Mexico Fund posts March 2026 NAV and MDP details

The Mexico Fund, Inc. (MXF), a non-diversified closed-end fund focused on Mexican equities, reported total net assets of $354.84 million and a net asset value (NAV) of $24.61 per share as of March 31, 2026.

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Form Type

8-K

Rhea-AI Filing Summary

The Mexico Fund, Inc. (MXF), a non-diversified closed-end fund focused on Mexican equities, reported total net assets of $354.84 million and a net asset value (NAV) of $24.61 per share as of March 31, 2026. The NYSE market price was $20.93, reflecting a 14.95% discount to NAV, with 14,420,065 shares outstanding and an expense ratio of 1.36%.

The Board has authorized a quarterly managed distribution of $0.35 per share under its Managed Distribution Plan, which may be amended or terminated at any time. For the one-year period, MXF’s market price returned 55.63% and NAV returned 45.64%, compared with 55.86% for the MSCI Mexico Index. In March 2026, the Fund’s NAV fell 5.42% versus a 7.68% decline for the MSCI Mexico Index, while the Mexican peso depreciated 4.0%.

Top holdings, representing 68.00% of net assets, include Grupo México (14.62%), Grupo Financiero Banorte (10.62%), and Fomento Económico Mexicano (10.42%), alongside positions in Wal-Mart de México, Cemex, and América Móvil. Management notes that global markets weakened amid higher oil prices, geopolitical tensions involving the U.S.–Israel vs. Iran conflict, and shifting monetary policy expectations, while Mexico’s central bank reduced its reference rate to 6.75%.

Key Figures

Total Net Assets: $354.84 million NAV per Share: $24.61 Market Price: $20.93 +5 more

8 metrics

Total Net Assets $354.84 million As of March 31, 2026

NAV per Share $24.61 As of March 31, 2026

Market Price $20.93 NYSE closing price as of March 31, 2026

Discount to NAV 14.95% Market price vs. NAV, March 31, 2026

Quarterly Distribution $0.35 per share Managed Distribution Plan authorized by Board

One-Year Market Price Return 55.63% Cumulative performance as of March 31, 2026

One-Year NAV Return 45.64% Cumulative performance as of March 31, 2026

Top Holding Weight 14.62% Grupo México share of net assets

Key Terms

Managed Distribution Plan, closed-end management investment company, Net Asset Value, discount to NAV, +2 more

6 terms

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 financial

"The NAV is the value of an entity’s assets less the value of its liabilities."

Net asset value is the total value of an investment fund's assets minus any liabilities, divided by the number of shares or units outstanding. It represents the per-share worth of the fund, similar to how the value of a house is determined by its total worth after debts are subtracted. Investors use it to gauge the true value of their holdings and to compare different investment options.

discount to NAV financial

"Shares of closed-end funds may trade above (premium) or below (discount) the NAV of the fund’s portfolio."

Discount to NAV describes when a fund’s market price is lower than the per-share value of the assets it owns (net asset value, or NAV, which is assets minus liabilities divided by shares). Think of it as a store selling a basket of goods for less than the basket’s calculated worth; investors may see it as a potential bargain or a warning sign about demand, fees, or underlying asset quality, so it affects decisions about buying, selling, or valuing funds.

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.

foreign custody risk financial

"An investment in the Fund entails special risk considerations, including among others ... foreign custody risk..."

FAQ

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

How did The Mexico Fund (MXF) perform as of March 31, 2026?

As of March 31, 2026, The Mexico Fund’s market price return was 55.63% over one year and NAV return was 45.64%. Over the same period, the MSCI Mexico Index returned 55.86%, showing broadly comparable performance with some tracking differences.

What are The Mexico Fund’s key size and valuation metrics for March 2026?

At March 31, 2026, The Mexico Fund reported total net assets of $354.84 million and a NAV of $24.61 per share. The NYSE market price was $20.93, implying a 14.95% discount to NAV, with 14,420,065 shares outstanding.

What distribution does The Mexico Fund (MXF) pay under its Managed Distribution Plan?

