The Mexico Fund, Inc.

Monthly Summary Report | June 30, 2016

Description

The Mexico Fund, Inc. (the "Fund") is a non-diversified closed-end management investment company with the investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The Fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program. The Fund's shares are listed and traded on the New York Stock Exchange ("NYSE") under the symbol "MXF."

Managed Distribution Plan ("MDP")

The Board of Directors of the Fund has authorized quarterly distributions under the MDP at an annual rate of 6% of the Fund's net asset value ("NAV") per share recorded on the last business day of the previous calendar year. With each distribution, the Fund will issue a notice to stockholders and an accompanying press release, which will provide detailed information regarding the amount and composition of the distribution and other information required by the Fund's MDP exemptive order. The Fund's Board of Directors may amend or terminate the MDP at any time without prior notice to stockholders; however, at this time, there are no reasonably foreseeable circumstances that might cause the termination of the MDP. You should not draw any conclusions about the Fund's investment performance from the amount of distributions or from the terms of the Fund's MDP.

Highlights

Total Net Assets (million)¹	$282.25	Daily Average Number of Shares Traded²	25,089
NAV per share¹	$18.76	Outstanding Shares³	15,041,268
Closing price⁴	$16.73	Expense Ratio (04/30/2016)	1.88%
Premium (Discount)	-10.82%	Portfolio Turnover (04/30/2016)	7.28%

Performance⁵	Cumulative			Annualized
Performance⁵	1 Month	YTD	1 Year	3 Years	5 Years	10 Years
Market Price	1.76%	2.27%	-14.12%	-9.76%	-0.29%	5.88%
NAV per share	1.52%	0.86%	-8.07%	-5.44%	-0.25%	5.37%
MSCI Mexico Index	2.44%	1.52%	-10.97%	-5.73%	-2.08%	4.69%
Bolsa IPC Index	2.24%	1.50%	-10.48%	-5.56%	-2.62%	5.82%

These figures represent past performance. Past performance does not guarantee future results. The Fund's investment return and principal value will fluctuate so that an investor's shares, at the time of sale, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above.

¹Source: Impulsora del Fondo México, S.C. ("Impulsora").

² Source: NYSE. Figure represents average volume traded on all U.S. consolidated markets during the month.

³ During June 2016, the Fund repurchased 2,000 shares.

⁴ Source: NYSE.

⁵ Source: Impulsora. All figures take into account reinvestment of distributions.

www.themexicofund.com

The Mexico Fund, Inc.

Monthly Summary Report | June 30, 2016

Top Ten Holdings (61.13% of Net Assets)
1 América Móvil	9.57%	6 Grupo México	4.59%
2 Wal-Mart de México	8.94%	7 Alfa	4.51%
3 Fomento Económico Mexicano	8.85%	8 Grupo Aeroportuario del Centro Norte	4.20%
4 Cemex	6.57%	9 Kimberly-Clark de México	3.93%
5 Grupo Financiero Banorte	6.46%	10 Promotora y Operadora de Infraestructura	3.51%

Holdings are subject to change and are provided for informational purposes only and should not be deemed as a recommendation to buy or sell the securities shown.

Fund Manager´s Comments

Global equity markets had mixed returns during June 2016. The United Kingdom referendum regarding its membership in the European Union ("EU") was held on June 23^rd. The referendum resulted in an overall vote to leave the EU by 51.9%. The process to leave the EU is expected to take at least two years. As a result, the FTSE 100 Index decreased 10.7% during June, driven by the 8.1% depreciation of the British Pound to £1.33. The Euro Stoxx Index declined 7.0%, while gold and silver prices increased 8.8% and 17.0%, respectively, during the month.

In the U.S., the Federal Reserve decided to maintain its overnight interest rate at the current rate of between 0.25% and 0.50%. The DJIA and the S&P 500 increased 0.8% and 0.1% during the month, respectively; the U.S. 10-year Treasury note decreased 38 basis points to 1.47% and the U.S. dollar appreciated 0.3% (measured by the DXY Index⁶). The MSCI Mexico Index increased 2.4% during June and the Mexican peso appreciated 1.0% to Ps. $18.28.

In local news, the Ministry of Finance announced further public expenditure cuts for 2016 of Ps. $32 billion (0.2% of GDP) in order to strengthen Mexico´s macroeconomic fundamentals during an uncertain external environment. Public expenditure cuts for 2016 have totaled Ps. $164 billion (0.9% of GDP). On June 30^th, Mexico´s Central Bank announced an increase in its overnight interest rate of 50 basis points to 4.25%. Lastly, the International Monetary Fund renewed its Flexible Credit Line ("FCL") to Mexico on a new two year agreement, increasing the amount of the FCL to $88 billion (from $67 billion).

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.

Important Risk Disclosure

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. Investors should consider their investment goals, time horizons and risk tolerance before investing in the Fund. An investment in the Fund is not appropriate for all investors, and the Fund is not intended to be a complete investment program. Investors should carefully review and consider the Fund's investment objective, risks, charges and expenses before investing.

⁶DXY Index computes the value of the U.S. dollar relative to a basket of foreign currencies.

Maryland	811-02409	13 306 9854
(State or other	(Commission	(I.R.S. Employer
jurisdiction	File Number)	Identification No.)
of incorporation)

		Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

		Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

		Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

		Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01		Regulation FD Disclosure

Pursuant to Regulation FD Rules 100-103, The Mexico Fund, Inc. (the "Fund") furnishes the Monthly Summary Report of the Fund's Investment Adviser.

Item 9.01		Financial Statements and Exhibits

	(d)	Exhibits

	The following exhibit is filed as part of this report:

	The Mexico Fund, Inc.


Date: July 8, 2016	By:	/s/ Douglas P. Dick
		Douglas P. Dick
		Assistant Secretary