0001193125-21-213714.txt : 20210713 0001193125-21-213714.hdr.sgml : 20210713 20210713101124 ACCESSION NUMBER: 0001193125-21-213714 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20210713 DATE AS OF CHANGE: 20210713 EFFECTIVENESS DATE: 20210713 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: 211086981 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares U.S. ETF Trust CENTRAL INDEX KEY: 0001524513 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-179904 FILM NUMBER: 211086982 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: iShares, Inc. CENTRAL INDEX KEY: 0000930667 IRS NUMBER: 510396525 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-97598 FILM NUMBER: 211086983 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 INC DATE OF NAME CHANGE: 20070126 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES INC DATE OF NAME CHANGE: 20000516 FORMER COMPANY: FORMER CONFORMED NAME: WEBS INDEX FUND INC DATE OF NAME CHANGE: 19970211 0000930667 S000004246 iShares MSCI Australia ETF C000011950 iShares MSCI Australia ETF EWA 0000930667 S000004247 iShares MSCI Hong Kong ETF C000011951 iShares MSCI Hong Kong ETF EWH 0000930667 S000004248 iShares MSCI Italy ETF C000011952 iShares MSCI Italy ETF EWI 0000930667 S000004249 iShares MSCI Japan ETF C000011953 iShares MSCI Japan ETF EWJ 0000930667 S000004250 iShares MSCI Malaysia ETF C000011954 iShares MSCI Malaysia ETF EWM 0000930667 S000004251 iShares MSCI Mexico ETF C000011955 iShares MSCI Mexico ETF EWW 0000930667 S000004252 iShares MSCI Netherlands ETF C000011956 iShares MSCI Netherlands ETF EWN 0000930667 S000004253 iShares MSCI Pacific ex Japan ETF C000011957 iShares MSCI Pacific ex Japan ETF EPP 0000930667 S000004254 iShares MSCI Singapore ETF C000011958 iShares MSCI Singapore ETF EWS 0000930667 S000004255 iShares MSCI South Africa ETF C000011959 iShares MSCI South Africa ETF EZA 0000930667 S000004256 iShares MSCI Spain ETF C000011960 iShares MSCI Spain ETF EWP 0000930667 S000004257 iShares MSCI Austria ETF C000011961 iShares MSCI Austria ETF EWO 0000930667 S000004258 iShares MSCI South Korea ETF C000011962 iShares MSCI South Korea ETF EWY 0000930667 S000004259 iShares MSCI Sweden ETF C000011963 iShares MSCI Sweden ETF EWD 0000930667 S000004260 iShares MSCI Switzerland ETF C000011964 iShares MSCI Switzerland ETF EWL 0000930667 S000004261 iShares MSCI Taiwan ETF C000011965 iShares MSCI Taiwan ETF EWT 0000930667 S000004263 iShares MSCI Belgium ETF C000011967 iShares MSCI Belgium ETF EWK 0000930667 S000004264 iShares MSCI Brazil ETF C000011968 iShares MSCI Brazil ETF EWZ 0000930667 S000004265 iShares MSCI Canada ETF C000011969 iShares MSCI Canada ETF EWC 0000930667 S000004266 iShares MSCI Emerging Markets ETF C000011970 iShares MSCI Emerging Markets ETF EEM 0000930667 S000004267 iShares MSCI France ETF C000011971 iShares MSCI France ETF EWQ 0000930667 S000004268 iShares MSCI Eurozone ETF C000011972 iShares MSCI Eurozone ETF EZU 0000930667 S000004269 iShares MSCI Germany ETF C000011973 iShares MSCI Germany ETF EWG 0000930667 S000018069 iShares MSCI BRIC ETF C000050065 iShares MSCI BRIC ETF BKF 0000930667 S000018070 iShares MSCI Chile ETF C000050066 iShares MSCI Chile ETF ECH 0000930667 S000018072 iShares MSCI Thailand ETF C000050068 iShares MSCI Thailand ETF THD 0000930667 S000018073 iShares MSCI Turkey ETF C000050069 iShares MSCI Turkey ETF TUR 0000930667 S000019125 iShares MSCI Emerging Markets Small-Cap ETF C000052897 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0000930667 S000019126 iShares MSCI Japan Small-Cap ETF C000052898 iShares MSCI Japan Small-Cap ETF SCJ 0000930667 S000021462 iShares MSCI Israel ETF C000061365 iShares MSCI Israel ETF EIS 0000930667 S000028709 iShares MSCI USA Equal Weighted ETF C000087836 iShares MSCI USA Equal Weighted ETF EUSA 0000930667 S000032497 iShares MSCI Emerging Markets Min Vol Factor ETF C000100212 iShares MSCI Emerging Markets Min Vol Factor ETF EEMV 0000930667 S000032498 iShares MSCI Global Min Vol Factor ETF C000100213 iShares MSCI Global Min Vol Factor ETF ACWV 0000930667 S000033806 iShares J.P. Morgan EM Local Currency Bond ETF C000104446 iShares J.P. Morgan EM Local Currency Bond ETF LEMB 0000930667 S000034697 iShares MSCI Emerging Markets Asia ETF C000106873 iShares MSCI Emerging Markets Asia ETF EEMA 0000930667 S000035395 iShares MSCI World ETF C000108746 iShares MSCI World ETF URTH 0000930667 S000035880 iShares MSCI Global Silver and Metals Miners ETF C000109983 iShares MSCI Global Silver and Metals Miners ETF SLVP 0000930667 S000035882 iShares MSCI Global Gold Miners ETF C000109985 iShares MSCI Global Gold Miners ETF RING 0000930667 S000035883 iShares MSCI Global Agriculture Producers ETF C000109986 iShares MSCI Global Agriculture Producers ETF VEGI 0000930667 S000035884 iShares MSCI Global Energy Producers ETF C000109987 iShares MSCI Global Energy Producers ETF FILL 0000930667 S000035885 iShares MSCI Global Metals & Mining Producers ETF C000109988 iShares MSCI Global Metals & Mining Producers ETF PICK 0000930667 S000035998 iShares Asia/Pacific Dividend ETF C000110325 iShares Asia/Pacific Dividend ETF DVYA 0000930667 S000036004 iShares Emerging Markets Dividend ETF C000110341 iShares Emerging Markets Dividend ETF DVYE 0000930667 S000036005 iShares MSCI Frontier and Select EM ETF C000110342 iShares MSCI Frontier and Select EM ETF FM 0000930667 S000036776 iShares J.P. Morgan EM Corporate Bond ETF C000112502 iShares J.P. Morgan EM Corporate Bond ETF CEMB 0000930667 S000036777 iShares J.P. Morgan EM High Yield Bond ETF C000112503 iShares J.P. Morgan EM High Yield Bond ETF EMHY 0000930667 S000036906 iShares US & Intl High Yield Corp Bond ETF C000112949 iShares US & Intl High Yield Corp Bond ETF GHYG 0000930667 S000036907 iShares International High Yield Bond ETF C000112950 iShares International High Yield Bond ETF HYXU 0000930667 S000038923 iShares Core MSCI Emerging Markets ETF C000119708 iShares Core MSCI Emerging Markets ETF IEMG 0000930667 S000040976 iShares MSCI Colombia ETF C000127144 iShares MSCI Colombia ETF ICOL 0000930667 S000045639 iShares Currency Hedged MSCI Emerging Markets ETF C000141922 iShares Currency Hedged MSCI Emerging Markets ETF HEEM 0000930667 S000047227 iShares MSCI Russia ETF C000147985 iShares MSCI Russia ETF ERUS 0000930667 S000049021 iShares MSCI Emerging Markets Multifactor ETF C000154544 iShares MSCI Emerging Markets Multifactor ETF EMGF 0000930667 S000054183 iShares ESG Aware MSCI EM ETF C000170244 iShares ESG Aware MSCI EM ETF ESGE 0000930667 S000057835 iShares MSCI Emerging Markets ex China ETF C000186806 iShares MSCI Emerging Markets ex China ETF EMXC 0001100663 S000004305 iShares Global Tech ETF C000012035 iShares Global Tech ETF IXN 0001100663 S000004306 iShares S&P 100 ETF C000012036 iShares S&P 100 ETF OEF 0001100663 S000004307 iShares Core S&P Mid-Cap ETF C000012037 iShares Core S&P Mid-Cap ETF IJH 0001100663 S000004308 iShares S&P Mid-Cap 400 Growth ETF C000012038 iShares S&P Mid-Cap 400 Growth ETF IJK 0001100663 S000004309 iShares S&P Mid-Cap 400 Value ETF C000012039 iShares S&P Mid-Cap 400 Value ETF IJJ 0001100663 S000004310 iShares Core S&P 500 ETF C000012040 iShares Core S&P 500 ETF IVV 0001100663 S000004311 iShares S&P 500 Growth ETF C000012041 iShares S&P 500 Growth ETF IVW 0001100663 S000004312 iShares S&P 500 Value ETF C000012042 iShares S&P 500 Value ETF IVE 0001100663 S000004313 iShares Core S&P Small-Cap ETF C000012043 iShares Core S&P Small-Cap ETF IJR 0001100663 S000004314 iShares S&P Small-Cap 600 Growth ETF C000012044 iShares S&P Small-Cap 600 Growth ETF IJT 0001100663 S000004315 iShares Europe ETF C000012045 iShares Europe ETF IEV 0001100663 S000004316 iShares S&P Small-Cap 600 Value ETF C000012046 iShares S&P Small-Cap 600 Value ETF IJS 0001100663 S000004317 iShares Core S&P Total U.S. Stock Market ETF C000012047 iShares Core S&P Total U.S. Stock Market ETF ITOT 0001100663 S000004318 iShares U.S. Basic Materials ETF C000012048 iShares U.S. Basic Materials ETF IYM 0001100663 S000004320 iShares U.S. Consumer Services ETF C000012050 iShares U.S. Consumer Services ETF IYC 0001100663 S000004321 iShares U.S. Energy ETF C000012051 iShares U.S. Energy ETF IYE 0001100663 S000004322 iShares U.S. Financial Services ETF C000012052 iShares U.S. Financial Services ETF IYG 0001100663 S000004323 iShares U.S. Financials ETF C000012053 iShares U.S. Financials ETF IYF 0001100663 S000004324 iShares U.S. Healthcare ETF C000012054 iShares U.S. Healthcare ETF IYH 0001100663 S000004325 iShares U.S. Industrials ETF C000012055 iShares U.S. Industrials ETF IYJ 0001100663 S000004326 iShares Global 100 ETF