0001193125-21-370773.txt : 20220103 0001193125-21-370773.hdr.sgml : 20220103 20211230182403 ACCESSION NUMBER: 0001193125-21-370773 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 17 FILED AS OF DATE: 20220103 DATE AS OF CHANGE: 20211230 EFFECTIVENESS DATE: 20220103 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: 211534002 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: 211534004 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: 211534003 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 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 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 Discretionary ETF C000012050 iShares U.S. Consumer Discretionary 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 U.S. Transportation ETF C000012061 iShares U.S. Transportation 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 S000004359 iShares Global Energy ETF C000012089 iShares Global Energy ETF IXC 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 Staples ETF C000012194 iShares U.S. Consumer Staples 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 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 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 S000019124 iShares MSCI EAFE Small-Cap ETF C000052896 iShares MSCI EAFE Small-Cap ETF SCZ 0001100663 S000019356 iShares Global Infrastructure ETF C000053784 iShares Global Infrastructure ETF IGF 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 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 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 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 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 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 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 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 S000041444 iShares MSCI USA Quality Factor ETF C000128677 iShares MSCI USA Quality Factor ETF QUAL 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 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iShares
®
iShares, Inc.
iShares Trust
iShares U.S. ETF Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
In the sections “Management – Portfolio Managers” of each Fund’s Summary Prospectus and Prospectus, Paul Whitehead is added to the list of Portfolio Managers primarily responsible for the
day-to-day
management of the Fund. Mr. Whitehead has been a Portfolio Manager of each Fund since 2022.
In the section “Management – Portfolio Managers” of each Fund’s Prospectus, the following is added:
Paul Whitehead has been with BlackRock since 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Mr. Whitehead has been employed by BlackRock as a Managing Director since 2010 and a Director from 2009 to 2010. Mr. Whitehead was employed by Barclays Global Investors as Principal from 2002 to 2009. Mr. Whitehead has been a Portfolio Manager of the Fund since 2022.

In the section “Portfolio Managers” of each Fund’s SAI, the following is added to the table listing each Portfolio Manager’s other types of portfolios and/or accounts:
Paul Whitehead*
 
Types of Accounts
  
Number
  
Total Assets
Registered Investment Companies
   N/A    N/A
Other Pooled Investment Vehicles
   N/A    N/A
Other Accounts
   N/A    N/A
 
 
*Information for Mr. Whitehead is provided as of November 30, 2021.
In the section “Portfolio Managers” of each Fund’s SAI, the following is added to the table listing each Portfolio Manager’s portfolios or accounts with respect to which the investment management fees are based on the performance of those portfolios or accounts:
Paul Whitehead*
 
Types of Accounts
  
Number of Other
Accounts with
Performance Fees
Managed by Portfolio
Manager
  
Aggregate of Total
Assets
Registered Investment Companies
   N/A    N/A
Other Pooled Investment Vehicles
   N/A    N/A
Other Accounts
   N/A    N/A
 
 
*Information for Mr. Whitehead is provided as of November 30, 2021.

For the Funds listed in the below table, in the section “Portfolio Managers” of the applicable Fund’s SAI, the following is added to the table listing each Portfolio Manager’s beneficial ownership of shares of the Funds for which they are primarily responsible for the
day-to-day
management:
Paul Whitehead*
 
Fund
 
Dollar Range
 
 
$1 to
$10,000
   
$10,001
to
$50,000
   
$50,001
to
$100,000
   
$100,001
to
$500,000
   
$500,001
to
$1 mil
   
Over
$1 mil
 
             
iShares Core Dividend Growth ETF
 
 
 
 
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
             
iShares MSCI EAFE Min Vol Factor ETF
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
             
iShares Global Clean Energy ETF
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
             
iShares Cybersecurity and Tech ETF
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
             
iShares Core S&P
Small-Cap
ETF
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
             
iShares Global Financials ETF
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
             
iShares Global Tech ETF
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
             
iShares US Energy ETF
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
             
iShares MSCI USA Multifactor ETF
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
             
iShares MSCI USA Momentum Factor ETF
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
             
iShares MSCI USA Quality Factor ETF
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
             
iShares MSCI USA Value Factor ETF
    X    
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
*Information for Mr. Whitehead is provided as of November 30, 2021.
As of November 30, 2021, Mr. Whitehead did not beneficially own any shares of a Fund for which he is primarily responsible for the day-to-day management which is not listed in the above table.

