# EDGAR Filing Document

**Accession Number:** 0000863900
**File Stem:** 0001145549-25-044390
**Filing Date:** 2025-6
**Character Count:** 27638
**Document Hash:** b341aea94abff1705a3dc626897f1fb5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-044390.hdr.sgml**: 20250627

**ACCESSION NUMBER**: 0001145549-25-044390

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250627

**DATE AS OF CHANGE**: 20250627

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MEXICO EQUITY & INCOME FUND INC
- **CENTRAL INDEX KEY:** 0000863900

**ORGANIZATION NAME:**
- **EIN:** 133576061
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 0731

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06111
- **FILM NUMBER:** 251086543

**BUSINESS ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 EAST MICHIGAN STREET, LC-2
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 4147654499

**MAIL ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 EAST MICHIGAN STREET, LC-2
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MEXICO CONVERTIBLE ADVANTAGE FUND INC
- **DATE OF NAME CHANGE:** 19900807

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** MEXICO ADVANTAGE FUND INC
- **DATE OF NAME CHANGE:** 19900805

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **The Mexico Equity and Income Fund, Inc.** | **The Mexico Equity and Income Fund, Inc.** | **The Mexico Equity and Income Fund, Inc.** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** | **April 30, 2025 (Unaudited)** |
| **COMMON STOCKS - 87.3%** | **Shares** | **Value**  |
| **Airports - 7.5%** | **Airports - 7.5%** | |
| Grupo Aeroportuario del Centro Norte, S.A.B. de C.V. | 65758 | $726103 |
| Grupo Aeroportuario del Sureste, S.A.B. de C.V. - Series B | 108274 | 3429841 |
|  |  | 4155944 |
| **Auto Parts & Equipment - 3.8%** | **Auto Parts & Equipment - 3.8%** |  |
| Nemak, S.A.B. de C.V. <sup>(a)(b)</sup> | 14359440 | 2116151 |
| **Beverages - 17.5%** | **Beverages - 17.5%** |  |
| Arca Continental, S.A.B. de C.V. | 214520 | 2257489 |
| Coca-Cola FEMSA, S.A.B. de C.V. | 211400 | 1991163 |
| Fomento Economico Mexicano, S.A.B. de C.V. - Series UBD | 514525 | 5414575 |
|  |  | 9663227 |
| **Building Materials - 5.9%** | **Building Materials - 5.9%** |  |
| Cemex, S.A.B. de C.V. | 2497261 | 1540851 |
| Grupo Cementos de Chihuahua, S.A.B. de C.V. | 204551 | 1715327 |
|  |  | 3256178 |
| **Chemicals - 0.0%<sup>(c)</sup>** | **Chemicals - 0.0%<sup>(c)</sup>** |  |
| Controladora Alpek SAB de CV <sup>(a)</sup> | 0<br> <sup>(d)</sup>  | 0<br> <sup>(d)</sup>  |
| **Communication Services - 10.8%** | **Communication Services - 10.8%** |  |
| America Movil, S.A.B. de C.V. <sup>(a)</sup> | 6941168 | 5988861 |
| **Construction and Infrastructure - 1.9%** | **Construction and Infrastructure - 1.9%** |  |
| Promotora y Operadora de Infraestructura, S.A.B. de C.V. | 94013 | 1051423 |
| **Financial Groups - 5.3%** | **Financial Groups - 5.3%** |  |
| Grupo Financiero Banorte, S.A.B. de C.V. - Series O | 339854 | 2920486 |
| **Food - 4.1%** | **Food - 4.1%** |  |
| Grupo Bimbo, S.A.B. de C.V. - Series A | 755118 | 2296101 |
| **GICS~Chemicals - 1.3%** | **GICS~Chemicals - 1.3%** |  |
| Alpek, S.A.B. de C.V. | 1447133 | 737938 |
| **GICS~Industrial Conglomerates - 1.9%** | **GICS~Industrial Conglomerates - 1.9%** |  |
