Form 497 XBRL

0001193125-18-047446.txt : 20180216 0001193125-18-047446.hdr.sgml : 20180216 20180215174332 ACCESSION NUMBER: 0001193125-18-047446 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 17 FILED AS OF DATE: 20180216 DATE AS OF CHANGE: 20180215 EFFECTIVENESS DATE: 20180216 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iSHARES TRUST CENTRAL INDEX KEY: 0001100663 IRS NUMBER: 943351276 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-92935 FILM NUMBER: 18618899 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415) 670-2000 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES TRUST DATE OF NAME CHANGE: 19991213

0001100663 S000060088 iShares Edge U.S. Fixed Income Balanced Risk ETF

C000196720 iShares Edge U.S. Fixed Income Balanced Risk ETF FIBR

497 1 d531363d497.htm FORM 497 XBRL Form 497 XBRL

LOGO

Tracie Coop

State Street

1 Iron Street CCB 1102

Boston, MA 02210

Tel +1 617 662 0717

TCoop@statestreet.com

February 15, 2018

Securities and Exchange Commission

100 F Street, N.E.

Washington, DC 20549

RE:	iShares Trust (the “Registrant”)

Securities Act File No. 333-92935

Investment Company Act File No. 811-09729

Ladies and Gentlemen:

On behalf of the Registrant and pursuant to Rule 497 under the Securities Act of 1933, as amended, attached for filing are exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information in the 497 filing, dated February 5, 2018 to the prospectus for the iShares Edge U.S. Fixed Income Balanced Risk ETF.

The purpose of this filing is to submit the 497 dated February 5, 2018 in XBRL.

If you have any questions regarding this filing, please contact Benjamin Haskin of Willkie Farr & Gallagher LLP at (202) 303-1124.

Very truly yours,

/s/ Tracie Coop

Tracie Coop

cc: Benjamin Haskin, Esq.