C000012056 iShares Global 100 ETF IOO 0001100663 S000004328 iShares U.S. Real Estate ETF C000012058 iShares U.S. Real Estate ETF IYR 0001100663 S000004329 iShares U.S. Technology ETF C000012059 iShares U.S. Technology ETF IYW 0001100663 S000004330 iShares Dow Jones U.S. ETF C000012060 iShares Dow Jones U.S. ETF IYY 0001100663 S000004331 iShares Transportation Average ETF C000012061 iShares Transportation Average ETF IYT 0001100663 S000004332 iShares U.S. Utilities ETF C000012062 iShares U.S. Utilities ETF IDU 0001100663 S000004333 iShares U.S. Telecommunications ETF C000012063 iShares U.S. Telecommunications ETF IYZ 0001100663 S000004334 iShares Select Dividend ETF C000012064 iShares Select Dividend ETF DVY 0001100663 S000004335 iShares Russell Mid-Cap Value ETF C000012065 iShares Russell Mid-Cap Value ETF IWS 0001100663 S000004336 iShares Russell Mid-Cap Growth ETF C000012066 iShares Russell Mid-Cap Growth ETF IWP 0001100663 S000004337 iShares JPX-Nikkei 400 ETF C000012067 iShares JPX-Nikkei 400 ETF JPXN 0001100663 S000004338 iShares Russell Mid-Cap ETF C000012068 iShares Russell Mid-Cap ETF IWR 0001100663 S000004339 iShares Core S&P U.S. Value ETF C000012069 iShares Core S&P U.S. Value ETF IUSV 0001100663 S000004340 iShares Core S&P U.S. Growth ETF C000012070 iShares Core S&P U.S. Growth ETF IUSG 0001100663 S000004341 iShares Russell 3000 ETF C000012071 iShares Russell 3000 ETF IWV 0001100663 S000004342 iShares Russell 2000 Value ETF C000012072 iShares Russell 2000 Value ETF IWN 0001100663 S000004343 iShares Russell 2000 Growth ETF C000012073 iShares Russell 2000 Growth ETF IWO 0001100663 S000004344 iShares Russell 2000 ETF C000012074 iShares Russell 2000 ETF IWM 0001100663 S000004345 iShares Russell 1000 Value ETF C000012075 iShares Russell 1000 Value ETF IWD 0001100663 S000004346 iShares Russell 1000 Growth ETF C000012076 iShares Russell 1000 Growth ETF IWF 0001100663 S000004347 iShares Russell 1000 ETF C000012077 iShares Russell 1000 ETF IWB 0001100663 S000004348 iShares Latin America 40 ETF C000012078 iShares Latin America 40 ETF ILF 0001100663 S000004349 iShares Cohen & Steers REIT ETF C000012079 iShares Cohen & Steers REIT ETF ICF 0001100663 S000004350 iShares Biotechnology ETF C000012080 iShares Biotechnology ETF IBB 0001100663 S000004351 iShares MSCI EAFE ETF C000012081 iShares MSCI EAFE ETF EFA 0001100663 S000004352 iShares Expanded Tech Sector ETF C000012082 iShares Expanded Tech Sector ETF IGM 0001100663 S000004353 iShares North American Tech-Multimedia Networking ETF C000012083 iShares North American Tech-Multimedia Networking ETF IGN 0001100663 S000004354 iShares Semiconductor ETF C000012084 iShares Semiconductor ETF SOXX 0001100663 S000004355 iShares Expanded Tech-Software Sector ETF C000012085 iShares Expanded Tech-Software Sector ETF IGV 0001100663 S000004356 iShares North American Natural Resources ETF C000012086 iShares North American Natural Resources ETF IGE 0001100663 S000004357 iShares 1-3 Year Treasury Bond ETF C000012087 iShares 1-3 Year Treasury Bond ETF SHY 0001100663 S000004358 iShares 7-10 Year Treasury Bond ETF C000012088 iShares 7-10 Year Treasury Bond ETF IEF 0001100663 S000004359 iShares Global Energy ETF C000012089 iShares Global Energy ETF IXC 0001100663 S000004360 iShares 20+ Year Treasury Bond ETF C000012090 iShares 20+ Year Treasury Bond ETF TLT 0001100663 S000004361 iShares iBoxx $ Investment Grade Corporate Bond ETF C000012091 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 0001100663 S000004362 iShares Core U.S. Aggregate Bond ETF C000012092 iShares Core U.S. Aggregate Bond ETF AGG 0001100663 S000004363 iShares TIPS Bond ETF C000012093 iShares TIPS Bond ETF TIP 0001100663 S000004364 iShares China Large-Cap ETF C000012094 iShares China Large-Cap ETF FXI 0001100663 S000004367 iShares Morningstar U.S. Equity ETF C000012097 iShares Morningstar U.S. Equity ETF ILCB 0001100663 S000004368 iShares Morningstar Growth ETF C000012098 iShares Morningstar Growth ETF ILCG 0001100663 S000004369 iShares Morningstar Value ETF C000012099 iShares Morningstar Value ETF ILCV 0001100663 S000004370 iShares Global Financials ETF C000012100 iShares Global Financials ETF IXG 0001100663 S000004371 iShares Morningstar Mid-Cap ETF C000012101 iShares Morningstar Mid-Cap ETF IMCB 0001100663 S000004372 iShares Global Healthcare ETF C000012102 iShares Global Healthcare ETF IXJ 0001100663 S000004373 iShares Global Comm Services ETF C000012103 iShares Global Comm Services ETF IXP 0001100663 S000004430 iShares Morningstar Mid-Cap Growth ETF C000012193 iShares Morningstar Mid-Cap Growth ETF IMCG 0001100663 S000004431 iShares U.S. Consumer Goods ETF C000012194 iShares U.S. Consumer Goods ETF IYK 0001100663 S000004432 iShares Morningstar Mid-Cap Value ETF C000012195 iShares Morningstar Mid-Cap Value ETF IMCV 0001100663 S000004433 iShares Morningstar Small-Cap ETF C000012196 iShares Morningstar Small-Cap ETF ISCB 0001100663 S000004434 iShares Morningstar Small-Cap Growth ETF C000012197 iShares Morningstar Small-Cap Growth ETF ISCG 0001100663 S000004435 iShares Morningstar Small-Cap Value ETF C000012198 iShares Morningstar Small-Cap Value ETF ISCV 0001100663 S000004436 iShares MSCI USA ESG Select ETF C000012199 iShares MSCI USA ESG Select ETF SUSA 0001100663 S000004437 iShares MSCI EAFE Growth ETF C000012200 iShares MSCI EAFE Growth ETF EFG 0001100663 S000004438 iShares MSCI EAFE Value ETF C000012201 iShares MSCI EAFE Value ETF EFV 0001100663 S000004439 iShares Micro-Cap ETF C000012202 iShares Micro-Cap ETF IWC 0001100663 S000008880 iShares Global Consumer Discretionary ETF C000024194 iShares Global Consumer Discretionary ETF RXI 0001100663 S000008881 iShares Global Consumer Staples ETF C000024195 iShares Global Consumer Staples ETF KXI 0001100663 S000008882 iShares Global Industrials ETF C000024196 iShares Global Industrials ETF EXI 0001100663 S000008883 iShares Global Utilities ETF C000024197 iShares Global Utilities ETF JXI 0001100663 S000008884 iShares Global Materials ETF C000024198 iShares Global Materials ETF MXI 0001100663 S000009414 iShares U.S. Oil & Gas Exploration & Production ETF C000025768 iShares U.S. Oil & Gas Exploration & Production ETF IEO 0001100663 S000009415 iShares U.S. Home Construction ETF C000025769 iShares U.S. Home Construction ETF ITB 0001100663 S000009416 iShares U.S. Oil Equipment & Services ETF C000025770 iShares U.S. Oil Equipment & Services ETF IEZ 0001100663 S000009417 iShares U.S. Pharmaceuticals ETF C000025771 iShares U.S. Pharmaceuticals ETF IHE 0001100663 S000009418 iShares U.S. Healthcare Providers ETF C000025772 iShares U.S. Healthcare Providers ETF IHF 0001100663 S000009419 iShares U.S. Medical Devices ETF C000025773 iShares U.S. Medical Devices ETF IHI 0001100663 S000009420 iShares U.S. Broker-Dealers & Securities Exchanges ETF C000025774 iShares U.S. Broker-Dealers & Securities Exchanges ETF IAI 0001100663 S000009421 iShares U.S. Insurance ETF C000025775 iShares U.S. Insurance ETF IAK 0001100663 S000009422 iShares U.S. Regional Banks ETF C000025776 iShares U.S. Regional Banks ETF IAT 0001100663 S000009423 iShares U.S. Aerospace & Defense ETF C000025777 iShares U.S. Aerospace & Defense ETF ITA 0001100663 S000013499 iShares Preferred and Income Securities ETF C000036528 iShares Preferred and Income Securities ETF PFF 0001100663 S000013694 iShares Short Treasury Bond ETF C000037536 iShares Short Treasury Bond ETF SHV 0001100663 S000013695 iShares 3-7 Year Treasury Bond ETF C000037537 iShares 3-7 Year Treasury Bond ETF IEI 0001100663 S000013696 iShares 10-20 Year Treasury Bond ETF C000037538 iShares 10-20 Year Treasury Bond ETF TLH 0001100663 S000013697 iShares 1-5 Year Investment Grade Corporate Bond ETF C000037539 iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB 0001100663 S000013698 iShares 5-10 Year Investment Grade Corporate Bond ETF C000037540 iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB 0001100663 S000013699 iShares Broad USD Investment Grade Corporate Bond ETF C000037541 iShares Broad USD Investment Grade Corporate Bond ETF USIG 0001100663 S000013700 iShares Intermediate Government/Credit Bond ETF C000037542 iShares Intermediate Government/Credit Bond ETF GVI 0001100663 S000013701 iShares Government/Credit Bond ETF C000037543 iShares Government/Credit Bond ETF GBF 0001100663 S000013702 iShares MBS ETF C000037544 iShares MBS ETF MBB 0001100663 S000013931 iShares MSCI KLD 400 Social ETF C000038163 iShares MSCI KLD 400 Social ETF DSI 0001100663 S000015623 iShares Residential and Multisector Real Estate ETF C000042584 iShares Residential and Multisector Real Estate ETF REZ 0001100663 