-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
MRs4NHoXSyiceZjCdPccKU5BOAvTH0n6rGX+yrQYy5MuLigEsav2kMiVxAH3H6q1
q/SQZH2LFiT8ElxRurM2HQ==
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY INVESTMENT COMPANY Investment Company Act file number 811-03170 THE MEXICO FUND, INC. (Exact name of Registrant as specified in charter) 1775 I Street, NW, Suite 1100 Washington, DC 20006 Sander M. Bieber Dechert LLP 1775 I Street, NW, Suite 1100 Washington, DC 20006 (Name and Address of Agent for Service) Registrant's telephone number, including area code: (202) 261-7941 Date of fiscal year end: October 31 Date of reporting period: July 31, 2007 Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (Sections 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. Section 3507. Item 1. Schedule of Investments The Mexico Fund, Inc. Schedule of Investments as of July 31, 2007 (Unaudited) Percent Shares Held Common Stock (98.47%) Series Value (Note 1) of Net Assets Cement Industry 10,563,549 Cemex, S.A.B. de C.V. CPO $ 34,289,265 3.43% 5,576,400 Grupo Cementos de Chihuahua, S.A.B. de C.V. * 42,147,180 4.22 -------------- ------- 76,436,445 7.65 Communications 13,156,400 América Móvil, S.A.B. de C.V. A 39,057,555 3.91 61,759,866 América Móvil, S.A.B. de C.V. L 184,873,227 18.50 8,352,700 (a) Axtel, S.A.B. de C.V. CPO 61,166,350 6.12 4,758,700 Grupo Televisa, S.A.B. CPO 24,195,672 2.42 8,767,100 Teléfonos de México, S.A.B. de C.V. A 15,243,921 1.53 --------------- ------- 324,536,725 32.48 Construction 9,126,900 (a) Carso Infraestructura y Construcción, S.A de C.V. B-1 10,632,584 1.06 8,142,533 (a) Empresas ICA, S.A.B. de C.V. * 51,847,890 5.19 -------------- ------- 62,480,474 6.25 Consumer Products 4,786,980 Kimberly-Clark de México, S.A.B. de C.V. A 19,065,036 1.91 Financial Groups 9,317,500 Grupo Financiero Banorte, S.A.B. de C.V. O 42,327,080 4.24 Food and Beverages 3,106,000 Gruma, S.A.B. de C.V. B 11,500,440 1.15 2,719,500 Grupo Bimbo, S.A.B. de C.V. A 15,275,769 1.53 -------------- ------- 26,776,209 2.68 Holding Companies 2,789,400 Alfa, S.A.B. de C.V. A 19,272,803 1.93 7,025,024 Mexichem, S.A.B. de C.V. * 23,928,271 2.40 2,278,000 Verzatec, S.A.B. de C.V. * 1,563,515 0.16 -------------- ------- 44,764,589 4.49 Housing 8,379,800 Consorcio ARA, S.A.B. de C.V. * 12,392,592 1.24 3,202,600 (a) Corporación Geo, S.A.B. de C.V. B 17,649,426 1.77 8,320,900 (a) Dine, S.A.B. de C.V. B 8,863,605 0.89 7,724,582 (a) Sare Holding, S.A.B. de C.V. B 13,431,228 1.34 13,132,600 (a) Urbi Desarrollos Urbanos, S.A.B. de C.V. * 55,788,282 5.58 --------------- ------- 108,125,133 10.82 Mining Industry 8,259,853 Grupo México, S.A.B. de C.V. B 58,415,294 5.85 Retail Firms 10,571,128 Alsea, S.A.B. de C.V. * 18,109,827 1.81 1,383,941 (a) Dermet, S.A.B. de C.V B 658,579 0.07 3,031,100 (a) Grupo Famsa, S.A.B. de C.V. A 14,257,734 1.43 9,449,700 Organización Soriana, S.A.B. de C.V. B 32,178,428 3.22 12,232,793 Wal-Mart de México, S.A.B. de C.V. V 44,700,468 4.47 --------------- ------- 109,905,036 11.00 Service 4,757,048 Grupo Aeroportuario del Centro Norte, S.A.B de C.V B 15,807,053 1.58 5,680,000 Grupo Aeroportuario del Pacífico, S.A.B. de C.V. B 27,720,883 2.78 2,347,200 Grupo Aeroportuario del Sureste, S.A.B. de C.V. B 12,379,008 1.24 3,314,000 (a) Promotora Ambiental, S.A.B. de C.V. B 9,398,558 0.94 ------------- ------- 65,305,502 6.54 Steel 4,935,500 (a) Industrias CH, S.A.B. de C.V. B 21,910,363 2.19 984,800 Tenaris, S.A. * 23,718,546 2.37 ------------- ------- 45,628,909 4.56 Total Common Stock $ 983,766,432 98.47% Principal Value Percent of Net Securities Amount Short-Term Securities (1.92%) (Note 1) Assets Repurchase Agreements BBVA Bancomer, S.A., 7.15%, dated 07/31/07, due 08/01/07 repurchase price $15,372,632 collateralized by Bonos del Gobierno Federal. Value of collateral $15,625,542 $15,369,579 1.54% U.S. Government $3,839,000 U.S. Treasury Bill, 0%, due 08/23/07 3,827,953 0.38 ---------------- ---------- Total Short-Term Securities (Identified cost - $19,197,532) $ 19,197,532 1.92% --------------- --------- Total Investments (Identified cost - $511,915,806) 1,002,963,964 100.39 Liabilities in Excess of Other Assets (3,897,166) (0.39) --------------- ---------- Net Assets Equivalent to $49.88 per share on 20,027,631 shares of capital stock outstanding $ 999,066,798 100.00% ========== ======= -------------- (a) Shares of these securities are currently non-income producing. Equity
