<SEC-DOCUMENT>0001145549-25-058234.txt : 20250912
<SEC-HEADER>0001145549-25-058234.hdr.sgml : 20250912
<ACCEPTANCE-DATETIME>20250912110942
ACCESSION NUMBER:		0001145549-25-058234
CONFORMED SUBMISSION TYPE:	NPORT-P
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20250731
FILED AS OF DATE:		20250912
DATE AS OF CHANGE:		20250912
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:		251310419

	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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          <ccc>XXXXXXXX</ccc>
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      <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>2025-07-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totAssets>58383010.270000000000</totAssets>
      <totLiabs>253925.750000000000</totLiabs>
      <netAssets>58129084.520000000000</netAssets>
      <assetsAttrMiscSec>0.000000000000</assetsAttrMiscSec>
      <assetsInvested>0.000000000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.000000000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.000000000000</amtPayOneYrCtrldComp>
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        <monthlyTotReturns>
          <monthlyTotReturn rtn1="5.28" rtn2="5.02" rtn3="1.91"/>
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        <othMon2 netRealizedGain="648859.980000000000" netUnrealizedAppr="584882.600000000000"/>
        <othMon3 netRealizedGain="-70828.210000000000" netUnrealizedAppr="-1192713.830000000000"/>
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      <mon2Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>
      <mon3Flow redemption=".000000000000" reinvestment=".000000000000" sales=".000000000000"/>


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        <name>Grupo Comercial Chedraui SA de</name>
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          <ticker value="CHDRAUIB"/>
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        <invCountry>MX</invCountry>
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      <invstOrSec>
        <name>Corp Inmobiliaria Vesta SAB de</name>
        <lei>4469000001BIRIFZJ959</lei>
        <title>Corp Inmobiliaria Vesta SAB de CV</title>
        <cusip>P9781N108</cusip>
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          <ticker value="VESTA*"/>
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        <name>Prologis Property Mexico SA de</name>
        <lei>N/A</lei>
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          <ticker value="FIBRAPL"/>
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        <name>Grupo Financiero Banorte SAB d</name>
        <lei>N/A</lei>
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        <name>Nemak SAB de CV</name>
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        <name>GCC SAB de CV</name>
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          <ticker value="2231887D"/>
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        <name>MSILF Government Portfolio</name>
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          <ticker value="MVRXX"/>
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        <name>Coca-Cola Femsa SAB de CV</name>
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        <name>Wal-Mart de Mexico SAB de CV</name>
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        <name>Alfa SAB de CV</name>
        <lei>549300ZCGJ6T8YDJ4M34</lei>
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        <cusip>P0156P117</cusip>
        <identifiers>
          <isin value="MXP000511016"/>
          <ticker value="ALFAA"/>
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        <valUSD>1856202.920000000000</valUSD>
        <pctVal>3.1932429959</pctVal>
        <payoffProfile>Long</payoffProfile>
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        <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>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"/>
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        <balance>567925.000000000000</balance>
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        <valUSD>5127129.960000000000</valUSD>
        <pctVal>8.8202489379</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>
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      </invstOrSec>
      <invstOrSec>
        <name>Grupo Aeroportuario del Surest</name>
        <lei>5299001W7JIDXCUOUC82</lei>
        <title>Grupo Aeroportuario del Sureste SAB de CV</title>
        <cusip>P4950Y100</cusip>
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          <isin value="MXP001661018"/>
          <ticker value="ASURB"/>
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        <balance>86274.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.865000000000"/>
        <valUSD>2615156.330000000000</valUSD>
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        <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*"/>
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        <balance>273920.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.865000000000"/>
        <valUSD>2854924.480000000000</valUSD>
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        <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"/>
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        <balance>1447133.000000000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="18.865000000000"/>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <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"/>
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        <balance>1180634.000000000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="18.865000000000"/>
        <valUSD>1037005.320000000000</valUSD>
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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>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>GBM Fondo de Corto Plazo SA de</name>
        <lei>N/A</lei>
        <title>GBM Fondo de Corto Plazo SA de CV SIID</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="MX51GB0B0032"/>
          <ticker value="GBMF2BX"/>
        </identifiers>
        <balance>19568409.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.865000000000"/>
        <valUSD>1210635.690000000000</valUSD>
        <pctVal>2.0826677385</pctVal>
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        <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>iShares USD Treasury Bond 0-1y</name>
        <lei>549300J3BL06YFMHJH80</lei>
        <title>iShares USD Treasury Bond 0-1yr UCITS ETF</title>
        <cusip>N/A</cusip>
        <identifiers>
          <isin value="IE00BJ5JMP33"/>
          <ticker value="IB1MXXN"/>
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        <balance>1800.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.865000000000"/>
        <valUSD>834116.090000000000</valUSD>
        <pctVal>1.4349375995</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>IE</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*"/>
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        <balance>200591.000000000000</balance>
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        <currencyConditional curCd="MXN" exchangeRt="18.865000000000"/>
        <valUSD>308356.160000000000</valUSD>
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        <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>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="18.865000000000"/>
        <valUSD>897014.690000000000</valUSD>
        <pctVal>1.5431426409</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>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>2261861.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.865000000000"/>
        <valUSD>1974707.170000000000</valUSD>
        <pctVal>3.3971069497</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 Aeroportuario del Pacifi</name>
        <lei>4469000001BZ368XFI90</lei>
        <title>Grupo Aeroportuario del Pacifico SAB de CV</title>
        <cusip>P4959P100</cusip>
        <identifiers>
          <isin value="MX01GA000004"/>
          <ticker value="GAPB"/>
        </identifiers>
        <balance>64700.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.865000000000"/>
        <valUSD>1486368.040000000000</valUSD>
        <pctVal>2.5570126422</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 Aeroportuario del Centro</name>
        <lei>529900HUSBARAFSXJ605</lei>
        <title>Grupo Aeroportuario del Centro Norte SAB de CV</title>
        <cusip>P49530101</cusip>
        <identifiers>
          <isin value="MX01OM000018"/>
          <ticker value="OMAB"/>
        </identifiers>
        <balance>96258.000000000000</balance>
        <units>NS</units>
        <currencyConditional curCd="MXN" exchangeRt="18.865000000000"/>
        <valUSD>1276789.790000000000</valUSD>
        <pctVal>2.1964732466</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>2025-09-11</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>