| Alfa, S.A.B. de C.V. - Series A | 1402311 | 1024712 |
| **GICS~Media - 2.8%** | **GICS~Media - 2.8%** |  |
| Megacable Holdings, S.A.B. de C.V. - Series A | 627456 | 1535484 |
| **Hotels, Restaurants, and Recreation - 2.0%** | **Hotels, Restaurants, and Recreation - 2.0%** |  |
| Alsea, S.A.B. de C.V. | 353876 | 800487 |
| Grupe, S.A.B. de C.V. <sup>(a)(e)</sup> | 200591 | 327320 |
|  |  | 1127807 |
| **Mining - 3.8%** | **Mining - 3.8%** |  |
| Grupo Mexico, S.A.B. de C.V. - Series B | 401274 | 2085098 |
| **Railroads - 1.4%** | **Railroads - 1.4%** |  |
| Grupo Traxion S.A.B. de C.V. <sup>(a)(b)</sup> | 893634 | 748701 |
| **Real Estate Services - 3.6%** | **Real Estate Services - 3.6%** |  |
| Corporacion Inmobiliaria Vesta, S.A.B. de C.V. | 724479 | 1974995 |
| **Retail - 13.7%** | **Retail - 13.7%** |  |
| El Puerto de Liverpool, S.A.B. de C.V. - Series C1 | 249674 | 1146103 |
| Grupo Comercial Chedraui, S.A. de C.V. | 321158 | 2077075 |
| La Comer S.A.B. de C.V. - Series UBC | 350578 | 661987 |
| Wal-Mart de Mexico, S.A.B. de C.V. | 1166180 | 3695882 |
|  |  | 7581047 |
| **TOTAL COMMON STOCKS** (Cost $42,736,285) | **TOTAL COMMON STOCKS** (Cost $42,736,285) | 48264153 |
| **EXCHANGE TRADED FUNDS - 5.1%** | **Shares** | **Value** |
| iShares USD Treasury Bond 0-1yr UCITS ETF <sup>(a)</sup> | 19300 | 2811038 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $2,757,954) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $2,757,954) | 2811038 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 3.3%** | **Shares** | **Value**  |
| **REITS - 3.3%** | **REITS - 3.3%** |  |
| Prologis Property Mexico, S.A. de C.V. | 520333 | 1853357 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $1,763,965) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $1,763,965) | 1853357 |
| **CAPITAL DEVELOPMENT CERTIFICATES - 1.5%** | **Shares** | **Value** |
| Atlas Discovery Trust II <sup>(a)(e)</sup> | 300000 | 823727 |
| **TOTAL CAPITAL DEVELOPMENT CERTIFICATES** (Cost $2,148) | **TOTAL CAPITAL DEVELOPMENT CERTIFICATES** (Cost $2,148) | 823727 |
| **MEXICAN MUTUAL FUNDS - 0.7%** | **Shares** | **Value** |
| Scotiabankinverlat - Scotia Gubernamental, S.A. de C.V. S.I.I.D. - Series E1 MXN ACC <sup>(a)</sup> | 1418119 | 396637 |
| **TOTAL MEXICAN MUTUAL FUNDS** (Cost $392,410) | **TOTAL MEXICAN MUTUAL FUNDS** (Cost $392,410) | 396637 |
| **SHORT-TERM INVESTMENTS - 0.3%** |  | **Value**  |
| **Money Market Funds - 0.3%** | **<u>Shares</u>** |  |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Class Institutional, 4.22% <sup>(f)</sup> | 151726 | 151726 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $151,726) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $151,726) | 151726 |
| **TOTAL INVESTMENTS - 98.2% (**Cost $47,804,488**)** | **TOTAL INVESTMENTS - 98.2% (**Cost $47,804,488**)** | 54300638 |
| Other Assets in Excess of Liabilities - 1.8% | Other Assets in Excess of Liabilities - 1.8% | 984711 |
| **TOTAL NET ASSETS - 100.0%** |  | $55285349 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

REIT - Real Estate Investment Trust<br>

(a) Non-income producing security.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of April 30, 2025, the value of these securities total $2,864,852 or 5.2% of the Fund's net assets.

