附件99(i)
Description
墨西哥基金公司（「基金」）是一家非多元化的封閉式管理投資公司，其投資目標是通過投資於墨西哥股票交易所上市的證券，主要是股票，實現長期資本增值。該基金爲希望通過管理的非多元化投資組合投資於墨西哥公司的投資者提供了一個工具，作爲其整體投資計劃的一部分。該基金的股票在紐約證券交易所（「NYSE」）以「MXF」爲代碼進行上市和交易。
管理分配計劃（「MDP」）
基金董事會已經批准根據MDP每股0.22美元的季度分配。每次分配，基金將向股東發出通知並附帶新聞發佈，其中將提供有關分配金額和組成以及基金MDP豁免命令要求的其他信息的詳細信息。基金董事會可在任何時候修改或終止MDP，而無需事先通知股東。投資者不應根據分配金額或基金MDP的條款得出關於基金投資業績的結論。
亮點
| 總淨資產（百萬美元）1 | $260.18 | 每日平均交易股數2 | 72,144 |
| 每股資產淨值1 | $17.61 | 尚未處理的股票。3 | 14,771,862 |
| 收盤價2 | $14.01 | 費用率 (4/30/2024) | 1.34% |
| 折扣 | 20.44% | 投資組合換手率 (4/30/2024) | 6.33% |
| Performance1 | 外幣折算差額(2) | 年化的 | |||||
| 1個月 | 年累計銷售量 | 1年 | 3年 | 5年 | 投資10年後的餘額 | 15年 | |
| MXF市場價格 | -5.69% | -22.52% | -2.10% | 2.87% | 5.24% | -1.10% | 4.74% |
| MXF資產淨值 | -5.47% | -21.90% | -3.14% | 4.58% | 6.48% | 0.45% | 4.70% |
| MSCI墨西哥指數 | -4.57% | -22.42% | -2.14% | 4.42% | 5.75% | -0.40% | 3.30% |
這些數字代表過往表現。過往表現不預示未來結果。基金的投資回報和本金價值會波動，因此投資者的股份在出售時可能會比原始成本更高或更低。當前表現可能低於或高於上述表現。
| 1 | 來源：Impulsora del Fondo México, S.C.的表現數據考慮了分配再投資。 | |
| 2 | 來源：紐交所。股票交易量數據表示在美國一攬子市場中平均成交量。 | |
| 3 | 2024年10月，基金未回購任何股份。 | |
| 前十大持倉（淨資產的67.04%） | |||
| 1 墨西哥Banorte金融集團 | 11.76% | 6 西麥斯 | 4.25% |
| 2 墨西哥FEMSA經濟促進會 | 11.55% | 7 葛蘭瑪 | 3.98% |
| 3 墨西哥集團墨西哥 | 11.25% | 8 Centro Norte機場集團 | 3.54% |
| 4 墨西哥沃爾瑪 | 8.44% | 9 墨西哥金佰利集團 | 3.42% |
| 5 阿美移動 | 5.46% | 10 Sureste機場集團 | 3.39% |
持有的股票可能會有變化，僅供信息目的，不應被視爲買入或賣出所示證券的建議。
基金經理評論
全球股票市場在2024年10月出現負回報。MSCI世界指數和MSCI新興市場指數分別在該月下降了2.0%和4.4%。 在貨幣政策方面，歐洲央行將其主要再融資利率降低了25個點子至3.40%，而聯儲局和英格蘭銀行在2024年10月沒有貨幣政策會議。道瓊斯指數和標普500指數分別下降了1.3%和1.0%，而10年期國債收益率上升了50個點子至4.28%，美元升值了3.2%（以DXY指數衡量）。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 $350億, 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.
重要的風險披露
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. 投資者在投資基金之前應考慮其投資目標、投資時間段和風險承受能力。基金的投資並不適合所有投資者，也並非旨在成爲完整的投資計劃。投資者在投資前應仔細審查和考慮基金的投資目標、風險、費用和支出。
| 4 | DXY指數 計算美元相對於一籃子外匯的價值。 | |
| 5 | 初步GDP數據的數字已進行季節調整。 | |