<SEC-DOCUMENT>0000894189-19-003875.txt : 20190627
<SEC-HEADER>0000894189-19-003875.hdr.sgml : 20190627
<ACCEPTANCE-DATETIME>20190627152952
ACCESSION NUMBER:		0000894189-19-003875
CONFORMED SUBMISSION TYPE:	N-Q
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20190430
FILED AS OF DATE:		20190627
DATE AS OF CHANGE:		20190627
EFFECTIVENESS DATE:		20190627

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEXICO EQUITY & INCOME FUND INC
		CENTRAL INDEX KEY:			0000863900
		IRS NUMBER:				133576061
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			0731

	FILING VALUES:
		FORM TYPE:		N-Q
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06111
		FILM NUMBER:		19925174

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>N-Q
<SEQUENCE>1
<FILENAME>mxe-nq.htm
<DESCRIPTION>QUARTERLY NOTICE OF PORTFOLIO HOLDINGS
<TEXT>
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      <div style="text-align: center; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">UNITED STATES<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
        </font>SECURITIES AND EXCHANGE COMMISSION<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
        </font>Washington, D.C. 20549</div>
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      </div>
      <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">FORM N-Q</font></div>
      <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT </font></div>
      <div style="text-align: center; margin-top: 5pt; margin-bottom: 5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">INVESTMENT COMPANY</font></div>
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      </div>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Investment Company Act file number&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><u>811-06111</u></font></font></div>
      <div><br>
      </div>
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      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><u>The Mexico Equity &amp; Income Fund, Inc.</u></font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
          </font>(Exact name of registrant as specified in charter)</font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>615 East Michigan Street</u></font></font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><u>Milwaukee, WI 53202</u></font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
          </font>(Address of principal executive offices) (Zip code)</font></div>
      <div><br>
      </div>
      <div><br>
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      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Mr. Arnulfo Rodr&#237;guez</u></font></font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>C/O U.S. Bancorp Fund Services, LLC</u></font></font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>615 E. Michigan Street</u></font></font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><u>Milwaukee, WI 53202</u></font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><br>
          </font>(Name and address of agent for service)</font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>877-785-0367</u></font></font></div>
      <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Registrant&#8217;s telephone number, including area code</font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date of fiscal year end: <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><u>July 31, 2019</u></font></font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date of reporting period:&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><u>April 30, 2019</u></font></font></div>
      <div><br>
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      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Item 1. Schedule of Investments.</font></div>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z7a4faf525af644bcbaa0d310acf0c6c8">