EX-101.INS 2 ist-20180205.xml XBRL INSTANCE DOCUMENT 0001100663 2017-12-21 2017-12-21 0001100663 ist:S000060088Member 2017-12-21 2017-12-21 0001100663 ist:S000060088Member ist:C000196720Member 2017-12-21 2017-12-21 0001100663 ist:S000060088Member ist:C000196720Member rr:AfterTaxesOnDistributionsMember 2017-12-21 2017-12-21 0001100663 ist:S000060088Member ist:C000196720Member rr:AfterTaxesOnDistributionsAndSalesMember 2017-12-21 2017-12-21 0001100663 ist:S000060088Member ist:BloombergBarclaysUsAggregateBondIndexMember 2017-12-21 2017-12-21 0001100663 ist:S000060088Member ist:BloombergBarclaysUSFixedIncomeBalancedRiskIndexMember 2017-12-21 2017-12-21 pure iso4217:USD 2017-12-21 497 2016-10-31 iSHARES TRUST 0001100663 false 2018-02-05 2018-02-05 iSHARES® EDGE U.S. FIXED INCOME BALANCED RISK ETF Ticker: FIBR                                 Stock Exchange: Cboe BZX Investment Objective The iShares Edge U.S. Fixed Income Balanced Risk ETF (the “Fund”) seeks to track the investment results of an index, composed of taxable U.S. dollar-denominated bonds and U.S. Treasury futures, which targets an equal allocation between interest rate and credit spread risk. Fees and Expenses The following table describes the fees and expenses that you will incur if you own shares of the Fund. The investment advisory agreement between iShares Trust (the “Trust”) and BlackRock Fund Advisors (“BFA”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except the management fees, interest expenses, taxes, expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, distribution fees or expenses, litigation expenses and any extraordinary expenses. The Fund may incur “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund's pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus (the “Prospectus”). BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fees in an amount equal to the Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates, through February 29, 2024. The contractual waiver may be terminated prior to February 29, 2024 only upon written agreement of the Trust and BFA. You may also incur usual and customary brokerage commissions and other charges when buying or selling shares of the Fund, which are not reflected in the Example that follows: Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investments) Example. This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: Portfolio Turnover. The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. The Fund previously operated as a series of iShares U.S. ETF Trust (the “Predecessor Fund”). During the most recent fiscal year, the Predecessor Fund’s portfolio turnover rate was 569% of the average value of its portfolio. Principal Investment Strategies The Fund seeks to track the Bloomberg Barclays U.S. Fixed Income Balanced Risk Index (the “Underlying Index”), which measures the performance of the corporate and mortgage portion of the Bloomberg Barclays U.S. Universal Index (the “Parent Index”) while targeting an equal allocation between interest rate and credit spread risk. As of November 24, 2017, approximately 84.9% of the Underlying Index consisted of issuers organized or located in the United States, and there were 5,572 issues in the Underlying Index from issuers in over 30 countries or regions. The Underlying Index may include large-, mid- or small-capitalization companies. Components of the Underlying Index primarily include mortgage-backed securities (“MBS”) and financials companies. A significant portion of the portfolio is invested in U.S. dollar-denominated investment-grade and high yield fixed-income securities (commonly known to investors as “junk bonds”). The components of the Underlying Index, and the degree to which these components represent certain industries, are likely to change over time. Securities may be registered or privately placed. The Underlying Index uses a rules-based approach to calculate an equal volatility-weighted allocation to each of five segments of the Parent Index: (1) investment-grade corporate bonds 1-5 year; (2) investment-grade corporate bonds 5-10 year; (3) high yield corporate bonds rated BB or higher; (4) high yield corporate bonds rated below BB; and (5) U.S. agency MBS. Segments with lower credit spread volatility receive a higher weighting, and segments with higher credit spread volatility receive a lower weighting, with the result that the contribution of each segment to overall credit spread volatility is approximately equal. Credit spread volatility for investment-grade corporate securities and MBS components are measured differently than the Fund’s high yield securities, but aim to capture the volatility of the return attributable to the credit quality of the security. To increase overall yield and credit spread exposure, the Underlying Index incorporates a leverage factor of up to 25% that redeploys MBS exposure, via cash pending settlement from to-be-announced (“TBA”) mortgage transactions, toward other index constituent securities. The Underlying Index further adjusts interest rate risk so that it equals credit spread risk, by adding either long positions in U.S. Treasury bonds or short positions in U.S. Treasury futures. The Underlying Index is rebalanced monthly. BFA uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued. Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies. BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index. The Fund generally will invest at least 90% of its assets in the component securities of the Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of the Underlying Index (i.e., TBAs) and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (“BlackRock Cash Funds”), as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. From time to time when conditions warrant, however, the Fund may invest at least 80% of its assets in the component securities of the Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of the Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of BlackRock Cash Funds, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund. The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received). The Underlying Index is sponsored by Bloomberg Index Services Limited (Bloomberg), which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. Summary of Principal Risks As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. The Fund is subject to certain risks, including the principal risks noted below, any of which may adversely affect the Fund's net asset value per share (“NAV”), trading price, yield, total return and ability to meet its investment objective. Asset Class Risk. Securities and other assets in the Underlying Index or in the Fund's portfolio may underperform in comparison to the general financial markets, a particular financial market or other asset classes. Assets Under Management (AUM) Risk. From time to time, an Authorized Participant (as defined in the Creations and Redemptions section of this Prospectus), a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, or a fund may invest in the Fund and hold its investment for a specific period of time in order to facilitate commencement of the Fund’s operations or to allow the Fund to achieve size or scale. There can be no assurance that any such entity would not redeem its investment or that the size of the Fund would be maintained at such levels, which could negatively impact the Fund. Authorized Participant Concentration Risk. Only an Authorized Participant may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as Authorized Participants on an agency basis (i.e., on behalf of other market participants). To the extent that Authorized Participants exit the business or are unable to proceed with creation or redemption orders with respect to the Fund and no other Authorized Participant is able to step forward to create or redeem Creation Units (as defined in the Purchase and Sale of Fund Shares section of the Prospectus), Fund shares may be more likely to trade at a premium or discount to NAV and possibly face trading halts or delisting. Balancing Risk Exposure Strategy Risk. The Fund seeks long exposure to investment-grade and high-yield corporate bonds, long exposure to U.S. dollar-denominated MBS and TBAs, long exposure to U.S. Treasury securities and short exposure to U.S. Treasury futures and/or swaps, with a goal of balancing the expected contribution to risk from interest rates and credit spreads. There is no guarantee that the interest rate risk and credit spread risk will be balanced, or that the returns on the Fund’s long or short positions will produce high, or even positive, returns and the Fund could lose money if either or both the Fund’s long and short positions produce negative returns. Call Risk. During periods of falling interest rates, an issuer of a callable bond held by the Fund may “call” or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds in securities with lower yields, which would result in a decline in the Fund's income, or in securities with greater risks or with other less favorable features. Concentration Risk. The Fund may be susceptible to an increased risk of loss, including losses due to adverse events that affect the Fund’s investments more than the market as a whole, to the extent that the Fund's investments are concentrated in the securities of a particular issuer or issuers, country, group of countries, region, market, industry, group of industries, sector or asset class. Credit Risk. Debt issuers and other counterparties may be unable or unwilling to make timely interest and/or principal payments when due or otherwise honor their obligations. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also adversely affect the value of the Fund’s investment in that issuer. The degree of credit risk depends on an issuer’s or counterparty’s financial condition and on the terms of an obligation. Credit Spread Risk. Credit spread risk is the risk that credit spreads (i.e., the difference in yield between securities that have differences in credit quality or other factors) may increase, which may reduce the market values of the Fund's securities. While the Fund may employ strategies to mitigate credit spread risk, these strategies may not be successful. Cyber Security Risk. Failures or breaches of the electronic systems of the Fund, the Fund's adviser, distributor, and other service providers, market makers, Authorized Participants or the issuers of securities in which the Fund invests have the ability to cause disruptions and negatively impact the Fund’s business operations, potentially resulting in financial losses to the Fund and its shareholders. While the Fund has established business continuity plans and risk management systems seeking to address system breaches or failures, there are inherent limitations in such plans and systems. Furthermore, the Fund cannot control the cyber security plans and systems of the Fund’s service providers, the Index Provider, market makers, Authorized Participants or issuers of securities in which the Fund invests. Derivatives Risk. The Fund may use futures, options and swaps in seeking to achieve the Fund’s investment objective. The Fund’s use of futures, options and swaps, like investment in other derivatives, may reduce the Fund’s returns or increase volatility. Volatility is defined as the characteristic of a security, an index or a market to fluctuate significantly in price within a short time period. Futures and swaps, like other derivatives, are also subject to counterparty risk, which is the risk that the other party in the transaction will not fulfill its contractual obligation. Futures, similar to other derivatives, are also subject to the possible lack of a liquid secondary market for a futures contract and the resulting inability to close a futures contract when desired, exposing the Fund to losses and making it more difficult for the Fund to value accurately. A risk of the Fund’s use of derivatives is that the fluctuations in their values may not correlate perfectly with the value of the underlying asset, the performance of the asset class to which the Fund seeks exposure or to the performance of the overall securities markets. For example, to the extent that the Fund writes or sells an option, if the decline or increase in the underlying asset is significantly below or above the exercise price of the written option, the Fund could experience a substantial loss. The Fund could also suffer losses related to its derivatives positions as a result of unanticipated market movements, which losses are potentially unlimited. Certain derivatives may give rise to a form of leverage and may expose the Fund to greater risk and increase its costs. To the extent that the Fund invests in rolling futures contracts, it may be subject to additional risk. The impact of increasing U.S. and global regulation of derivatives may make derivatives more costly, may limit the availability of derivatives, may delay or restrict the exercise of default remedies or termination rights by the Fund, or may otherwise adversely affect the value or performance of derivatives. Extension Risk. During periods of rising interest rates, certain debt obligations may be paid off substantially more slowly than originally anticipated and the value of those securities may fall sharply, resulting in a decline in the Fund’s income and potentially in the value of the Fund’s investments. Financials Sector Risk. Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, changes in government regulations, economic conditions, and interest rates, credit rating downgrades, and decreased liquidity in credit markets. The impact of more stringent capital requirements and recent or future regulation of any individual financial company, or of the financials sector as a whole, cannot be predicted. In recent years, cyber attacks and technology malfunctions and failures have become increasingly frequent in this sector and have caused significant losses to companies in this sector, which may negatively impact the Fund. Hedging Risk. The Fund seeks to mitigate the potential impact of interest rates on the performance of bonds by entering into short positions in U.S. Treasury futures or similar positions through transactions in interest rate swaps. The Fund’s short positions in U.S. Treasury futures and interest rate swaps are not intended to mitigate credit spread risk or other factors influencing the price of bonds, which may have a greater impact than interest rates. There is no guarantee that the Fund’s short positions will completely eliminate the interest rate risk of the long positions in bonds. In addition, when interest rates fall, long–only bond investments will perform better than the Fund’s investments. In certain falling interest rate environments, the Fund’s hedging strategy could result in disproportionately larger losses in the short U.S. Treasury futures and interest rate swaps positions as compared to gains in the long bond positions attributable to interest rate changes. There is no guarantee the Fund will have positive returns, even in environments of sharply rising Treasury interest rates in which the Fund’s short positions might be expected to mitigate the effects of such rises. The Fund will incur expenses when entering into short positions. High Portfolio Turnover Risk. High portfolio turnover (considered by the Fund to mean higher than 100% annually) may result in increased transaction costs to the Fund, including brokerage commissions, dealer mark-ups and other transaction costs on the sale of the securities and on reinvestment in other securities. High Yield Securities Risk. Securities that are rated below investment-grade (commonly referred to as “junk bonds,” which may include those bonds rated lower than “BBB-” by S&P Global Ratings and Fitch, or “Baa3” by Moody's), or are unrated, may be deemed speculative, may involve greater levels of risk than higher-rated securities of similar maturity and may be more likely to default. Income Risk. The Fund's income may decline when interest rates fall. This decline can occur because the Fund may subsequently invest in lower-yielding bonds as bonds in its portfolio mature, are near maturity, bonds in the Underlying Index are substituted, or the Fund otherwise needs to purchase additional bonds. Index-Related Risk. There is no guarantee that the Fund’s investment results will have a high degree of correlation to those of the Underlying Index and that the Fund will therefore achieve its investment objective. Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in order to track the Underlying Index. Errors in index data, index computations or the construction of the Underlying Index in accordance with its methodology may occur from time to time and may not be identified and corrected by the Index Provider for a period of time or at all, which may have an adverse impact on the Fund and its shareholders. Interest Rate Risk. An increase in interest rates may cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain fixed-income investments. The historically low interest rate environment increases the risks associated with rising interest rates. Issuer Risk. The performance of the Fund depends on the performance of individual securities to which the Fund has exposure. Changes in the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline. Liquidity Risk. Liquidity risk exists when particular investments are difficult to purchase or sell. This can reduce the Fund's returns because the Fund may be unable to transact at advantageous times or prices. Management Risk. As the Fund may not fully replicate the Underlying Index, it is subject to the risk that BFA's investment strategy may not produce the intended results. Market Risk. The Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns. Market Trading Risk. The Fund faces numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, periods of high volatility and disruptions in the creation/redemption process. ANY OF THESE FACTORS, AMONG OTHERS, MAY LEAD TO THE FUND'S SHARES TRADING AT A PREMIUM OR DISCOUNT TO NAV. Model Risk. Neither the Fund nor BFA can offer assurances that the Underlying Index's allocation model will achieve its intended results or maximize returns or minimize risk, or be appropriate for every investor seeking a particular risk profile. Mortgage-Backed Securities Risk. The Fund invests in MBS, some of which may not be backed by the full faith and credit of the U.S. government. MBS are subject to prepayment or call risk and extension risk. Because of these risks, MBS react differently than other bonds to changes in interest rates. Small movements in interest rates (both increases and decreases) may quickly and significantly reduce the value of certain MBS. Default or bankruptcy of a counterparty to a TBA transaction would expose the Fund to possible loss. Non-Diversification Risk. The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers. Operational Risk. The Fund is exposed to operational risks arising from a number of factors, including, but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The Fund and BFA seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to address significant operational risks. Passive Investment Risk. The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets. Prepayment Risk. During periods of falling interest rates, issuers of certain debt obligations may repay principal prior to the security’s maturity, which may cause the Fund to have to reinvest in securities with lower yields or higher risk of default, resulting in a decline in the Fund’s income or return potential. Privately-Issued Securities Risk. The Fund may invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the “1933 Act”). Privately-issued securities are securities that have not been registered under the 1933 Act and as a result are subject to legal restrictions on resale. Privately-issued securities are not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund. Risk of Investing in the United States. The Fund has significant exposure to U.S. issuers. Certain changes in the U.S. economy, such as when the U.S. economy weakens or when its financial markets decline, may have an adverse effect on the securities to which the Fund has exposure. Securities Lending Risk. The Fund may engage in securities lending. Securities lending involves the risk that the Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. The Fund could also lose money in the event of a decline in the value of collateral provided for loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for the Fund. Tracking Error Risk. Tracking error is the divergence of a fund’s performance from that of the applicable underlying index. Tracking error may occur because of differences between the securities and other instruments held in a fund’s portfolio and those included in the applicable underlying index, pricing differences (including, as applicable, differences between a security’s price at the local market close and the fund's valuation of a security at the time of calculation of the fund's NAV), differences in transaction costs, the fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation of distributions, tax gains or losses, changes to the applicable underlying index or the costs to the fund of complying with various new or existing regulatory requirements. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because a fund incurs fees and expenses, while the applicable underlying index does not. INDEX EXCHANGE TRADED FUNDS (“ETFs”) THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN HIGH YIELD SECURITIES MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER INDEX ETFs THAT DO NOT TRACK SUCH INDICES. Because the fundamental policies of the Fund do not provide for the Fund to concentrate holdings in accordance with the concentrations included in the Underlying Index, the Fund may experience higher tracking error than other index ETFs. U.S. Government Issuers Risk. Obligations of U.S. government agencies and authorities are supported by varying degrees of credit, but generally are not backed by the full faith and credit of the U.S. government. Similar to other issuers, changes to the financial condition or credit rating of the U.S. government or U.S. government agencies and authorities may cause the value of the Fund's investments to decline. Valuation Risk. The price the Fund could receive upon sale of a security or other asset may differ from the Fund's valuation of the security or other asset and from the value used by the Underlying Index, particularly for securities or other assets that trade in low volume or volatile markets or that are valued using a fair value methodology as a result of trade suspensions or for other reasons. In addition, the value of the securities or other assets in the Fund's portfolio may change on days or during time periods when shareholders will not be able to purchase or sell the Fund's shares. Authorized Participants who purchase or redeem  Fund shares on days when the Fund is holding fair-valued securities may receive fewer or more shares, or lower or higher redemption proceeds, than they would have received had the Fund not fair-valued securities or used a different valuation methodology. The Fund’s ability to value investments may be impacted by technological issues or errors by pricing services or other third-party service providers. Performance Information The Fund is continuing the operations of the Predecessor Fund, a series of iShares U.S. ETF Trust. Before the Fund commenced operations, all of the assets and liabilities of the Predecessor Fund were transferred to the Fund in a reorganization (the “Reorganization”), which was tax-free for U.S. federal income tax purposes. The Reorganization occurred on February 5, 2018. As a result of the Reorganization, the Fund assumed the performance and accounting history of the Predecessor Fund, which was actively managed by BFA using an investment strategy substantially similar to the methodology of the Underlying Index.The bar chart and table that follow show how the Predecessor Fund has performed on a calendar year basis and provide an indication of the risks of investing in the Fund. Both assume that all dividends and distributions have been reinvested in the Predecessor Fund. Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Supplemental information about the Predecessor Fund’s performance is shown under the heading Total Return Information in the Supplemental Information section of the Prospectus. If BFA had not waived certain Predecessor Fund fees during certain periods, the Predecessor Fund's returns would have been lower. Year by Year Return (Year Ended December 31) The best calendar quarter return during the period shown above was 2.69% in the 1st quarter of 2016; the worst was -1.25% in the 4th quarter of 2016. Updated performance information may be obtained by visiting our website at www.iShares.com or by calling 1-800-iShares (1-800-474-2737) (toll free). Average Annual Total Returns (for the periods ended December 31, 2016) You may also incur usual and customary brokerage commissions and other charges when buying or selling shares of the Fund, which are not reflected in the Example that follows: Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus (the “Prospectus”). February 29, 2024 As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. Non-Diversification Risk. The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers. The bar chart and table that follow show how the Predecessor Fund has performed on a calendar year basis and provide an indication of the risks of investing in the Fund. Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. www.iShares.com 1-800-iShares (1-800-474-2737) (toll free) After-tax returns in the table above are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state or local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to tax-exempt investors or investors who hold shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). Fund returns after taxes on distributions and sales of Fund shares are calculated assuming that an investor has sufficient capital gains of the same character from other investments to offset any capital losses from the sale of Fund shares. As a result, Fund returns after taxes on distributions and sales of Fund shares may exceed Fund returns before taxes and/or returns after taxes on distributions. 0.0025 0 0 0.0001 0.0026 -0.0001 0.0025 26 80 141 324 0.0532 0.0385 0.0532 0.0243 2015-02-24 0.0404 0.0123 0.03 0.013 0.0265 0.0109 0.0542 5.69 The Predecessor Fund’s year-to-date 2017-09-30 0.0387 best 0.0269 2016-03-31 worst -0.0125 2016-12-31 <div style="display:none">~ http://www.ishares.com/role/ScheduleAnnualFundOperatingExpensesTransposed000013 column period compact * ~</div> <div style="display:none">~ http://www.ishares.com/role/ScheduleAnnualTotalReturnsBarChart000016 column period compact * ~</div> <div style="display:none">~ http://www.ishares.com/role/ScheduleExpenseExampleTransposed000014 column period compact * ~</div> <div style="display:none">~ http://www.ishares.com/role/ScheduleAverageAnnualTotalReturnsTransposed000017 column period compact * ~</div> The Predecessor Fund’s year-to-date return as of September 30, 2017 was 3.87%. Following the completion of the Reorganization, the Fund employs different investment strategies than the Predecessor Fund in seeking to achieve its investment objective. After-tax returns in the table above are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state or local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to tax-exempt investors or investors who hold shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). Fund returns after taxes on distributions and sales of Fund shares are calculated assuming that an investor has sufficient capital gains of the same character from other investments to offset any capital losses from the sale of Fund shares. As a result, Fund returns after taxes on distributions and sales of Fund shares may exceed Fund returns before taxes and/or returns after taxes on distributions. The Bloomberg Barclays U.S. Aggregate Bond Index is the reference index previously included in the Average Annual Total Returns table for the Predecessor Fund. EX-101.SCH 3 ist-20180205.xsd XBRL TAXONOMY EXTENSION SCHEMA 000000 - Document - Document and Entity Information {Elements} link:presentationLink link:calculationLink link:definitionLink 000011 - Document - Risk/Return Summary {Unlabeled} - iShares Edge U.S. Fixed Income Balanced Risk ETF link:presentationLink link:calculationLink link:definitionLink 000012 - Schedule - Shareholder Fees link:presentationLink link:calculationLink link:definitionLink 000013 - Schedule - Annual Fund Operating Expenses {Transposed} link:calculationLink link:presentationLink link:definitionLink 000014 - Schedule - Expense Example {Transposed} link:presentationLink link:calculationLink link:definitionLink 000015 - Schedule - Expense Example, No Redemption link:presentationLink link:calculationLink link:definitionLink 000016 - Schedule - Annual Total Returns [BarChart] link:presentationLink link:calculationLink link:definitionLink 000017 - Schedule - Average Annual Total Returns {Transposed} link:presentationLink link:calculationLink link:definitionLink 000018 - Document - Risk/Return Detail {Unlabeled} - iShares Edge U.S. Fixed Income Balanced Risk ETF link:presentationLink link:calculationLink link:definitionLink 000019 - Disclosure - Risk/Return Detail Data {Elements} - iShares Edge U.S. Fixed Income Balanced Risk ETF link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 4 ist-20180205_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 5 ist-20180205_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 6 ist-20180205_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Prospectus: Risk/Return: Document Type Document Period End Date Registrant Name Central Index Key Amendment Flag Document Creation Date Document Effective Date Prospectus Date Legal Entity Identifier Amendment Description Trading Symbol Document [Axis] Prospectus Performance Measure [Axis] Before Taxes After Taxes on Distributions Return After Taxes on Distributions After Taxes on Distributions and Sale of Fund Shares Return After Taxes on Distributions and Sale of Fund Shares Series [Axis] Series S000060088 [Member] iShares Edge U.S. Fixed Income Balanced Risk ETF iShares Edge U.S. Fixed Income Balanced Risk ETF Member Share Class [Axis] Share Classes C000196720 [Member] iShares Edge U.S. Fixed Income Balanced Risk ETF iShares Edge U.S. Fixed Income Balanced Risk ETF Risk/Return [Heading] Objective [Heading] Objective, Primary [Text Block] Expense [Heading] Expense Narrative [Text Block] Operating Expenses Caption [Text] Expense Example [Heading] Expense Example Narrative [Text Block] Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Strategy [Heading] Strategy Narrative [Text Block] Risk [Heading] Risk Narrative [Text Block] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Bar Chart [Heading] Bar Chart Closing [Text Block] Performance Table Heading Objective, Secondary [Text Block] Shareholder Fees Caption [Text] Shareholder Fees [Table] Annual Fund Operating Expenses [Table] Expense Footnotes [Text Block] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expense Example by Year [Heading] Expense Example by, Year, Caption [Text] Expense Example, With Redemption [Table] Expense Example, No Redemption Narrative [Text Block] Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption [Table] Expense Example Footnotes [Text Block] Expense Example Closing [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] Bar Chart Narrative [Text Block] Bar Chart [Table] Bar Chart Footnotes [Text Block] Performance Table Narrative Performance [Table] Market Index Performance [Table] Performance Table Footnotes Performance Table Closing [Text Block] Shareholder Fees: Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum Sales Charge (Load) Imposed on Purchases as % of Offering Price Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum Deferred Sales Charge (as a percentage) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Net Expenses (as a percentage of Assets) Total Annual Fund Operating Expenses After Fee Waiver Total Annual Fund Operating Expenses After Fee Waiver Expenses (as a percentage of Assets) Total Annual Fund Operating Expenses Total Annual Fund Operating Expenses Management Fees (as a percentage of Assets) Management Fees Distribution and Service (12b-1) Fees Distribution and Service (12b-1) Fees Distribution or Similar (Non 12b-1) Fees Other Expenses (as a percentage of Assets): Other Expenses Other Expenses Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Acquired Fund Fees and Expenses Acquired Fund Fees and Expenses Fee Waiver or Reimbursement Fee Waiver or Reimbursement Fee Waiver Operating Expenses: Expense Example: 1 Year Expense Example, with Redemption, 1 Year 3 Years Expense Example, with Redemption, 3 Years 5 Years Expense Example, with Redemption, 5 Years 10 Years Expense Example, with Redemption, 10 Years Expense Example, No Redemption: Expense Example, No Redemption, By Year, Column [Text] Column 1 Year Expense Example, No Redemption, 1 Year Expense Example, No Redemption, 3 Years 3 Years Expense Example, No Redemption, 5 Years 5 Years Expense Example, No Redemption, 10 Years 10 Years Bar Chart Table: 2016 Annual Return 2016 2017 Annual Return 2017 Bloomberg Barclays Us Aggregate Bond Index [Member] Bloomberg Barclays Us Aggregate Bond Index Member Bloomberg Barclays U.S. Aggregate Bond Index (Index returns do not reflect deductions for fees, expenses, or taxes) Bloomberg Barclays U S Fixed Income Balanced Risk Index [Member] Bloomberg Barclays U S Fixed Income Balanced Risk Index Member Bloomberg Barclays U.S. Fixed Income Balanced Risk Index (Index returns do not reflect deductions for fees, expenses, or taxes) Average Annual Return: One Year 1 Year Since Predecessor Fund Inception Since Inception Inception Date Risk/Return Detail [Table] Fee Waiver or Reimbursement over Assets, Date of Termination Expense Exchange Traded Fund Commissions [Text] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Risk Lose Money [Text] Risk Nondiversified Status [Text] Performance Information Illustrates Variability of Returns [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Highest Quarterly Return, Date Highest Quarterly Return Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table Explanation after Tax Higher Operating Expenses Column [Text] Portfolio Turnover, Rate Expense Breakpoint Discounts [Text] Expense Breakpoint, Minimum Investment Required [Amount] Expenses Represent Both Master and Feeder [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Strategy Portfolio Concentration [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Bar Chart Does Not Reflect Sales Loads [Text] Annual Return Caption [Text] Caption Annual Return, Column [Text] Column Annual Return, Inception Date Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 EX-101.PRE 7 ist-20180205_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE GRAPHIC 8 g531363g84s22.jpg GRAPHIC begin 644 g531363g84s22.jpg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end XML 9 R1.htm IDEA: XBRL DOCUMENT

