<SEC-DOCUMENT>0001145549-20-046189.txt : 20200818
<SEC-HEADER>0001145549-20-046189.hdr.sgml : 20200818
<ACCEPTANCE-DATETIME>20200818155508
ACCESSION NUMBER:		0001145549-20-046189
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20200731
FILED AS OF DATE:		20200818
PERIOD START:           	20200731

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:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06111
		FILM NUMBER:		201113509

	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>NPORT-P
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/nport" xmlns:com="http://www.sec.gov/edgar/common" xmlns:ncom="http://www.sec.gov/edgar/nportcommon" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance">
  <headerData>
    <submissionType>NPORT-P</submissionType>
    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
          <cik>0000863900</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>




    </filerInfo>
  </headerData>
  <formData>
    <genInfo>
      <regName>Mexico Equity &amp; Income Fund Inc</regName>
      <regFileNumber>811-06111</regFileNumber>
      <regCik>0000863900</regCik>
      <regLei>549300Q0OD8MQEFTBY23</regLei>
      <regStreet1>615 E. Michigan St.</regStreet1>
      <regCity>Milwaukee</regCity>
      <regStateConditional regCountry="US" regState="US-WI"/>
      <regZipOrPostalCode>53202</regZipOrPostalCode>
      <regPhone>8777850376</regPhone>
      <seriesName>Mexico Equity and Income Fund</seriesName>
      <seriesLei>549300Q0OD8MQEFTBY23</seriesLei>
      <repPdEnd>2020-07-31</repPdEnd>
      <repPdDate>2020-07-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>16452251.280000000000</totAssets>
      <totLiabs>284390.450000000000</totLiabs>
      <netAssets>16167860.830000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.000000000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.000000000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.000000000000</amtPayAftOneYrBanksBorr>
      <amtPayAftOneYrCtrldComp>0.000000000000</amtPayAftOneYrCtrldComp>
      <amtPayAftOneYrOthAffil>0.000000000000</amtPayAftOneYrOthAffil>
      <amtPayAftOneYrOther>0.000000000000</amtPayAftOneYrOther>
      <delayDeliv>0.000000000000</delayDeliv>
      <standByCommit>0.000000000000</standByCommit>
      <liquidPref>0.000000000000</liquidPref>
      <cshNotRptdInCorD>6232.460000000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn rtn1="13.10" rtn2="-1.29" rtn3="0.65"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="-655204.180000000000" netUnrealizedAppr="2051400.540000000000"/>
        <othMon2 netRealizedGain="-288629.400000000000" netUnrealizedAppr="305736.410000000000"/>
        <othMon3 netRealizedGain="-305074.890000000000" netUnrealizedAppr="774109.050000000000"/>
      </returnInfo>
      <mon1Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>
      <mon2Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>
      <mon3Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>


    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>GMexico Transportes SAB de CV</name>
        <lei>4469000001BXJ8FN4U73</lei>
        <title>GMexico Transportes SAB de CV</title>
        <cusip>P4R1BE119</cusip>
        <identifiers>
          <isin value="MX01GM1Z0019"/>
          <ticker value="GMXT*"/>
        </identifiers>
        <balance>637547.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>744544.890000000000</valUSD>
        <pctVal>4.6050921506</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Orbia Advance Corp SAB de CV</name>
        <lei>549300MVHZ20SBIOEQ79</lei>
        <title>Orbia Advance Corp SAB de CV</title>
        <cusip>P7S81Y105</cusip>
        <identifiers>
          <isin value="MX01OR010004"/>
          <ticker value="ORBIA*"/>
        </identifiers>
        <balance>444482.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>703821.420000000000</valUSD>
        <pctVal>4.3532130033</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gentera SAB de CV</name>
        <lei>N/A</lei>
        <title>Gentera SAB de CV</title>
        <cusip>P4831V101</cusip>
        <identifiers>
          <isin value="MX01GE0E0004"/>
          <ticker value="GENTERA*"/>
        </identifiers>
        <balance>350200.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>122267.090000000000</valUSD>