          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">The Mexico Equity and Income Fund, Inc.</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Schedule of Investments</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">April 30, 2019 (Unaudited)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">MEXICO - 99.41%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Shares</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">&#160;</font></div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Value</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 70%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">COMMON STOCKS - 92.65%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Beverages - 11.87%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Arca Continental, S.A.B. de C.V.</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">729,016</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160; 4,138,118</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Coca-Cola Femsa, S.A.B. de CV</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">49,500</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">315,757</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Fomento Economico Mexicano, S.A.B. de C.V. - Series UBD</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">300,110</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,927,528</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">7,381,403</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Building Materials - 10.42%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Cemex, S.A.B. de C.V. - Series CPO (a)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,771,600</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,282,163</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Grupo Cementos de Chihuahua, S.A.B. de C.V.</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">907,806</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">5,201,829</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">6,483,992</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Chemical Products - 5.83%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Alpek, S.A.B. de C.V. - Series A</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,809,900</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,226,365</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Mexichem, S.A.B. de C.V.</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">602,820</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,399,433</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,625,798</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Construction and Infrastructure - 6.23%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Promotora y Operadora de Infraestructura, S.A.B. de C.V.</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">249,586</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">203,045</font></div>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
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            <td style="width: 7%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,872,149</font></div>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Credito Real, S.A.B. de C.V.</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">973,212</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
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            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,110,394</font></div>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Financial Groups - 19.20%</font></div>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Banco del Bajio, S.A.</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,421,328</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,055,918</font></div>
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            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Grupo Financiero Banorte, S.A.B. de C.V. - Series O</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">963,448</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">6,089,856</font></div>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Regional, S.A.B. de C.V.</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">512,783</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,794,404</font></div>
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            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">11,940,178</font></div>
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            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Food - 5.34%</font></div>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Gruma, S.A.B. de C.V. - Series B</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">218,964</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,188,630</font></div>
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            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Grupo Bimbo, S.A.B. de C.V. - Series A</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">507,886</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,131,091</font></div>
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            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,319,721</font></div>
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            <td colspan="2" style="vertical-align: bottom;">
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
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            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Alsea, S.A.B. de C.V. - Series A</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,300,161</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,906,507</font></div>
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            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Grupe, S.A.B. de C.V. - Series B (a)(b)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">429,607</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,008,427</font></div>
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          <tr>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">3,914,934</font></div>
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            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Railroads - 1.03%</font></div>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">GMexico Transportes S.A.B. de C.V.</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">525,438</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">643,017</font></div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Real Estate Services - 2.61%</font></div>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Corporacion Inmobiliaria Vesta, S.A.B. de C.V.</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,030,325</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,624,476</font></div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Retail - 7.43%</font></div>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">El Puerto de Liverpool, S.A.B. de C.V. - Series C - 1</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">395,956</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,563,159</font></div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Grupo Comercial Chedraui, S.A. de C.V.</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">340,131</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">672,090</font></div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">La Comer S.A.B. de C.V. - Series UBC (a)</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">96,027</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">109,664</font></div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Wal-Mart de Mexico, S.A.B. de C.V.</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">435,177</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,278,828</font></div>
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          </tr>
          <tr>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">4,623,741</font></div>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Telecommunication - 14.61%</font></div>
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            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">America Movil, S.A.B. de C.V. - Series L</font></div>
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            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">10,496,155</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">7,817,685</font></div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Telesites S.A.B. de C.V. (a)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,871,027</font></div>
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            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,271,186</font></div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-top: 1px solid rgb(0, 0, 0); border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">9,088,871</font></div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">TOTAL COMMON STOCKS (Cost $55,494,477)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">57,628,674</font></div>
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          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 70%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">CAPITAL DEVELOPMENT CERTIFICATES - 2.55%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Atlas Discovery Trust II (b)(c)(d)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">300,000</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,588,364</font></div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">TOTAL CAPITAL DEVELOPMENT CERTIFICATES (Cost $1,460,703)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,588,364</font></div>
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          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 70%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>

