Notes to Financial Statements
April 30, 2009
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in
The following is a summary of the inputs used as of April 30, 2009, in valuing the Fund’s investments:
The following is a reconciliation of the change in value of Level 3 assets (for which significant unobservable inputs were used
to determine fair value):
Security transactions and investment income — Security transactions are recorded on the date which the transactions are
entered into (the trade date). Dividend income is recorded on the ex-dividend date and interest income is recorded as earned.
Foreign Currency — The market value of Mexican securities, currency holdings and other assets and liabilities denominated in
Pesos (“Ps.”) was recorded in the financial statements after being translated into U.S. dollars based on the open market
exchange rate prevailing in Mexico City at the end of the period. The open market exchange rate at April 30, 2009 was Ps.13.8443
The identified cost of portfolio holdings is translated at approximate rates prevailing when acquired. Income and expense
amounts are translated at approximate rates prevailing when earned or incurred.
The Fund does not isolate that portion of the results of operations arising as a result of changes in the foreign exchange rates
from the fluctuations arising from changes in the market prices of securities during the year. Accordingly, the net realized and
unrealized gain on investments presented in the accompanying financial statements include the effects of both such changes.
• Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of
Level 1 — Quoted prices
Level 2 — Other significant observable inputs
Level 3 — Signi