Maryland
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811-02409
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13 306 9854
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(State or other
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(Commission
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(I.R.S. Employer
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jurisdiction
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File Number)
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Identification No.)
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of incorporation)
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¨
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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¨
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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¨
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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¨
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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The Mexico Fund, Inc.
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||
Date: August 7, 2013 | By: |
/s/ Sander M. Bieber
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Sander M. Bieber
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Assistant Secretary
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I. The Mexico Fund Data
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End of Month
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One Month Earlier
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One Year Earlier
|
Total Net Assets1 (million US$)
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$406.97
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$400.43
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$366.24
|
NAV per share
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$29.93
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$29.74
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$27.41
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Closing price NYSE2
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$30.00
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$30.78
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$25.23
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% Premium (Discount)
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0.23%
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3.50%
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(7.94%)
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Shares traded per month2 (composite figures)
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983,513
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1,145,204
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673,136
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Outstanding shares3
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13,597,746
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13,465,757
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13,362,856
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Shares on Short Interest Position2
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69,640
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127,339
|
15,240
|
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Note: Past performance is no guarantee of future results.
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II. Performance4
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1 Month
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3 Months
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6 Months
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1 Year
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Market price
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0.01%
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-13.94%
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-2.66%
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30.38%
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NAV per share
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3.26%
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-5.91%
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-2.83%
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19.42%
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Bolsa Index
|
2.10%
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-7.91%
|
-9.97%
|
5.03%
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MSCI Mexico Index
|
1.74%
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-7.53%
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-9.13%
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5.75%
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2 Years
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3 Years
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5 Years
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10 Years
|
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Market price
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37.39%
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73.55%
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74.69%
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505.42%
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NAV per share
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22.47%
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49.86%
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41.28%
|
445.25%
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Bolsa Index
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4.56%
|
25.54%
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17.04%
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358.96%
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MSCI Mexico Index
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7.28%
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29.00%
|
20.30%
|
301.13%
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III. The Mexican Stock Exchange
|
End of Month
|
One Month Earlier
|
One Year Earlier
|
Bolsa Index5
|
40,837.88
|
40,623.30
|
40,704.28
|
Daily avg. of million shares traded
|
314.4
|
449.2
|
280.4
|
Valuation Ratios6: P/E
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19.21
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20.30
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19.31
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P/BV
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2.90
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2.96
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3.25
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EV/EBITDA
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9.64
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9.46
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9.02
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Market capitalization (billion US$)
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$571.20
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$563.64
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$512.38
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IV. The Mexican Economy.
|
|||
End of Month
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One Month Earlier
|
One Year Earlier
|
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Treasury Bills7
|
|||
One month
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3.85%
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3.78%
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4.15%
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Six months
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3.98%
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3.91%
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4.51%
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One year
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4.00%
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4.08%
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4.58%
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Long-term Bonds
|
|||
Three years
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4.69%
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4.35%
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4.71%
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Five years
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N.A.
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4.70%
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N.A.
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Ten years
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N.A.
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6.20%
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5.12%
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20 years
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6.62%
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N.A.
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N.A.
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30 years
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6.75%
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6.71%
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6.22
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Currency Market8
|
|||
Exchange Rate (Ps/US$)
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Ps. 12.7320
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Ps. 12.9308
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Ps. 13.3291
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Month
|
Year to Date
|
Last 12 Months
|
|
Inflation Rates on Previous Month
|
|||
Consumer Price Index9 (CPI)
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-0.33%
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1.37%
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4.63%
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Percent of
|
|||||
Shares Held
|
COMMON STOCK - 90.92%
|
Value
|
Net Assets
|
||
Airports
|
|||||
700,000
|
Grupo Aeroportuario del Sureste, S.A.B. de C.V. Series B
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$8,328,307
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2.05%
|
||
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Beverages
|
||||
1,500,000
|
Arca Continental, S.A.B. de C.V.
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11,270,028
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2.77
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||
2,900,000
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Fomento Económico Mexicano, S.A.B. de C.V. Series UBD
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29,013,666
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7.13
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||
2,215,000
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Organización Cultiba, S.A.B. de C.V. Series B
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5,975,907
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1.47
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46,259,601
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11.37
|
||||
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Building Materials
|
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26,020,800
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Cemex, S.A.B. de C.V. Series CPO
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30,083,740
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7.39
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Chemical Products
|
||||
3,650,000
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Alpek, S.A.B. de C.V. Series A
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8,290,763
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2.04
|
||
3,190,000
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Mexichem, S.A.B. de C.V.
