The Ibero-America Fund Releases Monthly Portfolio Update
29 June 2011 - 6:06AM
PR Newswire (US)
NEW YORK, June 28, 2011 /PRNewswire/ -- The Ibero-America
Fund, Inc. (NYSE: SNF) (the "Fund") today released its monthly
portfolio update as of May 31,
2011.
The
Ibero-America Fund, Inc.
|
|
|
|
|
|
Top 10 Equity Holdings
w/Sector
|
|
|
|
|
Portfolio
%
|
Sector
|
|
1) Telefonica
SA
|
14.18%
|
Telecommunication
Services
|
|
2)
Banco Santander SA
|
10.50%
|
Financials
|
|
3)
Inditex SA
|
7.92%
|
Consumer
Discretionary
|
|
4)
Iberdrola SA
|
7.36%
|
Utilities
|
|
5) Repsol YPF
SA
|
6.28%
|
Energy
|
|
6) America Movil SAB
de CV
|
4.77%
|
Telecommunication
Services
|
|
7)
Banco Bilbao Vizcaya
Argentaria SA
|
4.76%
|
Financials
|
|
8) Criteria
Caixacorp SA
|
4.43%
|
Financials
|
|
9) Obrascon Huarte
Lain SA
|
3.46%
|
Industrials
|
|
10) Tecnicas
Reunidas SA
|
2.24%
|
Energy
|
|
|
|
|
|
Sector/Industry
Breakdown
|
|
|
|
|
|
Portfolio %
|
|
Financials
|
|
|
|
Commercial
Banks
|
|
19.00%
|
|
Diversified Financial
Services
|
|
5.95%
|
|
Insurance
|
|
2.05%
|
|
Consumer
Finance
|
|
1.93%
|
|
Real Estate Management
& Development
|
|
0.80%
|
|
SUBTOTAL
|
|
29.73%
|
|
Telecommunication
Services
|
|
|
|
Diversified
Telecommunication Services
|
|
14.18%
|
|
Wireless Telecommunication
Services
|
|
4.77%
|
|
SUBTOTAL
|
|
18.95%
|
|
Consumer
Discretionary
|
|
|
|
Specialty
Retail
|
|
7.92%
|
|
Household
Durables
|
|
2.26%
|
|
Auto Components
|
|
1.30%
|
|
Diversified Consumer
Services
|
|
1.07%
|
|
Media
|
|
0.73%
|
|
Hotels, Restaurants &
Leisure
|
|
0.65%
|
|
SUBTOTAL
|
|
13.93%
|
|
Energy
|
|
|
|
Oil, Gas & Consumable
Fuels
|
|
9.92%
|
|
Energy Equipment &
Services
|
|
2.24%
|
|
SUBTOTAL
|
|
12.16%
|
|
Utilities
|
|
|
|
Electric
Utilities
|
|
7.99%
|
|
Gas Utilities
|
|
0.74%
|
|
SUBTOTAL
|
|
8.73%
|
|
Industrials
|
|
|
|
Construction &
Engineering
|
|
5.40%
|
|
Commercial Services &
Supplies
|
|
1.84%
|
|
Machinery
|
|
0.92%
|
|
SUBTOTAL
|
|
8.16%
|
|
Consumer
Staples
|
|
|
|
Food & Staples
Retailing
|
|
2.14%
|
|
Beverages
|
|
1.18%
|
|
Personal
Products
|
|
0.64%
|
|
SUBTOTAL
|
|
3.96%
|
|
Health Care
|
|
|
|
Health Care Providers
& Services
|
|
1.34%
|
|
Pharmaceuticals
|
|
0.79%
|
|
SUBTOTAL
|
|
2.13%
|
|
Materials
|
|
|
|
Metals &
Mining
|
|
1.69%
|
|
SUBTOTAL
|
|
1.69%
|
|
Information
Technology
|
|
|
|
IT Services
|
|
0.52%
|
|
SUBTOTAL
|
|
0.52%
|
|
Short-Term
Investments
|
|
0.04%
|
|
Total
|
|
100.00%
|
|
|
|
|
|
Security
Type Breakdown
|
|
|
|
|
|
Portfolio
%
|
|
Common Stocks:
|
|
|
|
Foreign
|
|
99.96%
|
|
|
|
|
|
Short-Term
Investments:
|
|
|
|
Investment
Companies
|
|
0.04%
|
|
Total
Investments
|
|
100.00%
|
|
|
|
|
|
Country
Breakdown
|
|
|
|
|
|
Portfolio
%
|
|
Spain
|
|
73.51%
|
|
Brazil
|
|
14.24%
|
|
Mexico
|
|
11.31%
|
|
Portugal
|
|
0.62%
|
|
Chile
|
|
0.28%
|
|
Short-Term
|
|
0.04%
|
|
Total
Investments
|
|
100.00%
|
|
|
|
|
|
Net Currency Exposure
Breakdown
|
|
|
|
|
|
Portfolio
%
|
|
Euro Dollar
|
|
74.79%
|
|
Brazilian Real
|
|
14.02%
|
|
Mexican Peso
|
|
11.17%
|
|
Chilean Peso
|
|
0.28%
|
|
United States
Dollar
|
|
-0.26%
|
|
Total
Investments
|
|
100.00%
|
|
|
|
|
|
Portfolio
Statistics:
|
|
|
|
Total Net
Assets:
|
|
$71.31 Million
|
|
Net Asset
Value:
|
|
$8.01
|
|
Number of
Holdings:
|
|
43
|
|
|
|
|
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.
Copyright 2011 PR Newswire
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