      </table>
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      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">MEXICAN GOVERNMENT NOTES/BONDS - 2.54%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Mexican Bonos de Proteccion al Ahorro</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left; text-indent: 8pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">8.260%, 12/24/2020</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">299,904</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,579,894</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">TOTAL MEXICAN GOVERNMENT NOTES/BONDS (Cost $1,549,608)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,579,894</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 70%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">MEXICAN MUTUAL FUNDS - 0.00%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Scotiabankinverlat - Scotia Gubernamental
                    S.A. de C.V. SIID </font>(a)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">13,470</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,559</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">TOTAL MEXICAN MUTUAL FUNDS (Cost $2,549)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">2,559</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 70%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">REAL ESTATE INVESTMENT TRUSTS - 1.67%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Concentradora Fibra Danhos S.A. de C.V.</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">708,389</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,036,179</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $884,007)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">1,036,179</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">TOTAL MEXICO (Cost $59,391,344)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">61,835,670</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 70%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">UNITED STATES - 0.75%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">&#160;</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">&#160;</font></div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Value</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 70%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">INVESTMENT COMPANIES - 0.75%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class - 2.328% (e)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">465,289</font></div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">465,289</font></div>
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          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">TOTAL INVESTMENT COMPANIES (Cost $465,289)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">465,289</font></div>
            </td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">TOTAL UNITED STATES (Cost $465,289)</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">465,289</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 70%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Total Investments (Cost $59,856,633) - 100.16%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">
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          <tr>
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            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">&#160;</td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 1px solid rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">(108,820)</font></div>
            </td>
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          <tr>
            <td colspan="2" style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">TOTAL NET ASSETS - 100.00%</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0); font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">$</font></td>
            <td style="width: 7%; vertical-align: bottom; border-bottom: 2px double rgb(0, 0, 0);">
              <div style="text-align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">&#160;62,192,139</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td style="width: 70%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="2" style="vertical-align: bottom; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: left;"><font style="color: rgb(0, 0, 0);">Percentages are stated as a percent of net assets.</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td colspan="5" style="vertical-align: bottom; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: left;"><font style="color: rgb(0, 0, 0);">&#160;</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: right;"><font style="color: rgb(0, 0, 0);">(a)&#160; <br>
                </font></div>
            </td>
            <td style="width: 70%; vertical-align: top; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: left;"><font style="color: rgb(0, 0, 0);">Non-income producing security.</font></div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: right;"><font style="color: rgb(0, 0, 0);">(b)&#160; <br>
                </font></div>
            </td>
            <td colspan="2" style="vertical-align: bottom; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: left;">Illiquid securities. The total market value of these securities were $2,596,791, representing 4.18% of net assets.</div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: right;"><font style="color: rgb(0, 0, 0);">(c)&#160; <br>
                </font></div>
            </td>
            <td colspan="2" style="vertical-align: bottom; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: left;">Fair valued security. The total market value of this security was $1,588,364, representing 2.55% of net assets.</div>
            </td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: right;"><font style="color: rgb(0, 0, 0);">(d)&#160; <br>
                </font></div>
            </td>
            <td style="width: 70%; vertical-align: bottom; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: left;">Level 3 security. Value determined using significant unobservable inputs.</div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="width: 3%; vertical-align: top; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: right;"><font style="color: rgb(0, 0, 0);">(e)&#160; <br>
                </font></div>
            </td>
            <td style="width: 70%; vertical-align: bottom; font-size: 9pt; font-family: &quot;Times New Roman&quot;,Times,serif;">
              <div style="text-align: left;">The rate shown represents the 7-day yield at April 30, 2019.</div>
            </td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
            <td style="width: 3%; vertical-align: bottom;">&#160;</td>
            <td colspan="1" style="width: 2%; vertical-align: bottom;">&#160;</td>
            <td style="width: 7%; vertical-align: bottom;">&#160;</td>
          </tr>

      </table>
      <div><br>
      </div>
      <div><br>
      </div>
      <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
        <div id="DSPFPageBreak" style="page-break-after: always;">
          <hr noshade="noshade" style="border-width: 0px; clear: both; margin: 4px 0px; width: 100%; height: 2px; color: #000000; background-color: #000000;"></div>
      </div>
      <br>
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;" id="z5af50c16029b4d16b250b5e796e910c8">