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14,975,361
|
3.68
|
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23,266,124
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5.72
|
||||
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Construction and Infrastructure
|
||||
2,300,000
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Empresas ICA, S.A.B. de C.V.
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4,875,668
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1.20
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||
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Consumer Products
|
||||
6,000,000
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Kimberly-Clark de México, S.A.B. de C.V. Series A
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19,792,648
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4.86
|
||
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Energy
|
||||
1,200,000
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Infraestructura Energética Nova, S.A.B de C.V.
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4,766,258
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1.17
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||
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Financial Groups
|
||||
1,200,000
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Banregio Grupo Financiero, S.A.B. de C.V. Series O
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7,295,005
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1.79
|
||
4,649,930
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Grupo Financiero Banorte, S.A.B. de C.V. Series O
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29,637,278
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7.28
|
||
3,954,000
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Grupo Financiero Santander Mexicano, S.A.B de C.V. Series B
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11,502,997
|
2.83
|
||
48,435,280
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11.90
|
||||
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Food
|
||||
3,000,000
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Grupo Bimbo, S.A.B. de C.V. Series A
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10,179,076
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2.50
|
||
1,000,000
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Grupo Herdez, S.A.B. de C.V.
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3,225,730
|
0.79
|
||
13,404,806
|
3.29
|
||||
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Holding Companies
|
||||
10,500,000
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Alfa, S.A.B. de C.V. Series A
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27,041,706
|
6.64
|
||
1,620,000
|
Grupo Carso, S.A.B. de C.V. Series A1
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8,091,093
|
1.99
|
||
1,000,000
|
KUO, S.A.B. de C.V. Series B
|
2,113,572
|
0.52
|
||
37,246,371
|
9.15
|
Shares Held
|
COMMON STOCK - 90.92%
|
Value
|
Net Assets
|
||
Media
|
|||||
3,042,000
|
Grupo Televisa, S.A.B. Series CPO
|
16,502,587
|
4.05
|
||
|
Mining
|
||||
6,750,000
|
Grupo México, S.A.B. de C.V. Series B
|
20,861,805
|
5.13
|
||
|
Restaurants
|
||||
2,700,000
|
Alsea, S.A.B. de C.V.
|
7,401,037
|
1.82
|
||
|
Retail
|
||||
1,500,000
|
El Puerto de Liverpool, S.A.B. de C.V. Series C-1
|
17,359,802
|
4.27
|
||
2,740,000
|
Grupo Comercial Chedraui, S.A.B. de C.V. Series B
|
8,913,823
|
2.19
|
||
8,100,000
|
Wal-Mart de México, S.A.B. de C.V. Series V
|
22,234,920
|
5.46
|
||
48,508,545
|
11.92
|
||||
|
Stock Exchange
|
||||
3,200,000
|
Bolsa Mexicana de Valores, S.A.B. de C.V. Series A
|
8,610,745
|
2.12
|
||
|
Telecommunications Services
|
||||
30,000,000
|
América Móvil, S.A.B. de C.V. Series L
|
31,668,238
|
7.78
|
||
Total Common Stock
|
$370,011,760
|
90.92%
|
REAL ESTATE INVESTMENT TRUSTS – 3.31%
|
|||||
1,750,000
|
Fibra Shop Portafolios Inmobiliarios, S.A.P.I. de C.V. Series 13
|
2,398,484
|
0.59
|
||
3,985,000
|
Macquaire México Real Estate Management S.A. de C.V. Series 12
|
8,062,645
|
1.98
|
||
1,432,327
|
PLA Administradora Industrial, S. de R.L. de C.V. Series 13
|
2,996,952
|
0.74
|
||
$13,458,081
|
3.31
|
||||
Total Equity Securities
|
$383,469,841
|
94.23%
|
Securities
|
SHORT-TERM SECURITIES – 5.68%
|
||||
Principal
Amount
|
|||||
Repurchase Agreements
|
|||||
$15,793,404
|
BBVA Bancomer, S.A., 3.94%, dated 07/31/13, due 08/01/13 repurchase price $15,795,132 collateralized by Bonos del Gobierno Federal.
|
$15,793,404
|
3.88%
|
||
Time Deposits
|
|||||
7,339,962
|
Comerica Bank, 0.03%, dated 07/31/13, due 08/01/13
|
7,339,962
|
1.80
|
||
Total Short-Term Securities
|
23,133,366
|
5.68
|
|||
Total Investments
|
406,603,207
|
99.91
|
|||
Other Assets in Excess of Liabilities
|
368,835
|
0.09
|
|||
Net Assets Equivalent to $29.93 per share on 13,597,746 shares of capital stock outstanding
|
$406,972,042
|
100.00%
|
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