Mexico Fund April 2023 monthly: net assets $316.78M, NAV $21.11, discount 21%

MEXICO FUND INC

Total net assets $316.78M as of April 30, 2023; NAV per share $21.11; closing price $16.68 (discount 20.99%).
MXF NAV returned +2.12% in April; MSCI Mexico Index +2.72%; market price -0.80%.
Quarterly distribution of $0.20 per share continues under Managed Distribution Plan.
Top holdings: América Móvil 12.24%, Banorte 10.63%, FEMSA 10.12%, Wal-Mart de México 8.52%.
Fund manager cites Mexico Q1 2023 preliminary GDP growth of 3.8% annualized; company sales +6.4% YoY.

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