S000015626 iShares Mortgage Real Estate ETF C000042587 iShares Mortgage Real Estate ETF REM 0001100663 S000015627 iShares Core U.S. REIT ETF C000042588 iShares Core U.S. REIT ETF USRT 0001100663 S000016772 iShares iBoxx $ High Yield Corporate Bond ETF C000046846 iShares iBoxx $ High Yield Corporate Bond ETF HYG 0001100663 S000017777 iShares International Select Dividend ETF C000049094 iShares International Select Dividend ETF IDV 0001100663 S000017778 iShares Asia 50 ETF C000049095 iShares Asia 50 ETF AIA 0001100663 S000017779 iShares International Developed Property ETF C000049096 iShares International Developed Property ETF WPS 0001100663 S000018145 iShares MSCI Europe Small-Cap ETF C000050168 iShares MSCI Europe Small-Cap ETF IEUS 0001100663 S000018146 iShares International Developed Real Estate ETF C000050169 iShares International Developed Real Estate ETF IFGL 0001100663 S000018861 iShares National Muni Bond ETF C000052220 iShares National Muni Bond ETF MUB 0001100663 S000019124 iShares MSCI EAFE Small-Cap ETF C000052896 iShares MSCI EAFE Small-Cap ETF SCZ 0001100663 S000019341 iShares California Muni Bond ETF C000053739 iShares California Muni Bond ETF CMF 0001100663 S000019342 iShares New York Muni Bond ETF C000053740 iShares New York Muni Bond ETF NYF 0001100663 S000019356 iShares Global Infrastructure ETF C000053784 iShares Global Infrastructure ETF IGF 0001100663 S000019798 iShares J.P. Morgan USD Emerging Markets Bond ETF C000055529 iShares J.P. Morgan USD Emerging Markets Bond ETF EMB 0001100663 S000019898 iShares MSCI Kokusai ETF C000055846 iShares MSCI Kokusai ETF TOK 0001100663 S000021460 iShares MSCI ACWI ex U.S. ETF C000061363 iShares MSCI ACWI ex U.S. ETF ACWX 0001100663 S000021461 iShares MSCI ACWI ETF C000061364 iShares MSCI ACWI ETF ACWI 0001100663 S000022341 iShares India 50 ETF C000064225 iShares India 50 ETF INDY 0001100663 S000022496 iShares MSCI All Country Asia ex Japan ETF C000065072 iShares MSCI All Country Asia ex Japan ETF AAXJ 0001100663 S000022497 iShares Emerging Markets Infrastructure ETF C000065073 iShares Emerging Markets Infrastructure ETF EMIF 0001100663 S000022498 iShares Global Clean Energy ETF C000065074 iShares Global Clean Energy ETF ICLN 0001100663 S000022500 iShares Global Timber & Forestry ETF C000065076 iShares Global Timber & Forestry ETF WOOD 0001100663 S000023506 iShares Agency Bond ETF C000069125 iShares Agency Bond ETF AGZ 0001100663 S000023507 iShares Short-Term National Muni Bond ETF C000069126 iShares Short-Term National Muni Bond ETF SUB 0001100663 S000023585 iShares Core Conservative Allocation ETF C000069397 iShares Core Conservative Allocation ETF AOK 0001100663 S000023586 iShares Core Moderate Allocation ETF C000069398 iShares Core Moderate Allocation ETF AOM 0001100663 S000023587 iShares Core Growth Allocation ETF C000069399 iShares Core Growth Allocation ETF AOR 0001100663 S000023588 iShares Core Aggressive Allocation ETF C000069400 iShares Core Aggressive Allocation ETF AOA 0001100663 S000023614 iShares International Treasury Bond ETF C000069477 iShares International Treasury Bond ETF IGOV 0001100663 S000023615 iShares 1-3 Year International Treasury Bond ETF C000069478 iShares 1-3 Year International Treasury Bond ETF ISHG 0001100663 S000024426 iShares MSCI Peru ETF C000072477 iShares MSCI Peru ETF EPU 0001100663 S000026552 iShares Russell Top 200 Growth ETF C000079751 iShares Russell Top 200 Growth ETF IWY 0001100663 S000026553 iShares Russell Top 200 ETF C000079752 iShares Russell Top 200 ETF IWL 0001100663 S000026554 iShares Russell Top 200 Value ETF C000079753 iShares Russell Top 200 Value ETF IWX 0001100663 S000026651 iShares 10+ Year Investment Grade Corporate Bond ETF C000080009 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 0001100663 S000026652 iShares Core 10+ Year USD Bond ETF C000080010 iShares Core 10+ Year USD Bond ETF ILTB 0001100663 S000027327 iShares MSCI Europe Financials ETF C000082529 iShares MSCI Europe Financials ETF EUFN 0001100663 S000028552 iShares MSCI China Small-Cap ETF C000087422 iShares MSCI China Small-Cap ETF ECNS 0001100663 S000028553 iShares MSCI Indonesia ETF C000087423 iShares MSCI Indonesia ETF EIDO 0001100663 S000028554 iShares MSCI New Zealand ETF C000087424 iShares MSCI New Zealand ETF ENZL 0001100663 S000028556 iShares MSCI Poland ETF C000087428 iShares MSCI Poland ETF EPOL 0001100663 S000028677 iShares MSCI Brazil Small-Cap ETF C000087775 iShares MSCI Brazil Small-Cap ETF EWZS 0001100663 S000028681 iShares MSCI Ireland ETF C000087779 iShares MSCI Ireland ETF EIRL 0001100663 S000028735 iShares MSCI Philippines ETF C000087875 iShares MSCI Philippines ETF EPHE 0001100663 S000030481 iShares 0-5 Year TIPS Bond ETF C000093655 iShares 0-5 Year TIPS Bond ETF STIP 0001100663 S000031717 iShares MSCI China ETF C000098688 iShares MSCI China ETF MCHI 0001100663 S000031837 iShares MSCI EAFE Min Vol Factor ETF C000099140 iShares MSCI EAFE Min Vol Factor ETF EFAV 0001100663 S000031838 iShares MSCI USA Min Vol Factor ETF C000099141 iShares MSCI USA Min Vol Factor ETF USMV 0001100663 S000031844 iShares Core High Dividend ETF C000099165 iShares Core High Dividend ETF HDV 0001100663 S000031906 iShares International Preferred Stock ETF C000099357 iShares International Preferred Stock ETF IPFF 0001100663 S000033136 iShares Floating Rate Bond ETF C000102031 iShares Floating Rate Bond ETF FLOT 0001100663 S000034700 iShares MSCI India Small-Cap ETF C000106876 iShares MSCI India Small-Cap ETF SMIN 0001100663 S000034702 iShares MSCI India ETF C000106878 iShares MSCI India ETF INDA 0001100663 S000035383 iShares MSCI Denmark ETF C000108733 iShares MSCI Denmark ETF EDEN 0001100663 S000035386 iShares MSCI Finland ETF C000108737 iShares MSCI Finland ETF EFNL 0001100663 S000035387 iShares MSCI Germany Small-Cap ETF C000108738 iShares MSCI Germany Small-Cap ETF EWGS 0001100663 S000035389 iShares MSCI Norway ETF C000108740 iShares MSCI Norway ETF ENOR 0001100663 S000035393 iShares MSCI United Kingdom Small-Cap ETF C000108744 iShares MSCI United Kingdom Small-Cap ETF EWUS 0001100663 S000035914 iShares CMBS ETF C000110079 iShares CMBS ETF CMBS 0001100663 S000035915 iShares GNMA Bond ETF C000110080 iShares GNMA Bond ETF GNMA 0001100663 S000035916 iShares Aaa - A Rated Corporate Bond ETF C000110081 iShares Aaa - A Rated Corporate Bond ETF QLTA 0001100663 S000035919 iShares U.S. Treasury Bond ETF C000110086 iShares U.S. Treasury Bond ETF GOVT 0001100663 S000036830 iShares Morningstar Multi-Asset Income ETF C000112640 iShares Morningstar Multi-Asset Income ETF IYLD 0001100663 S000038926 iShares Core 1-5 Year USD Bond ETF C000119711 iShares Core 1-5 Year USD Bond ETF ISTB 0001100663 S000038930 iShares Core MSCI EAFE ETF C000119715 iShares Core MSCI EAFE ETF IEFA 0001100663 S000038931 iShares Core MSCI Total International Stock ETF C000119716 iShares Core MSCI Total International Stock ETF IXUS 0001100663 S000039663 iShares iBonds Mar 2023 Term Corporate ex-Financials ETF C000122833 iShares iBonds Mar 2023 Term Corporate ex-Financials ETF IBCE 0001100663 S000040204 iShares MSCI USA Size Factor ETF C000124960 iShares MSCI USA Size Factor ETF SIZE 0001100663 S000040205 iShares MSCI USA Value Factor ETF C000124961 iShares MSCI USA Value Factor ETF VLUE 0001100663 S000040316 iShares MSCI USA Momentum Factor ETF C000125223 iShares MSCI USA Momentum Factor ETF MTUM 0001100663 S000040347 iShares iBonds Mar 2023 Term Corporate ETF C000125276 iShares iBonds Mar 2023 Term Corporate ETF IBDD 0001100663 S000041444 iShares MSCI USA Quality Factor ETF C000128677 iShares MSCI USA Quality Factor ETF QUAL 0001100663 S000042353 iShares 0-5 Year High Yield Corporate Bond ETF C000131291 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0001100663 S000042354 iShares 0-5 Year Investment Grade Corporate Bond ETF C000131292 iShares 0-5 Year Investment Grade Corporate Bond ETF SLQD 0001100663 S000043040 iShares Currency Hedged MSCI EAFE ETF C000133231 iShares Currency Hedged MSCI EAFE ETF HEFA 0001100663 S000043042 iShares Currency Hedged MSCI Germany ETF C000133233 iShares Currency Hedged MSCI Germany ETF HEWG 0001100663 S000043043 iShares Currency Hedged MSCI Japan ETF C000133234 iShares Currency Hedged MSCI Japan ETF HEWJ 0001100663 S000044143 iShares Treasury Floating Rate Bond ETF C000137225 iShares Treasury Floating Rate Bond ETF TFLO 0001100663 S000044409 iShares Yield Optimized Bond ETF C000138243 iShares Yield Optimized Bond ETF BYLD 0001100663 S000045074 iShares MSCI Qatar ETF C000140043 iShares MSCI Qatar ETF QAT 0001100663 S000045075 iShares MSCI UAE ETF C000140044 iShares MSCI UAE ETF UAE 0001100663 