(c) Represents less than 0.05% of net assets.

(d) Rounds to zero.

(e) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $1,151,047 or 2.1% of net assets as of April 30, 2025.

(f) The rate shown represents the 7-day annualized effective yield as of April 30, 2025.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 47936833 |  | 327320 | 48264153 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 2811038 |  | – | 2811038 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 1853357 |  | – | 1853357 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Capital Development Certificates | – |  | 823727 | 823727 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mexican Mutual Funds | 396637 |  | – | 396637 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 151726 |  | – | 151726 |
| Total Investments | 53149591 |  | 1151047 | 54300638 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |
| Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. |

---

------

 The accompanying notes are an integral part of these financial statements.

------

---

| |
|:---|
| **FAIR VALUE MEASUREMENTS** |
| The Fund follows the FASB ASC Topic 820 hierarchy, under which various inputs are used in determining the value of the Fund's investments. |
| The basis of the hierarchy is dependent upon various "inputs" used to determine the value of the Fund's investments. These inputs are summarized |
| in the three broad levels listed below: |
| Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. |
| Level 2 – Observable inputs other than quoted prices included in level 1 that are observable for the asset or liability, either |
| directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for |
| similar instruments, interest rates, prepayment speeds, credit risks, yield curves, default rates and similar data. |
| Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing |
| the company's own assumptions about the assumptions a market participant would use in valuing the asset or |
| liability , and would be based on the best information available. |
| The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, |
| the type of security, whether the security is new and not yet established in the marketplace, the liquidity of the markets, and other characteristics |
| particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market |
| the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest |
| for instruments categorized in level 3. |
| The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the |
| fair value hierarchy within which the fair value measurement falls in its entirety, is determined based on the lowest level input that is significant to |
| the fair value measurement in its entirety. |
| The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. |
| **Level 3 Reconciliation Disclosure** |
| Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value. |

---

---

| | | |
|:---|:---|:---|
| **<u>Description</u>** | **Common Stock** | **Capital Development Certificates** |
| Balance as of July 31, 2024 | $372522 | $709036 |
| Acquisitions | - | - |
| Dispositions | - | - |
| Corporate Action | - | - |
| Realized gain | - | - |
| Change in unrealized appreciation/(depreciation) | (45202) | 114691 |
| **Balance as of April 30, 2025** | $327320 | $823727 |
| Change in unrealized appreciation/(depreciation) during the period for Level 3 investments held at April 30, 2025 | $(45202) | $114691 |

---

The following table presents additional information about valuation methodologies and inputs used for investments that are measured at fair value and categorized within Level 3 as of April 30, 2025:<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | Fair Value <br> April 30, 2025 | Valuation <br> Methodologies | Unobservable <br> Input <sup>(1)</sup> | Impact to valuation from <br> an increase to input | Range |
| Common Stock | $327320 | Lower of Market <br> Comparables or <br> bid/ask | Liquidity Discount | Significant changes in the liquidity <br> discount would have resulted in <br> direct and proportional changes in <br> the fair value of the security. | 30% |
| Capital Development Certificates | $823727 | Market Comparables/ <br> Sum of the Parts <br> Valuation <sup>(2)</sup> | Liquidity Discount | Significant changes in the liquidity <br> discount would have resulted in <br> direct and proportional changes in <br> the fair value of the security. | 15% |

---

<sup>1</sup> In determining certain of these inputs, management evaluates a variety of factors including economic conditions, foreign exchange rates, industry and market developments, market valuations of comparable companies and company specific developments.

<sup>2</sup> For the Sum of the Parts valuation, the valuation provides a range of values for a company's equity by aggregating each of its business units (private and public) and arriving at a single total enterprise value.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Mexico Equity & Income Fund Inc

- **b. Investment Company Act file number:** 811-06111

- **c. CIK number of Registrant:** 0000863900

- **d. LEI of Registrant:** 549300Q0OD8MQEFTBY23

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 E. Michigan St.

