 30, 2026
Discount to NAV 14.24% As of April 30, 2026
April NAV return 1.57% MXF NAV performance for 1 month
April market price return 2.68% MXF market price performance for 1 month
Managed distribution $0.35 per share Quarterly distribution under MDP
Top ten concentration 67.62% of net assets Top ten holdings share of portfolio
Managed Distribution Plan financial
"The Board of Directors of the Fund has authorized quarterly distributions of $0.35 per share under the MDP."
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.
closed-end management investment company financial
"The Mexico Fund, Inc. (the “Fund”) is a non-diversified closed-end management investment company"
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.
Net Asset Value (NAV) financial
"The NAV is the value of an entity’s assets less the value of its liabilities."
Net asset value (NAV) is the per-share value of an investment fund calculated by totaling the fund’s assets, subtracting its liabilities, and dividing the remainder by the number of outstanding shares. Think of it like a price tag on each share of a collective piggy bank: investors use NAV to see what each share is worth, to compare funds, and, for many funds, it’s the price at which shares are bought or redeemed.
MSCI Mexico Index financial
"In Mexico, the MSCI Mexico Index increased 2.3% and the Mexican peso appreciated 2.7% during the month"
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.
portfolio turnover financial
"Portfolio Turnover (10/31/2025) | 13.14%"
Portfolio turnover measures how much of an investment portfolio’s holdings are bought and sold over a set period, usually a year, expressed as a percentage of the total assets. Think of it like how often you swap items in a pantry: higher turnover means frequent trading, which can signal an active strategy but also raises trading costs and taxable events that can lower an investor’s net returns; lower turnover suggests a buy-and-hold approach with fewer transaction-related expenses.
NAV discount risk financial
"including among others the risks of foreign investments, Mexican investments, ... NAV discount risk, foreign custody risk"
Understanding 8-K Material Events →

EXHIBIT 99.(i)

 

 

The Mexico Fund, Inc.

 

 

Monthly Summary Report | April 30, 2026

 

 

 

Description

 

The Mexico Fund, Inc. (the “Fund”) 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 Exchanges. 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. The Fund’s shares are listed and traded on the New York Stock Exchange (“NYSE”) under the symbol “MXF.”

 

Managed Distribution Plan (“MDP”)

 

The Board of Directors of the Fund has authorized quarterly distributions of $0.35 per share under the MDP. With each distribution, the Fund will issue a notice to stockholders and an accompanying press release, which will provide detailed information regarding the amount and composition of the distribution and other information required by the Fund’s MDP exemptive order. The Fund’s Board of Directors may amend or terminate the MDP at any time without prior notice to stockholders. You should not draw any conclusions about the Fund’s investment performance from the amount of distributions or from the terms of the Fund’s MDP.

 

Highlights

 

Total Net Assets (million)1

$355.47

Daily Average Number of Shares Traded2

62,063

NAV per share1

$24.65

Outstanding Shares3

14,420,065

Closing price2

$21.14

Expense Ratio (10/31/2025)

1.36%

Discount

14.24%

Portfolio Turnover (10/31/2025)

13.14%

 

Performance1

Cumulative

Annualized

1 Month

YTD

1 Year

3 Years

5 Years

10 Years

Dec – 084

MXF Market Price

2.68%

7.32%

44.38%

14.37%

13.59%

6.95%

9.20%

MXF NAV

1.57%

9.68%

33.38%

10.21%

12.79%

6.32%

8.79%

MSCI Mexico Index

2.28%

10.69%

41.29%

12.78%

14.83%

6.74%

7.76%

 

These figures represent past performance. Past performance does not guarantee future results. The Fund's investment return and principal value will fluctuate so that an investor's shares, at the time of sale, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above.

_________________________________

[1] Source: Impulsora del Fondo México, S.C. Performance figures take into account reinvestments of distributions.

[2] Source: NYSE. Shares traded figure represents average volume traded on U.S. consolidated markets during the month.

[3] During April 2026, the Fund repurchased no shares.

[4] On January 1, 2009, the current portfolio management team began managing the Fund´s portfolio.

 

 

www.themexicofund.com

  

 

 

 

 

The Mexico Fund, Inc.

 

 

Monthly Summary Report | April 30, 2026

 

Top Ten Holdings (67.62% of Net Assets)

 

1 Grupo México

14.94%

 

6 América Móvil

4.86%

2 Fomento Económico Mexicano

10.64%

 

7 Grupo Aeroportuario del Pacífico

4.23%

3 Grupo Financiero Banorte

10.39%

 

8 Gcc

3.32%

4 Cemex

6.56%

 

9 Grupo Aeroportuario del Sureste

3.26%

5 Wal-Mart de México

6.21%

 

10 Arca Continental

3.21%

 

Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.

