Mexico Fund (NYSE: MXF) details January 2026 gains and 12.9% discount

Rhea-AI Filing Summary

The Mexico Fund, Inc. reports January 2026 metrics and highlights its managed distribution plan. The Board has authorized quarterly distributions of $0.35 per share under this plan, which may be amended or terminated at any time.

As of the report, total net assets were $354.60 million, NAV per share was $24.59, and the NYSE market price was $21.43, reflecting a 12.85% discount to NAV. The fund’s NAV gained 7.93% in January, while the market price rose 8.08%, compared with a 9.09% increase for the MSCI Mexico Index.

The portfolio remains concentrated, with the top ten holdings representing 67.66% of net assets, led by Grupo México, Grupo Financiero Banorte and Fomento Económico Mexicano. The report also notes modest portfolio turnover of 13.14% and reiterates the risks of Mexican and foreign equity investing and the possibility of trading at a premium or discount to NAV.

EXHIBIT 99.1

The Mexico Fund, Inc. Monthly Summary Report | January 31, 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	$354.60	Daily Average Number of Shares Traded2	60,135
NAV per share1	$24.59	Outstanding Shares3	14,420,065
Closing price2	$21.43	Expense Ratio (10/31/2025)	1.36%
Discount	12.85%	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	8.08%	8.08%	67.84%	14.71%	16.08%	8.02%	9.30%
MXF NAV	7.93%	7.93%	49.91%	11.56%	14.93%	7.25%	8.81%
MSCI Mexico Index	9.09%	9.09%	64.23%	14.34%	17.34%	7.71%	7.77%

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 January 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

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  The Mexico Fund, Inc. Monthly Summary Report | January 31, 2026

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.

Top Ten Holdings (67.66% of Net Assets)
1 Grupo México	15.04%	6 Grupo Aeroportuario del Pacífico	4.26%
2 Grupo Financiero Banorte	10.91%	7 América Móvil	3.93%
3 Fomento Económico Mexicano	9.87%	8 Grupo Aeroportuario del Sureste	3.71%
4 Wal-Mart de México	7.30%	9 Arca Continental	3.66%
5 Cemex	5.60%	10 Kimberly Clark de México	3.38%

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 January 2026. The MSCI World Index and the MSCI Emerging Markets Index increased 2.2% and 8.8%, respectively, during the month. Regarding monetary policy, the Federal Reserve maintained unchanged its overnight interest rate at a range of 3.50% – 3.75%. The DJIA and the S&P 500 increased 1.7% and 1.4%, respectively, while the yield on the 10-year Treasury note increased 7 basis points to 4.24% and the U.S. dollar depreciated 1.4% (measured by the DXY Index⁵) during January 2026. In Mexico, the MSCI Mexico Index increased 9.1% and the Mexican peso appreciated 3.1% during the month, to Ps. $17.46, whereas the Fund’s NAV increased 7.9%, underperforming its benchmark.

In local news, Mexico´s preliminary GDP⁶ for the fourth quarter of 2025 reported an annual increase of 1.6%, accruing an expansion of 0.7% during 2025. The Mexican Government´s total public sector requirements (broadest measure of the public deficit) improved during 2025, declining from 5.8% of GDP in 2024 to 4.3% of GDP during 2025, and it expects to further reduce it to 4.1% of GDP in 2026.

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

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FAQ

What is The Mexico Fund, Inc. (MXF) and its investment objective?

The Mexico Fund, Inc. is a non-diversified closed-end fund seeking long-term capital appreciation by investing mainly in Mexican equities listed on the Mexican Stock Exchanges. It offers investors a professionally managed portfolio focused on Mexican companies as part of a broader investment program.

How does MXF’s managed distribution plan (MDP) work?

The Board has authorized quarterly distributions of $0.35 per share under the managed distribution plan. Before each payment, the fund issues a notice and press release describing the amount and composition. The Board may change or terminate the plan at any time without prior stockholder notice.

What were MXF’s key valuation metrics in the latest report?

The fund reported total net assets of $354.60 million, with a NAV per share of $24.59 and an NYSE market price of $21.43. This implies a 12.85% discount to NAV, meaning shares traded below the underlying portfolio value at that time.

How did MXF perform in January 2026 versus the MSCI Mexico Index?

In January 2026, MXF’s NAV rose 7.93% and its market price gained 8.08%, while the MSCI Mexico Index increased 9.09%. This indicates the fund underperformed its benchmark on a NAV basis for the month, despite strong absolute returns.

What are MXF’s top holdings and portfolio concentration?

The top ten holdings represent 67.66% of net assets, led by Grupo México, Grupo Financiero Banorte and Fomento Económico Mexicano. Other major positions include Wal-Mart de México, Cemex and two Mexican airport groups, reflecting a concentrated exposure to large Mexican issuers.

What key risks does investing in The Mexico Fund (MXF) involve?

The fund highlights risks from foreign and specifically Mexican investments, including market volatility, political and security factors, currency exchange fluctuations, NAV discount risk, market illiquidity, foreign custody issues and concentration in the Mexican equity market, which may cause share values to fluctuate significantly over time.