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 8777850376

**Item A.2. Information about the Series.**

- **a. Name of Series:** Mexico Equity and Income Fund

- **c. LEI of Series:** 549300Q0OD8MQEFTBY23

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $55588367.48

**Total Liabilities:** $303018.78

**Net Assets:** $55285348.70

**Cash Not Reported:** $1271634.86

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 5.77%                | -0.91%               | 8.60%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $267792.87               | $1273937.99                                |
| Month 2  | $-1088345.04             | $844313.12                                 |
| Month 3  | $-2620328.52             | $7319786.41                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                   | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alfa SAB de CV                 | Alfa SAB de CV                                          | CUSIP: P0156P117<br>LEI: 549300ZCGJ6T8YDJ4M34 | Long             | EC               | CORP              | MX        |   1402311 | NS      | $1024712.17   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC DISCOVERY MEXICO          | HSBC DISCOVERY MEXICO                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    300000 | NS      | $823726.68    | 1.49%             |  |  |  | No            |                  3 | On Loan: No      |
| Prologis Property Mexico SA de | Prologis Property Mexico SA de CV                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    520333 | NS      | $1853357.13   | 3.35%             |  |  |  | No            |                  1 | On Loan: No      |
| El Puerto de Liverpool SAB de  | El Puerto de Liverpool SAB de CV                        | CUSIP: P36918137<br>LEI: 4469000001BO4JEXZL32 | Long             | EC               | CORP              | MX        |    249674 | NS      | $1146103.03   | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro | Grupo Aeroportuario del Centro Norte SAB de CV          | CUSIP: P49530101<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |     65758 | NS      | $726102.72    | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Fomento Economico Mexicano SAB | Fomento Economico Mexicano SAB de CV                    | CUSIP: P4182H115<br>LEI: 549300A8MDWDJNMLV153 | Long             | EC               | CORP              | MX        |    514525 | NS      | $5414575.06   | 9.79%             |  |  |  | No            |                  1 | On Loan: No      |
| PINFRA                         | Promotora y Operadora de Infraestructura SAB de CV      | CUSIP: P7925L103<br>LEI: 52990035X6RK8DBUWA73 | Long             | EC               | CORP              | MX        |     94013 | NS      | $1051423.02   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Comercial Chedraui SA de | Grupo Comercial Chedraui SA de CV                       | CUSIP: P4612W104<br>LEI: 4469000001BRXSV0JO96 | Long             | EC               | CORP              | MX        |    321158 | NS      | $2077074.48   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Alpek SAB de CV                | Alpek SAB de CV                                         | CUSIP: P01703100<br>LEI: 549300PWKJTP62D4IQ66 | Long             | EC               | CORP              | MX        |   1447133 | NS      | $737937.84    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupe SAB de CV                | Grupe SAB de CV                                         | CUSIP: P4948T122<br>LEI: 4469000001BIUGF8ZG79 | Long             | EC               | CORP              | MX        |    200591 | NS      | $327320.16    | 0.59%             |  |  |  | No            |                  3 | On Loan: No      |
| Grupo Mexico SAB de CV         | Grupo Mexico SAB de CV                                  | CUSIP: P49538112<br>LEI: 529900JWLZAYET2ZGW20 | Long             | EC               | CORP              | MX        |    401274 | NS      | $2085098.32   | 3.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotiabankinverlat - Scotia Gu | Scotiabankinverlat - Scotia Gubernamental SA de CV SIID | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | RF                | MX        |   1418119 | NS      | $396637.12    | 0.72%             |  |  |  | No            |                  3 | On Loan: No      |
