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Pichardo Asset Management

Total Annual Average Dollar Return (dividens reinvested)
FUND1 MonthY-T-D1 Year3 Years5 Years10 YearsSince Inception in August 1990
MXE NAV-0.8 %16.37 %-1.36 %-5.67 %7.34 %1.75 %12.15 %
MXE NAV Return in Mexican Pesos-1.86 %4.53 %-0.54 %6.72 %13.04 %7.51 %20.25 %
MXE Market Price-1.45 %18.87 %0.09 %-5.88 %6.87 %2.02 %12.53 %
Mexbol Index 0.57 %19.46 %7.8 %-5.12 %1.36 %0.58 %10.06 %
Excess Return vs. MEXBOL Index -137-309-954-66591114209

Source: U.S. Bancorp, Bloomberg, Thomson.
Past Performance does not guarantee future results.



Total Annual Average Dollar Return through .
(dividens reinvested)
FUNDY-T-D1 Year3 Years5 Years10 YearsSince Inception in August 1990
MXE Common Share Market Price0.55 %-10.75 %-8.72 %2.91 %3.59 %11 %
MXF Common Share Market Price-3.28 %-6.01 %-12.26 %-0.9 %0.85 %8 %

Source: U.S. Bancorp, Bloomberg, Thomson.
Past Performance does not guarantee future results.



MXE’s Net Asset Value per Share Dollar Return Versus Other Benchmarks

One-year to May 31, 2017.

Source: U.S. Bancorp, Bloomberg, Thomson.
Past Performance does not guarantee future results.



Monthly Return (USD)

May 31, 2017.

Monthly Return (USD)
MXEMSCIMEXBOLMXF
JANUARY.662.211.921.91
FEBRUARY3.273.393.722.71
MARCH11.959.810.9811.5
APRIL.81.861.25.6
MAY-.8.37.57-.32

Source: U.S. Bancorp, Bloomberg, Thomson.
Past Performance does not guarantee future results.



Source: U.S. Bancorp, Bloomberg, Thomson.
Past Performance does not guarantee future results.



MXE vs. Mexican Open-end Funds



Source: U.S. Bancorp, Bloomberg, Thomson.
Past Performance does not guarantee future results.