        <pctVal>0.7562354184</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PINFRA</name>
        <lei>52990035X6RK8DBUWA73</lei>
        <title>Promotora y Operadora de Infraestructura SAB de CV</title>
        <cusip>P7925L111</cusip>
        <identifiers>
          <isin value="MX01PI000013"/>
          <ticker value="PINFRAL"/>
        </identifiers>
        <balance>93173.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>456298.600000000000</valUSD>
        <pctVal>2.8222570988</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Wal-Mart de Mexico SAB de CV</name>
        <lei>N/A</lei>
        <title>Wal-Mart de Mexico SAB de CV</title>
        <cusip>P98180188</cusip>
        <identifiers>
          <isin value="MX01WA000038"/>
          <ticker value="WALMEX*"/>
        </identifiers>
        <balance>600236.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>1408686.870000000000</valUSD>
        <pctVal>8.7128834471</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Nemak SAB de CV</name>
        <lei>5493000MY3DAIB0BP706</lei>
        <title>Nemak SAB de CV</title>
        <cusip>P71340106</cusip>
        <identifiers>
          <isin value="MX01NE000001"/>
          <ticker value="NEMAKA"/>
        </identifiers>
        <balance>1144044.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>269882.320000000000</valUSD>
        <pctVal>1.6692518747</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>COCA-COLA FEMSA SAB CV</name>
        <lei>5493008KEVFYPMGTXO33</lei>
        <title>Coca-Cola Femsa SAB de CV</title>
        <cusip>ZP9008878</cusip>
        <identifiers>
          <isin value="MX91KO0000D5"/>
          <ticker value="KOF"/>
        </identifiers>
        <balance>9710000.000000000000</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>456410.580000000000</valUSD>
        <pctVal>2.8229497074</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2028-01-28</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>7.350000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alfa SAB de CV</name>
        <lei>549300ZCGJ6T8YDJ4M34</lei>
        <title>Alfa SAB de CV</title>
        <cusip>P0156P117</cusip>
        <identifiers>
          <isin value="MXP000511016"/>
          <ticker value="ALFAA"/>
        </identifiers>
        <balance>1020000.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>551822.060000000000</valUSD>
        <pctVal>3.4130802201</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupe SAB de CV</name>
        <lei>4469000001BIUGF8ZG79</lei>
        <title>Grupe SAB de CV</title>
        <cusip>P4948T122</cusip>
        <identifiers>
          <isin value="MX01CI030007"/>
          <ticker value="CIDMEGA*"/>
        </identifiers>
        <balance>329084.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>343057.690000000000</valUSD>
        <pctVal>2.1218495978</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fomento Economico Mexicano SAB</name>
        <lei>549300A8MDWDJNMLV153</lei>
        <title>Fomento Economico Mexicano SAB de CV</title>
        <cusip>P4182H115</cusip>
        <identifiers>
          <isin value="MXP320321310"/>
          <ticker value="FEMSAUBD"/>
        </identifiers>
        <balance>80675.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>495033.840000000000</valUSD>
        <pctVal>3.0618388246</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Gruma SAB de CV</name>
        <lei>5493000XJLJ6C4T0PG82</lei>
        <title>Gruma SAB de CV</title>
        <cusip>P4948K121</cusip>
        <identifiers>
          <isin value="MXP4948K1056"/>
          <ticker value="GRUMAB"/>
        </identifiers>
        <balance>26178.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>307184.210000000000</valUSD>
        <pctVal>1.8999681728</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Financiero Banorte SAB d</name>
        <lei>N/A</lei>
        <title>Grupo Financiero Banorte SAB de CV</title>
        <cusip>P49501201</cusip>
        <identifiers>
          <isin value="MXP370711014"/>
          <ticker value="GFNORTEO"/>
        </identifiers>
        <balance>36256.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>130166.450000000000</valUSD>
        <pctVal>0.8050938301</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Industrias Penoles SAB de CV</name>
