<SEC-DOCUMENT>0001145549-25-022776.txt : 20250513
<SEC-HEADER>0001145549-25-022776.hdr.sgml : 20250513
<ACCEPTANCE-DATETIME>20250331154559
ACCESSION NUMBER:		0001145549-25-022776
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250131
FILED AS OF DATE:		20250331
DATE AS OF CHANGE:		20250331
PERIOD START:           	20250731

FILER:

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

	FILING VALUES:
		FORM TYPE:		NPORT-P
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-06111
		FILM NUMBER:		25792843

	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>
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        <issuerCredentials>
          <cik>0000863900</cik>
          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
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    </filerInfo>
  </headerData>
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    <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>2025-07-31</repPdEnd>
      <repPdDate>2025-01-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
      <totAssets>49547153.740000000000</totAssets>
      <totLiabs>224089.900000000000</totLiabs>
      <netAssets>49323063.840000000000</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>4290.960000000000</cshNotRptdInCorD>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
          <monthlyTotReturn rtn1="-3.44" rtn2="-1.34" rtn3="3.61"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="-759507.040000000000" netUnrealizedAppr="-1154485.050000000000"/>
        <othMon2 netRealizedGain="-339039.760000000000" netUnrealizedAppr="-151367.680000000000"/>
        <othMon3 netRealizedGain="-556751.340000000000" netUnrealizedAppr="1742942.430000000000"/>
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      <mon1Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>
      <mon2Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>
      <mon3Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>


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          <indexIdentifier>N/A</indexIdentifier>

