In plain terms — Mexico Equity & Income Fund
Shares currently cost about 19.4% less than the value of the assets behind them (a discount).
Over the past year it has averaged a 18.0% discount, so today's level is somewhat wide for this fund (Z-score -1.3). That describes the past; it does not predict where the discount goes next.
It pays regular distributions worth about 1.8% a year of the share price (1.5% of the assets). That is a payout rate, not a return: part of it may be capital being handed back.
Because the shares trade below the value of their assets, each dollar of reinvested distributions buys about $1.24 of assets — a ReinvestCapture™ rate of 2.3%, more than the payout rate itself. That is buying power, not a return.
The assets themselves grew 16.1% over the past year including distributions (NAV total return).
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Price and NAV, past year
Snapshot
Valuation vs. history
| Window | Average prem/disc | Std. dev. | Z-score | Observations |
|---|---|---|---|---|
| 3 months | -18.51% | 1.00% | -0.91 | 64 |
| 6 months | -18.24% | 1.19% | -0.99 | 125 |
| 1 year | -18.01% | 1.09% | -1.29 | 248 |
| 3 years | -22.76% | — | — | — |
| 5 years | -23.46% | — | — | — |
Current contemporaneous premium/discount -19.42% (close Oct 14, 2026 vs NAV Oct 13, 2026). 1-year range -20.43% to -14.75%. A negative Z-score means a wider discount than the window average — not that the fund is undervalued.
Performance
| Series | 1M | 3M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) |
|---|---|---|---|---|---|---|
| Market price return | -6.23% | -6.09% | +0.89% | +8.61% | +12.49% | +6.68% |
| Market price total return | -6.23% | -6.09% | +0.89% | +10.67% | +15.54% | +8.41% |
| NAV return | -2.59% | -1.92% | +6.32% | +14.32% | +8.61% | +2.68% |
| NAV total return | -2.59% | -1.92% | +6.32% | +16.13% | +10.84% | +3.95% |
Through Oct 14, 2026. Total return reinvests distributions at the series value on the ex-date. Cumulative ≤ 1 year, annualised beyond.
About the fund
The Mexico Equity & Income Fund Inc., identified by the symbol MXE, functions as a closed-end, balanced mutual fund. It was established and is currently managed by Pichardo Asset Management, S.A. de C.V. The fund primarily channels its investments into Mexico's public equity and fixed-income markets, while also dedicating a segment of its capital to convertible securities. Its portfolio is composed of shares from companies operating across a diverse spectrum of industries. To gauge its investment performance, the fund benchmarks its results against both the Mexbol and MSCI Mexico Index. This particular fund was founded on May 24, 1990, and maintains its domicile within the United States.
CEF Explorer research page for Mexico Equity & Income Fund Inc. Figures carry their own dates and sources; a discount to NAV does not guarantee convergence or any return. This is not investment advice.