MXF 8-K
Mexico Fund Inc (MXF)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure
Pursuant to Regulation FD Rules 100-103, The Mexico Fund, Inc. (the “Fund”) furnishes the Monthly Summary Report of the Fund’s Investment Adviser.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
The following exhibit is filed as part of this report:
(i) July 2026 Monthly Summary Report
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| The Mexico Fund, Inc. | |||
Date: August 7, 2026 | |||
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| By: | /s/ Tofi Dayan | ||
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| Tofi Dayan | |
| Treasurer | |||
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EXHIBIT 99.(i)
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| 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.
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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.
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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.
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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.
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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.
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