S000045102 iShares Core MSCI Europe ETF C000140337 iShares Core MSCI Europe ETF IEUR 0001100663 S000045103 iShares Core MSCI Pacific ETF C000140338 iShares Core MSCI Pacific ETF IPAC 0001100663 S000045644 iShares Core Total USD Bond Market ETF C000141927 iShares Core Total USD Bond Market ETF IUSB 0001100663 S000045646 iShares Currency Hedged MSCI Eurozone ETF C000141929 iShares Currency Hedged MSCI Eurozone ETF HEZU 0001100663 S000045648 iShares Core Dividend Growth ETF C000141931 iShares Core Dividend Growth ETF DGRO 0001100663 S000045649 iShares Global REIT ETF C000141932 iShares Global REIT ETF REET 0001100663 S000046586 iShares MSCI United Kingdom ETF C000145378 iShares MSCI United Kingdom ETF EWU 0001100663 S000047435 iShares MSCI China A ETF C000148919 iShares MSCI China A ETF CNYA 0001100663 S000047503 iShares MSCI Intl Momentum Factor ETF C000149147 iShares MSCI Intl Momentum Factor ETF IMTM 0001100663 S000047504 iShares MSCI Intl Quality Factor ETF C000149148 iShares MSCI Intl Quality Factor ETF IQLT 0001100663 S000047644 iShares MSCI ACWI Low Carbon Target ETF C000149539 iShares MSCI ACWI Low Carbon Target ETF CRBN 0001100663 S000047939 iShares MSCI Saudi Arabia ETF C000150700 iShares MSCI Saudi Arabia ETF KSA 0001100663 S000048147 iShares iBonds Dec 2021 Term Muni Bond ETF C000152174 iShares iBonds Dec 2021 Term Muni Bond ETF IBMJ 0001100663 S000048149 iShares iBonds Dec 2021 Term Corporate ETF C000152176 iShares iBonds Dec 2021 Term Corporate ETF IBDM 0001100663 S000048150 iShares iBonds Dec 2022 Term Corporate ETF C000152177 iShares iBonds Dec 2022 Term Corporate ETF IBDN 0001100663 S000048151 iShares iBonds Dec 2023 Term Corporate ETF C000152178 iShares iBonds Dec 2023 Term Corporate ETF IBDO 0001100663 S000048152 iShares iBonds Dec 2024 Term Corporate ETF C000152179 iShares iBonds Dec 2024 Term Corporate ETF IBDP 0001100663 S000048153 iShares iBonds Dec 2025 Term Corporate ETF C000152180 iShares iBonds Dec 2025 Term Corporate ETF IBDQ 0001100663 S000048311 iShares Exponential Technologies ETF C000152570 iShares Exponential Technologies ETF XT 0001100663 S000048622 iShares MSCI Global Multifactor ETF C000153270 iShares MSCI Global Multifactor ETF ACWF 0001100663 S000048623 iShares MSCI USA Multifactor ETF C000153271 iShares MSCI USA Multifactor ETF LRGF 0001100663 S000048624 iShares MSCI USA Small-Cap Multifactor ETF C000153272 iShares MSCI USA Small-Cap Multifactor ETF SMLF 0001100663 S000048637 iShares Convertible Bond ETF C000153287 iShares Convertible Bond ETF ICVT 0001100663 S000049023 iShares iBonds Dec 2022 Term Muni Bond ETF C000154546 iShares iBonds Dec 2022 Term Muni Bond ETF IBMK 0001100663 S000049024 iShares MSCI Intl Multifactor ETF C000154547 iShares MSCI Intl Multifactor ETF INTF 0001100663 S000049025 iShares MSCI Intl Small-Cap Multifactor ETF C000154548 iShares MSCI Intl Small-Cap Multifactor ETF ISCF 0001100663 S000049572 iShares MSCI Intl Size Factor ETF C000156613 iShares MSCI Intl Size Factor ETF ISZE 0001100663 S000049573 iShares MSCI Intl Value Factor ETF C000156614 iShares MSCI Intl Value Factor ETF IVLU 0001100663 S000049792 iShares Currency Hedged MSCI ACWI ex U.S. ETF C000157303 iShares Currency Hedged MSCI ACWI ex U.S. ETF HAWX 0001100663 S000049794 iShares Currency Hedged MSCI Canada ETF C000157305 iShares Currency Hedged MSCI Canada ETF HEWC 0001100663 S000049795 iShares Currency Hedged MSCI EAFE Small-Cap ETF C000157306 iShares Currency Hedged MSCI EAFE Small-Cap ETF HSCZ 0001100663 S000049797 iShares Currency Hedged MSCI Mexico ETF C000157308 iShares Currency Hedged MSCI Mexico ETF HEWW 0001100663 S000049801 iShares Currency Hedged MSCI United Kingdom ETF C000157312 iShares Currency Hedged MSCI United Kingdom ETF HEWU 0001100663 S000050721 iShares Currency Hedged JPX-Nikkei 400 ETF C000160171 iShares Currency Hedged JPX-Nikkei 400 ETF HJPX 0001100663 S000051261 iShares Core International Aggregate Bond ETF C000161648 iShares Core International Aggregate Bond ETF IAGG 0001100663 S000052533 iShares Adaptive Currency Hedged MSCI EAFE ETF C000164987 iShares Adaptive Currency Hedged MSCI EAFE ETF DEFA 0001100663 S000053600 iShares International Dividend Growth ETF C000168437 iShares International Dividend Growth ETF IGRO 0001100663 S000053601 iShares MSCI Global Impact ETF C000168438 iShares MSCI Global Impact ETF SDG 0001100663 S000054184 iShares ESG Advanced High Yield Corporate Bond ETF C000170245 iShares ESG Advanced High Yield Corporate Bond ETF HYXF 0001100663 S000054185 iShares ESG Aware MSCI EAFE ETF C000170246 iShares ESG Aware MSCI EAFE ETF ESGD 0001100663 S000054186 iShares Fallen Angels USD Bond ETF C000170247 iShares Fallen Angels USD Bond ETF FALN 0001100663 S000054723 iShares MSCI USA Small-Cap Min Vol Factor ETF C000171896 iShares MSCI USA Small-Cap Min Vol Factor ETF SMMV 0001100663 S000054724 iShares iBonds Dec 2023 Term Muni Bond ETF C000171897 iShares iBonds Dec 2023 Term Muni Bond ETF IBML 0001100663 S000054725 iShares iBonds Dec 2024 Term Muni Bond ETF C000171898 iShares iBonds Dec 2024 Term Muni Bond ETF IBMM 0001100663 S000055059 iShares iBonds Dec 2026 Term Corporate ETF C000173141 iShares iBonds Dec 2026 Term Corporate ETF IBDR 0001100663 S000055381 iShares ESG Aware MSCI USA ETF C000174221 iShares ESG Aware MSCI USA ETF ESGU 0001100663 S000055401 iShares Core 5-10 Year USD Bond ETF C000174365 iShares Core 5-10 Year USD Bond ETF IMTB 0001100663 S000056604 iShares Core MSCI International Developed Markets ETF C000179059 iShares Core MSCI International Developed Markets ETF IDEV 0001100663 S000057253 iShares MSCI Argentina and Global Exposure ETF C000182619 iShares MSCI Argentina and Global Exposure ETF AGT 0001100663 S000057341 iShares High Yield Bond Factor ETF C000182992 iShares High Yield Bond Factor ETF HYDB 0001100663 S000057342 iShares Investment Grade Bond Factor ETF C000182993 iShares Investment Grade Bond Factor ETF IGEB 0001100663 S000057567 iShares Russell 2500 ETF C000183467 iShares Russell 2500 ETF SMMD 0001100663 S000058036 iShares ESG Aware 1-5 Year USD Corporate Bond ETF C000189864 iShares ESG Aware 1-5 Year USD Corporate Bond ETF SUSB 0001100663 S000058037 iShares ESG Aware USD Corporate Bond ETF C000189865 iShares ESG Aware USD Corporate Bond ETF SUSC 0001100663 S000058301 iShares iBonds Dec 2027 Term Corporate ETF C000191091 iShares iBonds Dec 2027 Term Corporate ETF IBDS 0001100663 S000058302 iShares Russell 1000 Pure U.S. Revenue ETF C000191092 iShares Russell 1000 Pure U.S. Revenue ETF AMCA 0001100663 S000059297 iShares Broad USD High Yield Corporate Bond ETF C000194633 iShares Broad USD High Yield Corporate Bond ETF USHY 0001100663 S000059298 iShares U.S. Dividend and Buyback ETF C000194634 iShares U.S. Dividend and Buyback ETF DIVB 0001100663 S000060088 iShares U.S. Fixed Income Balanced Risk Factor ETF C000196720 iShares U.S. Fixed Income Balanced Risk Factor ETF FIBR 0001100663 S000061314 iShares U.S. Infrastructure ETF C000198491 iShares U.S. Infrastructure ETF IFRA 0001100663 S000061604 iShares ESG Aware MSCI USA Small-Cap ETF C000199548 iShares ESG Aware MSCI USA Small-Cap ETF ESML 0001100663 S000062159 iShares ESG Aware U.S. Aggregate Bond ETF C000201167 iShares ESG Aware U.S. Aggregate Bond ETF EAGG 0001100663 S000062201 iShares Robotics and Artificial Intelligence Multisector ETF C000201209 iShares Robotics and Artificial Intelligence Multisector ETF IRBO 0001100663 S000063041 iShares iBonds Dec 2028 Term Corporate ETF C000204503 iShares iBonds Dec 2028 Term Corporate ETF IBDT 0001100663 S000063114 iShares iBonds Dec 2025 Term Muni Bond ETF C000204675 iShares iBonds Dec 2025 Term Muni Bond ETF IBMN 0001100663 S000063115 iShares iBonds Dec 2026 Term Muni Bond ETF C000204676 iShares iBonds Dec 2026 Term Muni Bond ETF IBMO 0001100663 S000063139 iShares BB Rated Corporate Bond ETF C000204721 iShares BB Rated Corporate Bond ETF HYBB 0001100663 S000063466 iShares Global Green Bond ETF C000205645 iShares Global Green Bond ETF BGRN 0001100663 S000063520 iShares Self-Driving EV and Tech ETF C000205801 iShares Self-Driving EV and Tech ETF IDRV 0001100663 S000064771 iShares MSCI Japan Equal Weighted ETF C000209759 iShares MSCI Japan Equal Weighted ETF EWJE 0001100663 S000064903 iShares MSCI Japan Value ETF C000210083 iShares MSCI Japan Value ETF EWJV 0001100663 S000064965 iShares Focused Value Factor ETF C000210345 iShares Focused Value Factor ETF FOVL 0001100663 S000065014 iShares Cloud 5G and Tech ETF C000210492 iShares Cloud 5G and Tech ETF IDAT 0001100663 S000065015 iShares Cybersecurity and Tech ETF C000210493 iShares Cybersecurity and Tech ETF IHAK 0001100663 