Mexico Equity & Income:MXE

    Manage Alerts

    Overview

    As of 7/10/2020

     Share
    Price
    NAVPremium/
    Discount
    Current$7.76$8.82-12.02%
    52 Wk Avg$9.76$10.59-8.12%
    52 Wk High$12.53$13.16-1.94%
    52 Wk Low$5.89$7.20-18.76%
    Regular Distribution TypeIncome Only
    Distribution Rate1.55%
    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 7/10/2020

    Total Investment Exposure:$45.613M
    Total Common Assets:$45.613M
    Common Shares Outstanding:5,171,598
    Annual Expense Ratios

    As of 7/31/2019

      Per Common Share
    Management Fees1.14%
    Other Expenses:0.95%
    Baseline Expense: N/A
    Interest Expense:N/A
    Total: 2.09%
    Fund Management

    Fund Sponsor
    Pichardo Asset Management SA De CV

    Portfolio Managers
    Phillip Goldstein, Maru Eugenia Pichardo

    Basics
    Category: Equity-Emerging Market Equity
    Ticker: MXE
    NAV Ticker: XMXEX
    Average Daily Volume (shares): 5,481
    Average Daily Volume (USD): $0.058M
    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 7/10/2020

    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 1/31/2020
    $0.0091
    Annualized Distribution Rate on NAV:
    As of 7/10/2020
    1.36%
    Total Return on NAV (12 months):
    As of 7/10/2020
    -23.42%
    Avg. Portfolio Coupon:
    As of 7/10/2020
    7.30%
    Total % Portfolio Effectively Leveraged:
    As of 7/10/2020
    0.00%

    Pricing Information

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

    As of 7/10/2020

    PeriodAvg Discount
    6 Month-9.77%
    1 Year-8.12%
    3 Year-9.96%
    5 Year-11.29%
    Z-Score

    As of 7/10/2020

    PeriodZStat
    3 Month-0.32
    6 Month-0.67
    1 Year-1.25
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 6/30/2020
    Category: Morningstar US CEF Emerging Market Equity

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD-33.88%-26.75%-22.52%-18.79%
    201916.37%8.48%22.09%17.32%
    20180.62%-3.48%-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%
    2014-4.56%-4.17%-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%78.32%74.42%
    2008-48.91%-52.89%-58.20%-56.10%
    200734.64%25.28%  
    200665.78%50.44%  
    200534.76%50.11%  
    200466.57%55.58%  
    200336.03%40.00%  
    2002-18.50%-13.51%  
    200118.73%9.48%  
    2000-5.82%-14.32%  
    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 6/30/2020
    Category: Morningstar US CEF Emerging Market Equity

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 7/10/2020
    7.30%
    Number of Holdings:
    As of 3/31/2020
    31
    Annual Portfolio Turnover:
    As of 7/31/2019
    233.24%
    Asset Allocation

    As of 3/31/2020 reported by Fund Sponsor

    Top Sectors

    As of 3/31/2020 reported by Fund Sponsor

    Sector%Portfolio
    Cyclical (Super Sector)33.83%
    Basic Materials17.53%
    Defensive (Super Sector)17.06%
    Sensitive (Super Sector)14.58%
    Cash Equivalents (Super Sector)11.89%
    Cash Equivalents11.89%
    Consumer Defensive10.17%
    Corporate (Super Sector)8.64%
    Corporate Bond8.64%
    Industrials7.92%
    Top Holdings

    As of 3/31/2020 reported by Fund Sponsor

    HoldingValue% Portfolio
    Coca-Cola FEMSA SAB de CV 7.35%$1.21M8.64%
    Hsbc Discovery Mexico$1.20M8.57%
    Infraestructura Energetica Nova SAB de CV$0.97M6.89%
    America Movil SAB de CV Class L$0.94M6.66%
    Promotora Y Operadora de Infraestructura SAB de CV Class L$0.81M5.78%
    Orbia Advance Corp SAB de CV$0.75M5.31%
    SCOTIAG E1$0.71M5.03%
    GMecxico Transportes SA de CV$0.67M4.74%
    Grupe SAB de CV$0.55M3.91%
    Fomento Economico Mexicano SAB de CV Units (1 Series B, 4 Series D)$0.53M3.80%
    Maturity Breakdown

    As of 3/31/2020 reported by Fund Sponsor

    Country Allocation

    As of 3/31/2020 reported by Fund Sponsor

    Country% Portfolio
    Mexico - Equity65.47%
    Mexico - Fixed Income14.07%

    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-1014244PR-E1119W