(Address of principal executive offices) (Zip code)
within the last twelve months are considered to be non-income producing.
Item 2. Controls and Procedures.
(a) Based on an evaluation of Registrant's Disclosure Controls and Procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) (the "Disclosure Controls"), as of a date within 90 days prior to the filing date (the "Filing Date") of this Form N-Q (the "Report"), the Registrant's Principal Executive Officer and Principal Financial Officer have concluded that the Disclosure Controls are effectively designed to ensure that information required to be disclosed by the Registrant in the Report is recorded, processed, summarized and reported by the Filing Date, including ensuring that information required to be disclosed in the Report is accumulated and communicated to the Registrant's management, including the Registrant's Principal Executive Officer and Principal Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.
(b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the Registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.
Item 3. Exhibits.
Filed as exhibits herewith are separate certifications for Registrant's Principal Executive Officer and Principal Financial Officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
By: |
/s/ José Luis Gómez Pimienta |
José Luis Gómez Pimienta |
|
President and Principal Executive Officer |
|
September 20, 2007 |
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.
By: |
/s/ José Luis Gómez Pimienta |
José Luis Gómez Pimienta |
|
President and Principal Executive Officer |
|
September 20, 2007 |
|
By: |
/s/ Alberto Osorio |
Alberto Osorio |
|
Treasurer and Principal Financial Officer |
|
September 20, 2007 |
Ex 99.CERT
I,
José Luis Gómez Pimienta, certify that:
I. |
I have reviewed this report on Form N-Q of THE MEXICO FUND, INC.; |
||
II. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
||
III. |
Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; |
||
IV. |
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
||
A. |
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
||
B. |
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
||
C. |
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and |
||
D. |
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and |
||
V. |
The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): |
||
A. |
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and |
||
B. |
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. |
Date: September 20, 2007 |
|
/s/ José Luis Gómez Pimienta |
|
José Luis Gómez Pimienta |
|
President and Principal Executive Officer |
I, Alberto Osorio, certify that:
I. |
I have reviewed this report on Form N-Q of THE MEXICO FUND, INC.; |
||
II. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; |
||
III. |
Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; |
||
IV. |
The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
||
A. |
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; |
||
B. |
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; |
||
C. |
Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and |
||
D. |
Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and |
||
V. |
The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): |
||
A. |
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and |
||
B. |
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. |
Date: September 20, 2007 |
|
/s/ Alberto Osorio
|
|
Alberto Osorio |
|
Treasurer and Principal Financial Officer |