MXF - Mexico Fund

What this means for you

Saba has told the regulator it may push for changes at this fund. That usually means asking the fund to buy back shares at close to the full value of its holdings, to change who runs it, or to close down and pay holders out.

Nothing is required of you now. If the fund itself announces a buy-back or a vote, it appears in the box above with the date by which you would need to act.

Large investors can also sell down and walk away. We show every notice they file, the day it is filed.

Email me if this changes

What happened, and when

1. Sept 8, 2026

   The fund set its payout at $0.35 a share each quarter.

   Original document →

2. Aug 7, 2026

   The fund set its payout at $0.35 a share each quarter.

   Original document →

3. July 8, 2026

   The fund set its payout at $0.35 a share each quarter.

   Original document →

4. June 16, 2026

   Saba raised its stake to 15.5% (from 14.3%). It has said it may push for changes.

   Original document →

5. June 5, 2026

   The fund set its payout at $0.35 a share each quarter.

   Original document →

About this fund

• Run by Impulsora del Fondo Mexico. At its last yearly report (Oct 31, 2025) the fund was run by Impulsora Del Fondo Mexico Sc. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Size: about $355 million of holdings, as of April 30, 2026. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund does not borrow. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 0.8% a year in management fees; 1.4% a year in total, including interest on borrowed money. Fiscal year ended Oct 31, 2025. As of Oct 31, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year (ended Oct 31, 2025) the fund paid $0.94 a share. $0.73 of that was income; $0.20 came from gains; $0.01 was your own money back, not income. As of Oct 31, 2025, from the fund's annual report. Original document →
• Value of holdings per share at the last fiscal year end (Oct 31, 2025): $22.02. The shares traded at $19.39, about 11.9% below that. As of Oct 31, 2025, from the fund's yearly report. Original document →
• How the holdings did: up 1.6% over the last three months we have (Feb-April 2026), before the share price is taken into account. Over the last 12 months: +33.4%. As of April 30, 2026, from the fund's quarterly holdings report. Original document →
• How the share price did: the shares returned +46.5% over the last fiscal year (ended Oct 31, 2025), counting payouts and the change in the market price. As of Oct 31, 2025, from the fund's annual report. Original document →
• First reported to the regulator in 1995.

What the fund holds

Mostly shares (97%), the rest cash and short-term holdings. About 1% issued in the U.S.

1. Grupo Mexico, S.A.B. de C.V. (b), Common Stock - 14.9%
2. Fomento Economico Mexicano, S.A.B. de C.V., Common Stock - 10.6%
3. Grupo Financiero Banorte, S.A.B. de C.V., Common Stock - 10.4%
4. Cemex, S.A.B. de C.V., Common Stock - 6.6%
5. Wal-Mart de Mexico, S.A.B. de C.V., Common Stock - 6.2%
6. America Movil, S.A.B. de C.V. (b), Common Stock - 4.9%
7. Grupo Aeroportuario del Pacifico, S.A.B. de C.V., Common Stock - 4.2%
8. GCC, S.A.B. de C.V., Common Stock - 3.3%
9. Grupo Aeroportuario del Sureste, S.A.B. de C.V., Common Stock - 3.3%
10. Arca Continental, S.A.B. de C.V., Common Stock - 3.2%

As of April 30, 2026, from the fund's quarterly holdings report. Original document →