          <tr>
            <td style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Significant accounting policies are as follows:</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 99.91%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Portfolio Valuation:&#160; Investments are stated at value. Listed equity securities are valued at the closing price on the
                  exchange or market on </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">which the security is primarily traded (the &#8220;Primary Market&#8221;) at the valuation time. If the security did not trade
                  on the Primary Market, </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">it shall be valued at the closing price on another comparable exchange where it trades at the valuation time. If
                  there are no such closing </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">prices,&#160; the security shall be valued at the mean between the most recent highest bid and lowest ask prices at
                  the valuation time.</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom;"> <br>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Investments in short-term debt securities having a maturity of 60 days or less are valued at amortized cost if their
                  term to maturity from the date of </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">purchase was less than 60 days, or by amortizing their value on the 61st day prior to maturity if their
                  term to maturity from the date of purchase when </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">acquired by the Fund was more than 60 days. Other assets and securities for which no
                  quotations are readily available will be valued in good faith at fair </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">value using methods determined by the Board of Directors. These
                  methods include, but are not limited to, the fundamental analytical data relating to </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">the investment; the nature and duration of
                  restrictions in the market in which they are traded (including the time needed to dispose of the security, </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">methods of soliciting offers
                  and mechanics of transfer); the evaluation of the forces which influence the market in which these securities may be </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">purchased or sold,
                  including the economic outlook and the condition of the industry in which the issuer participates. The Fund has a Valuation </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Committee
                  comprised of independent directors which oversees the valuation of portfolio securities.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 99.91%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: middle;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The Valuation Committee of the Fund shall meet to consider any fair valuations.&#160; This consideration includes reviewing
                  various factors set forth </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">in the pricing procedures adopted by the Board of Directors and other factors as warranted. In considering a
                  fair value determination, factors that </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">may be considered, among others include; the type and structure of the security; unusual events or
                  circumstances relating to the security&#8217;s issuer; </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">general market conditions; prior day&#8217;s valuation; fundamental analytical data; size of
                  the holding; cost of the security on the date of purchase;&#160; </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">trading activity and prices of similar securities or financial instruments.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 99.91%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: middle;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">FAIR VALUE MEASUREMENTS</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 99.91%; vertical-align: middle;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: middle;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The Fund follows the FASB ASC Topic 820 hierarchy, under which various inputs are used in determining the value of the
                  Fund&#8217;s investments.</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;" rowspan="1">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: middle;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The basis of the hierarchy is dependent upon various &#8220;inputs&#8221; used to determine the value of the Fund&#8217;s investments.
                  These inputs are summarized </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">in the three broad levels listed below:</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 99.91%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: middle;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0);">Level 1 &#8211; Unadjusted quoted prices in active markets for identical assets or
                  liabilities that the Fund has the ability to access.</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0);">Level 2 &#8211; Observable inputs other than quoted prices included in level 1 that are
                  observable for the asset or liability, either </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0);">directly or indirectly. These inputs may include quoted prices for the
                  identical instrument on an inactive market, prices for </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0);">similar instruments, interest rates, prepayment speeds, credit risks,
                  yield curves, default rates and similar data.</font></div>
            </td>
          </tr>
          <tr>
            <td style="vertical-align: middle;">
              <div style="text-align: left; margin-left: 18pt;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0);">Level 3 &#8211; Unobservable inputs for the asset or liability, to the extent relevant
                  observable inputs are not available, representing </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0);">the company&#8217;s own assumptions about the assumptions a market participant
                  would use in valuing the asset or </font><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0);">liability , and would be based on the best information available.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 99.91%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The availability of observable inputs can vary from security to security and is affected by a wide variety of factors,
                  including, for example, </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">the type of security, whether the security is new and not yet established in the marketplace, the liquidity of
                  the markets, and other characteristics </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">particular to the security.&#160; To the extent that valuation is based on models or inputs that are
                  less observable or unobservable in the market </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">the determination of fair value requires more judgment.&#160; Accordingly, the degree of
                  judgment exercised in determining fair value is greatest </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">for instruments categorized in level 3.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 99.91%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">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 </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">fair value hierarchy within which the fair value measurement falls in its entirety, is determined
                  based on the lowest level input that is significant on </font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">the lowest level input that is significant to the fair value measurement in its
                  entirety.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 99.91%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in
                  those securities.</font></div>
            </td>
          </tr>
          <tr>
            <td style="width: 99.91%; vertical-align: bottom;">&#160;</td>
          </tr>
          <tr>
            <td style="vertical-align: bottom;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The following is a summary of the inputs used to value the Fund&#8217;s investments carried at fair value as of April 30,
                  2019:</font></div>
            </td>
          </tr>

