Mexico Equity & Income:MXE

    Manage Alerts

    Overview

    As of 6/29/2022

     Share
    Price
    NAVPremium/
    Discount
    Current$8.08$10.50-23.05%
    52 Wk Avg$10.20$12.45-18.33%
    52 Wk High$12.88$14.65-10.07%
    52 Wk Low$7.82$9.75-33.86%
    Regular Distribution TypeIncome Only
    Distribution Rate1.49%
    Distribution Amount$0.1201
    Distribution FrequencyAnnually
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    Seeks high total return through capital appreciation and current income. It is the policy of the Fund, under normal market conditions, to invest at least 50% of its assets in equity and convertible debt securities issued by Mexican companies and the remainder of its assets in other debt securities (other than convertible debt) of Mexican issuers.

    Capital Structure

    As of 6/29/2022

    Total Investment Exposure:$46.202M
    Total Common Assets:$46.202M
    Common Shares Outstanding:4,400,209
    Annual Expense Ratios

    As of 7/31/2021

      Per Common Share
    Management Fees1.06%
    Other Expenses:2.83%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 3.89%
    Fund Management

    Fund Sponsor
    Pichardo Asset Management SA De CV

    Portfolio Managers
    David Estevez, Juan Elizalde, Maru Eugenia Pichardo

    Basics
    Category: Equity-Emerging Market Equity
    Ticker: MXE
    NAV Ticker: XMXEX
    Average Daily Volume (shares): 16,272
    Average Daily Volume (USD): $0.148M
    Inception Date: 8/15/1990
    Inception Share Price: $12.00
    Inception NAV: $11.27
    Tender Offer: Yes
    Term: No
    Fiscal Year End: July 31
    Third Party Links & Reports

    Distributions

    As of 6/29/2022

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 1/31/2022
    $0.0110
    Annualized Distribution Rate on NAV:
    As of 6/29/2022
    1.14%
    Total Return on NAV (12 months):
    As of 6/29/2022
    -17.27%
    Total % Portfolio Effectively Leveraged:
    As of 6/29/2022
    0.00%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/30/2022

    PeriodAvg Discount
    6 Month-20.56%
    1 Year-18.33%
    3 Year-13.46%
    5 Year-12.67%
    Z-Score

    As of 6/29/2022

    PeriodZStat
    3 Month0.41
    6 Month-0.75
    1 Year-0.88
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2022
    Category: Morningstar US CEF Emerging Market Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-0.90%2.78%-20.83%-23.22%
    2021-8.42%-4.05%4.41%3.53%
    2020-16.03%-3.25%2.35%5.14%
    201916.37%8.48%22.09%17.32%
    2018-1.84%-5.65%-7.13%-9.79%
    201712.40%11.82%30.90%25.77%
    2016-14.78%-15.10%9.58%10.08%
    2015-10.23%-7.76%-19.15%-17.72%
    2014-4.57%-4.18%-12.67%-10.86%
    201319.24%15.80%-2.93%-4.67%
    201245.13%47.16%28.26%25.79%
    2011-12.18%-13.81%-21.20%-18.67%
    201048.72%42.17%29.78%25.36%
    200922.20%33.28%  
    2008-48.91%-52.89%  
    200734.64%25.28%  
    200665.78%50.44%  
    200534.76%43.91%  
    200466.57%55.58%  
    200336.03%40.00%  
    2002-18.50%-13.51%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2022
    Category: Morningstar US CEF Emerging Market Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Number of Holdings:
    As of 3/31/2022
    37
    Annual Portfolio Turnover:
    As of 7/31/2021
    217.50%
    Asset Allocation

    As of 3/31/2022

    Top Sectors

    As of 3/31/2022

    Sector%Portfolio
    Cyclical (Super Sector)45.49%
    Sensitive (Super Sector)22.08%
    Basic Materials19.67%
    Defensive (Super Sector)16.81%
    Consumer Defensive16.81%
    Communication Services11.60%
    Consumer Cyclical11.16%
    Industrials10.48%
    Cash Equivalents (Super Sector)7.83%
    Cash Equivalents7.83%
    Top Holdings

    As of 3/31/2022

    HoldingValue% Portfolio
    America Movil SAB de CV Class L$5.44M9.73%
    Wal - Mart de Mexico SAB de CV$4.69M8.40%
    Alpek SA Class A$4.44M7.95%
    Hsbc Discovery Mexico$3.26M5.83%
    Grupo Financiero Banorte SAB de CV Class O$2.36M4.23%
    Promotora Y Operadora de Infraestructura SAB de CV$2.26M4.05%
    El Puerto de Liverpool SAB de CV Series C1$2.15M3.84%
    CFECapital S DE RL DE CV Units$2.13M3.81%
    Cemex SAB de CV$1.90M3.40%
    Controladora Vuela Compania de Aviacion SAB de CV A$1.72M3.08%
    Credit Quality

    As of 3/31/2022

    Maturity Breakdown

    As of 3/31/2022

    Country Allocation

    As of 3/31/2022

    Country% Portfolio
    Mexico - Equity81.92%
    United States - Equity2.45%
    United States - Fixed Income1.23%
    Mexico - Fixed Income0.74%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    EWB-2036301PR-E0222X