附件99(i)
Description
墨西哥基金公司（“基金”）是一家非多元化的封闭式管理投资公司，其投资目标是通过投资于墨西哥股票交易所上市的证券，主要是股票，实现长期资本增值。该基金为希望通过管理的非多元化投资组合投资于墨西哥公司的投资者提供了一个工具，作为其整体投资计划的一部分。该基金的股票在纽约证券交易所（“NYSE”）以“MXF”为代码进行上市和交易。
管理分配计划（“MDP”）
基金董事会已经批准根据MDP每股0.22美元的季度分配。每次分配，基金将向股东发出通知并附带新闻发布，其中将提供有关分配金额和组成以及基金MDP豁免命令要求的其他信息的详细信息。基金董事会可在任何时候修改或终止MDP，而无需事先通知股东。投资者不应根据分配金额或基金MDP的条款得出关于基金投资业绩的结论。
亮点
| 总净资产（百万美元）1 | $260.18 | 每日平均交易股数2 | 72,144 |
| 每股资产净值1 | $17.61 | 尚未处理的股票。3 | 14,771,862 |
| 收盘价2 | $14.01 | 费用率 (4/30/2024) | 1.34% |
| 折扣 | 20.44% | 投资组合换手率 (4/30/2024) | 6.33% |
| Performance1 | 外币折算差额(2) | 年化的 | |||||
| 1个月 | 年累计销售量 | 1年 | 3年 | 5年 | 投资10年后的余额 | 15年 | |
| MXF市场价格 | -5.69% | -22.52% | -2.10% | 2.87% | 5.24% | -1.10% | 4.74% |
| MXF资产净值 | -5.47% | -21.90% | -3.14% | 4.58% | 6.48% | 0.45% | 4.70% |
| MSCI墨西哥指数 | -4.57% | -22.42% | -2.14% | 4.42% | 5.75% | -0.40% | 3.30% |
这些数字代表过往表现。过往表现不预示未来结果。基金的投资回报和本金价值会波动，因此投资者的股份在出售时可能会比原始成本更高或更低。当前表现可能低于或高于上述表现。
| 1 | 来源：Impulsora del Fondo México, S.C.的表现数据考虑了分配再投资。 | |
| 2 | 来源：纽交所。股票交易量数据表示在美国一揽子市场中平均成交量。 | |
| 3 | 2024年10月，基金未回购任何股份。 | |
| 前十大持仓（净资产的67.04%） | |||
| 1 墨西哥Banorte金融集团 | 11.76% | 6 西麦斯 | 4.25% |
| 2 墨西哥FEMSA经济促进会 | 11.55% | 7 葛兰玛 | 3.98% |
| 3 墨西哥集团墨西哥 | 11.25% | 8 Centro Norte机场集团 | 3.54% |
| 4 墨西哥沃尔玛 | 8.44% | 9 墨西哥金佰利集团 | 3.42% |
| 5 阿美移动 | 5.46% | 10 Sureste机场集团 | 3.39% |
持有的股票可能会有变化，仅供信息目的，不应被视为买入或卖出所示证券的建议。
基金经理评论
全球股票市场在2024年10月出现负回报。MSCI世界指数和MSCI新兴市场指数分别在该月下降了2.0%和4.4%。 在货币政策方面，欧洲央行将其主要再融资利率降低了25个基点至3.40%，而美联储和英格兰银行在2024年10月没有货币政策会议。道琼斯指数和标普500指数分别下降了1.3%和1.0%，而10年期国债收益率上升了50个基点至4.28%，美元升值了3.2%（以DXY指数衡量）。4) during October 2024. In Mexico, the MSCI Mexico Index decreased 4.6% and the Mexican peso depreciated 1.7% during the month to Ps. $20.04, whereas the Fund’s NAV decreased 5.5%, underperforming its benchmark. Global and domestic political concerns were behind the Mexican equity market negative performance during the month.
In local news, Mexico´s preliminary GDP5 for the third quarter of 2024 reported an annual increase of 1.5%, registering twelve consecutive quarters of growth. Mexican-listed companies reported strong financial results for the third quarter of 2024, with a notable profitability margin expansion; sales and Ebitda increased 9.2% and 16.2%, respectively. The International Monetary Fund renewed Mexico´s two-year Flexible Credit Line (“FCL”) at $350亿, highlighting that it continues to qualify for the FCL by virtue of its strong fundamentals, institutional policy frameworks and Mexico’s track record of economic performance and policy implementation, while Mexican authorities stated their intention to continue to treat the arrangement as precautionary.
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.
重要的风险披露
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. 投资者在投资基金之前应考虑其投资目标、投资时间段和风险承受能力。基金的投资并不适合所有投资者，也并非旨在成为完整的投资计划。投资者在投资前应仔细审查和考虑基金的投资目标、风险、费用和支出。
| 4 | DXY指数 计算美元相对于一篮子外汇的价值。 | |
| 5 | 初步GDP数据的数字已进行季节调整。 | |