      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="1" border="0" id="zd94c88b7cb434218babd5f00621026e7" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" style="vertical-align: middle; width: 30%; padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" style="vertical-align: middle; width: 14%; padding-bottom: 2px;">&#160;&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Level 1</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Level 2</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Level 3</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; border-bottom: 2px solid rgb(0, 0, 0);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Total</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 30%;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Equity</font></div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 14%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: middle; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 30%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Beverages</font></div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,625,798</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,625,798</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Construction and Infrastructure</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,872,149</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3,872,149</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Consumer Financing Services</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,110,394</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Financial Groups</font></div>
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            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11,940,178</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">11,940,178</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Food</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Retail</font></div>
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            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4,623,741</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4,623,741</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,088,871</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">9,088,871</font></div>
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          <tr>
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            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255); padding-bottom: 2px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">57,628,674</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">59,217,038</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 30%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Mexican Government Notes/Bonds</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,579,894</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,579,894</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 30%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Mexican Mutual Funds</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,559</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2,559</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 30%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Real Estate Investment Trusts</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,036,179</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,036,179</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 30%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; background-color: rgb(255, 255, 255); padding-bottom: 2px;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Short-Term Investments</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">465,289</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">465,289</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 2px solid rgb(0, 0, 0);">&#160;</td>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Total Investments in Securities</font></div>
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            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">59,132,701</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,579,894</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,588,364</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">62,300,959</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255); border-bottom: 4px double rgb(0, 0, 0);">&#160;</td>
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            <tr>
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                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold; color: #000000;">Disclosures about Derivative Instruments and Hedging Activities</font></div>
              </td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255); width: 9%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255); width: 9%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255); width: 9%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
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              <td valign="bottom" style="vertical-align: bottom; width: 30%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <tr>
              <td valign="bottom" colspan="13" style="vertical-align: middle; background-color: rgb(255, 255, 255);">
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">The Fund did not invest in derivative securities or engage in hedging activities during the period ended April 30,
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              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255); width: 9%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
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            <tr>
              <td valign="bottom" style="vertical-align: bottom; width: 30%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <tr>
              <td valign="bottom" colspan="2" style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Level 3 Reconciliation Disclosure</font></div>
              </td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            </tr>
            <tr>
              <td valign="bottom" style="vertical-align: bottom; width: 30%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" style="vertical-align: bottom; width: 14%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 9%; background-color: rgb(255, 255, 255);">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
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            <tr>
              <td valign="bottom" colspan="13" style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
                <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Following is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.</font></div>
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              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
              <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255); width: 9%;">&#160;</td>
              <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%;">&#160;</td>
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          <tr>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>Description</u></font></font></div>
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            <td valign="bottom" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 18.17%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 1.32%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 1.32%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 11.68%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 1.32%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 1.32%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 1.32%;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 11.68%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 1.32%;">&#160;</td>
            <td valign="bottom" nowrap="nowrap" style="text-align: center; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 1.32%;" rowspan="1">&#160;</td>
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              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> Investments in Securities</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 1.32%;">&#160;</td>
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          <tr>
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              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Balance as of July 31, 2018</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">
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              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,695,905</font></div>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Acquisitions</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
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            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
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          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Realized gain (loss)</font></div>
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            <td valign="bottom" style="vertical-align: bottom; width: 18.17%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">-</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; padding-bottom: 1px; background-color: rgb(255, 255, 255);">
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            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; padding-bottom: 1px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; padding-bottom: 1px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; padding-bottom: 1px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; padding-bottom: 1px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; padding-bottom: 1px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; padding-bottom: 1px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; padding-bottom: 1px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; padding-bottom: 1px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; padding-bottom: 1px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 1px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(107,541</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; padding-bottom: 1px; background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
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          <tr>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; padding-bottom: 4px; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Balance as of April 30, 2019</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; border-bottom: 4px double rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1,588,364</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; padding-bottom: 4px; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 28%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 18.17%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 11.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 1%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.32%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="9" style="vertical-align: bottom; background-color: rgb(255, 255, 255); padding-bottom: 4px;">
              <div style="text-align: left; font-size: 10pt;"><font style="font-family: &quot;Times New Roman&quot;,Times,serif;">Change in unrealized depreciation during the period for Level 3 investments held at April 30, 2019</font></div>
            </td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1.32%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1.32%; padding-bottom: 4px;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1%; border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">$</font></div>
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            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255); width: 12%; border-bottom: 4px double rgb(0, 0, 0);">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(107,541</font></div>
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            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1.32%; padding-bottom: 4px;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">)</font></div>
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      </table>
      <div><br>
      </div>
      <table cellspacing="0" cellpadding="1" border="0" style="font-family: &quot;Times New Roman&quot;,Times,serif; font-size: 10pt; width: 100%;">