Label	Element	Value
Risk/Return:	rr_RiskReturnAbstract
Document Type	dei_DocumentType	497
Document Period End Date	dei_DocumentPeriodEndDate	Oct. 31, 2016
Registrant Name	dei_EntityRegistrantName	iSHARES TRUST
Central Index Key	dei_EntityCentralIndexKey	0001100663
Amendment Flag	dei_AmendmentFlag	false
Document Creation Date	dei_DocumentCreationDate	Feb. 05, 2018
Document Effective Date	dei_DocumentEffectiveDate	Feb. 05, 2018
Prospectus Date	rr_ProspectusDate	Dec. 21, 2017

GRAPHIC 10 BarChart1.png IDEA: XBRL DOCUMENT begin 644 BarChart1.png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htm IDEA: XBRL DOCUMENT v3.8.0.1

iShares Edge U.S. Fixed Income Balanced Risk ETF

iSHARES^® EDGE U.S. FIXED INCOME BALANCED RISK ETF
Ticker: FIBR Stock Exchange: Cboe BZX

Investment Objective

The iShares Edge U.S. Fixed Income Balanced Risk ETF (the “Fund”) seeks to track the investment results of an index, composed of taxable U.S. dollar-denominated bonds and U.S. Treasury futures, which targets an equal allocation between interest rate and credit spread risk.

Fees and Expenses

The following table describes the fees and expenses that you will incur if you own shares of the Fund. The investment advisory agreement between iShares Trust (the “Trust”) and BlackRock Fund Advisors (“BFA”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except the management fees, interest expenses, taxes, expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, distribution fees or expenses, litigation expenses and any extraordinary expenses. The Fund may incur “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund's pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus (the “Prospectus”). BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fees in an amount equal to the Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates, through February 29, 2024. The contractual waiver may be terminated prior to February 29, 2024 only upon written agreement of the Trust and BFA.

You may also incur usual and customary brokerage commissions and other charges when buying or selling shares of the Fund, which are not reflected in the Example that follows:

Annual Fund Operating Expenses
(ongoing expenses that you pay each year as a
percentage of the value of your investments)

Annual Fund Operating Expenses

Management Fees

Distribution and Service (12b-1) Fees

Other Expenses

Acquired Fund Fees and Expenses

Total Annual Fund Operating Expenses

Fee Waiver

Total Annual Fund Operating Expenses After Fee Waiver

iShares Edge U.S. Fixed Income Balanced Risk ETF | iShares Edge U.S. Fixed Income Balanced Risk ETF 0.25% none none 0.01% 0.26% (0.01%) 0.25%

Example.

This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Expense Example

1 Year

3 Years

5 Years

10 Years

iShares Edge U.S. Fixed Income Balanced Risk ETF | iShares Edge U.S. Fixed Income Balanced Risk ETF | USD ($) 26 80 141 324

Portfolio Turnover.

The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. The Fund previously operated as a series of iShares U.S. ETF Trust (the “Predecessor Fund”). During the most recent fiscal year, the Predecessor Fund’s portfolio turnover rate was 569% of the average value of its portfolio.

Principal Investment Strategies

The Fund seeks to track the Bloomberg Barclays U.S. Fixed Income Balanced Risk Index (the “Underlying Index”), which measures the performance of the corporate and mortgage portion of the Bloomberg Barclays U.S. Universal Index (the “Parent Index”) while targeting an equal allocation between interest rate and credit spread risk.

As of November 24, 2017, approximately 84.9% of the Underlying Index consisted of issuers organized or located in the United States, and there were 5,572 issues in the Underlying Index from issuers in over 30 countries or regions. The Underlying Index may include large-, mid- or small-capitalization companies. Components of the Underlying Index primarily include mortgage-backed securities (“MBS”) and financials companies. A significant portion of the portfolio is invested in U.S. dollar-denominated investment-grade and high yield fixed-income securities (commonly known to investors as “junk bonds”). The components of the Underlying Index, and the degree to which these components represent certain industries, are likely to change over time. Securities may be registered or privately placed.

The Underlying Index uses a rules-based approach to calculate an equal volatility-weighted allocation to each of five segments of the Parent Index: (1) investment-grade corporate bonds 1-5 year; (2) investment-grade corporate bonds 5-10 year; (3) high yield corporate bonds rated BB or higher; (4) high yield corporate bonds rated below BB; and (5) U.S. agency MBS. Segments with lower credit spread volatility receive a higher weighting, and segments with higher credit spread volatility receive a lower weighting, with the result that the contribution of each segment to overall credit spread volatility is approximately equal. Credit spread volatility for investment-grade corporate securities and MBS components are measured differently than the Fund’s high yield securities, but aim to capture the volatility of the return attributable to the credit quality of the security.

To increase overall yield and credit spread exposure, the Underlying Index incorporates a leverage factor of up to 25% that redeploys MBS exposure, via cash pending settlement from to-be-announced (“TBA”) mortgage transactions, toward other index constituent securities. The Underlying Index further adjusts interest rate risk so that it equals credit spread risk, by adding either long positions in U.S. Treasury bonds or short positions in U.S. Treasury futures. The Underlying Index is rebalanced monthly.

BFA uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.

Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies.

BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.

The Fund generally will invest at least 90% of its assets in the component securities of the Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of the Underlying Index (i.e., TBAs) and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (“BlackRock Cash Funds”), as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. From time to time when conditions warrant, however, the Fund may invest at least 80% of its assets in the component securities of the Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of the Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of BlackRock Cash Funds, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.

The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).

The Underlying Index is sponsored by Bloomberg Index Services Limited (Bloomberg), which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.

Summary of Principal Risks

As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. The Fund is subject to certain risks, including the principal risks noted below, any of which may adversely affect the Fund's net asset value per share (“NAV”), trading price, yield, total return and ability to meet its investment objective.

Asset Class Risk. Securities and other assets in the Underlying Index or in the Fund's portfolio may underperform in comparison to the general financial markets, a particular financial market or other asset classes.

Assets Under Management (AUM) Risk. From time to time, an Authorized Participant (as defined in the Creations and Redemptions section of this Prospectus), a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, or a fund may invest in the Fund and hold its investment for a specific period of time in order to facilitate commencement of the Fund’s operations or to allow the Fund to achieve size or scale. There can be no assurance that any such entity would not redeem its investment or that the size of the Fund would be maintained at such levels, which could negatively impact the Fund.

Authorized Participant Concentration Risk. Only an Authorized Participant may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as Authorized Participants on an agency basis (i.e., on behalf of other market participants). To the extent that Authorized Participants exit the business or are unable to proceed with creation or redemption orders with respect to the Fund and no other Authorized Participant is able to step forward to create or redeem Creation Units (as defined in the Purchase and Sale of Fund Shares section of the Prospectus), Fund shares may be more likely to trade at a premium or discount to NAV and possibly face trading halts or delisting.

Balancing Risk Exposure Strategy Risk. The Fund seeks long exposure to investment-grade and high-yield corporate bonds, long exposure to U.S. dollar-denominated MBS and TBAs, long exposure to U.S. Treasury securities and short exposure to U.S. Treasury futures and/or swaps, with a goal of balancing the expected contribution to risk from interest rates and credit spreads. There is no guarantee that the interest rate risk and credit spread risk will be balanced, or that the returns on the Fund’s long or short positions will produce high, or even positive, returns and the Fund could lose money if either or both the Fund’s long and short positions produce negative returns.

Call Risk. During periods of falling interest rates, an issuer of a callable bond held by the Fund may “call” or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds in securities with lower yields, which would result in a decline in the Fund's income, or in securities with greater risks or with other less favorable features.

Concentration Risk. The Fund may be susceptible to an increased risk of loss, including losses due to adverse events that affect the Fund’s investments more than the market as a whole, to the extent that the Fund's investments are concentrated in the securities of a particular issuer or issuers, country, group of countries, region, market, industry, group of industries, sector or asset class.

Credit Risk. Debt issuers and other counterparties may be unable or unwilling to make timely interest and/or principal payments when due or otherwise honor their obligations. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also adversely affect the value of the Fund’s investment in that issuer. The degree of credit risk depends on an issuer’s or counterparty’s financial condition and on the terms of an obligation.

Credit Spread Risk. Credit spread risk is the risk that credit spreads (i.e., the difference in yield between securities that have differences in credit quality or other factors) may increase, which may reduce the market values of the Fund's securities. While the Fund may employ strategies to mitigate credit spread risk, these strategies may not be successful.

Cyber Security Risk. Failures or breaches of the electronic systems of the Fund, the Fund's adviser, distributor, and other service providers, market makers, Authorized Participants or the issuers of securities in which the Fund invests have the ability to cause disruptions and negatively impact the Fund’s business operations, potentially resulting in financial losses to the Fund and its shareholders. While the Fund has established business continuity plans and risk management systems seeking to address system breaches or failures, there are inherent limitations in such plans and systems. Furthermore, the Fund cannot control the cyber security plans and systems of the Fund’s service providers, the Index Provider, market makers, Authorized Participants or issuers of securities in which the Fund invests.

