The Itaú Sustainability ETF (ISUS11) is a Brazilian exchange-traded fund designed to track the performance of the Corporate Sustainability Index (ISE – Índice de Sustentabilidade Empresarial), one of Brazil's leading ESG equity benchmarks. Managed by Itaú Asset Management, the ETF trades on the B3 and provides investors with diversified exposure to Brazilian companies recognized for their environmental, social, and corporate governance (ESG) practices.

Classified as an equity ETF, ISUS11 follows a passive management strategy. The fund seeks to replicate the performance of the ISE by investing in the companies that comprise the index, which selects constituents based on a comprehensive assessment of sustainability-related criteria.

The ISE includes companies that demonstrate strong corporate governance, environmental responsibility, social impact, and transparency. Constituents are periodically reviewed according to the index methodology, ensuring the portfolio continues to represent companies with leading sustainability practices in the Brazilian market.

Composition / Exposure Profile

ISUS11 provides exposure primarily to:

• Brazilian companies with strong ESG characteristics.

• Utilities.

• Financial institutions.

• Consumer companies.

• Energy and basic materials businesses.

• The Brazilian equity market.

The ETF is designed to provide diversified exposure to companies that integrate sustainability into their business models and corporate governance practices. Although sector allocations evolve over time, the index has historically maintained significant exposure to utilities and financials, alongside companies operating in consumer goods, industrials, healthcare, energy, and other sectors of the Brazilian economy.

Because of its broad equity exposure, the fund's performance is influenced by macroeconomic conditions, corporate earnings, sector rotation, and investor sentiment toward Brazilian equities, while also reflecting the growing importance of ESG considerations in capital allocation and corporate strategy.

Structure and Costs

ISUS11 shares trade on the secondary market on the B3 during regular trading hours. Share creation and redemption are carried out by authorized participants, helping to keep the ETF's market price aligned with its net asset value (NAV).

The fund charges a maximum total expense ratio of approximately 0.40% per year and does not charge a performance fee.

ISUS11 does not make recurring income distributions. Dividends received from portfolio holdings are automatically reinvested into the fund, contributing to the growth of its net asset value over time. The ETF has an indefinite term.

History and Evolution of the ETF

The Itaú Sustainability ETF was launched in 2011 to provide investors with an exchange-traded investment aligned with environmental, social, and governance principles within the Brazilian equity market.

Since its launch, ISUS11 has become one of Brazil's established ESG-focused ETFs, reflecting the steady expansion of sustainable investing among institutional and individual investors. 

Over time, the fund's performance has closely tracked the companies included in the ISE, influenced by macroeconomic conditions, sector performance, corporate earnings, and the continued evolution of sustainability practices and ESG standards across Brazil's corporate landscape.

Additional Information

Itaú Sustainability ETF (Brazil) is an exchange-traded fund (ETF), with assets under management totaling $15.09 million.

Over the past 12 months, Itaú Sustainability ETF recorded a return of 7.04%, with its price trading between $37.57 and $49.97 during the same period.

The ETF is traded under the ticker ISUS11.