          <tr>
            <td valign="bottom" colspan="11" style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The following table presents additional information about valuation methodologies and inputs used for investments that are measured at
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            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1.69%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; background-color: rgb(255, 255, 255);"><br>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 12%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 5%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 3.61%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 3%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 14.66%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 3.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 3%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.69%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; padding-left: 15%; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 20%;"><br>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255); text-align: center; border-bottom: 2px solid rgb(0, 0, 0); width: 10%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Fair Value </font></div>
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">April 30, 2019</font> <br>
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            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 12%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Valuation </font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Methodologies</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 3.61%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Unobservable </font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Input <sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 3.68%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; border-bottom: 2px solid rgb(0, 0, 0); background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Range</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; padding-bottom: 2px; background-color: rgb(255, 255, 255); width: 1.69%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 20%;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Capital Development </font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Certificates</font></div>
            </td>
            <td valign="bottom" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 10%;">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">&#160;$1,588,364</font></div>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; background-color: rgb(255, 255, 255); width: 12%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Market Comparables/ </font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Sum of the Parts </font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Valuation</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3.61%;">&#160;</td>
            <td valign="bottom" colspan="2" style="vertical-align: bottom; background-color: rgb(255, 255, 255);">
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Liquidity </font></div>
              <div style="text-align: center;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;">Discount</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3.68%;">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 3%;"> <br>
            </td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; background-color: rgb(255, 255, 255); width: 10%;">
              <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; color: #000000;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif; color: rgb(0, 0, 0);">$</font>4.911 - $5.667</font></div>
            </td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; background-color: rgb(255, 255, 255); width: 1.69%;">&#160;</td>
          </tr>
          <tr>
            <td valign="bottom" style="vertical-align: bottom; width: 20%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" style="vertical-align: bottom; width: 10%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; width: 12%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 5%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 12%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 3.61%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 3%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 14.66%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 3.68%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="text-align: left; vertical-align: bottom; width: 3%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" colspan="1" style="vertical-align: bottom; text-align: right; width: 10%; background-color: rgb(255, 255, 255);">&#160;</td>
            <td valign="bottom" nowrap="nowrap" colspan="1" style="text-align: left; vertical-align: bottom; width: 1.69%; background-color: rgb(255, 255, 255);">&#160;</td>
          </tr>

      </table>
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          <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="zed6a6322c5454a40a7fd816a7e6597e7" class="DSPFListTable">

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                  <div style="text-align: center;"><font style="font-size: 10pt; font-family: &quot;Times New Roman&quot;,Times,serif;"><sup style="vertical-align: text-top; line-height: 1; font-size: smaller;">(1)</sup></font></div>
                </td>
                <td style="align: left; vertical-align: top; width: auto;">
                  <div style="text-align: left; font-size: 9pt;"><font style="font-family: 'Times New Roman',Times,serif;">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.</font></div>
                </td>
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        </div>
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      <br>
      <div style="text-align: left; margin-top: 5pt; margin-bottom: 5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 2. Controls and Procedures.</font></div>
      <div style="text-align: left;">
        <div>
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                <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a)</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">The Registrant&#8217;s President and Treasurer have concluded that the Registrant&#8217;s disclosure controls and procedures (as defined in Rule&#160;30a-3(c) under the
                      Investment Company Act of 1940 (the &#8220;1940 Act&#8221;)) <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>(17 CFR</u></font>&#160;<font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>270.30a-3(c))</u></font>
                      are effective as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on the evaluation of these controls and procedures required by Rule&#160;30a-3(b) under the 1940 Act
                      <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>(17 CFR 270.30a-3(b))</u></font> and Rule 13a-15(b) or Rule&#160;15d&#8209;15(b) under the Securities Exchange Act of 1934, as amended <font style="font-size: 10pt;
                        font-family: 'Times New Roman', Times, serif;"><u>(17 CFR 240.13a-15(b) or 240.15d-15(d))</u></font>.</font></div>
                </td>
              </tr>