 

Fund Manager’s Comments

 

Global equity markets registered positive returns during April 2026. The MSCI World Index and the MSCI Emerging Markets Index increased 9.4% and 14.5%, respectively, during the month. On global monetary policy, major central banks kept their reference interest rates unchanged: the Federal Reserve at a range of 3.50% and 3.75%, the Bank of England at 3.75%, and the European Central Bank maintained its main refinancing rate at 2.15%. In geopolitics, tensions between the U.S. and Israel against Iran continued to drive volatility in energy markets, with oil prices maintaining an upward bias during April. The DJIA and the S&P 500 increased 7.1% and 10.4%, while the yield on the 10-year Treasury note increased 5 basis points to 4.37% and the U.S. dollar depreciated 1.9% (measured by the DXY Index5) during April 2026. In Mexico, the MSCI Mexico Index increased 2.3% and the Mexican peso appreciated 2.7% during the month, to Ps. $17.47, whereas the Fund’s NAV increased 1.6%, underperforming its benchmark.

 

In local news, Mexico´s preliminary GDP6 for the first quarter of 2026 reported an annual increase of 0.2%. The Mexican Government released its 2026 updated budget estimates and 2027 preliminary economic guidelines, maintaining its commitment to fiscal consolidation. For 2026, the Mexican Government expects total public sector requirements (broadest measure of the public deficit) to be -4.1% of GDP, decreasing from -4.9% of GDP in 2025. For 2027, the Mexican Government expects total public sector requirements to further decrease to -3.5% of GDP. Fitch affirmed Mexico's 'BBB-' rating with a stable outlook, supported by a prudent macroeconomic policy, solid external finances, and a diversified economy. Mexican-listed companies reported positive financial results for the first quarter of 2026, highlighted by an increase in profitability margins, with sales and EBITDA rising 2.5% and 9.2%, respectively, compared to the first quarter of 2025.

_________________________________

The information presented in this report has been derived from the sources indicated. Neither The Mexico Fund, Inc. nor its Adviser, Impulsora del Fondo México, S.C., has independently verified or confirmed the information presented herein.

 

Important Risk Disclosure

All performance shown is historical. Closed-end funds are traded on the secondary market through one of the stock exchanges. Shares of closed-end funds may trade above (premium) or below (discount) the NAV of the fund’s portfolio. The NAV is the value of an entity’s assets less the value of its liabilities. The Market Price is the current price at which an asset can be bought or sold. There is no assurance that the Fund will achieve its investment objective.

 

An investment in the Fund entails special risk considerations, including among others the risks of foreign investments, Mexican investments, market illiquidity and volatility, market corrections, risks associated with the Mexican economy, political factors and security, currency exchange rate fluctuations, NAV discount risk, foreign custody risk, dollar denominated investments risk and risks associated with the concentration of the Mexican equity market. Investors should consider their investment goals, time horizons and risk tolerance before investing in the Fund. An investment in the Fund is not appropriate for all investors, and the Fund is not intended to be a complete investment program. Investors should carefully review and consider the Fund's investment objective, risks, charges and expenses before investing.

 

_________________________________

5 DXY Index computes the value of the U.S. dollar relative to a basket of foreign currencies.

6 Figures for preliminary GDP are seasonally adjusted.

 

 

www.themexicofund.com

 

 

 

Source: View Original Filing on SEC EDGAR

FAQ

What is The Mexico Fund (MXF) and how does it invest?

The Mexico Fund (MXF) is a closed-end fund seeking long-term capital appreciation through Mexican equities. It holds a non-diversified portfolio of stocks listed on Mexican Stock Exchanges and trades on the NYSE, giving investors managed exposure to Mexico’s equity market.

How did The Mexico Fund (MXF) perform in April 2026?

In April 2026, MXF’s NAV increased 1.6% while its market price rose 2.68%. Over one year, the market price gained 44.38% and NAV increased 33.38%, compared with a 41.29% rise for the MSCI Mexico Index.

What discount or premium is The Mexico Fund (MXF) trading at?

As of April 30, 2026, MXF’s NAV per share was $24.65 and its closing market price was $21.14. This represents a 14.24% discount to NAV, meaning shares traded below the underlying portfolio value.

What distribution does The Mexico Fund (MXF) currently pay?

The Board has authorized a Managed Distribution Plan with $0.35 per share paid quarterly. With each payment, MXF issues a notice detailing the distribution’s composition. The Board can amend or terminate this plan at any time without prior notice.

What are the largest holdings in The Mexico Fund (MXF)?

As of April 30, 2026, MXF’s top ten positions made up 67.62% of net assets. The largest holdings included Grupo México, Fomento Económico Mexicano, Grupo Financiero Banorte, Cemex, and Wal-Mart de México.

What are key risks of investing in The Mexico Fund (MXF)?

MXF involves risks including foreign and Mexican market risk, currency fluctuations, market volatility, Mexican political and security factors, NAV discount risk, and foreign custody risk. It is designed as part of a broader portfolio, not a complete investment program.

Filing Exhibits & Attachments

6 documents

Press Releases

Other Documents