Mexico Equity & Income:MXE

    Manage Alerts

    Overview

    As of 5/8/2025

     Share
    Price    		NAVPremium/
    Discount
    Current$9.66$12.80-24.53%
    52 Wk Avg$9.09$12.34-26.22%
    52 Wk High$11.33$15.45-23.23%
    52 Wk Low$7.96$10.74-29.00%
    Regular Distribution Type†Income Only
    Distribution Rate3.09%
    Distribution Amount$0.2981
    Distribution FrequencyAnnually
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund’s investment objective is to seek high total return through capital appreciation and current income. The Fund pursues its objective primarily by investing, under normal circumstances, at least 80% of the Fund’s assets in equity and convertible securities issued by Mexican companies and debt securities of Mexican issuers.

    Capital Structure

    As of 5/8/2025

    Total Investment Exposure:$56.323M
    Total Common Assets:$56.323M
    Common Shares Outstanding:4,400,209
    Annual Expense Ratios

    As of 7/31/2024

      Per Common Share
    Management Fees0.93%
    Other Expenses:0.98%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 1.91%
    Fund Management

    Fund Sponsor
    Pichardo Asset Management SA De CV

    Portfolio Managers
    David Estevez, Juan Elizalde, Maria Eugenia Pichardo

    Basics
    Category: Equity-Emerging Market Equity
    Ticker: MXE
    NAV Ticker: XMXEX
    Average Daily Volume (shares): 10,416
    Average Daily Volume (USD): $0.094M
    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 5/8/2025

    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.

    to
    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 1/31/2025    		 $0.0334
    Annualized Distribution Rate on NAV:
    As of 5/8/2025    		2.33%
    Total Return on NAV (12 months):
    As of 5/8/2025    		-12.66%
    Total % Portfolio Effectively Leveraged:
    As of 5/8/2025     		0.00%

    Pricing Information

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

    As of 5/9/2025

    PeriodAvg Discount
    6 Month-25.41%
    1 Year-26.22%
    3 Year-26.26%
    5 Year-22.50%
    Z-Score

    As of 5/8/2025

    PeriodZStat
    3 Month0.42
    6 Month1.00
    1 Year1.26
    Pricing History
     from  
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 4/30/2025
    Category: Morningstar US CEF Emerging Market Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD17.88%14.70%15.10%12.81%
    2024-25.74%-26.21%-3.43%-4.26%
    202330.97%32.95%19.95%25.31%
    2022-1.57%4.85%-25.94%-26.17%
    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%  
    2011-12.18%-13.81%  
    201048.72%42.17%  
    200922.20%33.28%  
    2008-48.91%-52.89%  
    200734.64%25.28%  
    200665.78%50.44%  
    200534.76%43.91%  
    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 4/30/2025
    Category: Morningstar US CEF Emerging Market Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Maturity:
    As of 3/31/2025    		0.01 yrs
    Number of Holdings:
    As of 3/31/2025    		29
    Annual Portfolio Turnover:
    As of 7/31/2024    		166.37%
    Asset Allocation

    As of 3/31/2025

    Top Sectors

    As of 3/31/2025

    Sector%Portfolio
    Cyclical (Super Sector)48.69%
    Consumer Defensive30.01%
    Defensive (Super Sector)30.01%
    Basic Materials21.66%
    Sensitive (Super Sector)16.54%
    Consumer Cyclical14.25%
    Communication Services10.98%
    Real Estate8.14%
    Industrials5.56%
    Financial Services4.64%
    Top Holdings

    As of 3/31/2025

    HoldingValue% Portfolio
    America Movil SAB de CV Ordinary Shares - Class B$5.22M10.29%
    Fomento Economico Mexicano SAB de CV Units Cons. Of 1 Shs-B- And 4 Shs-D-$5.02M9.89%
    Grupo Mexico SAB de CV Class B$3.97M7.82%
    Wal - Mart de Mexico SAB de CV$3.43M6.76%
    Cemex SAB de CV$3.04M5.99%
    El Puerto de Liverpool SAB de CV Series C1$2.43M4.78%
    Grupo Financiero Banorte SAB de CV Class O$2.36M4.64%
    Grupo Bimbo SAB de CV Class A$2.27M4.46%
    Corporacion Inmobiliaria Vesta SAB de CV$2.20M4.33%
    GCC SAB de CV$2.15M4.24%
    Credit Quality

    As of 3/31/2025

    Maturity Breakdown

    As of 3/31/2025

    Country Allocation

    As of 3/31/2025

    Country% Portfolio
    Mexico - Equity95.24%
    Mexico - Fixed Income0.76%

    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.

    E-2949862P-E0623W

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