          </table>
        </div>
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      <div><br>
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      <div style="text-align: left;">
        <div>
          <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable" id="z3c4adba727f54cc89dfa9cfb7f026dd1">

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                <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(b)</font></td>
                <td style="width: auto; vertical-align: top; text-align: left;">
                  <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">There were no changes in the Registrant&#8217;s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>(17 CFR 270.30a-3(d))</u></font> that occurred during the Registrant&#8217;s last fiscal quarter that have materially affected, or are reasonably likely to
                      materially affect, the Registrant&#8217;s internal control over financial reporting.</font></div>
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      <div><br>
      </div>
      <div style="text-align: left; margin-top: 5pt; margin-bottom: 5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">Item 3. Exhibits.</font></div>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">Separate certifications for each principal
            executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the 1940 Act (17 CFR 270.30a-2(a)).&#160; </font>Filed herewith.</font></div>
      <div style="margin-top: 5pt; margin-bottom: 5pt;"><br>
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      <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"><br>
      </font>
      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">SIGNATURES</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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.</font></div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(Registrant)</font>&#160; <font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size:
            10pt; font-family: 'Times New Roman', Times, serif;"><u>The Mexico Equity &amp; Income Fund, Inc.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u></font><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 12pt" id="TRGRRTFtoHTMLTab"><br>
          </font></font></div>
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      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
        </font></div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By (Signature and Title)&#160;<u>&#160;&#160;&#160;&#160;&#160;&#160; /s/ </u></font><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times,
            serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Maria Eugenia Pichardo &#160; &#160; &#160; &#160;&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160;</font> &#160;&#160; </font></u></div>
      <div style="text-align: left; text-indent: 36pt; margin-left: 117pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Maria Eugenia Pichardo, President</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date</font>&#160;&#160;<u>&#160;&#160;&#160; 6/19/2019 &#160;&#160;&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160; &#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; </u><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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.</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By (Signature and Title)*&#160;</font><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>&#160;&#160;&#160; &#160; &#160;
            /s/ </u></font><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Maria Eugenia Pichardo &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160;&#160; &#160; &#160;&#160;</font>&#160; <br>
          </font></u></div>
      <div style="text-align: left; text-indent: 36pt; margin-left: 117pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160;&#160; Maria Eugenia Pichardo, President</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date</font>&#160;&#160;<u>&#160;&#160;&#160; 6/19/2019 &#160;&#160;&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160; &#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;
        </u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u><br>
          </u></font></div>
      <div><br>
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      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"> <br>
        </font></div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">By (Signature and Title)*&#160;<u>&#160;&#160; &#160; &#160; /s/ </u></font><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times,
            serif;">Arnulfo Rodr&#237;guez&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
          </font></u></div>
      <div style="text-align: left; text-indent: 36pt; margin-left: 117pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">&#160; Arnulfo Rodr&#237;guez, Chief Financial Officer</font></div>
      <div><br>
      </div>
      <div style="text-align: left; text-indent: 36pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date</font>&#160;&#160;<u>&#160;&#160;&#160; 6/19/2019 &#160;&#160;&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160; &#160;&#160; &#160; &#160; &#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; &#160;</u><u>&#160;</u><font style="display: inline-block; text-indent: 0px; font-size: 1px; width: 396pt" id="TRGRRTFtoHTMLTab"> <br>
        </font></div>
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      <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-style: italic;">* Print the name and title of each signing officer under his or her signature.</font></div>
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<DOCUMENT>
<TYPE>EX-99.CERT
<SEQUENCE>2
<FILENAME>certs.htm
<DESCRIPTION>OFFICER CERTIFICATIONS
<TEXT>
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      <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Exhibit 99.CERT</div>
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    <div style="text-align: left; margin-top: 5pt; margin-bottom: 5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CERTIFICATION</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">I, Maria Eugenia Pichardo certify that:</font></div>
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              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">I have reviewed this report on Form N-Q of The Mexico Equity &amp; Income Fund, Inc;</font></div>
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              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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;</font></div>
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              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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;</font></div>
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              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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:</font></div>
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    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(b)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(c)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(d)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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):</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

