NEW YORK, July 26 /PRNewswire-FirstCall/ -- The Spain Fund, Inc. (the "Fund") today released its monthly portfolio update as of June 30, 2007.
Top 10 Equity Holdings
Portfolio% Country
1) Telefonica Sa 15.70% Spain
2) Banco Bilbao Vizcaya Argenta 14.95% Spain
3) Iberdrola Sa 8.89% Spain
4) Banco Santander Central Hisp 7.02% Spain
5) Repsol Sa 6.34% Spain
6) Altadis Sa 4.95% Spain
7) Inditex 4.94% Spain
8) Corp Dermoestetica 3.89% Spain
9) Indra Sistemas Sa 3.36% Spain
10) Enagas 3.33% Spain
Sector/Industry Breakdown
Portfolio%
Utilities:
Electric & Gas Utility 17.09%
Telephone Utility 15.70%
SUBTOTAL 32.79%
Finance:
Banking - Money Center 21.97%
Banking - Regional 4.81%
Insurance 2.03%
SUBTOTAL 28.81%
Consumer Services:
Apparel 4.94%
Miscellaneous 2.07%
Broadcasting & Cable 1.57%
SUBTOTAL 8.58%
Energy 6.34%
Healthcare:
Medical Services 3.89%
Miscellaneous 1.54%
SUBTOTAL 5.43%
Consumer Staples 4.95%
Capital Goods 3.80%
Technology 3.36%
Multi Industry Companies 3.01%
Aerospace & Defense 2.03%
Consumer Manufacturing 0.90%
Total 100.00%
Security Type Breakdown
Portfolio%
Foreign Equity 100.00%
Total 100.00%
Country Breakdown
Portfolio%
Spain 97.97%
Netherlands 2.03%
Total 100.00%
Portfolio Statistics
Total Net Assets: $122.5 Million
Net Asset Value: $13.95
Number of Holdings: 24
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.