S000065128 iShares iBonds Dec 2027 Term Muni Bond ETF C000210857 iShares iBonds Dec 2027 Term Muni Bond ETF IBMP 0001100663 S000065129 iShares iBonds Dec 2028 Term Muni Bond ETF C000210858 iShares iBonds Dec 2028 Term Muni Bond ETF IBMQ 0001100663 S000065337 iShares iBonds 2021 Term High Yield and Income ETF C000211396 iShares iBonds 2021 Term High Yield and Income ETF IBHA 0001100663 S000065339 iShares iBonds 2022 Term High Yield and Income ETF C000211398 iShares iBonds 2022 Term High Yield and Income ETF IBHB 0001100663 S000065341 iShares iBonds 2023 Term High Yield and Income ETF C000211400 iShares iBonds 2023 Term High Yield and Income ETF IBHC 0001100663 S000065343 iShares iBonds 2024 Term High Yield and Income ETF C000211402 iShares iBonds 2024 Term High Yield and Income ETF IBHD 0001100663 S000065345 iShares iBonds 2025 Term High Yield and Income ETF C000211404 iShares iBonds 2025 Term High Yield and Income ETF IBHE 0001100663 S000065416 iShares MSCI USA Mid-Cap Multifactor ETF C000211556 iShares MSCI USA Mid-Cap Multifactor ETF MIDF 0001100663 S000065418 iShares ESG MSCI USA Leaders ETF C000211558 iShares ESG MSCI USA Leaders ETF SUSL 0001100663 S000065599 iShares Genomics Immunology and Healthcare ETF C000212225 iShares Genomics Immunology and Healthcare ETF IDNA 0001100663 S000066401 iShares iBonds Dec 2029 Term Corporate ETF C000214263 iShares iBonds Dec 2029 Term Corporate ETF IBDU 0001100663 S000066849 iShares Factors US Growth Style ETF C000215209 iShares Factors US Growth Style ETF STLG 0001100663 S000066851 iShares Factors US Value Style ETF C000215211 iShares Factors US Value Style ETF STLV 0001100663 S000067234 iShares U.S. Tech Breakthrough Multisector ETF C000216288 iShares U.S. Tech Breakthrough Multisector ETF TECB 0001100663 S000067556 iShares iBonds Dec 2021 Term Treasury ETF C000217181 iShares iBonds Dec 2021 Term Treasury ETF IBTA 0001100663 S000067557 iShares iBonds Dec 2022 Term Treasury ETF C000217182 iShares iBonds Dec 2022 Term Treasury ETF IBTB 0001100663 S000067558 iShares iBonds Dec 2023 Term Treasury ETF C000217184 iShares iBonds Dec 2023 Term Treasury ETF IBTD 0001100663 S000067559 iShares iBonds Dec 2024 Term Treasury ETF C000217185 iShares iBonds Dec 2024 Term Treasury ETF IBTE 0001100663 S000067560 iShares iBonds Dec 2025 Term Treasury ETF C000217186 iShares iBonds Dec 2025 Term Treasury ETF IBTF 0001100663 S000067561 iShares iBonds Dec 2026 Term Treasury ETF C000217187 iShares iBonds Dec 2026 Term Treasury ETF IBTG 0001100663 S000067562 iShares iBonds Dec 2027 Term Treasury ETF C000217188 iShares iBonds Dec 2027 Term Treasury ETF IBTH 0001100663 S000067563 iShares iBonds Dec 2028 Term Treasury ETF C000217189 iShares iBonds Dec 2028 Term Treasury ETF IBTI 0001100663 S000067564 iShares iBonds Dec 2029 Term Treasury ETF C000217190 iShares iBonds Dec 2029 Term Treasury ETF IBTJ 0001100663 S000067838 iShares ESG MSCI EM Leaders ETF C000217590 iShares ESG MSCI EM Leaders ETF LDEM 0001100663 S000068072 iShares Factors US Blend Style ETF C000218114 iShares Factors US Blend Style ETF STLC 0001100663 S000068074 iShares Factors US Mid Blend Style ETF C000218116 iShares Factors US Mid Blend Style ETF STMB 0001100663 S000068082 iShares Factors US Small Blend Style ETF C000218124 iShares Factors US Small Blend Style ETF STSB 0001100663 S000068137 iShares MSCI Kuwait ETF C000218229 iShares MSCI Kuwait ETF KWT 0001100663 S000068729 iShares ESG Aware Conservative Allocation ETF C000219699 iShares ESG Aware Conservative Allocation ETF EAOK 0001100663 S000068730 iShares ESG Aware Moderate Allocation ETF C000219700 iShares ESG Aware Moderate Allocation ETF EAOM 0001100663 S000068731 iShares ESG Aware Growth Allocation ETF C000219701 iShares ESG Aware Growth Allocation ETF EAOR 0001100663 S000068732 iShares ESG Aware Aggressive Allocation ETF C000219702 iShares ESG Aware Aggressive Allocation ETF EAOA 0001100663 S000068768 iShares 0-3 Month Treasury Bond ETF C000219740 iShares 0-3 Month Treasury Bond ETF SGOV 0001100663 S000068771 iShares ESG Advanced MSCI EAFE ETF C000219745 iShares ESG Advanced MSCI EAFE ETF DMXF 0001100663 S000068773 iShares ESG Advanced MSCI EM ETF C000219747 iShares ESG Advanced MSCI EM ETF EMXF 0001100663 S000068775 iShares ESG Advanced MSCI USA ETF C000219749 iShares ESG Advanced MSCI USA ETF USXF 0001100663 S000068777 iShares iBonds Dec 2030 Term Corporate ETF C000219751 iShares iBonds Dec 2030 Term Corporate ETF IBDV 0001100663 S000068817 iShares ESG Advanced Total USD Bond Market ETF C000219898 iShares ESG Advanced Total USD Bond Market ETF EUSB 0001100663 S000068912 iShares iBonds Dec 2030 Term Treasury ETF C000220170 iShares iBonds Dec 2030 Term Treasury ETF IBTK 0001100663 S000069338 iShares Virtual Work and Life Multisector ETF C000221317 iShares Virtual Work and Life Multisector ETF IWFH 0001100663 S000069532 iShares ESG Screened S&P 500 ETF C000221870 iShares ESG Screened S&P 500 ETF XVV 0001100663 S000069533 iShares ESG Screened S&P Mid-Cap ETF C000221871 iShares ESG Screened S&P Mid-Cap ETF XJH 0001100663 S000069536 iShares ESG Screened S&P Small-Cap ETF C000221874 iShares ESG Screened S&P Small-Cap ETF XJR 0001100663 S000069558 iShares 25+ Year Treasury STRIPS Bond ETF C000221912 iShares 25+ Year Treasury STRIPS Bond ETF GOVZ 0001100663 S000069740 iShares US Small Cap Value Factor ETF C000222498 iShares US Small Cap Value Factor ETF SVAL 0001100663 S000069852 iShares iBonds 2026 Term High Yield and Income ETF C000222633 iShares iBonds 2026 Term High Yield and Income ETF IBHF 0001100663 S000070653 iShares International Developed Small Cap Value Factor ETF C000224636 iShares International Developed Small Cap Value Factor ETF ISVL 0001100663 S000071770 iShares BBB Rated Corporate Bond ETF C000227271 iShares BBB Rated Corporate Bond ETF LQDB 0001100663 S000072204 iShares iBonds Dec 2031 Term Corporate ETF C000228040 iShares iBonds Dec 2031 Term Corporate ETF IBDW 0001100663 S000072335 iShares iBonds 2027 Term High Yield and Income ETF C000228465 iShares iBonds 2027 Term High Yield and Income ETF IBHG 0001100663 S000072402 iShares iBonds Dec 2031 Term Treasury ETF C000228602 iShares iBonds Dec 2031 Term Treasury ETF IBTL 0001524513 S000037042 BlackRock Short Maturity Bond ETF C000113876 BlackRock Short Maturity Bond ETF NEAR 0001524513 S000040474 BlackRock Ultra Short-Term Bond ETF C000125661 BlackRock Ultra Short-Term Bond ETF ICSH 0001524513 S000042862 iShares Interest Rate Hedged Corporate Bond ETF C000132817 iShares Interest Rate Hedged Corporate Bond ETF LQDH 0001524513 S000042863 iShares Interest Rate Hedged High Yield Bond ETF C000132818 iShares Interest Rate Hedged High Yield Bond ETF HYGH 0001524513 S000044145 iShares Interest Rate Hedged Long-Term Corporate Bond ETF C000137261 iShares Interest Rate Hedged Long-Term Corporate Bond ETF IGBH 0001524513 S000044146 iShares Interest Rate Hedged Emerging Markets Bond ETF C000137262 iShares Interest Rate Hedged Emerging Markets Bond ETF EMBH 0001524513 S000044971 iShares GSCI Commodity Dynamic Roll Strategy ETF C000139416 iShares GSCI Commodity Dynamic Roll Strategy ETF COMT 0001524513 S000047352 BlackRock Short Maturity Municipal Bond ETF C000148680 BlackRock Short Maturity Municipal Bond ETF MEAR 0001524513 S000058011 iShares Inflation Hedged Corporate Bond ETF C000189608 iShares Inflation Hedged Corporate Bond ETF LQDI 0001524513 S000061161 iShares Gold Strategy ETF C000198135 iShares Gold Strategy ETF IAUF 0001524513 S000061254 iShares Evolved U.S. Consumer Staples ETF C000198374 iShares Evolved U.S. Consumer Staples ETF IECS 0001524513 S000061255 iShares Evolved U.S. Discretionary Spending ETF C000198375 iShares Evolved U.S. Discretionary Spending ETF IEDI 0001524513 S000061256 iShares Evolved U.S. Financials ETF C000198376 iShares Evolved U.S. Financials ETF IEFN 0001524513 S000061257 iShares Evolved U.S. Healthcare Staples ETF C000198377 iShares Evolved U.S. Healthcare Staples ETF IEHS 0001524513 S000061258 iShares Evolved U.S. Innovative Healthcare ETF C000198378 iShares Evolved U.S. Innovative Healthcare ETF IEIH 0001524513 S000061259 iShares Evolved U.S. Media and Entertainment ETF C000198379 iShares Evolved U.S. Media and Entertainment ETF IEME 0001524513 S000061260 iShares Evolved U.S. Technology ETF C000198380 iShares Evolved U.S. Technology ETF IETC 0001524513 S000061337 iShares Bloomberg Roll Select Commodity Strategy ETF C000198581 iShares Bloomberg Roll Select Commodity Strategy ETF CMDY 0001524513 S000064843 iShares Commodity Curve Carry Strategy ETF C000209927 iShares Commodity Curve Carry Strategy ETF CCRV 497 1 d169306d497.htm 497 497