Derivatives Risk. The Fund may use futures, options and swaps in seeking to achieve the Fund’s investment objective. The Fund’s use of futures, options and swaps, like investment in other derivatives, may reduce the Fund’s returns or increase volatility. Volatility is defined as the characteristic of a security, an index or a market to fluctuate significantly in price within a short time period. Futures and swaps, like other derivatives, are also subject to counterparty risk, which is the risk that the other party in the transaction will not fulfill its contractual obligation. Futures, similar to other derivatives, are also subject to the possible lack of a liquid secondary market for a futures contract and the resulting inability to close a futures contract when desired, exposing the Fund to losses and making it more difficult for the Fund to value accurately. A risk of the Fund’s use of derivatives is that the fluctuations in their values may not correlate perfectly with the value of the underlying asset, the performance of the asset class to which the Fund seeks exposure or to the performance of the overall securities markets. For example, to the extent that the Fund writes or sells an option, if the decline or increase in the underlying asset is significantly below or above the exercise price of the written option, the Fund could experience a substantial loss. The Fund could also suffer losses related to its derivatives positions as a result of unanticipated market movements, which losses are potentially unlimited. Certain derivatives may give rise to a form of leverage and may expose the Fund to greater risk and increase its costs. To the extent that the Fund invests in rolling futures contracts, it may be subject to additional risk. The impact of increasing U.S. and global regulation of derivatives may make derivatives more costly, may limit the availability of derivatives, may delay or restrict the exercise of default remedies or termination rights by the Fund, or may otherwise adversely affect the value or performance of derivatives.

Extension Risk. During periods of rising interest rates, certain debt obligations may be paid off substantially more slowly than originally anticipated and the value of those securities may fall sharply, resulting in a decline in the Fund’s income and potentially in the value of the Fund’s investments.

Financials Sector Risk. Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, changes in government regulations, economic conditions, and interest rates, credit rating downgrades, and decreased liquidity in credit markets. The impact of more stringent capital requirements and recent or future regulation of any individual financial company, or of the financials sector as a whole, cannot be predicted. In recent years, cyber attacks and technology malfunctions and failures have become increasingly frequent in this sector and have caused significant losses to companies in this sector, which may negatively impact the Fund.

Hedging Risk. The Fund seeks to mitigate the potential impact of interest rates on the performance of bonds by entering into short positions in U.S. Treasury futures or similar positions through transactions in interest rate swaps. The Fund’s short positions in U.S. Treasury futures and interest rate swaps are not intended to mitigate credit spread risk or other factors influencing the price of bonds, which may have a greater impact than interest rates. There is no guarantee that the Fund’s short positions will completely eliminate the interest rate risk of the long positions in bonds. In addition, when interest rates fall, long–only bond investments will perform better than the Fund’s investments. In certain falling interest rate environments, the Fund’s hedging strategy could result in disproportionately larger losses in the short U.S. Treasury futures and interest rate swaps positions as compared to gains in the long bond positions attributable to interest rate changes. There is no guarantee the Fund will have positive returns, even in environments of sharply rising Treasury interest rates in which the Fund’s short positions might be expected to mitigate the effects of such rises. The Fund will incur expenses when entering into short positions.

High Portfolio Turnover Risk. High portfolio turnover (considered by the Fund to mean higher than 100% annually) may result in increased transaction costs to the Fund, including brokerage commissions, dealer mark-ups and other transaction costs on the sale of the securities and on reinvestment in other securities.

High Yield Securities Risk. Securities that are rated below investment-grade (commonly referred to as “junk bonds,” which may include those bonds rated lower than “BBB-” by S&P Global Ratings and Fitch, or “Baa3” by Moody's), or are unrated, may be deemed speculative, may involve greater levels of risk than higher-rated securities of similar maturity and may be more likely to default.

Income Risk. The Fund's income may decline when interest rates fall. This decline can occur because the Fund may subsequently invest in lower-yielding bonds as bonds in its portfolio mature, are near maturity, bonds in the Underlying Index are substituted, or the Fund otherwise needs to purchase additional bonds.

Index-Related Risk. There is no guarantee that the Fund’s investment results will have a high degree of correlation to those of the Underlying Index and that the Fund will therefore achieve its investment objective. Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in order to track the Underlying Index. Errors in index data, index computations or the construction of the Underlying Index in accordance with its methodology may occur from time to time and may not be identified and corrected by the Index Provider for a period of time or at all, which may have an adverse impact on the Fund and its shareholders.

Interest Rate Risk. An increase in interest rates may cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain fixed-income investments. The historically low interest rate environment increases the risks associated with rising interest rates.

Issuer Risk. The performance of the Fund depends on the performance of individual securities to which the Fund has exposure. Changes in the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline.

Liquidity Risk. Liquidity risk exists when particular investments are difficult to purchase or sell. This can reduce the Fund's returns because the Fund may be unable to transact at advantageous times or prices.

Management Risk. As the Fund may not fully replicate the Underlying Index, it is subject to the risk that BFA's investment strategy may not produce the intended results.

Market Risk. The Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns.

Market Trading Risk. The Fund faces numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, periods of high volatility and disruptions in the creation/redemption process. ANY OF THESE FACTORS, AMONG OTHERS, MAY LEAD TO THE FUND'S SHARES TRADING AT A PREMIUM OR DISCOUNT TO NAV.

Model Risk. Neither the Fund nor BFA can offer assurances that the Underlying Index's allocation model will achieve its intended results or maximize returns or minimize risk, or be appropriate for every investor seeking a particular risk profile.

Mortgage-Backed Securities Risk. The Fund invests in MBS, some of which may not be backed by the full faith and credit of the U.S. government. MBS are subject to prepayment or call risk and extension risk. Because of these risks, MBS react differently than other bonds to changes in interest rates. Small movements in interest rates (both increases and decreases) may quickly and significantly reduce the value of certain MBS. Default or bankruptcy of a counterparty to a TBA transaction would expose the Fund to possible loss.

Non-Diversification Risk. The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers.

Operational Risk. The Fund is exposed to operational risks arising from a number of factors, including, but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The Fund and BFA seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to address significant operational risks.

Passive Investment Risk. The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

Prepayment Risk. During periods of falling interest rates, issuers of certain debt obligations may repay principal prior to the security’s maturity, which may cause the Fund to have to reinvest in securities with lower yields or higher risk of default, resulting in a decline in the Fund’s income or return potential.

Privately-Issued Securities Risk. The Fund may invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the “1933 Act”). Privately-issued securities are securities that have not been registered under the 1933 Act and as a result are subject to legal restrictions on resale. Privately-issued securities are not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.

Risk of Investing in the United States. The Fund has significant exposure to U.S. issuers. Certain changes in the U.S. economy, such as when the U.S. economy weakens or when its financial markets decline, may have an adverse effect on the securities to which the Fund has exposure.

Securities Lending Risk. The Fund may engage in securities lending. Securities lending involves the risk that the Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. The Fund could also lose money in the event of a decline in the value of collateral provided for loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for the Fund.

Tracking Error Risk. Tracking error is the divergence of a fund’s performance from that of the applicable underlying index. Tracking error may occur because of differences between the securities and other instruments held in a fund’s portfolio and those included in the applicable underlying index, pricing differences (including, as applicable, differences between a security’s price at the local market close and the fund's valuation of a security at the time of calculation of the fund's NAV), differences in transaction costs, the fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation of distributions, tax gains or losses, changes to the applicable underlying index or the costs to the fund of complying with various new or existing regulatory requirements. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because a fund incurs fees and expenses, while the applicable underlying index does not. INDEX EXCHANGE TRADED FUNDS (“ETFs”) THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN HIGH YIELD SECURITIES MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER INDEX ETFs THAT DO NOT TRACK SUCH INDICES. Because the fundamental policies of the Fund do not provide for the Fund to concentrate holdings in accordance with the concentrations included in the Underlying Index, the Fund may experience higher tracking error than other index ETFs.

U.S. Government Issuers Risk. Obligations of U.S. government agencies and authorities are supported by varying degrees of credit, but generally are not backed by the full faith and credit of the U.S. government. Similar to other issuers, changes to the financial condition or credit rating of the U.S. government or U.S. government agencies and authorities may cause the value of the Fund's investments to decline.

Valuation Risk. The price the Fund could receive upon sale of a security or other asset may differ from the Fund's valuation of the security or other asset and from the value used by the Underlying Index, particularly for securities or other assets that trade in low volume or volatile markets or that are valued using a fair value methodology as a result of trade suspensions or for other reasons. In addition, the value of the securities or other assets in the Fund's portfolio may change on days or during time periods when shareholders will not be able to purchase or sell the Fund's shares. Authorized Participants who purchase or redeem Fund shares on days when the Fund is holding fair-valued securities may receive fewer or more shares, or lower or higher redemption proceeds, than they would have received had the Fund not fair-valued securities or used a different valuation methodology. The Fund’s ability to value investments may be impacted by technological issues or errors by pricing services or other third-party service providers.

Performance Information

The Fund is continuing the operations of the Predecessor Fund, a series of iShares U.S. ETF Trust. Before the Fund commenced operations, all of the assets and liabilities of the Predecessor Fund were transferred to the Fund in a reorganization (the “Reorganization”), which was tax-free for U.S. federal income tax purposes. The Reorganization occurred on February 5, 2018. As a result of the Reorganization, the Fund assumed the performance and accounting history of the Predecessor Fund, which was actively managed by BFA using an investment strategy substantially similar to the methodology of the Underlying Index.The bar chart and table that follow show how the Predecessor Fund has performed on a calendar year basis and provide an indication of the risks of investing in the Fund. Both assume that all dividends and distributions have been reinvested in the Predecessor Fund. Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Supplemental information about the Predecessor Fund’s performance is shown under the heading Total Return Information in the Supplemental Information section of the Prospectus. If BFA had not waived certain Predecessor Fund fees during certain periods, the Predecessor Fund's returns would have been lower.

Year by Year Return (Year Ended December 31)

[1] Following the completion of the Reorganization, the Fund employs different investment strategies than the Predecessor Fund in seeking to achieve its investment objective.

[2] The Predecessor Fund’s year-to-date return as of September 30, 2017 was 3.87%.

The best calendar quarter return during the period shown above was 2.69% in the 1st quarter of 2016; the worst was -1.25% in the 4th quarter of 2016.

Updated performance information may be obtained by visiting our website at www.iShares.com or by calling 1-800-iShares (1-800-474-2737) (toll free).

Average Annual Total Returns
(for the periods ended December 31, 2016)

Average Annual Total Returns - iShares Edge U.S. Fixed Income Balanced Risk ETF

One Year

Since Predecessor Fund Inception

Inception Date

iShares Edge U.S. Fixed Income Balanced Risk ETF 5.32% 2.43% Feb. 24, 2015

iShares Edge U.S. Fixed Income Balanced Risk ETF | Return After Taxes on Distributions ^[1] 4.04% 1.23%

iShares Edge U.S. Fixed Income Balanced Risk ETF | Return After Taxes on Distributions and Sale of Fund Shares ^[1] 3.00% 1.30%

Bloomberg Barclays U.S. Aggregate Bond Index (Index returns do not reflect deductions for fees, expenses, or taxes) ^[2] 2.65% 1.09%

Bloomberg Barclays U.S. Fixed Income Balanced Risk Index (Index returns do not reflect deductions for fees, expenses, or taxes) 5.42%

[1] After-tax returns in the table above are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state or local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to tax-exempt investors or investors who hold shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). Fund returns after taxes on distributions and sales of Fund shares are calculated assuming that an investor has sufficient capital gains of the same character from other investments to offset any capital losses from the sale of Fund shares. As a result, Fund returns after taxes on distributions and sales of Fund shares may exceed Fund returns before taxes and/or returns after taxes on distributions.

[2] The Bloomberg Barclays U.S. Aggregate Bond Index is the reference index previously included in the Average Annual Total Returns table for the Predecessor Fund.