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              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div>
      <table cellspacing="0" cellpadding="0" style="width: 100%; font-family: 'Times New Roman', Times, serif; font-size: 10pt;" id="z7b9811b6b109481bb9f877a3590f04c3" class="DSPFListTable">

          <tr style="vertical-align: top;">
            <td style="width: 18pt;">&#160;</td>
            <td style="vertical-align: top; width: 18pt;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;">(b)</font></font></div>
            </td>
            <td style="align: left; vertical-align: top; width: auto;">
              <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;"><font style="font-size: 10pt; font-family: 'Times New Roman',Times,serif;">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.</font></font></div>
            </td>
          </tr>

      </table>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 45.45%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date:</font>&#160;&#160;<u>&#160; &#160;&#160;&#160; 6/19/2019 &#160;&#160; &#160; &#160; &#160;</u><u></u></div>
          </td>
          <td style="width: 54.55%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>/s/ </u></font><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><font style="font-size: 10pt;
                    font-family: 'Times New Roman', Times, serif;">Maria Eugenia Pichardo &#160; &#160; &#160; &#160;&#160; &#160; &#160;&#160; </font><br>
                </font></u></div>
          </td>
        </tr>
        <tr>
          <td style="width: 45.45%; vertical-align: middle;">&#160;</td>
          <td style="width: 54.55%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Maria Eugenia Pichardo</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">President</font></div>
          </td>
        </tr>

    </table>
    <div style="margin-top: 5pt; margin-bottom: 5pt;"><br>
    </div>
    <div id="DSPFPageBreakArea" style="clear: both; margin-top: 10pt; margin-bottom: 10pt;">
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    </div>
    <div style="margin-top: 5pt; margin-bottom: 5pt; text-align: right;">
      <div style="text-align: right; font-family: 'Times New Roman', Times, serif; font-size: 10pt;">Exhibit 99.CERT</div>
    </div>
    <div style="text-align: left; margin-top: 5pt; margin-bottom: 5pt;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">CERTIFICATION</font></div>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">I, Arnulfo Rodriguez certify that:</font></div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

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              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">1.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">I have reviewed this report on Form N-Q of The Mexico Equity &amp; Income Fund, Inc;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">2.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">3.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">4.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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:</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(b)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(c)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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;</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(d)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">5.</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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):</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(a)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <div style="text-align: left;">
      <div>
        <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%;" class="DSPFListTable">

            <tr>
              <td style="width: 18pt;"><br>
              </td>
              <td style="width: 18.75pt; vertical-align: top; align: right;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">(b)</font></td>
              <td style="width: auto; vertical-align: top; text-align: left;">
                <div><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">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.</font></div>
              </td>
            </tr>

        </table>
      </div>
    </div>
    <div><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; border-collapse: collapse;">

        <tr>
          <td style="width: 45.45%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Date:</font>&#160;&#160;<u>&#160; &#160;&#160;&#160; 6/19/2019 &#160;&#160; &#160; &#160; &#160;</u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u> </u></font></div>
          </td>
          <td style="width: 54.55%; vertical-align: middle;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;"><u>/s/ </u></font><u><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Arnulfo
                Rodr&#237;guez&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160; <br>
              </font></u></td>
        </tr>
        <tr>
          <td style="width: 45.45%; vertical-align: middle;">&#160;</td>
          <td style="width: 54.55%; vertical-align: middle;">
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Arnulfo Rodr&#237;guez</font></div>
            <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif;">Chief Financial Officer</font></div>
          </td>
        </tr>

    </table>
    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;"> <br>
      </font></div>
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    <div style="text-align: left;"><font style="font-size: 10pt; font-family: 'Times New Roman', Times, serif; font-weight: bold;">&#160;</font></div>
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