iShares®

iShares, Inc.

iShares Trust

iShares U.S. ETF Trust

Supplement dated July 13, 2021 (the “Supplement”)

to the Statements of Additional Information (the “SAIs”)

for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust

(each, a “Fund”)

The information in this Supplement updates information in, and should be read in conjunction with, the SAI for each Fund.

Effective immediately, each Fund’s SAI is amended as follows:

The section of each Fund’s SAI entitled “Potential Conflicts of Interest” shall be deleted in its entirety and replaced with the following:

Potential Conflicts of Interest. Certain activities of BFA, BlackRock, Inc. and the other subsidiaries of BlackRock, Inc. (collectively referred to in this section as “BlackRock”) and their respective directors, officers and employees, with respect to the Funds and/or other accounts managed by BlackRock, may give rise to actual or perceived conflicts of interest such as those described below.

BlackRock is one of the world’s largest asset management firms. BlackRock, its subsidiaries and their respective directors, officers and employees, including, the business units or entities and personnel who may be involved in the investment activities and business operations of a Fund, are engaged worldwide in businesses, including managing equities, fixed- income securities, cash and alternative investments, and have interests other than that of managing the Funds. These are considerations of which investors in a Fund should be aware, and which may cause conflicts of interest that could disadvantage a Fund and its shareholders. These businesses and interests include potential multiple advisory, financial and other relationships with, or interests in, companies and interests in securities or other instruments that may be purchased or sold by a Fund.

BlackRock has proprietary interests in, and may manage or advise with respect to, accounts or funds (including separate accounts and other funds and collective investment vehicles) that have investment objectives similar to those of a Fund and/or that engage in transactions in the same types of securities, currencies and instruments as the Funds. BlackRock is also a major participant in the global currency, equities, swap and fixed income markets, in each case, for the accounts of clients and, in some cases, on a proprietary basis. As such, BlackRock is or may be actively engaged in transactions in the same securities, currencies, and instruments in which a Fund invests. Such activities could affect the prices and availability of the securities, currencies, and instruments in which a Fund invests, which could have an adverse impact on a Fund’s performance. Such transactions, particularly in respect of most proprietary accounts or client accounts, will be executed independently of a Fund’s transactions and thus at prices or rates that may be more or less favorable than those obtained by the Funds.

When BlackRock seeks to purchase or sell the same assets for managed accounts, including a Fund, the assets actually purchased or sold may be allocated among the accounts on a basis determined in its good faith discretion to be equitable. In some cases, this system may adversely affect the size or price of the assets purchased or sold for a Fund. In addition, transactions in investments by one or more other accounts managed by BlackRock may have the effect of diluting or otherwise disadvantaging the values, prices or investment strategies of a Fund, particularly, but not limited to, with respect to small-capitalization, emerging market or less liquid strategies. This may occur with respect to BlackRock-advised accounts when investment decisions regarding a Fund are based on research or other information that is also used to support decisions for other accounts. When BlackRock implements a portfolio decision or strategy on behalf of another account ahead of, or contemporaneously with, similar decisions or strategies for a Fund, market impact, liquidity constraints, or other factors could result in the Fund receiving less favorable trading results and the costs of implementing such decisions or strategies could be increased or the Fund could otherwise be disadvantaged. BlackRock may, in certain cases, elect to implement internal policies and procedures

designed to limit such consequences, which may cause a Fund to be unable to engage in certain activities, including purchasing or disposing of securities, when it might otherwise be desirable for it to do so.

Conflicts may also arise because portfolio decisions regarding a Fund may benefit other accounts managed by BlackRock. For example, the sale of a long position or establishment of a short position by a Fund may impair the price of the same security sold short by (and therefore benefit) BlackRock or its other accounts or funds, and the purchase of a security or covering of a short position in a security by a Fund may increase the price of the same security held by (and therefore benefit) BlackRock or its other accounts or funds. In addition, to the extent permitted by applicable law, certain Funds may invest their assets in other funds advised by BlackRock, including funds that are managed by one or more of the same portfolio managers, which could result in conflicts of interest relating to asset allocation, timing of Fund purchases and sales, and increased remuneration and profitability for BlackRock, and/or its personnel, including portfolio managers.

In certain circumstances, BlackRock, on behalf of the Funds, may seek to buy from or sell securities to another fund or account advised by BlackRock. BlackRock may (but is not required to) effect purchases and sales between BlackRock clients (“cross trades”), including the Funds, if BlackRock believes such transactions are appropriate based on each party’s investment objectives and guidelines, subject to applicable law and regulation. There may be potential conflicts of interest or regulatory issues relating to these transactions which could limit BlackRock’s decision to engage in these transactions for the Funds. BlackRock may have a potentially conflicting division of loyalties and responsibilities to the parties in such transactions. On any occasion when a Fund participates in a cross trade, BlackRock will comply with procedures adopted under applicable rules and SEC guidance.

BlackRock and its clients may pursue or enforce rights with respect to an issuer in which a Fund has invested, and those activities may have an adverse effect on the Fund. As a result, prices, availability, liquidity and terms of a Fund’s investments may be negatively impacted by the activities of BlackRock or its clients, and transactions for the Fund may be impaired or effected at prices or terms that may be less favorable than would otherwise have been the case.

The results of a Fund’s investment activities may differ significantly from the results achieved by BlackRock for its proprietary accounts or other accounts (including investment companies or collective investment vehicles) which it manages or advises. It is possible that one or more accounts managed or advised by BlackRock and such other accounts will achieve investment results that are substantially more or less favorable than the results achieved by a Fund. Moreover, it is possible that a Fund will sustain losses during periods in which one or more proprietary or other accounts managed or advised by BlackRock achieve significant profits. The opposite result is also possible.

From time to time, a Fund may be restricted from purchasing or selling securities, or from engaging in other investment activities because of regulatory, legal or contractual requirements applicable to BlackRock or other accounts managed or advised by BlackRock, and/or the internal policies of BlackRock designed to comply with such requirements. As a result, there may be periods, for example, when BlackRock will not initiate or recommend certain types of transactions in certain securities or instruments with respect to which BlackRock is performing services or when position limits have been reached. For example, the investment activities of BlackRock for its proprietary accounts and accounts under its management may limit the investment opportunities for a Fund in certain emerging and other markets in which limitations are imposed upon the amount of investment, in the aggregate or in individual issuers, by affiliated foreign investors.

In connection with its management of a Fund, BlackRock may have access to certain fundamental analysis and proprietary technical models developed by BlackRock. BlackRock will not be under any obligation, however, to effect transactions on behalf of a Fund in accordance with such analysis and models. In addition, BlackRock will not have any obligation to make available any information regarding its proprietary activities or strategies, or the activities or strategies used for other accounts managed by them, for the benefit of the management of a Fund and it is not anticipated that BlackRock will have access to such information for the purpose of managing the Fund. The proprietary activities or portfolio strategies of BlackRock, or the activities or strategies used for accounts managed by BlackRock or other client accounts could conflict with the transactions and strategies employed by BlackRock in managing a Fund.

The Funds may be included in investment models developed by BlackRock for use by clients and financial advisors. To the extent clients invest in these investment models and increase the assets under management of the Funds, the investment management fee amounts paid by the Funds to BlackRock may also increase. The price, availability and liquidity of a Fund may be impacted by purchases and sales of the Fund by model-driven investment portfolios, as well as by BlackRock itself and by its advisory clients.

In addition, certain principals and certain employees of a Fund’s investment adviser are also principals or employees of other business units or entities within BlackRock. As a result, these principals and employees may have obligations to such other business units or entities or their clients and such obligations to other business units or entities or their clients may be a consideration of which investors in a Fund should be aware.

BlackRock may enter into transactions and invest in securities, instruments and currencies on behalf of a Fund in which clients of BlackRock or, to the extent permitted by the SEC and applicable law, BlackRock serves as the counterparty, principal or issuer. In such cases, such party’s interests in the transaction will be adverse to the interests of the Fund, and such party may have no incentive to assure that the Fund obtains the best possible prices or terms in connection with the transactions. In addition, the purchase, holding and sale of such investments by a Fund may enhance the profitability of BlackRock.

BlackRock may also create, write or issue derivatives for clients, the underlying securities, currencies or instruments in which a Fund may invest or which may be based on the performance of the Fund. An entity in which BlackRock has a significant minority interest will create, write or issue options which may be based on the performance of certain Funds. BlackRock has the right to receive a portion of the gross revenue earned by such entity. Options writing by such entity on a Fund could potentially lead to increased purchase activity with respect to the Fund and increased assets under management for BlackRock.

BlackRock has entered into an arrangement with Markit Indices Limited, the index provider for underlying fixed-income indexes used by certain iShares funds, related to derivative fixed-income products that are based on such iShares funds. BlackRock may receive certain payments for licensing intellectual property belonging to BlackRock and for facilitating the provision of data in connection with such derivative products, which may include payments based on the trading volumes of, or revenues generated by, the derivative products. However, BlackRock will not receive any such payments on those derivative products utilized by the Funds or other BlackRock funds or accounts. Other funds and accounts managed by BlackRock may from time to time transact in such derivative products, which could contribute to the viability or success of such derivative products by making them more appealing to funds and accounts managed by third parties, and in turn lead to increased payments to BlackRock. Trading activity in such derivative products could also potentially lead to increased purchase activity with respect to these iShares funds and increased assets under management for BlackRock.

A Fund may, subject to applicable law, purchase investments that are the subject of an underwriting or other distribution by BlackRock and may also enter into transactions with other clients of BlackRock where such other clients have interests adverse to those of the Fund.

At times, these activities may cause business units or entities within BlackRock to give advice to clients that may cause these clients to take actions adverse to the interests of a Fund. To the extent such transactions are permitted, a Fund will deal with BlackRock on an arm’s-length basis.

To the extent authorized by applicable law, BlackRock may act as broker, dealer, agent, lender or adviser or in other commercial capacities for a Fund. It is anticipated that the commissions, mark-ups, mark-downs, financial advisory fees, underwriting and placement fees, sales fees, financing and commitment fees, brokerage fees, other fees, compensation or profits, rates, terms and conditions charged by BlackRock will be in its view commercially reasonable, although BlackRock, including its sales personnel, will have an interest in obtaining fees and other amounts that are favorable to BlackRock and such sales personnel, which may have an adverse effect on the Funds. Index based funds may use an index provider that is affiliated with another service provider of a Fund or BlackRock that acts as a broker, dealer, agent, lender or in other commercial capacities for a Fund or BlackRock.

Subject to applicable law, BlackRock (and its personnel and other distributors) will be entitled to retain fees and other amounts that they receive in connection with their service to the Funds as broker, dealer, agent, lender, adviser or in other commercial capacities. No accounting to the Funds or their shareholders will be required, and no fees or other compensation payable by the Funds or their shareholders will be reduced by reason of receipt by BlackRock of any such fees or other amounts.