X

- Definition
Contains a command for the SEC Viewer for the role corresponding to OperatingExpensesData.
+ References
No definition available.
+ Details

Name: rr_AnnualFundOperatingExpensesTableTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart. When a Multiple Class Fund offers more than one Class in the prospectus, provide annual total returns in the bar chart for only one of those Classes. The Fund can select which Class to include (e.g., the oldest Class, the Class with the greatest net assets).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_AnnualReturn2016

Namespace Prefix: rr_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart. When a Multiple Class Fund offers more than one Class in the prospectus, provide annual total returns in the bar chart for only one of those Classes. The Fund can select which Class to include (e.g., the oldest Class, the Class with the greatest net assets).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_AnnualReturn2017

Namespace Prefix: rr_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
Risk/Return Bar Chart and Table.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
+ Details

Name: rr_BarChartAndPerformanceTableHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_BarChartClosingTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Risk/Return Bar Chart and Table.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
+ Details

Name: rr_BarChartHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Contains a command for the SEC Viewer for the role corresponding to BarChartData.
+ References
No definition available.
+ Details

Name: rr_BarChartTableTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Heading for Expense Example.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 4
+ Details

Name: rr_ExpenseExampleHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection example
-Paragraph 1
-Subparagraph 1
+ Details

Name: rr_ExpenseExampleNarrativeTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Contains a command for the SEC Viewer for the role corresponding to ExpenseExample.
+ References
No definition available.
+ Details

Name: rr_ExpenseExampleWithRedemptionTableTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Risk/Return Summary Fee Table Includes the following information, in plain English under rule 421(d) under the Securities Act, after Item 2 Fees and expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Shareholder Fees (fees paid directly from your investment) Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was __% of the average value of its whole portfolio. Instructions. A.3.instructions.6 New Funds. For purposes of this Item, a "New Fund" is a Fund that does not include in Form N-1A financial statements reporting operating results or that includes financial statements for the Fund's initial fiscal year reporting operating results for a period of 6 months or less. The following Instructions apply to New Funds.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 1
-Subparagraph d
+ Details

Name: rr_ExpenseHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Include the narrative explanations in the order indicated. A Fund may modify the narrative explanations if the explanation contains comparable information to that shown. The narrative explanation regarding sales charge discounts is only required by a Fund that offers such discounts and should specify the minimum level of investment required to qualify for a discount. Modify the narrative explanation to state that Fund shares are sold on a national securities exchange at the end of the time periods indicated, and that brokerage commissions for buying and selling Fund shares through a broker are not reflected.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 1
-Subparagraph b
+ Details

Name: rr_ExpenseNarrativeTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Investment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 2
-Subsection a
+ Details

Name: rr_ObjectiveHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Investment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 2
-Subsection a
+ Details

Name: rr_ObjectivePrimaryTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investment)
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection table
-Paragraph 1
-Subparagraph 7
+ Details

Name: rr_OperatingExpensesCaption

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Risk/Return Bar Chart and Table.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
+ Details

Name: rr_PerformanceNarrativeTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
This item represents Average Anuual Total Returns. If a Multiple Class Fund offers a Class in the prospectus that converts into another Class after a stated period, compute average annual total returns in the table by using the returns of the other Class for the period after conversion.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph instructions
-Clause 3
-Exhibit c
+ Details

Name: rr_PerformanceTableHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Contains a command for the SEC Viewer for the role corresponding to PerformanceTableData.
+ References
No definition available.
+ Details

Name: rr_PerformanceTableTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 5
+ Details

Name: rr_PortfolioTurnoverHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection example
-Paragraph 3
+ Details

Name: rr_PortfolioTurnoverTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Narrative Risk Disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 1
+ Details

Name: rr_RiskHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Narrative Risk Disclosure. A Fund may, in responding to this Item, describe the types of investors for whom the Fund is intended or the types of investment goals that may be consistent with an investment in the Fund.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 1
-Subparagraph i
-Clause instruction
+ Details

Name: rr_RiskNarrativeTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Risk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicated
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 2
+ Details

Name: rr_RiskReturnHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection a
+ Details

Name: rr_StrategyHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection a
+ Details

Name: rr_StrategyNarrativeTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Details

Name: dei_LegalEntityAxis=ist_S000060088Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: rr_ProspectusShareClassAxis=ist_C000196720Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: rr_PerformanceMeasureAxis=rr_AfterTaxesOnDistributionsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: rr_PerformanceMeasureAxis=rr_AfterTaxesOnDistributionsAndSalesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: rr_PerformanceMeasureAxis=ist_BloombergBarclaysUsAggregateBondIndexMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: rr_PerformanceMeasureAxis=ist_BloombergBarclaysUSFixedIncomeBalancedRiskIndexMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 12 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1

Label Element Value

Risk/Return: rr_RiskReturnAbstract

Registrant Name dei_EntityRegistrantName iSHARES TRUST

Prospectus Date rr_ProspectusDate Dec. 21, 2017

iShares Edge U.S. Fixed Income Balanced Risk ETF

Risk/Return: rr_RiskReturnAbstract

Risk/Return [Heading] rr_RiskReturnHeading iSHARES^® EDGE U.S. FIXED INCOME BALANCED RISK ETF
Ticker: FIBR Stock Exchange: Cboe BZX

Objective [Heading] rr_ObjectiveHeading Investment Objective

Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The iShares Edge U.S. Fixed Income Balanced Risk ETF (the “Fund”) seeks to track the investment results of an index, composed of taxable U.S. dollar-denominated bonds and U.S. Treasury futures, which targets an equal allocation between interest rate and credit spread risk.

Expense [Heading] rr_ExpenseHeading Fees and Expenses

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The following table describes the fees and expenses that you will incur if you own shares of the Fund. The investment advisory agreement between iShares Trust (the “Trust”) and BlackRock Fund Advisors (“BFA”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except the management fees, interest expenses, taxes, expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, distribution fees or expenses, litigation expenses and any extraordinary expenses. The Fund may incur “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund's pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus (the “Prospectus”). BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fees in an amount equal to the Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other registered investment companies advised by BFA, or its affiliates, through February 29, 2024. The contractual waiver may be terminated prior to February 29, 2024 only upon written agreement of the Trust and BFA.

You may also incur usual and customary brokerage commissions and other charges when buying or selling shares of the Fund, which are not reflected in the Example that follows:

Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses
(ongoing expenses that you pay each year as a
percentage of the value of your investments)

Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination February 29, 2024

Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover.

Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. The Fund previously operated as a series of iShares U.S. ETF Trust (the “Predecessor Fund”). During the most recent fiscal year, the Predecessor Fund’s portfolio turnover rate was 569% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 569.00%

Expense Exchange Traded Fund Commissions [Text] rr_ExpenseExchangeTradedFundCommissions You may also incur usual and customary brokerage commissions and other charges when buying or selling shares of the Fund, which are not reflected in the Example that follows:

Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund's prospectus (the “Prospectus”).

Expense Example [Heading] rr_ExpenseExampleHeading Example.

Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:

Strategy [Heading] rr_StrategyHeading Principal Investment Strategies

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The Fund seeks to track the Bloomberg Barclays U.S. Fixed Income Balanced Risk Index (the “Underlying Index”), which measures the performance of the corporate and mortgage portion of the Bloomberg Barclays U.S. Universal Index (the “Parent Index”) while targeting an equal allocation between interest rate and credit spread risk.

As of November 24, 2017, approximately 84.9% of the Underlying Index consisted of issuers organized or located in the United States, and there were 5,572 issues in the Underlying Index from issuers in over 30 countries or regions. The Underlying Index may include large-, mid- or small-capitalization companies. Components of the Underlying Index primarily include mortgage-backed securities (“MBS”) and financials companies. A significant portion of the portfolio is invested in U.S. dollar-denominated investment-grade and high yield fixed-income securities (commonly known to investors as “junk bonds”). The components of the Underlying Index, and the degree to which these components represent certain industries, are likely to change over time. Securities may be registered or privately placed.

The Underlying Index uses a rules-based approach to calculate an equal volatility-weighted allocation to each of five segments of the Parent Index: (1) investment-grade corporate bonds 1-5 year; (2) investment-grade corporate bonds 5-10 year; (3) high yield corporate bonds rated BB or higher; (4) high yield corporate bonds rated below BB; and (5) U.S. agency MBS. Segments with lower credit spread volatility receive a higher weighting, and segments with higher credit spread volatility receive a lower weighting, with the result that the contribution of each segment to overall credit spread volatility is approximately equal. Credit spread volatility for investment-grade corporate securities and MBS components are measured differently than the Fund’s high yield securities, but aim to capture the volatility of the return attributable to the credit quality of the security.

To increase overall yield and credit spread exposure, the Underlying Index incorporates a leverage factor of up to 25% that redeploys MBS exposure, via cash pending settlement from to-be-announced (“TBA”) mortgage transactions, toward other index constituent securities. The Underlying Index further adjusts interest rate risk so that it equals credit spread risk, by adding either long positions in U.S. Treasury bonds or short positions in U.S. Treasury futures. The Underlying Index is rebalanced monthly.

BFA uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.

Indexing may eliminate the chance that the Fund will substantially outperform the Underlying Index but also may reduce some of the risks of active management, such as poor security selection. Indexing seeks to achieve lower costs and better after-tax performance by keeping portfolio turnover low in comparison to actively managed investment companies.

BFA uses a representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that involves investing in a representative sample of securities that collectively has an investment profile similar to that of an applicable underlying index. The securities selected are expected to have, in the aggregate, investment characteristics (based on factors such as market capitalization and industry weightings), fundamental characteristics (such as return variability, duration, maturity, credit ratings and yield) and liquidity measures similar to those of an applicable underlying index. The Fund may or may not hold all of the securities in the Underlying Index.

The Fund generally will invest at least 90% of its assets in the component securities of the Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of the Underlying Index (i.e., TBAs) and may invest up to 10% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of money market funds advised by BFA or its affiliates (“BlackRock Cash Funds”), as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. From time to time when conditions warrant, however, the Fund may invest at least 80% of its assets in the component securities of the Underlying Index and in investments that have economic characteristics that are substantially identical to the component securities of the Underlying Index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, including shares of BlackRock Cash Funds, as well as in securities not included in the Underlying Index, but which BFA believes will help the Fund track the Underlying Index. The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund.

The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any collateral received).

The Underlying Index is sponsored by Bloomberg Index Services Limited (Bloomberg), which is independent of the Fund and BFA. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.

Risk [Heading] rr_RiskHeading Summary of Principal Risks

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments. The Fund is subject to certain risks, including the principal risks noted below, any of which may adversely affect the Fund's net asset value per share (“NAV”), trading price, yield, total return and ability to meet its investment objective.

Asset Class Risk. Securities and other assets in the Underlying Index or in the Fund's portfolio may underperform in comparison to the general financial markets, a particular financial market or other asset classes.

Assets Under Management (AUM) Risk. From time to time, an Authorized Participant (as defined in the Creations and Redemptions section of this Prospectus), a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, or a fund may invest in the Fund and hold its investment for a specific period of time in order to facilitate commencement of the Fund’s operations or to allow the Fund to achieve size or scale. There can be no assurance that any such entity would not redeem its investment or that the size of the Fund would be maintained at such levels, which could negatively impact the Fund.

Authorized Participant Concentration Risk. Only an Authorized Participant may engage in creation or redemption transactions directly with the Fund. The Fund has a limited number of institutions that may act as Authorized Participants on an agency basis (i.e., on behalf of other market participants). To the extent that Authorized Participants exit the business or are unable to proceed with creation or redemption orders with respect to the Fund and no other Authorized Participant is able to step forward to create or redeem Creation Units (as defined in the Purchase and Sale of Fund Shares section of the Prospectus), Fund shares may be more likely to trade at a premium or discount to NAV and possibly face trading halts or delisting.

Balancing Risk Exposure Strategy Risk. The Fund seeks long exposure to investment-grade and high-yield corporate bonds, long exposure to U.S. dollar-denominated MBS and TBAs, long exposure to U.S. Treasury securities and short exposure to U.S. Treasury futures and/or swaps, with a goal of balancing the expected contribution to risk from interest rates and credit spreads. There is no guarantee that the interest rate risk and credit spread risk will be balanced, or that the returns on the Fund’s long or short positions will produce high, or even positive, returns and the Fund could lose money if either or both the Fund’s long and short positions produce negative returns.

Call Risk. During periods of falling interest rates, an issuer of a callable bond held by the Fund may “call” or repay the security before its stated maturity, and the Fund may have to reinvest the proceeds in securities with lower yields, which would result in a decline in the Fund's income, or in securities with greater risks or with other less favorable features.

Concentration Risk. The Fund may be susceptible to an increased risk of loss, including losses due to adverse events that affect the Fund’s investments more than the market as a whole, to the extent that the Fund's investments are concentrated in the securities of a particular issuer or issuers, country, group of countries, region, market, industry, group of industries, sector or asset class.

Credit Risk. Debt issuers and other counterparties may be unable or unwilling to make timely interest and/or principal payments when due or otherwise honor their obligations. Changes in an issuer’s credit rating or the market’s perception of an issuer’s creditworthiness may also adversely affect the value of the Fund’s investment in that issuer. The degree of credit risk depends on an issuer’s or counterparty’s financial condition and on the terms of an obligation.

Credit Spread Risk. Credit spread risk is the risk that credit spreads (i.e., the difference in yield between securities that have differences in credit quality or other factors) may increase, which may reduce the market values of the Fund's securities. While the Fund may employ strategies to mitigate credit spread risk, these strategies may not be successful.