        <lei>549300WA2HB7776CB324</lei>
        <title>Industrias Penoles SAB de CV</title>
        <cusip>P55409141</cusip>
        <identifiers>
          <isin value="MXP554091415"/>
          <ticker value="PE&amp;OLES*"/>
        </identifiers>
        <balance>35100.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>523763.600000000000</valUSD>
        <pctVal>3.2395355546</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Kimberly-Clark de Mexico SAB d</name>
        <lei>549300JGHL56QT00KT54</lei>
        <title>Kimberly-Clark de Mexico SAB de CV</title>
        <cusip>P60694117</cusip>
        <identifiers>
          <isin value="MXP606941179"/>
          <ticker value="KIMBERA"/>
        </identifiers>
        <balance>90700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>148429.300000000000</valUSD>
        <pctVal>0.9180515689</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Mexico SAB de CV</name>
        <lei>529900JWLZAYET2ZGW20</lei>
        <title>Grupo Mexico SAB de CV</title>
        <cusip>P49538112</cusip>
        <identifiers>
          <isin value="MXP370841019"/>
          <ticker value="GMEXICOB"/>
        </identifiers>
        <balance>366144.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>924778.890000000000</valUSD>
        <pctVal>5.7198592920</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>America Movil SAB de CV</name>
        <lei>5493000FNR3UCEAONM59</lei>
        <title>America Movil SAB de CV</title>
        <cusip>P0280A101</cusip>
        <identifiers>
          <isin value="MXP001691213"/>
          <ticker value="AMXL"/>
        </identifiers>
        <balance>3694482.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>2322435.550000000000</valUSD>
        <pctVal>14.3645196753</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Arca Continental SAB de CV</name>
        <lei>254900U2BSJCQHJCXN24</lei>
        <title>Arca Continental SAB de CV</title>
        <cusip>P0448R103</cusip>
        <identifiers>
          <isin value="MX01AC100006"/>
          <ticker value="AC*"/>
        </identifiers>
        <balance>36456.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>179798.270000000000</valUSD>
        <pctVal>1.1120721034</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Grupo Cementos de Chihuahua SA</name>
        <lei>254900WY9XL8033CKX68</lei>
        <title>Grupo Cementos de Chihuahua SAB de CV</title>
        <cusip>P4948S124</cusip>
        <identifiers>
          <isin value="MX01GC2M0006"/>
          <ticker value="GCC*"/>
        </identifiers>
        <balance>84207.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>396459.650000000000</valUSD>
        <pctVal>2.4521466023</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley Institutional L</name>
        <lei>549300BI6Y5SI6BYPB26</lei>
        <title>Morgan Stanley Institutional Liquidity Funds - Government Portfolio</title>
        <cusip>61747C707</cusip>
        <identifiers>
          <isin value="US61747C7074"/>
          <ticker value="MVRXX"/>
        </identifiers>
        <balance>117012.070000000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>117012.070000000000</valUSD>
        <pctVal>0.7237325409</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>HSBC DISCOVERY MEXICO</name>
        <lei>N/A</lei>
        <title>HSBC DISCOVERY MEXICO</title>
        <cusip>N/A</cusip>
        <identifiers>
          <other otherDesc="USER DEFINED" value="ADM122319"/>
        </identifiers>
        <balance>300000.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>1315011.410000000000</valUSD>
        <pctVal>8.1334904093</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Axtel SAB de CV</name>
        <lei>549300BVRDR8XTSXAD13</lei>
        <title>Axtel SAB de CV</title>
        <cusip>P0606P105</cusip>
        <identifiers>
          <isin value="MX01AX040009"/>
          <ticker value="AXTELCPO"/>
        </identifiers>
        <balance>2762419.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>711240.660000000000</valUSD>
        <pctVal>4.3991018198</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Organizacion Soriana SAB de CV</name>
        <lei>4469000001BRXVIC3I64</lei>
        <title>Organizacion Soriana SAB de CV</title>
        <cusip>P8728U167</cusip>
        <identifiers>
          <isin value="MXP8728U1671"/>