The Mexico Fund’s Board authorized quarterly distributions of $0.35 per share under its Managed Distribution Plan. With each payment, the Fund issues a notice and press release detailing the amount and composition. The Board may amend or terminate this plan at any time without prior stockholder notice.

How did The Mexico Fund’s March 2026 NAV performance compare to the MSCI Mexico Index?

During March 2026, The Mexico Fund’s NAV decreased 5.8%, while the MSCI Mexico Index declined 7.7%. This indicates the Fund outperformed its benchmark for the month, despite negative returns amid global market weakness and higher oil prices.

What are the top holdings of The Mexico Fund and their portfolio weightings?

The top ten holdings represent 68.00% of net assets, led by Grupo México at 14.62%, Grupo Financiero Banorte at 10.62%, and Fomento Económico Mexicano at 10.42%. Other major positions include Wal-Mart de México, Cemex, América Móvil, and Mexican airport operators.

What key risks does The Mexico Fund highlight for investors?

The Mexico Fund cites risks from foreign and Mexican investments, market illiquidity and volatility, Mexican economic and political factors, security issues, currency exchange fluctuations, NAV discount risk, foreign custody risk, and concentration in the Mexican equity market, emphasizing that it may not suit all investors.

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

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Accepted by SEC EDGAR 04/07/2026 - 01:38 PM EDT

Exhibit 99.(i)

		The Mexico Fund, Inc.
		Monthly Summary Report \| March 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	$354.84	Daily Average Number of Shares Traded²	54,194
NAV per share¹	$24.61	Outstanding Shares³	14,420,065
Closing price²	$20.93	Expense Ratio (10/31/2025)	1.36%
Discount	14.95%	Portfolio Turnover (10/31/2025)	13.14%

Performance¹	Cumulative			Annualized
Performance¹	1 Month	YTD	1 Year	3 Years	5 Years	10 Years	Dec – 08⁴
MXF Market Price	-8.24%	5.56%	55.63%	13.09%	13.61%	6.63%	9.06%
MXF NAV	-5.42%	8.01%	45.64%	10.43%	12.77%	6.18%	8.73%
MSCI Mexico Index	-7.68%	8.47%	55.86%	12.97%	14.84%	6.54%	7.65%

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 March 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 \| March 31, 2026

Top Ten Holdings (68.00% of Net Assets)
1 Grupo México	14.62%	6 América Móvil	4.83%
2 Grupo Financiero Banorte	10.62%	7 Grupo Aeroportuario del Pacífico	3.97%
3 Fomento Económico Mexicano	10.42%	8 Arca Continental	3.74%
4 Wal-Mart de México	6.86%	9 Grupo Aeroportuario del Sureste	3.61%
5 Cemex	6.13%	10 Kimberly Clark de México	3.20%

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 negative returns during March 2026. The MSCI World Index and the MSCI Emerging Markets Index decreased 6.6% and 13.3%, respectively, during the month. Financial and energy markets were pressured by the sharp rise in oil prices amid the ongoing U.S.–Israel vs. Iran conflict, which has tightened global oil supply and logistics, while geopolitical risk has further increased uncertainty and reduced risk appetite, weighing on financial markets. On global monetary policy, the Federal Reserve, the Bank of England, and the European Central Bank rates remained unchanged, with inflation risks skewed to the upside due to higher oil prices. The DJIA and the S&P 500 decreased 5.4% and 5.1%, respectively, while the yield on the 10-year Treasury note increased 38 basis points to 4.32% and the U.S. dollar appreciated 2.4% (measured by the DXY Index⁵) during March 2026. In Mexico, the MSCI Mexico Index decreased 7.7% and the Mexican peso depreciated 4.0% during the month, to Ps. $17.94, whereas the Fund’s NAV decreased 5.8%, outperforming its benchmark.

In local news, Mexico´s Central Bank decreased its reference interest rate by 25 basis points to 6.75% in March 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.

www.themexicofund.com

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

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EX-99 SUMMARY REPORT 36.2 KB