Mexico Fund reports NAV $17.61, discount 19.65%; YTD NAV +6.3%, 1-yr -16.5%

MEXICO FUND INC

Monthly NAV per share $17.61, market price $14.15; 1-month NAV +0.95%, market +2.98%.
Fund repurchased 68,902 shares in Feb 2025; quarterly MDP stays at $0.22/share.
Top holdings: Banorte 12.12%, FEMSA 11.38%, Grupo México 9.38%, Walmart de México 9.10%.
Banxico cut rates 50bps to 9.50%; U.S. imposed 25% tariff on Mexico effective Mar 4, 2025.
Net assets $255.77M; expense ratio 1.35%; portfolio turnover 13.72% (as of Oct 2024).

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