          <ticker value="SORIANAB"/>
        </identifiers>
        <balance>267032.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>194739.580000000000</valUSD>
        <pctVal>1.2044857514</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares iBoxx $ Investment Gra</name>
        <lei>549300FYCXFXG8POR355</lei>
        <title>iShares iBoxx $ Investment Grade Corporate Bond ETF</title>
        <cusip>464287242</cusip>
        <identifiers>
          <isin value="US4642872422"/>
          <ticker value="LQD*"/>
        </identifiers>
        <balance>1516.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>209413.040000000000</valUSD>
        <pctVal>1.2952427176</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Fresnillo PLC</name>
        <lei>549300JXWH1UV5J0XV81</lei>
        <title>Fresnillo PLC</title>
        <cusip>G371E2108</cusip>
        <identifiers>
          <isin value="GB00B2QPKJ12"/>
          <ticker value="FRES*"/>
        </identifiers>
        <balance>20000.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>345989.670000000000</valUSD>
        <pctVal>2.1399842171</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Scotiabankinverlat - Scotia Gu</name>
        <lei>N/A</lei>
        <title>Scotiabankinverlat - Scotia Gubernamental SA de CV SIID</title>
        <cusip>P8535W315</cusip>
        <identifiers>
          <isin value="MX51SC3J00O1"/>
          <ticker value="SCOTAGE1"/>
        </identifiers>
        <balance>117658.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>20587.320000000000</valUSD>
        <pctVal>0.1273348417</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Infraestructura Energetica Nov</name>
        <lei>715K4H1JYF3O6JOK1411</lei>
        <title>Infraestructura Energetica Nova SAB de CV</title>
        <cusip>P5R19K107</cusip>
        <identifiers>
          <isin value="MX01IE060002"/>
          <ticker value="IENOVA*"/>
        </identifiers>
        <balance>289602.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>861193.460000000000</valUSD>
        <pctVal>5.3265764040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Alpek SAB de CV</name>
        <lei>549300PWKJTP62D4IQ66</lei>
        <title>Alpek SAB de CV</title>
        <cusip>P01703100</cusip>
        <identifiers>
          <isin value="MX01AL0C0004"/>
          <ticker value="ALPEKA"/>
        </identifiers>
        <balance>620379.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>488107.670000000000</valUSD>
        <pctVal>3.0189997003</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Corp Inmobiliaria Vesta SAB de</name>
        <lei>4469000001BIRIFZJ959</lei>
        <title>Corp Inmobiliaria Vesta SAB de CV</title>
        <cusip>P9781N108</cusip>
        <identifiers>
          <isin value="MX01VE0M0003"/>
          <ticker value="VESTA*"/>
        </identifiers>
        <balance>202634.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>302653.520000000000</valUSD>
        <pctVal>1.8719453562</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Telesites SAB de CV</name>
        <lei>N/A</lei>
        <title>Telesites SAB de CV</title>
        <cusip>P90355135</cusip>
        <identifiers>
          <isin value="MX01SI080038"/>
          <ticker value="SITESB1"/>
        </identifiers>
        <balance>896708.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>670466.010000000000</valUSD>
        <pctVal>4.1469061186</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>CFE Capital S de RL de CV</name>
        <lei>N/A</lei>
        <title>CFE Capital S de RL de CV</title>
        <cusip>P2R51T450</cusip>
        <identifiers>
          <isin value="MXFEFC0C0003"/>
          <ticker value="FCFE18"/>
        </identifiers>
        <balance>441356.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="22.255000000000"/>
        <valUSD>498372.330000000000</valUSD>
        <pctVal>3.0824877530</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2020-08-17</ncom:dateSigned>
      <ncom:nameOfApplicant>Mexico Equity &amp; Income Fund Inc</ncom:nameOfApplicant>
      <ncom:signature>/s/ Maria Eugenia Pichardo</ncom:signature>
      <ncom:signerName>Maria Eugenia Pichardo</ncom:signerName>
      <ncom:title>President</ncom:title>
    </signature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