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        <name>Alsea SAB de CV</name>
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      <invstOrSec>
        <name>MSILF Government Portfolio</name>
        <lei>549300BI6Y5SI6BYPB26</lei>
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          <ticker value="MVRXX"/>
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        <curCd>USD</curCd>
        <valUSD>548386.720000000000</valUSD>
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        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </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="20.722000000000"/>
        <valUSD>707788.280000000000</valUSD>
        <pctVal>1.4350046913</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>Grupo Comercial Chedraui SA de</name>
        <lei>4469000001BRXSV0JO96</lei>
        <title>Grupo Comercial Chedraui SA de CV</title>
        <cusip>P4612W104</cusip>
        <identifiers>
          <isin value="MX01CH170002"/>
          <ticker value="CHDRAUIB"/>
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        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
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        <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>
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      </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>N/A</cusip>
        <identifiers>
          <isin value="MX01WA000038"/>
          <ticker value="WALMEX*"/>
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        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
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        <pctVal>9.7271501535</pctVal>
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          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Nemak SAB de CV</name>
        <lei>5493000MY3DAIB0BP706</lei>
        <title>Nemak SAB de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01NE000001"/>
          <ticker value="NEMAKA"/>
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        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>La Comer SAB de CV</name>
        <lei>N/A</lei>
        <title>La Comer SAB de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01LA050010"/>
          <ticker value="LACOMUBC"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Alfa SAB de CV</name>
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          <ticker value="ALFAA"/>
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        <name>Gentera SAB de CV</name>
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      <invstOrSec>
        <name>Grupo Mexico SAB de CV</name>
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          <ticker value="GMEXICOB"/>
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        <name>El Puerto de Liverpool SAB de</name>
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          <isin value="MXP369181377"/>
          <ticker value="LIVEPOLC"/>
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        <name>Grupo Bimbo SAB de CV</name>
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        <title>Grupo Bimbo SAB de CV</title>
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          <ticker value="BIMBOA"/>
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        <name>Grupo Aeroportuario del Surest</name>
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          <isin value="MXP001661018"/>
          <ticker value="ASURB"/>
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        <name>Arca Continental SAB de CV</name>
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          <isin value="MX01AC100006"/>
          <ticker value="AC*"/>
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      </invstOrSec>
      <invstOrSec>
        <name>Grupo Aeroportuario del Centro</name>
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        <title>Grupo Aeroportuario del Centro Norte SAB de CV</title>
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          <isin value="MX01OM000018"/>
          <ticker value="OMAB"/>
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        <invCountry>MX</invCountry>
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      </invstOrSec>
      <invstOrSec>
        <name>Scotiabankinverlat - Scotia Gu</name>
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        <title>Scotiabankinverlat - Scotia Gubernamental SA de CV SIID</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX51SC3J00O1"/>
          <ticker value="SCOTAGE1"/>
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        <balance>1202787.000000000000</balance>
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        <valUSD>311731.950000000000</valUSD>
        <pctVal>0.6320206527</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>3</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>FIBRA Macquarie Mexico</name>
        <lei>4469000001BRQKG5JK62</lei>
        <title>FIBRA Macquarie Mexico</title>
        <cusip>P3515D155</cusip>
        <identifiers>
          <isin value="MXCFFI0U0002"/>
          <ticker value="FIBRAMQ"/>
        </identifiers>
        <balance>186074.000000000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>283573.830000000000</valUSD>
        <pctVal>0.5749314984</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>960271.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>2510273.140000000000</valUSD>
        <pctVal>5.0894509476</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>N/A</cusip>
        <identifiers>
          <isin value="MX01AM050019"/>
          <ticker value="2231887D"/>
        </identifiers>
        <balance>4635863.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>3237184.520000000000</valUSD>
        <pctVal>6.5632267503</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>Prologis Property Mexico SA de</name>
        <lei>N/A</lei>
        <title>Prologis Property Mexico SA de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MXCFFI170008"/>
          <ticker value="FIBRAPL"/>
        </identifiers>
        <balance>520333.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>1622117.160000000000</valUSD>
        <pctVal>3.2887599304</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 de CV</name>
        <lei>5493008KEVFYPMGTXO33</lei>
        <title>Coca-Cola Femsa SAB de CV</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX01KO000002"/>
          <ticker value="KOFUBL"/>
        </identifiers>
        <balance>172900.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>1358285.450000000000</valUSD>
        <pctVal>2.7538545748</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>200591.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>308504.740000000000</valUSD>
        <pctVal>0.6254776488</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>514525.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>4373785.290000000000</valUSD>
        <pctVal>8.8676269264</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>Cemex SAB de CV</name>
        <lei>549300RIG2CXWN6IV731</lei>
        <title>Cemex SAB de CV</title>
        <cusip>P2253T133</cusip>
        <identifiers>
          <isin value="MXP225611567"/>
          <ticker value="CEMEXCPO"/>
        </identifiers>
        <balance>6455014.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>3831515.890000000000</valUSD>
        <pctVal>7.7682033347</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>459682.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>3176646.190000000000</valUSD>
        <pctVal>6.4404883693</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>GCC SAB de CV</name>
        <lei>254900WY9XL8033CKX68</lei>
        <title>GCC SAB de CV</title>
        <cusip>P4948S124</cusip>
        <identifiers>
          <isin value="MX01GC2M0006"/>
          <ticker value="GCC*"/>
        </identifiers>
        <balance>234551.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>2179574.390000000000</valUSD>
        <pctVal>4.4189760739</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 Traxion SAB de CV</name>
        <lei>4469000001BS6B603745</lei>
        <title>Grupo Traxion SAB de CV</title>
        <cusip>P4989G104</cusip>
        <identifiers>
          <isin value="MX01TR0H0006"/>
          <ticker value="TRAXIONA"/>
        </identifiers>
        <balance>747634.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>601801.710000000000</valUSD>
        <pctVal>1.2201223183</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>MEXICO CETES</name>
        <lei>254900EGTWEU67VP6075</lei>
        <title>Mexico Cetes</title>
        <cusip>ZB7717935</cusip>
        <identifiers>
          <isin value="MXBIGO000W28"/>
        </identifiers>
        <balance>2493620</balance>
        <units>PA</units>
        <currencyConditional curCd="MXN" exchangeRt="20.722000000000"/>
        <valUSD>1176316.560000000000</valUSD>
        <pctVal>2.3849219177</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>NUSS</issuerCat>
        <invCountry>MX</invCountry>
        <isRestrictedSec>N</isRestrictedSec>
        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2025-04-30</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>.000000000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <signature>
      <ncom:dateSigned>2025-03-31</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>