When BlackRock acts as broker, dealer, agent, adviser or in other commercial capacities in relation to the Funds, BlackRock may take commercial steps in its own interests, which may have an adverse effect on the Funds. A Fund will be required to establish business relationships with its counterparties based on the Fund’s own credit standing. BlackRock will not have any obligation to allow its credit to be used in connection with a Fund’s establishment of its business relationships, nor is it expected that the Fund’s counterparties will rely on the credit of BlackRock in evaluating the Fund’s creditworthiness.

BTC, an affiliate of BFA pursuant to SEC exemptive relief, acts as securities lending agent to, and receives a share of securities lending revenues from, the Funds. BlackRock will also receive compensation for managing the reinvestment of the cash collateral from securities lending. There are potential conflicts of interests in managing a securities lending program, including but not limited to: (i) BlackRock as securities lending agent may have an incentive to increase or decrease the amount of securities on loan or to lend particular securities in order to generate additional risk-adjusted revenue for BlackRock and its affiliates; and (ii) BlackRock as securities lending agent may have an incentive to allocate loans to clients that would provide more revenue to BlackRock. As described further below, BlackRock seeks to mitigate this conflict by providing its securities lending clients with equal lending opportunities over time in order to approximate pro rata allocation.

As part of its securities lending program, BlackRock indemnifies certain clients and/or funds against a shortfall in collateral in the event of borrower default. BlackRock’s RQA calculates, on a regular basis, BlackRock’s potential dollar exposure to the risk of collateral shortfall upon counterparty default (“shortfall risk”) under the securities lending program for both indemnified and non-indemnified clients. On a periodic basis, RQA also determines the maximum amount of potential indemnified shortfall risk arising from securities lending activities (“indemnification exposure limit”) and the maximum amount of counterparty-specific credit exposure (“credit limits”) BlackRock is willing to assume as well as the program’s operational complexity. RQA oversees the risk model that calculates projected shortfall values using loan-level factors such as loan and collateral type and market value as well as specific borrower counterparty credit characteristics. When necessary, RQA may further adjust other securities lending program attributes by restricting eligible collateral or reducing counterparty credit limits. As a result, the management of the indemnification exposure limit may affect the amount of securities lending activity BlackRock may conduct at any given point in time and impact indemnified and non-indemnified clients by reducing the volume of lending opportunities for certain loans (including by asset type, collateral type and/or revenue profile).

BlackRock uses a predetermined systematic process in order to approximate pro rata allocation over time. In order to allocate a loan to a portfolio: (i) BlackRock as a whole must have sufficient lending capacity pursuant to the various program limits (i.e., indemnification exposure limit and counterparty credit limits); (ii) the lending portfolio must hold the asset at the time a loan opportunity arrives; and (iii) the lending portfolio must also have enough inventory, either on its own or when aggregated with other portfolios into one single market delivery, to satisfy the loan request. In doing so, BlackRock seeks to provide equal lending opportunities for all portfolios, independent of whether BlackRock indemnifies the portfolio. Equal opportunities for lending portfolios does not guarantee equal outcomes. Specifically, short and long-term outcomes for individual clients may vary due to asset mix, asset/liability spreads on different securities, and the overall limits imposed by the firm.

Purchases and sales of securities and other assets for a Fund may be bunched or aggregated with orders for other BlackRock client accounts, including with accounts that pay different transaction costs solely due to the fact that they have different research payment arrangements. BlackRock, however, is not required to bunch or aggregate orders if portfolio management decisions for different accounts are made separately, or if they determine that bunching or aggregating is not practicable or required, or in cases involving client direction.

Prevailing trading activity frequently may make impossible the receipt of the same price or execution on the entire volume of securities purchased or sold. When this occurs, the various prices may be averaged, and the Funds will be charged or credited with the average price. Thus, the effect of the aggregation may operate on some occasions to the disadvantage of the Funds. In addition, under certain circumstances, the Funds will not be charged the same commission or commission equivalent rates in connection with a bunched or aggregated order.

Subject to applicable law, BlackRock may select brokers that furnish BlackRock, the Funds, other BlackRock client accounts or personnel, directly or through correspondent relationships, with research or other appropriate services which provide, in BlackRock’s view, appropriate assistance to BlackRock in the investment decision-making process (including with respect to futures, fixed-price offerings and OTC transactions). Such research or other services may include, to the extent permitted by law, research reports on companies, industries and securities; economic and financial data; financial publications; proxy analysis; trade industry seminars; computer data bases; research-oriented software and other services and products.

Research or other services obtained in this manner may be used in servicing any or all of the Funds and other BlackRock client accounts, including in connection with BlackRock client accounts other than those that pay commissions to the broker relating to the research or other service arrangements. Such products and services may disproportionately benefit other BlackRock client accounts relative to the Funds based on the amount of brokerage commissions paid by the Funds and such other BlackRock client accounts. For example, research or other services that are paid for through one client’s commissions may not be used in managing that client’s account. In addition, other BlackRock client accounts may receive the benefit, including disproportionate benefits, of economies of scale or price discounts in connection with products and services that may be provided to the Funds and to such other BlackRock client accounts. To the extent that BlackRock uses soft dollars, it will not have to pay for those products and services itself.

BlackRock does not currently enter into arrangements to use the Funds’ assets for, or participate in, soft dollars, although BlackRock may receive research that is bundled with the trade execution, clearing, and/or settlement services provided by a particular broker-dealer. To the extent that BlackRock receives research on this basis, many of the same conflicts related to traditional soft dollars may exist. For example, the research effectively will be paid by client commissions that also will be used to pay for the execution, clearing, and settlement services provided by the broker-dealer and will not be paid by BlackRock. BlackRock, unless prohibited by applicable law, may endeavor to execute trades through brokers who, pursuant to such arrangements, provide research or other services in order to ensure the continued receipt of research or other services BlackRock believes are useful in its investment decision-making process. BlackRock may from time to time choose not to engage in the above described arrangements to varying degrees. BlackRock, unless prohibited by applicable law, may also enter into commission sharing arrangements under which BlackRock may execute transactions through a broker-dealer, and request that the broker-dealer allocate a portion of the commissions or commission credits to another firm that provides research to BlackRock. To the extent that BlackRock engages in commission sharing arrangements, many of the same conflicts related to traditional soft dollars may exist.

BlackRock may utilize certain electronic crossing networks (“ECNs”) (including, without limitation, ECNs in which BlackRock has an investment or other interest, to the extent permitted by applicable law) in executing client securities transactions for certain types of securities. These ECNs may charge fees for their services, including access fees and transaction fees. The transaction fees, which are similar to commissions or markups/markdowns, will generally be charged to clients and, like commissions and markups/markdowns, would generally be included in the cost of the securities purchased. Access fees may be paid by BlackRock even though incurred in connection with executing transactions on behalf of clients, including the Funds. In certain circumstances, ECNs may offer volume discounts that will reduce the access fees typically paid by BlackRock. BlackRock will only utilize ECNs consistent with its obligation to seek to obtain best execution in client transactions.

BlackRock has adopted policies and procedures designed to prevent conflicts of interest from influencing proxy voting decisions that it makes on behalf of advisory clients, including the Funds, and to help ensure that such decisions are made in accordance with BlackRock’s fiduciary obligations to its clients.

Nevertheless, notwithstanding such proxy voting policies and procedures, actual proxy voting decisions of BlackRock may have the effect of favoring the interests of other clients or businesses of other divisions or units of BlackRock, provided that BlackRock believes such voting decisions to be in accordance with its fiduciary obligations. For a more detailed discussion of these policies and procedures, see the Proxy Voting Policy section of this SAI.

It is also possible that, from time to time, BlackRock and/or its advisory clients (including other funds and separately managed accounts) may, subject to compliance with applicable law, purchase and hold shares of a Fund. Increasing a Fund’s assets may enhance liquidity, investment flexibility and diversification and may contribute to economies of scale that tend to reduce the Fund’s expense ratio. BlackRock reserves the right, subject to compliance with applicable law, to sell into the market or redeem in Creation Units through an Authorized Participant at any time some or all of the shares of a Fund acquired for its own accounts or the account of a BlackRock advisory client. A large sale or redemption of shares of a Fund by BlackRock itself or a BlackRock advisory client could significantly reduce the asset size of the Fund, which might have an adverse effect on the Fund’s liquidity, investment flexibility, portfolio diversification, expense ratio or ability to comply with the listing requirements for the Fund.

It is possible that a Fund may invest in securities of, or engage in transactions with, companies in which BlackRock has significant debt or equity investments or other interests. A Fund may also invest in issuances (such as structured notes) by entities for which BlackRock provides and is compensated for cash management services relating to the proceeds from the sale of such issuances. In making investment decisions for a Fund, BlackRock is not permitted to obtain or use material non- public information acquired by any unit of BlackRock in the course of these activities. In addition, from time to time, the activities of BlackRock may limit a Fund’s flexibility in purchases and sales of securities. As indicated below, BlackRock may engage in transactions with companies in which BlackRock-advised funds or other clients of BlackRock have an investment.

BlackRock and Chubb Limited (“Chubb”), a public company whose securities are held by BlackRock-advised funds and other accounts, partially funded the creation of a re-insurance company (“Re Co”) pursuant to which each has approximately a 9.9% ownership interest and each has representation on the board of directors. Certain employees and executives of BlackRock have a less than 1/2 of 1% ownership interest in Re Co. BlackRock manages the investment portfolio of Re Co, which is held in a wholly-owned subsidiary. Re Co participates as a reinsurer with reinsurance contracts underwritten by subsidiaries of Chubb.

BlackRock, its personnel and other financial service providers may have interests in promoting sales of the Funds. With respect to BlackRock and its personnel, the remuneration and profitability relating to services to and sales of the Funds or other products may be greater than remuneration and profitability relating to services to and sales of certain funds or other products that might be provided or offered. BlackRock and its sales personnel may directly or indirectly receive a portion of the fees and commissions charged to the Funds or their shareholders. BlackRock and its advisory or other personnel may also benefit from increased amounts of assets under management. Fees and commissions may also be higher than for other products or services, and the remuneration and profitability to BlackRock and such personnel resulting from transactions on behalf of or management of the Funds may be greater than the remuneration and profitability resulting from other funds or products.

Third parties, including service providers to BlackRock or a Fund, may sponsor events (including, but not limited to, marketing and promotional activities and presentations, educational training programs and conferences) for registered representatives, other professionals and individual investors. There is a potential conflict of interest as such sponsorships may defray the costs of such activities to BlackRock, and may provide an incentive to BlackRock to retain such third parties to provide services to a Fund.

