- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 400 Howard Street San Francisco CA United States of America 94105
- IPO Date
- Jul 20, 2017
- Business
- iShares ESG Aware USD Corporate Bond ETF (SUSC) is an exchange-traded fund that seeks to track the investment results of an index composed of U.S. dollar-denominated, investment-grade corporate bonds issued by companies with positive environmental, social, and governance (ESG) characteristics, while aiming to deliver risk and return profiles similar to the broader Bloomberg U.S. Corporate Index. The ETF primarily invests at least 90% of its assets in component securities of the index, including USD-denominated investment-grade corporate bonds from issuers across financial services, healthcare, utilities, and real estate sectors; it may also allocate up to 10% to futures, options, swap contracts, cash equivalents, and select non-index securities to facilitate tracking. Top holdings typically include bonds from issuers such as Bank of America Corp., JPMorgan Chase & Co., Morgan Stanley, Goldman Sachs Group Inc., and Citigroup Inc., alongside non-U.S. names like HSBC Holdings PLC and Bank of Nova Scotia, providing exposure to approximately 4,000 holdings with a focus on mid-duration, moderate interest-rate sensitivity corporate bonds.
Launched on July 11, 2017, and domiciled in the United States, SUSC is issued and managed by BlackRock, Inc. (NYSE: BLK), headquartered in New York, New York, as part of the iShares family of ETFs offered through iShares Trust. The fund operates with a low expense ratio of 0.18%, daily pricing, and total net assets exceeding $1.2 billion, targeting institutional and retail investors seeking ESG-screened fixed income exposure in developed North American markets, with incidental non-U.S. bond holdings comprising around 20%. It emphasizes sustainability metrics via MSCI ESG ratings, excluding issuers involved in controversial activities, and follows a passive management strategy led by portfolio managers James Mauro (since inception) and Karen Uyehara (since June 2024).
In recent developments, SUSC has seen portfolio manager transitions and ongoing product enhancements within BlackRock's broader iShares platform, including expanded listings such as on Cboe Global Exchange in February 2024, amid steady inflows from investors like Capital Wealth Advisors LLC and LPL Financial LLC in 2023-2024. BlackRock announced general product updates in June 2025, liquidating select underperforming ESG-related ETFs but confirming SUSC's continuity as a core offering, reflecting adaptation to regulatory naming guidelines and client preferences without altering its methodology or ESG focus. These changes align with BlackRock's evolution of its sustainable investing platform, which manages over $1 trillion in ESG and transition assets globally.