Cyber Security Risk. Failures or breaches of the electronic systems of the Fund, the Fund's adviser, distributor, and other service providers, market makers, Authorized Participants or the issuers of securities in which the Fund invests have the ability to cause disruptions and negatively impact the Fund’s business operations, potentially resulting in financial losses to the Fund and its shareholders. While the Fund has established business continuity plans and risk management systems seeking to address system breaches or failures, there are inherent limitations in such plans and systems. Furthermore, the Fund cannot control the cyber security plans and systems of the Fund’s service providers, the Index Provider, market makers, Authorized Participants or issuers of securities in which the Fund invests.

Derivatives Risk. The Fund may use futures, options and swaps in seeking to achieve the Fund’s investment objective. The Fund’s use of futures, options and swaps, like investment in other derivatives, may reduce the Fund’s returns or increase volatility. Volatility is defined as the characteristic of a security, an index or a market to fluctuate significantly in price within a short time period. Futures and swaps, like other derivatives, are also subject to counterparty risk, which is the risk that the other party in the transaction will not fulfill its contractual obligation. Futures, similar to other derivatives, are also subject to the possible lack of a liquid secondary market for a futures contract and the resulting inability to close a futures contract when desired, exposing the Fund to losses and making it more difficult for the Fund to value accurately. A risk of the Fund’s use of derivatives is that the fluctuations in their values may not correlate perfectly with the value of the underlying asset, the performance of the asset class to which the Fund seeks exposure or to the performance of the overall securities markets. For example, to the extent that the Fund writes or sells an option, if the decline or increase in the underlying asset is significantly below or above the exercise price of the written option, the Fund could experience a substantial loss. The Fund could also suffer losses related to its derivatives positions as a result of unanticipated market movements, which losses are potentially unlimited. Certain derivatives may give rise to a form of leverage and may expose the Fund to greater risk and increase its costs. To the extent that the Fund invests in rolling futures contracts, it may be subject to additional risk. The impact of increasing U.S. and global regulation of derivatives may make derivatives more costly, may limit the availability of derivatives, may delay or restrict the exercise of default remedies or termination rights by the Fund, or may otherwise adversely affect the value or performance of derivatives.

Extension Risk. During periods of rising interest rates, certain debt obligations may be paid off substantially more slowly than originally anticipated and the value of those securities may fall sharply, resulting in a decline in the Fund’s income and potentially in the value of the Fund’s investments.

Financials Sector Risk. Performance of companies in the financials sector may be adversely impacted by many factors, including, among others, changes in government regulations, economic conditions, and interest rates, credit rating downgrades, and decreased liquidity in credit markets. The impact of more stringent capital requirements and recent or future regulation of any individual financial company, or of the financials sector as a whole, cannot be predicted. In recent years, cyber attacks and technology malfunctions and failures have become increasingly frequent in this sector and have caused significant losses to companies in this sector, which may negatively impact the Fund.

Hedging Risk. The Fund seeks to mitigate the potential impact of interest rates on the performance of bonds by entering into short positions in U.S. Treasury futures or similar positions through transactions in interest rate swaps. The Fund’s short positions in U.S. Treasury futures and interest rate swaps are not intended to mitigate credit spread risk or other factors influencing the price of bonds, which may have a greater impact than interest rates. There is no guarantee that the Fund’s short positions will completely eliminate the interest rate risk of the long positions in bonds. In addition, when interest rates fall, long–only bond investments will perform better than the Fund’s investments. In certain falling interest rate environments, the Fund’s hedging strategy could result in disproportionately larger losses in the short U.S. Treasury futures and interest rate swaps positions as compared to gains in the long bond positions attributable to interest rate changes. There is no guarantee the Fund will have positive returns, even in environments of sharply rising Treasury interest rates in which the Fund’s short positions might be expected to mitigate the effects of such rises. The Fund will incur expenses when entering into short positions.

High Portfolio Turnover Risk. High portfolio turnover (considered by the Fund to mean higher than 100% annually) may result in increased transaction costs to the Fund, including brokerage commissions, dealer mark-ups and other transaction costs on the sale of the securities and on reinvestment in other securities.

High Yield Securities Risk. Securities that are rated below investment-grade (commonly referred to as “junk bonds,” which may include those bonds rated lower than “BBB-” by S&P Global Ratings and Fitch, or “Baa3” by Moody's), or are unrated, may be deemed speculative, may involve greater levels of risk than higher-rated securities of similar maturity and may be more likely to default.

Income Risk. The Fund's income may decline when interest rates fall. This decline can occur because the Fund may subsequently invest in lower-yielding bonds as bonds in its portfolio mature, are near maturity, bonds in the Underlying Index are substituted, or the Fund otherwise needs to purchase additional bonds.

Index-Related Risk. There is no guarantee that the Fund’s investment results will have a high degree of correlation to those of the Underlying Index and that the Fund will therefore achieve its investment objective. Market disruptions and regulatory restrictions could have an adverse effect on the Fund’s ability to adjust its exposure to the required levels in order to track the Underlying Index. Errors in index data, index computations or the construction of the Underlying Index in accordance with its methodology may occur from time to time and may not be identified and corrected by the Index Provider for a period of time or at all, which may have an adverse impact on the Fund and its shareholders.

Interest Rate Risk. An increase in interest rates may cause the value of securities held by the Fund to decline, may lead to heightened volatility in the fixed-income markets and may adversely affect the liquidity of certain fixed-income investments. The historically low interest rate environment increases the risks associated with rising interest rates.

Issuer Risk. The performance of the Fund depends on the performance of individual securities to which the Fund has exposure. Changes in the financial condition or credit rating of an issuer of those securities may cause the value of the securities to decline.

Liquidity Risk. Liquidity risk exists when particular investments are difficult to purchase or sell. This can reduce the Fund's returns because the Fund may be unable to transact at advantageous times or prices.

Management Risk. As the Fund may not fully replicate the Underlying Index, it is subject to the risk that BFA's investment strategy may not produce the intended results.

Market Risk. The Fund could lose money over short periods due to short-term market movements and over longer periods during more prolonged market downturns.

Market Trading Risk. The Fund faces numerous market trading risks, including the potential lack of an active market for Fund shares, losses from trading in secondary markets, periods of high volatility and disruptions in the creation/redemption process. ANY OF THESE FACTORS, AMONG OTHERS, MAY LEAD TO THE FUND'S SHARES TRADING AT A PREMIUM OR DISCOUNT TO NAV.

Model Risk. Neither the Fund nor BFA can offer assurances that the Underlying Index's allocation model will achieve its intended results or maximize returns or minimize risk, or be appropriate for every investor seeking a particular risk profile.

Mortgage-Backed Securities Risk. The Fund invests in MBS, some of which may not be backed by the full faith and credit of the U.S. government. MBS are subject to prepayment or call risk and extension risk. Because of these risks, MBS react differently than other bonds to changes in interest rates. Small movements in interest rates (both increases and decreases) may quickly and significantly reduce the value of certain MBS. Default or bankruptcy of a counterparty to a TBA transaction would expose the Fund to possible loss.

Non-Diversification Risk. The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers.

Operational Risk. The Fund is exposed to operational risks arising from a number of factors, including, but not limited to, human error, processing and communication errors, errors of the Fund’s service providers, counterparties or other third-parties, failed or inadequate processes and technology or systems failures. The Fund and BFA seek to reduce these operational risks through controls and procedures. However, these measures do not address every possible risk and may be inadequate to address significant operational risks.

Passive Investment Risk. The Fund is not actively managed, and BFA generally does not attempt to take defensive positions under any market conditions, including declining markets.

Prepayment Risk. During periods of falling interest rates, issuers of certain debt obligations may repay principal prior to the security’s maturity, which may cause the Fund to have to reinvest in securities with lower yields or higher risk of default, resulting in a decline in the Fund’s income or return potential.

Privately-Issued Securities Risk. The Fund may invest in privately-issued securities, including those that are normally purchased pursuant to Rule 144A or Regulation S promulgated under the Securities Act of 1933, as amended (the “1933 Act”). Privately-issued securities are securities that have not been registered under the 1933 Act and as a result are subject to legal restrictions on resale. Privately-issued securities are not traded on established markets and may be illiquid, difficult to value and subject to wide fluctuations in value. Delay or difficulty in selling such securities may result in a loss to the Fund.

Risk of Investing in the United States. The Fund has significant exposure to U.S. issuers. Certain changes in the U.S. economy, such as when the U.S. economy weakens or when its financial markets decline, may have an adverse effect on the securities to which the Fund has exposure.

Securities Lending Risk. The Fund may engage in securities lending. Securities lending involves the risk that the Fund may lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. The Fund could also lose money in the event of a decline in the value of collateral provided for loaned securities or a decline in the value of any investments made with cash collateral. These events could also trigger adverse tax consequences for the Fund.

Tracking Error Risk. Tracking error is the divergence of a fund’s performance from that of the applicable underlying index. Tracking error may occur because of differences between the securities and other instruments held in a fund’s portfolio and those included in the applicable underlying index, pricing differences (including, as applicable, differences between a security’s price at the local market close and the fund's valuation of a security at the time of calculation of the fund's NAV), differences in transaction costs, the fund’s holding of uninvested cash, differences in timing of the accrual of or the valuation of distributions, tax gains or losses, changes to the applicable underlying index or the costs to the fund of complying with various new or existing regulatory requirements. This risk may be heightened during times of increased market volatility or other unusual market conditions. Tracking error also may result because a fund incurs fees and expenses, while the applicable underlying index does not. INDEX EXCHANGE TRADED FUNDS (“ETFs”) THAT TRACK INDICES WITH SIGNIFICANT WEIGHT IN HIGH YIELD SECURITIES MAY EXPERIENCE HIGHER TRACKING ERROR THAN OTHER INDEX ETFs THAT DO NOT TRACK SUCH INDICES. Because the fundamental policies of the Fund do not provide for the Fund to concentrate holdings in accordance with the concentrations included in the Underlying Index, the Fund may experience higher tracking error than other index ETFs.

U.S. Government Issuers Risk. Obligations of U.S. government agencies and authorities are supported by varying degrees of credit, but generally are not backed by the full faith and credit of the U.S. government. Similar to other issuers, changes to the financial condition or credit rating of the U.S. government or U.S. government agencies and authorities may cause the value of the Fund's investments to decline.

Valuation Risk. The price the Fund could receive upon sale of a security or other asset may differ from the Fund's valuation of the security or other asset and from the value used by the Underlying Index, particularly for securities or other assets that trade in low volume or volatile markets or that are valued using a fair value methodology as a result of trade suspensions or for other reasons. In addition, the value of the securities or other assets in the Fund's portfolio may change on days or during time periods when shareholders will not be able to purchase or sell the Fund's shares. Authorized Participants who purchase or redeem Fund shares on days when the Fund is holding fair-valued securities may receive fewer or more shares, or lower or higher redemption proceeds, than they would have received had the Fund not fair-valued securities or used a different valuation methodology. The Fund’s ability to value investments may be impacted by technological issues or errors by pricing services or other third-party service providers.

Risk Lose Money [Text] rr_RiskLoseMoney As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that of other investments.

Risk Nondiversified Status [Text] rr_RiskNondiversifiedStatus Non-Diversification Risk. The Fund may invest a large percentage of its assets in securities issued by or representing a small number of issuers. As a result, the Fund's performance may depend on the performance of a small number of issuers.

Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance Information

Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The Fund is continuing the operations of the Predecessor Fund, a series of iShares U.S. ETF Trust. Before the Fund commenced operations, all of the assets and liabilities of the Predecessor Fund were transferred to the Fund in a reorganization (the “Reorganization”), which was tax-free for U.S. federal income tax purposes. The Reorganization occurred on February 5, 2018. As a result of the Reorganization, the Fund assumed the performance and accounting history of the Predecessor Fund, which was actively managed by BFA using an investment strategy substantially similar to the methodology of the Underlying Index.The bar chart and table that follow show how the Predecessor Fund has performed on a calendar year basis and provide an indication of the risks of investing in the Fund. Both assume that all dividends and distributions have been reinvested in the Predecessor Fund. Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future. Supplemental information about the Predecessor Fund’s performance is shown under the heading Total Return Information in the Supplemental Information section of the Prospectus. If BFA had not waived certain Predecessor Fund fees during certain periods, the Predecessor Fund's returns would have been lower.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table that follow show how the Predecessor Fund has performed on a calendar year basis and provide an indication of the risks of investing in the Fund.

Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone 1-800-iShares (1-800-474-2737) (toll free)

Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.iShares.com

Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance (before and after taxes) does not necessarily indicate how the Fund will perform in the future.

Bar Chart [Heading] rr_BarChartHeading Year by Year Return (Year Ended December 31)

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock The best calendar quarter return during the period shown above was 2.69% in the 1st quarter of 2016; the worst was -1.25% in the 4th quarter of 2016.

Updated performance information may be obtained by visiting our website at www.iShares.com or by calling 1-800-iShares (1-800-474-2737) (toll free).

Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns
(for the periods ended December 31, 2016)

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns in the table above are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state or local taxes.

Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to tax-exempt investors or investors who hold shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”).

Performance Table Explanation after Tax Higher rr_PerformanceTableExplanationAfterTaxHigher Fund returns after taxes on distributions and sales of Fund shares are calculated assuming that an investor has sufficient capital gains of the same character from other investments to offset any capital losses from the sale of Fund shares. As a result, Fund returns after taxes on distributions and sales of Fund shares may exceed Fund returns before taxes and/or returns after taxes on distributions.

iShares Edge U.S. Fixed Income Balanced Risk ETF | iShares Edge U.S. Fixed Income Balanced Risk ETF

Risk/Return: rr_RiskReturnAbstract

Management Fees rr_ManagementFeesOverAssets 0.25%

Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none

Other Expenses rr_OtherExpensesOverAssets none

Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%

Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.26%

Fee Waiver rr_FeeWaiverOrReimbursementOverAssets (0.01%)

Total Annual Fund Operating Expenses After Fee Waiver rr_NetExpensesOverAssets 0.25%

1 Year rr_ExpenseExampleYear01 $ 26

3 Years rr_ExpenseExampleYear03 80

5 Years rr_ExpenseExampleYear05 141

10 Years rr_ExpenseExampleYear10 $ 324

2016 rr_AnnualReturn2016 5.32%

2017 rr_AnnualReturn2017 3.85% ^[1],[2]

Year to Date Return, Label rr_YearToDateReturnLabel The Predecessor Fund’s year-to-date

Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2017

Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 3.87%

Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel best

Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Mar. 31, 2016

Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 2.69%

Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel worst

Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2016

Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (1.25%)

One Year rr_AverageAnnualReturnYear01 5.32%

Since Predecessor Fund Inception rr_AverageAnnualReturnSinceInception 2.43%

Inception Date rr_AverageAnnualReturnInceptionDate Feb. 24, 2015

iShares Edge U.S. Fixed Income Balanced Risk ETF | Return After Taxes on Distributions | iShares Edge U.S. Fixed Income Balanced Risk ETF

Risk/Return: rr_RiskReturnAbstract

One Year rr_AverageAnnualReturnYear01 4.04% ^[3]

Since Predecessor Fund Inception rr_AverageAnnualReturnSinceInception 1.23% ^[3]

iShares Edge U.S. Fixed Income Balanced Risk ETF | Return After Taxes on Distributions and Sale of Fund Shares | iShares Edge U.S. Fixed Income Balanced Risk ETF

Risk/Return: rr_RiskReturnAbstract

One Year rr_AverageAnnualReturnYear01 3.00% ^[3]

Since Predecessor Fund Inception rr_AverageAnnualReturnSinceInception 1.30% ^[3]

iShares Edge U.S. Fixed Income Balanced Risk ETF | Bloomberg Barclays U.S. Aggregate Bond Index (Index returns do not reflect deductions for fees, expenses, or taxes)

Risk/Return: rr_RiskReturnAbstract

One Year rr_AverageAnnualReturnYear01 2.65% ^[4]

Since Predecessor Fund Inception rr_AverageAnnualReturnSinceInception 1.09% ^[4]

iShares Edge U.S. Fixed Income Balanced Risk ETF | Bloomberg Barclays U.S. Fixed Income Balanced Risk Index (Index returns do not reflect deductions for fees, expenses, or taxes)

Risk/Return: rr_RiskReturnAbstract

One Year rr_AverageAnnualReturnYear01 5.42%

Since Predecessor Fund Inception rr_AverageAnnualReturnSinceInception

[1] Following the completion of the Reorganization, the Fund employs different investment strategies than the Predecessor Fund in seeking to achieve its investment objective.

[2] The Predecessor Fund’s year-to-date return as of September 30, 2017 was 3.87%.

[3] After-tax returns in the table above are calculated using the historical highest individual U.S. federal marginal income tax rates and do not reflect the impact of state or local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown, and after-tax returns shown are not relevant to tax-exempt investors or investors who hold shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). Fund returns after taxes on distributions and sales of Fund shares are calculated assuming that an investor has sufficient capital gains of the same character from other investments to offset any capital losses from the sale of Fund shares. As a result, Fund returns after taxes on distributions and sales of Fund shares may exceed Fund returns before taxes and/or returns after taxes on distributions.

[4] The Bloomberg Barclays U.S. Aggregate Bond Index is the reference index previously included in the Average Annual Total Returns table for the Predecessor Fund.

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12b
-Subsection 1
+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
Total Annual Fund Operating Expenses.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection table
-Paragraph 1
-Subparagraph 11
+ Details

Name: rr_AcquiredFundFeesAndExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart. When a Multiple Class Fund offers more than one Class in the prospectus, provide annual total returns in the bar chart for only one of those Classes. The Fund can select which Class to include (e.g., the oldest Class, the Class with the greatest net assets).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_AnnualReturn2016

Namespace Prefix: rr_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart. When a Multiple Class Fund offers more than one Class in the prospectus, provide annual total returns in the bar chart for only one of those Classes. The Fund can select which Class to include (e.g., the oldest Class, the Class with the greatest net assets).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_AnnualReturn2017

Namespace Prefix: rr_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
Return Before Taxes.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph instructions
-Clause 4
+ Details

Name: rr_AverageAnnualReturnInceptionDate

Namespace Prefix: rr_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
Return Before Taxes.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph iii
-Clause 1
-Exhibit 2
+ Details

Name: rr_AverageAnnualReturnSinceInception

Namespace Prefix: rr_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
Return Before Taxes.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph iii
-Clause 1
-Exhibit 2
+ Details

Name: rr_AverageAnnualReturnYear01

Namespace Prefix: rr_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
Risk/Return Bar Chart and Table.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
+ Details

Name: rr_BarChartAndPerformanceTableHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_BarChartClosingTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Risk/Return Bar Chart and Table.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
+ Details

Name: rr_BarChartHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_BarChartHighestQuarterlyReturn

Namespace Prefix: rr_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_BarChartHighestQuarterlyReturnDate

Namespace Prefix: rr_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_BarChartLowestQuarterlyReturn

Namespace Prefix: rr_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_BarChartLowestQuarterlyReturnDate

Namespace Prefix: rr_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_BarChartYearToDateReturn

Namespace Prefix: rr_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_BarChartYearToDateReturnDate

Namespace Prefix: rr_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
Distribution [and/or Service] (12b-1) Fees" include all distribution or other expenses incurred during the most recent fiscal year under a plan adopted pursuant to rule 12b-1 [17 CFR 270.12b-1]. Under an appropriate caption or a subcaption of "Other Expenses," disclose the amount of any distribution or similar expenses deducted from the Fund's assets other than pursuant to a rule 12b-1 plan.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection table
-Paragraph 1
-Subparagraph 9
+ Details

Name: rr_DistributionAndService12b1FeesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition
Heading for Expense Example.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 4
+ Details

Name: rr_ExpenseExampleHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
The Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection example
-Paragraph 1
-Subparagraph 1
+ Details

Name: rr_ExpenseExampleNarrativeTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 4
+ Details

Name: rr_ExpenseExampleYear01

Namespace Prefix: rr_

Data Type: rr:NonNegativeMonetaryType

Balance Type: na

Period Type: duration

X

- Definition
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection example
-Paragraph 1
-Subparagraph 2
+ Details

Name: rr_ExpenseExampleYear03

Namespace Prefix: rr_

Data Type: rr:NonNegativeMonetaryType

Balance Type: na

Period Type: duration

X

- Definition
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection example
-Paragraph 1
-Subparagraph 2
+ Details

Name: rr_ExpenseExampleYear05

Namespace Prefix: rr_

Data Type: rr:NonNegativeMonetaryType

Balance Type: na

Period Type: duration

X

- Definition
The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection example
-Paragraph 1
-Subparagraph 2
+ Details

Name: rr_ExpenseExampleYear10

Namespace Prefix: rr_

Data Type: rr:NonNegativeMonetaryType

Balance Type: na

Period Type: duration

X

- Definition
Modify the narrative explanation to state that Fund shares are sold on a national securities exchange at the end of the time periods indicated, and that brokerage commissions for buying and selling Fund shares through a broker are not reflected.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 1
-Subparagraph e
-Clause i
+ Details

Name: rr_ExpenseExchangeTradedFundCommissions

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Risk/Return Summary Fee Table Includes the following information, in plain English under rule 421(d) under the Securities Act, after Item 2 Fees and expenses of the Fund This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Shareholder Fees (fees paid directly from your investment) Example This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then you redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return per year and that the Fund's operating expenses remained the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be You would pay the following expenses if you did not redeem your shares The Example does not reflect sales charges (loads) on reinvested dividends [and other distributions]. If these sales charges (loads) were included, your costs would be higher. Portfolio Turnover The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was __% of the average value of its whole portfolio. Instructions. A.3.instructions.6 New Funds. For purposes of this Item, a "New Fund" is a Fund that does not include in Form N-1A financial statements reporting operating results or that includes financial statements for the Fund's initial fiscal year reporting operating results for a period of 6 months or less. The following Instructions apply to New Funds.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 1
-Subparagraph d
+ Details

Name: rr_ExpenseHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
This table describes the fees and expenses that you may pay if you buy and hold shared of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $[_____] in [name of fund family] funds. Include the narrative explanations in the order indicated. A Fund may modify the narrative explanations if the explanation contains comparable information to that shown. The narrative explanation regarding sales charge discounts is only required by a Fund that offers such discounts and should specify the minimum level of investment required to qualify for a discount. Modify the narrative explanation to state that Fund shares are sold on a national securities exchange at the end of the time periods indicated, and that brokerage commissions for buying and selling Fund shares through a broker are not reflected.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 1
-Subparagraph b
+ Details

Name: rr_ExpenseNarrativeTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
The Fund may clarify in a footnote to the fee table that the total annual fund operating expenses under Item 3 do not correlate to the ratio of expenses to average net assets given in response to Item 8, which reflects the operating expenses of the Fund and does not include Acquired Fund fees and expenses.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 3
-Subparagraph f
-Clause vii
+ Details

Name: rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Total Annual Fund Operating Expenses. If the Fund is a Feeder Fund, reflect the aggregate expenses of the Feeder Fund and the Master Fund in a single fee table using the captions provided. In a footnote to the fee table, state that the table and Example reflect the expenses of both the Feeder and Master Funds. If the prospectus offers more than one Class of a Multiple Class Fund or more than one Feeder Fund that invests in the same Master Fund, provide a separate response for each Class or Feeder Fund. Base the percentages of "Annual Fund Operating Expenses" on amounts incurred during the Fund's most recent fiscal year, but include in expenses amounts that would have been incurred absent expense reimbursement or fee waiver arrangements. If the Fund has changed its fiscal year and, as a result, the most recent fiscal year is less than three months, use the fiscal year prior to the most recent fiscal year as the basis for determining "Annual Fund Operating Expenses."
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 3
-Subparagraph d
+ Details

Name: rr_ExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition
Total Annual Fund Operating Expenses. If there were expense reimbursement or fee waiver arrangements that reduced any Fund operating expenses and will continue to reduce them for no less than one year from the effective date of the Fund's registration statement, a Fund may add two captions to the table one caption showing the amount of the expense reimbursement or fee waiver, and a second caption showing the Fund's net expenses after subtracting the fee reimbursement or expense waiver from the total fund operating expenses. The Fund should place these additional captions directly below the "Total Annual Fund Operating Expenses" caption of the table and should use appropriate descriptive captions, such as "Fee Waiver [and/or Expense Reimbursement]" and "Total Annual Fund Operating Expenses After Fee Waiver [and/or Expense Reimbursement]," respectively. If the Fund provides this disclosure, also disclose the period for which the expense reimbursement or fee waiver arrangement is expected to continue, and briefly describe who can terminate the arrangement and under what circumstances.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection table
-Paragraph 1
-Subparagraph 11
+ Details

Name: rr_FeeWaiverOrReimbursementOverAssets

Namespace Prefix: rr_

Data Type: rr:NonPositivePure4Type

Balance Type: na

Period Type: duration

X

- Definition
This element represents the date of expected termination of any expense reimbursement or fee waiver arrangements that reduce any Fund operating expenses (SEC Form N-1A 2006-09-14 A.3.table.1.11 Total Annual Fund Operating Expenses A.3.instructions.3.e).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 3
-Subparagraph e
+ Details

Name: rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_HighestQuarterlyReturnLabel

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_LowestQuarterlyReturnLabel

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Management Fees include investment advisory fees (including any fees based on the Fund's performance), any other management fees payable to the investment adviser or its affiliates, and administrative fees payable to the investment adviser or its affiliates that are not included as "Other Expenses."
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 3
-Subparagraph a
+ Details