BlackRock may provide valuation assistance to certain clients with respect to certain securities or other investments and the valuation recommendations made for such clients’ accounts may differ from the valuations for the same securities or investments assigned by a Fund’s pricing vendors, especially if such valuations are based on broker-dealer quotes or other data sources unavailable to the Fund’s pricing vendors. While BlackRock will generally communicate its valuation information or determinations to a Fund’s pricing vendors and/or fund accountants, there may be instances where the Fund’s pricing vendors or fund accountants assign a different valuation to a security or other investment than the valuation for such security or investment determined or recommended by BlackRock.

As disclosed in more detail in the Determination of Net Asset Value section of each Fund’s Prospectus and this SAI, when market quotations are not readily available or are believed by BlackRock to be unreliable, a Fund’s investments are valued at fair value by BlackRock in accordance with procedures adopted by the Board. When determining “fair value price,” BlackRock seeks to determine the price that a Fund might reasonably expect to receive from the current sale of that asset or liability in an arm’s-length transaction. The price generally may not be determined based on what a Fund might reasonably expect to receive for selling an asset or liability at a later time or if it holds the asset or liability to maturity. While fair value determinations will be based upon all available factors that BlackRock deems relevant at the time of the determination, and may be based on analytical values determined by BlackRock using proprietary or third-party valuation models, fair value represents only a good faith approximation of the value of an asset or liability. The fair value of one or more assets or liabilities may not, in retrospect, be the price at which those assets or liabilities could have been sold during the period in which the particular fair values were used in determining a Fund’s NAV. As a result, a Fund’s sale or redemption of its shares at NAV, at a time when a holding or holdings are valued by BlackRock (pursuant to Board-adopted procedures) at fair value, may have the effect of diluting or increasing the economic interest of existing shareholders and may affect the amount of revenue received by BlackRock with respect to services for which it receives an asset-based fee.

To the extent permitted by applicable law, a Fund may invest all or some of its short-term cash investments in any money market fund or similarly-managed private fund advised or managed by BlackRock. In connection with any such investments, a Fund, to the extent permitted by the 1940 Act, may pay its share of expenses of a money market fund or other similarly- managed private fund in which it invests, which may result in a Fund bearing some additional expenses.

BlackRock and its directors, officers and employees, may buy and sell securities or other investments for their own accounts and may have conflicts of interest with respect to investments made on behalf of a Fund. As a result of differing trading and investment strategies or constraints, positions may be taken by directors, officers and employees that are the same, different from or made at different times than positions taken for the Fund. To lessen the possibility that a Fund will be adversely affected by this personal trading, each Fund, BFA and BlackRock have each adopted a code of ethics in compliance with Section 17(j) of the 1940 Act that restricts securities trading in the personal accounts of investment professionals and others who normally come into possession of information regarding a Fund’s portfolio transactions. Each code of ethics is available by contacting BlackRock at the telephone number on the back cover of each Fund’s Prospectus or by accessing the EDGAR Database on the SEC’s Internet site at http://www.sec.gov, and copies may be obtained, after paying a duplicating fee, by e-mail at publicinfo@sec.gov.

BlackRock will not purchase securities or other property from, or sell securities or other property to, a Fund, except that a Fund may in accordance with rules or guidance adopted under the 1940 Act engage in transactions with another Fund or accounts that are affiliated with a Fund as a result of common officers, directors, or investment advisers or pursuant to exemptive orders granted to the Funds and/or BlackRock by the SEC. These transactions would be effected in circumstances in which BlackRock determined that it would be appropriate for a Fund to purchase and another client of BlackRock to sell, or a Fund to sell and another client of BlackRock to purchase, the same security or instrument on the same day. From time to time, the activities of a Fund may be restricted because of regulatory requirements applicable to BlackRock and/or BlackRock’s internal policies designed to comply with, limit the applicability of, or otherwise relate to such requirements. A client not advised by BlackRock would not be subject to some of those considerations. There may be periods when BlackRock may not initiate or recommend certain types of transactions, or may otherwise restrict or limit its advice in certain securities or instruments issued by or related to companies for which BlackRock is performing advisory or other services or has proprietary positions. For example, when BlackRock is engaged to provide advisory or risk management services for a company, BlackRock may be prohibited from or limited in purchasing or selling securities of that company on behalf of a Fund, particularly where such services result in BlackRock obtaining material non-public information about the company (e.g., in connection with participation in a creditors’ committee). Similar situations could arise if personnel of BlackRock serve as directors of companies the securities of which a Fund wishes to purchase or sell. However, if permitted by applicable law, and where consistent with BlackRock’s policies and procedures (including the necessary

implementation of appropriate information barriers), the Funds may purchase securities or instruments that are issued by such companies, are the subject of an advisory or risk management assignment by BlackRock, or where personnel of BlackRock are directors or officers of the issuer.

The investment activities of BlackRock for its proprietary accounts and for client accounts may also limit the investment strategies and rights of the Funds. For example, in certain circumstances where the Funds invest in securities issued by companies that operate in certain regulated industries or in certain emerging or international markets, or are subject to corporate or regulatory ownership restrictions, or invest in certain futures or other derivative transactions, there may be limits on the aggregate amount invested by BlackRock for their proprietary accounts and for client accounts (including the Funds) that may not be exceeded without the grant of a license or other regulatory or corporate consent or, if exceeded, may cause BlackRock, the Funds or other client accounts to suffer disadvantages or business restrictions.

If certain aggregate ownership thresholds are reached either through the actions of BlackRock or a Fund or as a result of third-party transactions, the ability of BlackRock, on behalf of clients (including the Funds), to purchase or dispose of investments, or exercise rights or undertake business transactions, may be restricted by regulation or otherwise impaired. As a result, BlackRock, on behalf of its clients (including the Funds), may limit purchases, sell existing investments, or otherwise restrict, forgo or limit the exercise of rights (including transferring, outsourcing or limiting voting rights or forgoing the right to receive dividends) when BlackRock, in its sole discretion, deems it appropriate in light of potential regulatory or other restrictions on ownership or other consequences resulting from reaching investment thresholds.

In those circumstances where ownership thresholds or limitations must be observed, BlackRock seeks to allocate limited investment opportunities equitably among clients (including the Funds), taking into consideration benchmark weight and investment strategy. BlackRock has adopted certain controls designed to prevent the occurrence of a breach of any applicable ownership threshold or limits, including, for example, when ownership in certain securities nears an applicable threshold, BlackRock may remove such securities from the list of Deposit Securities to be delivered to the Fund in connection with purchases of Creation Units of such Fund and may limit purchases in such securities to the issuer’s weighting in the applicable benchmark used by BlackRock to manage such Fund. If client (including Fund) holdings of an issuer exceed an applicable threshold and BlackRock is unable to obtain relief to enable the continued holding of such investments, it may be necessary to sell down these positions to meet the applicable limitations. In these cases, benchmark overweight positions will be sold prior to benchmark positions being reduced to meet applicable limitations.

In addition to the foregoing, other ownership thresholds may trigger reporting requirements to governmental and regulatory authorities, and such reports may entail the disclosure of the identity of a client or BlackRock’s intended strategy with respect to such security or asset.

BlackRock may not serve as an Authorized Participant in the creation and redemption of iShares ETFs.

BlackRock may maintain securities indices. To the extent permitted by applicable laws, the Funds may seek to license and use such indices as part of their investment strategy. Index based funds that seek to track the performance of securities indices also may use the name of the index or index provider in the fund name. Index providers, including BlackRock (to the extent permitted by applicable law), may be paid licensing fees for use of their index or index name. BlackRock may benefit from the Funds using BlackRock indices by creating increasing acceptance in the marketplace for such indices. BlackRock is not obligated to license its indices to a Fund and the Funds are under no obligation to use BlackRock indices. Any Fund that enters into a license for a BlackRock index cannot be assured that the terms of any index licensing agreement with BlackRock will be as favorable as those terms offered to other licensees.

The custody arrangement described in “Investment Advisory, Administrative and Distribution Services” may lead to potential conflicts of interest with BlackRock where BlackRock has agreed to waive fees and/or reimburse ordinary operating expenses in order to cap expenses of the Funds (or where BlackRock charges a unitary management fee). This is because the custody arrangements with certain Funds’ custodian may have the effect of reducing custody fees when the Funds leave cash balances uninvested. This could be viewed as having the potential to provide BlackRock an incentive to keep high positive cash balances for Funds in order to offset fund custody fees that BlackRock might otherwise reimburse or pay. However, BlackRock’s portfolio managers do not intentionally keep uninvested balances high, but rather

make investment decisions that they anticipate will be beneficial to fund performance. For funds without a unitary management fee, when a fund’s actual operating expense ratio exceeds a stated cap, a reduction in custody fees reduces the amount of waivers and/or reimbursements BlackRock would be required to make to the fund.

BlackRock may enter into contractual arrangements with third-party service providers to a Fund (e.g., custodians, administrators and index providers) pursuant to which BlackRock receives fee discounts or concessions in recognition of BlackRock’s overall relationship with such service providers. To the extent that BlackRock is responsible for paying these service providers out of its management fee, the benefits of any such fee discounts or concessions may accrue, in whole or in part, to BlackRock.

BlackRock owns or has an ownership interest in certain trading, portfolio management, operations and/or information systems used by Fund service providers. These systems are, or will be, used by a Fund service provider in connection with the provision of services to accounts managed by BlackRock and funds managed and sponsored by BlackRock, including the Funds, that engage the service provider (typically the custodian). A Fund’s service provider remunerates BlackRock for the use of the systems. A Fund service provider’s payments to BlackRock for the use of these systems may enhance the profitability of BlackRock.

BlackRock has entered into an arrangement with Intercontinental Exchange, Inc. (“ICE”) to be one of ICE’s development partners in connection with ICE’s open-architecture, centralized industry platform to facilitate creation and redemption orders for ETFs (the “ICE Platform”). As a development partner, BlackRock has licensed certain of its intellectual property to ICE. BlackRock uses the ICE Platform to facilitate creations and redemptions in the Funds and certain other services provided by the ICE Platform. BlackRock may have an incentive to promote the broad adoption of the ICE Platform by the ETF marketplace because BlackRock will earn a fee, based on the total revenues earned by the ICE Platform, for licensing BlackRock’s intellectual property to ICE and for BlackRock’s role as development partner. ICE Data Indices, LLC, the underlying index provider for certain BFA managed funds, is a wholly owned subsidiary of ICE.

BlackRock’s receipt of fees from a service provider in connection with the use of systems provided by BlackRock may create an incentive for BlackRock to recommend that a Fund enter into or renew an arrangement with the service provider.

In recognition of a BlackRock client’s overall relationship with BlackRock, BlackRock may offer special pricing arrangements for certain services provided by BlackRock. Any such special pricing arrangements will not apply to the client’s investment in a Fund.

Present and future activities of BlackRock (including BFA) its directors, officers and employees, in addition to those described in this section, may give rise to additional conflicts of interest.

 

iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.

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