| Grupo Bimbo SAB de CV          | Grupo Bimbo SAB de CV                                   | CUSIP: P4949B104<br>LEI: 5493000RIXURZEBFEV60 | Long             | EC               | CORP              | MX        |    755118 | NS      | $2296100.88   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Controladora Alpek SAB de CV   | Controladora Alpek SAB de CV                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |         0 | NS      | $0.02         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV   | Wal-Mart de Mexico SAB de CV                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |   1166180 | NS      | $3695881.65   | 6.69%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio     | MSILF Government Portfolio                              | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    151726 | NS      | $151726.11    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| La Comer SAB de CV             | La Comer SAB de CV                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    350578 | NS      | $661987.37    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Alsea SAB de CV                | Alsea SAB de CV                                         | CUSIP: P0212A104<br>LEI: 4469000001BJLPKNUN21 | Long             | EC               | CORP              | MX        |    353876 | NS      | $800486.44    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Surest | Grupo Aeroportuario del Sureste SAB de CV               | CUSIP: P4950Y100<br>LEI: 5299001W7JIDXCUOUC82 | Long             | EC               | CORP              | MX        |    108274 | NS      | $3429840.73   | 6.20%             |  |  |  | No            |                  1 | On Loan: No      |
| GCC SAB de CV                  | GCC SAB de CV                                           | CUSIP: P4948S124<br>LEI: 254900WY9XL8033CKX68 | Long             | EC               | CORP              | MX        |    204551 | NS      | $1715326.58   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Megacable Holdings SAB de CV   | Megacable Holdings SAB de CV                            | CUSIP: P652AE117<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    627456 | NS      | $1535484.23   | 2.78%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares USD Treasury Bond 0-1y | iShares USD Treasury Bond 0-1yr UCITS ETF               | CUSIP: N/A<br>LEI: 549300J3BL06YFMHJH80       | Long             | EC               | RF                | IE        |     17500 | NS      | $2024477.96   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Cemex SAB de CV                | Cemex SAB de CV                                         | CUSIP: P2253T133<br>LEI: 549300RIG2CXWN6IV731 | Long             | EC               | CORP              | MX        |   2497261 | NS      | $1540850.98   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Financiero Banorte SAB d | Grupo Financiero Banorte SAB de CV                      | CUSIP: P49501201<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    339854 | NS      | $2920486.27   | 5.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp Inmobiliaria Vesta SAB de | Corp Inmobiliaria Vesta SAB de CV                       | CUSIP: P9781N108<br>LEI: 4469000001BIRIFZJ959 | Long             | EC               | CORP              | MX        |    724479 | NS      | $1974995.40   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Traxion SAB de CV        | Grupo Traxion SAB de CV                                 | CUSIP: P4989G104<br>LEI: 4469000001BS6B603745 | Long             | EC               | CORP              | MX        |    893634 | NS      | $748701.29    | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Femsa SAB de CV      | Coca-Cola Femsa SAB de CV                               | CUSIP: N/A<br>LEI: 5493008KEVFYPMGTXO33       | Long             | EC               | CORP              | MX        |    211400 | NS      | $1991162.59   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares USD Treasury Bond 0-1y | iShares USD Treasury Bond 0-1yr UCITS ETF               | CUSIP: N/A<br>LEI: 549300J3BL06YFMHJH80       | Long             | EC               | RF                | IE        |      1800 | NS      | $786559.75    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Nemak SAB de CV                | Nemak SAB de CV                                         | CUSIP: N/A<br>LEI: 5493000MY3DAIB0BP706       | Long             | EC               | CORP              | MX        |  14359440 | NS      | $2116151.12   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Arca Continental SAB de CV     | Arca Continental SAB de CV                              | CUSIP: P0448R103<br>LEI: 254900U2BSJCQHJCXN24 | Long             | EC               | CORP              | MX        |    214520 | NS      | $2257489.22   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil SAB de CV        | America Movil SAB de CV                                 | CUSIP: N/A<br>LEI: 5493000FNR3UCEAONM59       | Long             | EC               | CORP              | MX        |   6941168 | NS      | $5988861.20   | 10.83%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-27

**Name of Applicant:** Mexico Equity & Income Fund Inc

**Signature:** /s/ Maria Eugenia Pichardo

**Name of Signer:** Maria Eugenia Pichardo

**Title:** President