Name: rr_ManagementFeesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition
Total Annual Fund Operating Expenses.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection table
-Paragraph 1
-Subparagraph 11
+ Details

Name: rr_NetExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition
Investment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 2
-Subsection a
+ Details

Name: rr_ObjectiveHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Investment Objectives/Goals. Disclose the Fund's investment objectives or goals. A Fund also may identify its type or category (e.g., that it is a Money Market Fund or a balanced fund).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 2
-Subsection a
+ Details

Name: rr_ObjectivePrimaryTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investment)
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection table
-Paragraph 1
-Subparagraph 7
+ Details

Name: rr_OperatingExpensesCaption

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
"Other Expenses" include all expenses not otherwise disclosed in the table that are deducted from the Fund's assets or charged to all shareholder accounts. The amount of expenses deducted from the Fund's assets are the amounts shown as expenses in the Fund's statement of operations (including increases resulting from complying with paragraph 2(g) of rule 6-07 of Regulation S-X [17 CFR 210.6-07]). "Other Expenses" do not include extraordinary expenses as determined under generally accepted accounting principles (see Accounting Principles Board Opinion No. 30). If extraordinary expenses were incurred that materially affected the Fund's "Other Expenses," disclose in a footnote to the table what "Other Expenses" would have been had the extraordinary expenses been included.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 3
-Subparagraph c
-Clause i
+ Details

Name: rr_OtherExpensesOverAssets

Namespace Prefix: rr_

Data Type: rr:NonNegativePure4Type

Balance Type: na

Period Type: duration

X

- Definition
If applicable, include a statement explaining that updated performance information is available and providing a Web site address and/or toll-free (or collect) telephone number where the updated information may be obtained.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph i
+ Details

Name: rr_PerformanceAvailabilityPhone

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
If applicable, include a statement explaining that updated performance information is available and providing a Website address and/or toll-free (or collect) telephone number where the updated information may be obtained.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph i
+ Details

Name: rr_PerformanceAvailabilityWebSiteAddress

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Include the bar chart and table required by paragraphs (b)(2)(ii) and (iii) of this section. Provide a brief explanation of how the information illustrates the variability of the Fund's returns (e.g., by stating that the information provides some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual returns for 1, 5, and 10 years compare with those of a broad measure of market performance). Provide a statement to the effect that the Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph i
+ Details

Name: rr_PerformanceInformationIllustratesVariabilityOfReturns

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Risk/Return Bar Chart and Table.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
+ Details

Name: rr_PerformanceNarrativeTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
Include the bar chart and table required by paragraphs (b)(2)(ii) and (iii) of this section. Provide a brief explanation of how the information illustrates the variability of the Fund's returns (e.g., by stating that the information provides some indication of the risks of investing in the Fund by showing changes in the Fund's performance from year to year and by showing how the Fund's average annual returns for 1, 5, and 10 years compare with those of a broad measure of market performance). Provide a statement to the effect that the Fund's past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph i
+ Details

Name: rr_PerformancePastDoesNotIndicateFuture

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
If average annual total return (after taxes on distributions and redemption) is higher than average annual total return, the reason for this result may be explained.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph iv
-Clause D
+ Details

Name: rr_PerformanceTableExplanationAfterTaxHigher

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
This item represents Average Anuual Total Returns. If a Multiple Class Fund offers a Class in the prospectus that converts into another Class after a stated period, compute average annual total returns in the table by using the returns of the other Class for the period after conversion.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph instructions
-Clause 3
-Exhibit c
+ Details

Name: rr_PerformanceTableHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Provide a brief explanation that the actual after-tax returns depend on an investor's tax situation and may differ from those shown, and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph iv
-Clause B
+ Details

Name: rr_PerformanceTableNotRelevantToTaxDeferred

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Provide a brief explanation that after-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph iii
+ Details

Name: rr_PerformanceTableUsesHighestFederalRate

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection instructions
-Paragraph 5
+ Details

Name: rr_PortfolioTurnoverHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
This element represents the rate of portfolio turnover presented as a percentage (SEC Form N-1A 2006-09-14 A.3.example.3 Portfolio Turnover A.3.instructions.5 Portfolio Turnover).
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection example
-Paragraph 3
+ Details

Name: rr_PortfolioTurnoverRate

Namespace Prefix: rr_

Data Type: xbrli:pureItemType

Balance Type: na

Period Type: duration

X

- Definition
Disclose the portfolio turnover rate provided in response to Item 14(a) for the most recent fiscal year (or for such shorter period as the Fund has been in operation). Disclose the period for which the information is provided if less than a full fiscal year. A Fund that is a Money Market Fund may omit the portfolio turnover information required by this Item.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 3
-Subsection example
-Paragraph 3
+ Details

Name: rr_PortfolioTurnoverTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
The date of the prospectus.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 1
-Subsection a
-Paragraph 3
+ Details

Name: rr_ProspectusDate

Namespace Prefix: rr_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
Narrative Risk Disclosure.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 1
+ Details

Name: rr_RiskHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Summarize the principal risks of investing in the Fund, including the risks to which the Fund's portfolio as a whole is subject and the circumstances reasonably likely to affect adversely the Fund's net asset value, yield, and total return. Unless the Fund is a Money Market Fund, disclose that loss of money is a risk of investing in the Fund. A Fund may, in responding to this Item, describe the types of investors for whom the Fund is intended or the types of investment goals that may be consistent with an investment in the Fund.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 1
-Subparagraph i
+ Details

Name: rr_RiskLoseMoney

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Narrative Risk Disclosure. A Fund may, in responding to this Item, describe the types of investors for whom the Fund is intended or the types of investment goals that may be consistent with an investment in the Fund.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 1
-Subparagraph i
-Clause instruction
+ Details

Name: rr_RiskNarrativeTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
If applicable, state that the Fund is non-diversified, describe the effect of non-diversification (e.g., disclose that, compared with other funds, the Fund may invest a greater percentage of its assets in a particular issuer), and summarize the risks of investing in a non-diversified fund.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 1
-Subparagraph iv
+ Details

Name: rr_RiskNondiversifiedStatus

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: rr_RiskReturnAbstract

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Risk/Return Summary Investment Objectives/Goals Include the following information, in plain English under rule 421(d) under the Securities Act, in the order and subject matter indicated
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 2
+ Details

Name: rr_RiskReturnHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection a
+ Details

Name: rr_StrategyHeading

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Definition
Principal investment strategies of the Fund. Summarize how the Fund intends to achieve its investment objectives by identifying the Fund's principal investment strategies (including the type or types of securities in which the Fund invests or will invest principally) and any policy to concentrate in securities of issuers in a particular industry or group of industries.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection a
+ Details

Name: rr_StrategyNarrativeTextBlock

Namespace Prefix: rr_

Data Type: nonnum:textBlockItemType

Balance Type: na

Period Type: duration

X

- Definition
If the Fund has annual returns for at least one calendar year, provide a bar chart showing the Fund's annual total returns for each of the last 10 calendar years (or for the life of the Fund if less than 10 years), but only for periods subsequent to the effective date of the Fund's registration statement. Present the corresponding numerical return adjacent to each bar. If the Fund's fiscal year is other than a calendar year, include the year-to-date return information as of the end of the most recent quarter in a footnote to the bar chart. Following the bar chart, disclose the Fund's highest and lowest return for a quarter during the 10 years or other period of the bar chart.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 4
-Subsection b
-Paragraph 2
-Subparagraph ii
+ Details

Name: rr_YearToDateReturnLabel

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

X

- Details

Name: dei_LegalEntityAxis=ist_S000060088Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: rr_ProspectusShareClassAxis=ist_C000196720Member

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: rr_PerformanceMeasureAxis=rr_AfterTaxesOnDistributionsMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: rr_PerformanceMeasureAxis=rr_AfterTaxesOnDistributionsAndSalesMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: rr_PerformanceMeasureAxis=ist_BloombergBarclaysUsAggregateBondIndexMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

X

- Details

Name: rr_PerformanceMeasureAxis=ist_BloombergBarclaysUSFixedIncomeBalancedRiskIndexMember

Namespace Prefix:

Data Type: na

Balance Type:

Period Type:

XML 13 R8.htm IDEA: XBRL DOCUMENT v3.8.0.1

Label Element Value

Risk/Return: rr_RiskReturnAbstract

Registrant Name dei_EntityRegistrantName iSHARES TRUST

Prospectus Date rr_ProspectusDate Dec. 21, 2017

Document Creation Date dei_DocumentCreationDate Feb. 05, 2018

X

- Definition
The date the document was made available and submitted, in CCYY-MM-DD format. The date of submission, date of acceptance by the recipient, and the document effective date are all potentially different.
+ References
No definition available.
+ Details

Name: dei_DocumentCreationDate

Namespace Prefix: dei_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- Definition
The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation 12B
-Number 240
-Section 12b
-Subsection 1
+ Details

Name: dei_EntityRegistrantName

Namespace Prefix: dei_

Data Type: xbrli:normalizedStringItemType

Balance Type: na

Period Type: duration

X

- Definition
The date of the prospectus.
+ References
Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Form
-Number N-1A
-Chapter A
-Section 1
-Subsection a
-Paragraph 3
+ Details

Name: rr_ProspectusDate

Namespace Prefix: rr_

Data Type: xbrli:dateItemType

Balance Type: na

Period Type: duration

X

- References
No definition available.
+ Details

Name: rr_RiskReturnAbstract

Namespace Prefix: rr_

Data Type: xbrli:stringItemType

Balance Type: na

Period Type: duration

XML 14 Show.js IDEA: XBRL DOCUMENT /** * Rivet Software Inc. * * @copyright Copyright (c) 2006-2011 Rivet Software, Inc. All rights reserved. * Version 2.4.0.3 * */ var Show = {}; Show.LastAR = null, Show.hideAR = function(){ Show.LastAR.style.display = 'none'; }; Show.showAR = function ( link, id, win ){ if( Show.LastAR ){ Show.hideAR(); } var ref = link; do { ref = ref.nextSibling; } while (ref && ref.nodeName != 'TABLE'); if (!ref || ref.nodeName != 'TABLE') { var tmp = win ? win.document.getElementById(id) : document.getElementById(id); if( tmp ){ ref = tmp.cloneNode(true); ref.id = ''; link.parentNode.appendChild(ref); } } if( ref ){ ref.style.display = 'block'; Show.LastAR = ref; } }; Show.toggleNext = function( link ){ var ref = link; do{ ref = ref.nextSibling; }while( ref.nodeName != 'DIV' ); if( ref.style && ref.style.display && ref.style.display == 'none' ){ ref.style.display = 'block'; if( link.textContent ){ link.textContent = link.textContent.replace( '+', '-' ); }else{ link.innerText = link.innerText.replace( '+', '-' ); } }else{ ref.style.display = 'none'; if( link.textContent ){ link.textContent = link.textContent.replace( '-', '+' ); }else{ link.innerText = link.innerText.replace( '-', '+' ); } } }; XML 15 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 17 FilingSummary.xml IDEA: XBRL DOCUMENT 3.8.0.1 html 7 69 1 true 6 0 false 2 false false R1.htm 000000 - Document - Document and Entity Information {Elements} Sheet http://www.ishares.com/role/DocumentDocumentandEntityInformationElements Document and Entity Information 1 false true R2.htm 000011 - Document - Risk/Return Summary {Unlabeled} - iShares Edge U.S. Fixed Income Balanced Risk ETF Sheet http://www.ishares.com/role/DocumentRiskReturnSummaryUnlabelediSharesEdgeU.S.FixedIncomeBalancedRiskETF Risk/Return Summary- iShares Edge U.S. Fixed Income Balanced Risk ETF 2 false false R7.htm 000019 - Disclosure - Risk/Return Detail Data {Elements} - iShares Edge U.S. Fixed Income Balanced Risk ETF Sheet http://www.ishares.com/role/DisclosureRiskReturnDetailDataElementsiSharesEdgeU.S.FixedIncomeBalancedRiskETF Risk/Return Detail Data- iShares Edge U.S. Fixed Income Balanced Risk ETF 3 false false R8.htm 040000 - Disclosure - Risk/Return Detail Data {Elements} Sheet http://xbrl.sec.gov/rr/role/RiskReturnDetailData Risk/Return Detail Data 4 false false All Reports Book All Reports ist-20180205.xml ist-20180205.xsd ist-20180205_cal.xml ist-20180205_def.xml ist-20180205_lab.xml ist-20180205_pre.xml BarChart1.png http://xbrl.sec.gov/rr/2012-01-31 http://xbrl.sec.gov/dei/2014-01-31 true true ZIP 19 0001193125-18-047446-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001193125-18-047446-xbrl.zip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end