The Ibero-America Fund Releases Monthly Portfolio Update

NEW YORK, Feb. 26 /PRNewswire-FirstCall/ -- The Ibero-America Fund, Inc. (NYSE: SNF) (the "Fund") today released its monthly portfolio update as of January 31, 2010.

    
    
    
    Top 10 Equity Holdings
    
                                            Portfolio %         Sector
        1)Telefonica SA                          16.67%  Telecommunication
                                                              Services
        2)Banco Santander Central Hispano SA     14.28%     Financials
        3)Banco Bilbao Vizcaya Argentaria SA      7.36%     Financials
        4)Repsol YPR SA                           4.83%         Energy 
        5)America Movil SAB de CV Series L        4.24%  Telecommunication
                                                              Services
        6)Inditex SA                              4.13%       Consumer
                                                            Discretionary
        7)Iberdrola SA                            3.40%      Utilities
        8)Ebro Puleva SA                          2.83%       Consumer
                                                               Staples
        9)Corporacion Financiera Alba             2.71%     Financials
       10)Iberdrola Renovables SA                 2.68%      Utilities
    
    
    Sector/Industry Breakdown
                                                         
                                                          Portfolio %
         Financials:
             Commercial Banks                                  23.96%
             Diversified Financial Services                     5.95%
             Insurance                                          3.15%
             Consumer Finance                                   1.00%
             SUBTOTAL                                          34.06%
         Telecommunication Services:
             Diversified Telecommunication Services            16.67%
             Wireless Telecommunication Services                4.23%
             SUBTOTAL                                          20.90%
         Industrials:
             Construction & Engineering                         4.90%
             Transportation Infrastructure                      2.66%
             Commercial Services & Supplies                     1.96%
             Electrical Equipment                               1.13%
             Machinery                                          0.51%
             SUBTOTAL                                          11.16%
         Utilities:
             Electric Utilities                                 4.14%
             Independent Power Producers & Energy               3.19%
             Traders                                            
             Gas Utilities                                      2.85%
             SUBTOTAL                                          10.18%
         
         
         Energy:
             Oil, Gas & Consumable Fuels                        4.84%
             Energy Equipment & Services                        2.37%
             SUBTOTAL                                           7.21%
         Consumer Discretionary:
             Specialty Retail                                   4.13%
             Household Durables                                 0.53%
             Hotels, Restaurants & Leisure                      0.52%
             SUBTOTAL                                           5.18%
         Consumer Staples:
             Food Products                                      4.57%
         Information Technology:
             IT Services                                        2.60%
             Communications Equipment                           0.83%
             SUBTOTAL                                           3.43%
         Materials:
             Metals & Mining                                    3.17%
         Short-Term Investments                                 0.14%
         Total                                                100.00%
    
    
    Security Type Breakdown
                                                           Portfolio%
         Common Stocks:
            Foreign                                            99.86%
         Short-Term Investments                                 0.14%
         Total                                                100.00%
    
    Country Breakdown
                                                           Portfolio%
                Spain                                          87.31%
                Mexico                                          5.77%
                Portugal                                        3.73%
                Brazil                                          3.05%
                Short-Term                                      0.14%
                Total                                         100.00%
    
    
         Portfolio Statistics
          Total Net Assets:         $64.4 Million
          Net Asset Value:          $7.24
          Number of Holdings:       39
    

The foregoing portfolio characteristics are as of the date indicated and can be expected to change.  The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

SOURCE The Ibero-America Fund, Inc.