The Ibero-America Fund Releases Monthly Portfolio Update

NEW YORK, Oct. 26 /PRNewswire-FirstCall/ -- The Ibero-America Fund, Inc. (NYSE: SNF) (the "Fund") today released its monthly portfolio update as of September 30, 2010.

    
    
                                  The Ibero-America Fund, Inc. 
    
    Top 10 Equity Holdings w/Sector 
                                    Portfolio %            Sector
    1) Telefonica SA                11.77%    Telecommunication Services
    2) Banco Santander SA           11.62%    Financials
    3) Inditex SA                    7.73%    Consumer Discretionary
    4) America Movil SAB de CV       5.80%    Telecommunication Services
    5) Banco Bilbao Vizcaya          5.77%    Financials Argentaria SA
    6) Repsol YPF SA                 5.06%    Energy
    7) Investimentos Itau SA         4.07%    Financials (Preference Shares)
    8) Iberdrola SA                  3.07%    Utilities
    9) Obrascon Huarte Lain SA       2.78%    Industrials
    10)Ebro Puleva SA                2.74%    Consumer Staples
    
    
      Sector/Industry Breakdown
                                                               Portfolio %
          Financials
               Commercial Banks                                 22.36%
               Diversified Financial Services                    5.62%
               Insurance                                         1.89%
               Consumer Finance                                  1.71%
               Real Estate Management & Development              0.99%
               SUBTOTAL                                         32.57%
          Telecommunication Services
               Diversified Telecommunication Services           11.76%
               Wireless Telecommunication Services               5.80%
               SUBTOTAL                                         17.56%
          Consumer Discretionary
               Specialty Retail                                  7.72%
               Household Durables                                1.94%
               Diversified Consumer Services                     0.95%
               SUBTOTAL                                         10.61%
          Consumer Staples
               Food Products                                     6.05%
               Food & Staples Retailing                          1.95%
               Beverages                                         1.46%
               SUBTOTAL                                          9.46%
          Energy
               Oil, Gas & Consumable Fuels                       5.06%
               Energy Equipment & Services                       2.26%
               SUBTOTAL                                          7.32%
          Industrials
               Construction & Engineering                        2.78%
               Commercial Services & Supplies                    2.48%
               Transportation Infrastructure                     1.97%
               SUBTOTAL                                          7.23%
          Utilities
               Electric Utilities                                3.69%
               Gas Utilities                                     2.47%
               Independent Power Producers & Energy              1.05%
               Traders
               SUBTOTAL                                          7.21%
          Materials
               Metals & Mining                                   5.38%
               Paper & Forest Products                           1.39%
               SUBTOTAL                                          6.77%
          Health Care
               Health Care Providers & Services                  1.22%
               SUBTOTAL                                          1.22%
          Short-Term Investments                                 0.05%
      Total                                                    100.00%
    
    
    Security Type Breakdown
                                             Portfolio %
      Common Stocks:
           Foreign                              99.95%
    
      Short-Term Investments:
           Investment Companies                  0.05%
      Total Investments                        100.00%
    
    
        Country Breakdown
                                             Portfolio %
         Spain                                  70.73%
         Brazil                                 17.40%
         Mexico                                 11.21%
         Portugal                                0.61%
         Short-Term                              0.05%
         Total Investments                     100.00%
    
    
    Portfolio Statistics: 
         Total Net Assets:                      $66.2
         Net Asset Value:                       $7.44
         Number of Holdings:                       42

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.

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