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  4. [8-K] MEXICO FUND INC Reports Material Event

The Mexico Fund, Inc. (NYSE: MXF) reports $0.35 payout and Mexico equity focus

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Filing Sentiment
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Form Type
8-K

Rhea-AI Filing Summary

The Mexico Fund, Inc. is a non-diversified closed-end fund listed on the NYSE as “MXF”, seeking long-term capital appreciation by investing mainly in Mexican equities. The Board has authorized a Managed Distribution Plan with quarterly payments of $0.35 per share, which may be amended or terminated at any time.

The fund reports $354.60 million in net assets, a NAV of $24.59 and a market price of $21.76, implying an 11.51% discount. The expense ratio is 1.18% and portfolio turnover 8.06%. July 2026 NAV gained 1.2% versus a 2.1% rise in the MSCI Mexico Index, while one-year market-price performance is 29.48% and NAV 27.00%. Top ten holdings, led by Grupo México and Grupo Financiero Banorte, represent 67.53% of net assets.

Mexico’s macro backdrop includes a preliminary second-quarter 2026 GDP increase of 2.2%, exports to the U.S. up 13.0% in the first half of 2026, and Mexican corporates showing second-quarter sales growth of 4.2% and EBITDA growth of 9.2% in local currency.

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Total Net Assets $354.60 million Size of the fund’s portfolio
NAV per share $24.59 Net Asset Value per share
Closing price $21.76 Market price of MXF shares
Market discount 11.51% Share price discount to NAV
Quarterly distribution $0.35 per share Managed Distribution Plan payout
Expense ratio 1.18% As of 4/30/2026
Portfolio turnover 8.06% As of 4/30/2026
Outstanding shares 14,420,065 Shares of the fund outstanding
Managed Distribution Plan financial
"The Board of Directors of the Fund has authorized quarterly distributions under the Managed Distribution Plan"
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
"is a non-diversified closed-end management investment company with the investment objective of long-term capital appreciation"
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 2.1% 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 (4/30/2026) | 8.06%"
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.

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FAQ

What is the investment objective of The Mexico Fund (MXF)?
The Mexico Fund (MXF) seeks long-term capital appreciation by investing mainly in equity securities listed on the Mexican Stock Exchanges. It offers investors managed, non-diversified exposure to Mexican companies as part of a broader investment program.

How large is The Mexico Fund (MXF) and what discount does it trade at?
The Mexico Fund reports $354.60 million in total net assets, with a NAV of $24.59 and a market price of $21.76. This implies an 11.51% discount of the share price relative to the underlying net asset value.

What distribution does MXF pay under its Managed Distribution Plan?
Under its Managed Distribution Plan, the Board has authorized quarterly distributions of $0.35 per share. With each payment, the fund provides a notice and press release detailing the amount and composition; the Board may amend or terminate the plan without prior notice.

How has The Mexico Fund (MXF) performed relative to the MSCI Mexico Index?
For the most recent month, the fund’s NAV rose 1.22% versus a 2.07% gain for the MSCI Mexico Index. Over one year, MXF’s market price returned 29.48% and NAV 27.00%, compared with 35.38% for the index, all on a total-return basis.

What are the top holdings in The Mexico Fund (MXF)?
The top ten holdings comprise 67.53% of net assets, led by Grupo México (16.04%), Grupo Financiero Banorte (11.09%), Fomento Económico Mexicano (10.08%), Cemex (6.67%) and Wal-Mart de México (5.72%), plus five additional Mexican companies.

What key risks are associated with investing in The Mexico Fund (MXF)?
The fund notes risks from foreign and Mexican investments, market illiquidity and volatility, currency exchange fluctuations, NAV discounts, foreign custody, dollar-denominated holdings and concentration in the Mexican equity market, any of which can affect share prices and NAV over time.

EXHIBIT 99.(i)

 

 

 

The Mexico Fund, Inc.

Monthly Summary Report | July 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

35,207

NAV per share1

$24.59

Outstanding Shares3

14,420,065

Closing price2

$21.76

Expense Ratio (4/30/2026)

1.18%

Discount

11.51%

Portfolio Turnover (4/30/2026)

8.06%

 

Performance1

Cumulative

Annualized

1 Month

YTD

1 Year

3 Years

5 Years

10 Years

Dec – 084

MXF Market Price

1.10%

13.36%

29.48%

12.85%

12.98%

7.99%

9.34%

MXF NAV

1.22%

10.99%

27.00%

7.73%

11.30%

7.18%

8.73%

MSCI Mexico Index

2.07%

13.24%

35.38%

10.97%

13.35%

7.73%

7.77%

 

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 July 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 | July 31, 2026

 

Top Ten Holdings (67.53% of Net Assets)

1 Grupo México

16.04%

6 América Móvil

4.67%

2 Grupo Financiero Banorte

11.09%

7 Grupo Aeroportuario del Pacífico

3.67%

3 Fomento Económico Mexicano

10.08%

8 Kimberly-Clark de México

3.27%

4 Cemex

6.67%

9 Gcc

3.25%

5 Wal-Mart de México

5.72%

10 Arca Continental

3.07%

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 mixed returns during July 2026. The MSCI World Index increased 0.5%, while the MSCI Emerging Markets Index decreased 3.3% during the month. On global monetary policy, major central banks kept their benchmark interest rates unchanged. The U.S. Federal Reserve maintained its target range at 3.50% to 3.75%, the Bank of England held its rate at 3.75%, and the European Central Bank kept its main refinancing rate at 2.40%. The DJIA increased 0.3% and the S&P 500 decreased 0.1%, while the yield on the 10-year Treasury note increased 27 basis points to 4.73% and the U.S. dollar depreciated 1.3% (measured by the DXY Index5) during July 2026.  Oil prices rose sharply in July, reversing June's decline, after the preliminary U.S.-Iran agreement broke down, renewing concerns over disruptions to the Strait of Hormuz. In Mexico, the MSCI Mexico Index increased 2.1% and the Mexican peso appreciated 0.8% during the month, to Ps. $17.34, whereas the Fund’s NAV increased 1.2%, underperforming its benchmark.

 

Regarding the United States-Mexico-Canada Agreement ("USMCA"), on July 1, pursuant to the USMCA's sunset clause, the first trilateral review meeting between the United States, Mexico, and Canada was held. The three countries agreed that the USMCA will remain in force through 2036, rather than being extended for an additional sixteen-year period, with an annual review mechanism, through which any member may propose a new sixteen-year term at any point. Under the USMCA, Mexico maintains an important competitive advantage toward the U.S. market, with roughly 85% of Mexican exports continuing to benefit from tariff-free treatment. During the first half of 2026, Mexican exports to the U.S. increased 13.0%.

 

In local news, Mexico’s preliminary GDP6 for the second quarter of 2026 reported an annual increase of 2.2%. Mexican-listed companies reported positive financial results for the second quarter of 2026, highlighted by an increase in profitability margins, with sales and EBITDA rising 4.2% and 9.2% in local currency, respectively, compared to the second 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

 

 
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Source: View Original Filing on SEC EDGAR

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