NEW YORK, Aug. 30, 2011 /PRNewswire/ -- The Ibero-America Fund, Inc. (NYSE: SNF) (the "Fund") today released its monthly portfolio update as of July 31, 2011. 


                          The Ibero-America Fund, Inc.

    Top 10 Equity
     Holdings w/
     Sector
                                  Portfolio %                          Sector
    1) Telefonica
     SA                                 14.48%      Telecommunication Services
    2) Banco
     Santander SA                       10.33%                      Financials
    3) Inditex SA                        8.75%          Consumer Discretionary
    4) Iberdrola
     SA                                  7.51%                       Utilities
    5) Repsol YPF
     SA                                  6.45%                          Energy
    6) America
     Movil SAB de
     CV                                  5.19%      Telecommunication Services
    7) Banco
     Bilbao
     Vizcaya
     Argentaria
     SA                                  4.73%                      Financials
    8) Criteria
     Caixacorp SA                        3.91%                      Financials
    9) Obrascon
     Huarte Lain
     SA                                  3.27%                     Industrials
    10) QGEP
     Participacoes
     SA                                  2.31%                          Energy

    Sector/
     Industry
     Breakdown
                                  Portfolio %
    Financials
       Commercial
        Banks                           18.92%
       Diversified
        Financial
        Services                         5.39%
       Insurance                         2.23%
       Consumer
        Finance                          2.02%
       Real Estate
        Management &
        Development                      0.89%
       SUBTOTAL                         29.45%
     Telecommunication
     Services
       Diversified
        Telecommunication
        Services                        14.48%
       Wireless
        Telecommunication
        Services                         5.19%
       SUBTOTAL                         19.67%
    Consumer
     Discretionary
       Specialty
        Retail                           8.74%
       Household
        Durables                         2.22%
       Auto
        Components                       1.39%
       Diversified
        Consumer
        Services                         1.08%
       Media                             0.83%
       Hotels,
        Restaurants
        & Leisure                        0.60%
       SUBTOTAL                         14.86%
    Energy
       Oil, Gas &
        Consumable
        Fuels                           11.02%
       SUBTOTAL                         11.02%
    Utilities
       Electric
        Utilities                        8.15%
       Gas Utilities                     0.80%
       SUBTOTAL                          8.95%
    Industrials
       Construction
        &
        Engineering                      5.44%
       Commercial
        Services &
        Supplies                         1.63%
       Machinery                         1.02%
       SUBTOTAL                          8.09%
    Consumer
     Staples
       Food &
        Staples
        Retailing                        2.19%
       Beverages                         1.26%
       Personal
        Products                         0.58%
       SUBTOTAL                          4.03%
    Health Care
       Health Care
        Providers &
        Services                         1.31%
       Pharmaceuticals                   0.81%
       SUBTOTAL                          2.12%
    Information
     Technology
       IT Services                       1.12%
       SUBTOTAL                          1.12%
    Materials
       Metals &
        Mining                           0.53%
       SUBTOTAL                          0.53%
    Short-Term
     Investments                         0.16%
    Total                              100.00%

    Security Type
     Breakdown
                                  Portfolio %
    Common
     Stocks:
       Foreign                          99.84%

    Short-Term
     Investments:
       Investment
        Companies                        0.16%
    Total
     Investments                       100.00%

    Country
     Breakdown
                                  Portfolio %
    Spain                               72.79%
    Brazil                              14.13%
    Mexico                              11.96%
    Portugal                             0.65%
    Chile                                0.31%
    Short-Term                           0.16%
    Total
     Investments                       100.00%

    Net Currency
     Exposure
     Breakdown
                                  Portfolio %
    Euro Dollar                         74.88%
    Brazilian
     Real                               13.56%
    Mexican Peso                        11.55%
    Chilean Peso                         0.30%
    United States
     Dollar                             -0.29%
    Total
     Investments                       100.00%

    Portfolio
     Statistics:
       Total Net
        Assets:                $65.63 Million
       Net Asset
        Value:                          $7.37
       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.