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what it is
It is a closed-end fund that buys Mexican company stocks for long-term price gains.
how it gets paid
Last year Mexico Fund made n/a in revenue. Consumer staples was the main engine at n/a, or 21% of sales.
what just happened
Quarterly revenue and EPS were not provided, so there is no clean beat or miss to score.
At a glance
31.7x trailing p/e — you're paying up for this one
6.0% dividend yield — cash in your pocket every quarter
$0.70 fy2027 eps est
0.95 beta
~$325M market cap
xvary composite: 35/100 — weak
What they do
It is a closed-end fund that buys Mexican company stocks for long-term price gains.
You own a basket that was 97% in equities on 10/31/25. That means your money is tied to Mexico stocks, not to a manager's promises. Closed-end fund → fixed pool of shares → so what: the market can price you above or below the portfolio.
How they make money
n/a
annual revenue
Consumer retail
n/a
Consumer staples
n/a
Materials and mining
n/a
Financials
n/a
Infrastructure
n/a
Other and cash
n/a
The products that matter
largest visible sector exposure
beverages
~13% of portfolio exposure
this is one of the biggest visible buckets at about 13%, which makes consumer demand in mexico matter more than you might expect from a fund this size.
~13% weight
cyclical commodity exposure
mining
~13% of portfolio exposure
another ~13% sits in mining, which adds commodity sensitivity to what might otherwise look like a pure domestic consumption bet.
cyclical weight
banking and credit exposure
financials
~12% of portfolio exposure
financials are about 12% of the mix. if credit conditions tighten or loan growth slows, you feel it through this bucket.
~12% weight
Key numbers
$28
target price
That is $6.47 above $21.53, or 28% upside from here.
6.0%
yield
You get cash while you wait, and 6.0% is a big cushion against a slow market.
31.7x
trailing p/e
You are paying 31.7 times trailing earnings, which is rich for a fund built on public stocks.
0.95
beta
A 0.95 beta means it has moved a hair less than the market, not a lot less.
Financial health
n/a
strength
- balance sheet grade n/a — not on this snapshot
- risk rank n/a
- price stability n/a
health data not available.
Total return vs. market
You invested $10,000 in MXF 3 years ago → it's now worth $15,230.
The index would have given you $13,880.
source: institutional data · total return
What just happened
missed estimates
Quarterly revenue and EPS were not provided, so there is no clean beat or miss to score.
EDGAR does not show hard quarterly revenue or EPS figures in the source bundle. That leaves you with portfolio data and distribution data, not a normal operating quarter.
n/a
n/a
n/a
n/a
n/a
n/a
missing quarter
The most important number is missing because this is a fund, not an operating company with clean quarterly sales.
-
the mexico fund remains on a roll.
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fiscal 2025 was one of the fund’s best years in the past two decades, with returns based on net asset value (nav) exceeding 30%. (year ends on october 31st.) moreover, a sharp contraction in the discount to nav helped to push share-price returns north of 45%.on the downside, the fund’s underweighting in some of mexico’s better performing equities, including industrias penoles (mining), america movil (telecom services), and cemex (building materials), caused nav-based returns to lag behind the broader mexican market.
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since the start of fiscal 2026, the discount has expanded slightly, but this was more than offset during the january quarter by a 12% increase in nav.
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the fund is returning more cash to shareholders.
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last month, the quarterly distribution was hiked 40%, to $0.35 a share.this represents the second increase in the payout in less than a year, and follows last summer’s news that saba capital had established a sizable stake in the fund. saba is a prominent investor in closed end funds and has a history of pursuing an activist approach to reduce the discount to nav.
source: EDGAR filing, 2026
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What could go wrong
the #1 risk here is mexico market exposure packed inside a small closed-end fund. if mexican equities stumble, there is no operating business underneath to bail you out.
high
Mexico stocks slide
This fund lives and dies with Mexican equities. As of 10/31/25, 97% of assets were in stocks, so a bad tape hits almost everything at once.
A 10% drop in the portfolio can erase about $32.5M of value on a $325M fund.
med
Discount widens
You own the portfolio through a market price that can drift away from net asset value. When the gap widens, you wait longer for the holdings to matter.
A 1-point wider discount is about $3.25M on a $325M fund.
low
Payout slips
The fund announced a $0.35 distribution on January 29, 2026. If that cash drops, the yield story gets weaker fast.
A $0.05 cut would trim the payout by 14% per share.
the risk stack is straightforward: a 6.0% yield helps, but you are still paying 31.7x earnings for exposure to one country while institutions have sold for 3 straight quarters.
source: institutional data · regulatory filings · risk analysis
Pay attention to
flow
whether institutional selling finally stops
three straight quarters of net selling is the cleanest sentiment signal on the page. one quarter is noise. four starts to look like a trend with teeth.
valuation
whether the p/e stays near 31.7x
if the multiple stays rich, the market is saying the yield and mexico exposure still deserve a premium. if it slips, the stock can go nowhere even with the dividend.
portfolio mix
sector concentration in the top buckets
beverages and mining are each about 13%, with financials at about 12%. that mix tells you what kind of mexico bet you actually own.
distribution
whether the 6.0% yield keeps doing the heavy lifting
income is a big part of the case here. if price momentum cools, the yield has to justify staying involved.
Analyst rankings
risk profile
below average
risk rank 4 — more volatile than most — brace for bigger swings.
source: institutional data
Institutional activity
institutions have been net selling for 3 consecutive quarters — 12 buyers vs. 15 sellers in 3q2025. total institutional holdings: 8.3M shares. net selling for 3 quarters.
source: institutional data
Price targets
3-5 year target range
$20
$35
$22
current price
$28
target midpoint · +28% from current · 3-5yr high: $35 (+65% · 12% ann'l return)
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