Appendix A
Supplement to the Summary Prospectus and Prospectus
both
dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised October 29, 2021):
iShares Commodity Curve Carry Strategy ETF
iShares GSCI Commodity Dynamic Roll Strategy ETF
Supplement to the Summary Prospectus and Prospectus both dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised January 3, 2022):
iShares Bloomberg Roll Select Commodity Strategy ETF
iShares Gold Strategy ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Asia 50 ETF
iShares Emerging Markets Infrastructure ETF
iShares Global 100 ETF
iShares Global Comm Services ETF
iShares Global Consumer Discretionary ETF
iShares Global Healthcare ETF
iShares Global Materials ETF
iShares Global Tech ETF
iShares Global Timber & Forestry ETF
iShares International Dividend Growth ETF
iShares Latin America 40 ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 18, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Clean Energy ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 13, 2021), and to the Statement of
Additional
Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares India 50 ETF

Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Biotechnology ETF
iShares Core S&P 500 ETF
iShares Core S&P
Mid-Cap
ETF
iShares Core S&P
Small-Cap
ETF
iShares Core S&P Total U.S. Stock Market ETF
iShares Core S&P U.S. Growth ETF
iShares Core S&P U.S. Value ETF
iShares ESG Screened S&P 500 ETF
iShares ESG Screened S&P
Mid-Cap
ETF
iShares ESG Screened S&P
Small-Cap
ETF
iShares Europe ETF
iShares Expanded Tech Sector ETF
iShares Expanded Tech-Software Sector ETF
iShares Factors US Growth Style ETF
iShares Factors US Value Style ETF
iShares Focused Value Factor ETF
iShares Global Consumer Staples ETF
iShares Global Energy ETF
iShares Global Financials ETF
iShares Global Industrials ETF
iShares Global Infrastructure ETF
iShares Global Utilities ETF
iShares International Developed Property ETF
iShares International Developed Small Cap Value Factor ETF
iShares
JPX-Nikkei
400 ETF
iShares
Micro-Cap
ETF
iShares Mortgage Real Estate ETF
iShares North American Natural Resources ETF
iShares North American Tech-Multimedia Networking ETF
iShares Residential and Multisector Real Estate ETF
iShares Russell 1000 ETF
iShares Russell 1000 Growth ETF
iShares Russell 1000 Value ETF
iShares Russell 2000 ETF
iShares Russell 2000 Growth ETF
iShares Russell 2000 Value ETF
iShares Russell 3000 ETF
iShares Russell
Mid-Cap
ETF
iShares Russell
Mid-Cap
Growth ETF
iShares Russell
Mid-Cap
Value ETF

iShares Russell
T
op 200 ETF
iShares Russell Top 200 Growth ETF
iShares Russell Top 200 Value ETF
iShares S&P 100 ETF
iShares S&P 500 Growth
ETF
iShares S&P 500 Value ETF
iShares S&P
Mid-Cap
400 Growth ETF
iShares S&P
Mid-Cap
400 Value ETF
iShares S&P
Small-Cap
600 Growth
ETF
iShares S&P
Small-Cap
600
Va
lue ETF
iShares Semiconductor ETF
iShares U.S. Aerospace & Defense ETF
iShares U.S. Broker-Dealers & Securities Exchanges ETF
iShares U.S. Healthcare Providers ETF
iShares U.S. Home Construction ETF
iShares U.S. Insurance ETF
iShares U.S. Medical Devices ETF
iShares U.S. Oil & Gas Exploration & Production
ETF
iShares U.S. Oil Equipment & Services
ETF
iShares U.S. Pharmaceuticals
ETF
iShares U.S. Real Estate ETF
iShares U.S. Regional Banks ETF
iShares U.S. Telecommunications
ETF
iShares US Small Cap Value Factor ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 20, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Infrastructure ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 1, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Preferred and Income Securities ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised September 10, 2021):
iShares Currency Hedged
JPX-Nikkei
400 ETF

Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell 2500 ETF
Supplement to the Summary Prospectus and
Prospectus
both dated as of
September 
1, 2021, and to the Statement of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):
iShares Asia/Pacific Dividend ETF
iShares Emerging Markets Dividend
ETF
Supplement to the Summary Prospectus and Prospectus
both
dated as of
September 
1, 2021, and to the
Statement
of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):
iShares Global REIT ETF
iShares International Select Dividend ETF
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Cohen & Steers REIT ETF
iShares Core Dividend Growth ETF
iShares Core High Dividend ETF
iShares Core U.S. REIT ETF
iShares Dow Jones U.S. ETF
iShares International Developed Real Estate ETF
iShares Morningstar Growth ETF
iShares Morningstar
Mid-Cap
ETF
iShares Morningstar
Mid-Cap
Growth ETF
iShares Morningstar
Mid-Cap
Value ETF
iShares Morningstar
Small-Cap
ETF
iShares Morningstar
Small-Cap
Growth ETF
iShares Morningstar
Small-Cap
Value ETF
iShares Morningstar U.S. Equity ETF
iShares Morningstar Value ETF
iShares MSCI KLD 400 Social ETF
iShares MSCI USA ESG Select ETF
iShares Select Dividend ETF

iShares U.S. Basic Materials
ETF
iShares U.S. Consumer Discretionary ETF
iShares U.S. Consumer Staples ETF
iShares U.S. Dividend and Buyback ETF
iShares U.S. Energy ETF
iShares U.S. Financial Services ETF
iShares U.S. Financials ETF
iShares U.S. Healthcare ETF
iShares U.S. Industrials
ETF
iShares U.S. Technology ETF
iShares U.S. Transportation ETF
iShares U.S. Utilities
ETF
Supplement to the Summary Prospectus dated as of November 3, 2021, and to
the
Prospectus dated as
of
October 25, 2021, and to the Statement
of
Additional Information dated as of October 25, 2021 (as revised January 3, 2022):
iShares ESG MSCI USA Min Vol Factor ETF
Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021:
iShares Core MSCI Europe
ETF
iShares Core MSCI Pacific
ETF
iShares Currency Hedged MSCI ACWI ex U.S. ETF
iShares Currency Hedged MSCI EAFE ETF
iShares Currency Hedged MSCI EAFE
Small-Cap
ETF
iShares MSCI Kokusai ETF
Supplement to the Prospectus and Statement of Additional Information
both
dated
as
of December 1,
2021
:
iShares Core Aggressive Allocation ETF
iShares Core Conservative Allocation ETF
iShares Core Growth Allocation ETF
iShares Core Moderate Allocation ETF
iShares ESG Aware Aggressive Allocation ETF
iShares ESG Aware Conservative Allocation ETF
iShares ESG Aware Growth Allocation ETF
iShares ESG Aware Moderate Allocation
ETF

Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Cloud 5G and Tech ETF
iShares Core MSCI EAFE ETF
iShares Core MSCI International Developed Markets ETF
iShares Core MSCI Total International Stock
ETF
iShares Cybersecurity
and
Tech
ETF
iShares Genomics Immunology and Healthcare
ETF
iShares MSCI ACWI ETF
iShares MSCI ACWI ex U.S. ETF
iShares MSCI ACWI Low Carbon Target ETF
iShares MSCI All Country Asia ex Japan ETF
iShares MSCI China A ETF
iShares MSCI Global Multifactor ETF
iShares Robotics and Artificial Intelligence Multisector ETF
iShares Self-Driving EV and Tech ETF
iShares Virtual Work and Life Multisector ETF
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021 (as revised December 20, 2021), and to the Statement of Additional Information dated as of December 1, 2021 (as revised December 20, 2021):
iShares Exponential Technologies ETF
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares China
Large-Cap
ETF
iShares MSCI EAFE ETF
iShares MSCI EAFE Growth ETF
iShares MSCI EAFE Min Vol Factor ETF
iShares MSCI EAFE
Small-Cap
ETF
iShares MSCI EAFE Value ETF
iShares MSCI Europe Financials ETF
iShares MSCI Europe
Small-Cap
ETF
iShares MSCI Intl Momentum Factor ETF
iShares MSCI Intl Multifactor ETF
iShares MSCI Intl Quality Factor ETF
iShares MSCI Intl Size Factor ETF

iShares MSCI Intl
Small-Cap
Multifactor ETF
iShares MSCI Intl Value Factor ETF
iShares MSCI USA
Mid-Cap
Multifactor ETF
iShares MSCI USA Min Vol Factor ETF
iShares MSCI USA Momentum Factor ETF
iShares MSCI USA Multifactor ETF
iShares MSCI USA Quality Factor ETF
iShares MSCI USA Size Factor ETF
iShares MSCI USA
Small-Cap
Min Vol Factor ETF
iShares MSCI USA
Small-Cap
Multifactor ETF
iShares MSCI USA Value Factor ETF
iShares U.S. Tech Breakthrough
Multisector
ETF
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares Core MSCI Em
ergi
ng Markets ETF
iShares Currency Hedged MSCI Canada ETF
iShares Currency Hedged MSCI Emerging Markets ETF
iShares Currency Hedged MSCI Eurozone ETF
iShares Currency Hedged MSCI Germany ETF
iShares Currency Hedged MSCI Japan ETF
iShares Currency Hedged MSCI United Kingdom ETF
iShares ESG Advanced MSCI EAFE ETF
iShares ESG Advanced MSCI EM ETF
iShares ESG Advanced MSCI USA ETF
iShares ESG Aware MSCI EAFE ETF
iShares ESG Aware MSCI EM ETF
iShares ESG Aware MSCI USA ETF
iShares ESG Aware MSCI USA
Small-Cap
ETF
iShares ESG MSCI EM Leaders ETF
iShares ESG MSCI USA Leaders ETF
iShares MSCI Argentina and Global Exposure ETF
iShares MSCI Australia ETF
iShares MSCI Austria ETF
iShares MSCI Belgium ETF
iShares MSCI Brazil ETF
iShares MSCI Brazil
Small-Cap
ETF
iShares MSCI BRIC ETF
iShares MSCI Canada ETF
iShares MSCI Chile ETF
iShares MSCI China ETF
iShares MSCI China
Small-Cap
ETF
iShares MSCI Colombia ETF

iShares MSCI Denmark ETF
iShares MSCI Emerging Markets Asia ETF
iShares MSCI Emerging Markets ETF
iShares MSCI Emerging Markets ex China ETF
iShares MSCI Emerging Markets Min Vol Factor ETF
iShares MSCI Emerging Markets Multifactor ETF
iShares MSCI Emerging Markets
Small-Cap
ETF
iShares MSCI Eurozone ETF
iShares MSCI Finland ETF
iShares MSCI France ETF
iShares MSCI Frontier and Select EM ETF
iShares MSCI Germany ETF
iShares MSCI Germany
Small-Cap
ETF
iShares MSCI Global
Agriculture
Producers ETF
iShares MSCI Global Energy Producers ETF
iShares MSCI Global Gold Miners ETF
iShares MSCI Global Metals & Mining Producers ETF
iShares MSCI Global Min Vol Factor ETF
iShares MSCI Global
Silver
and Metals Miners ETF
iShares MSCI Global Sustainable Development Goals ETF
iShares MSCI Hong Kong ETF
iShares MSCI India ETF
iShares MSCI India
Small-Cap
ETF
iShares MSCI Indonesia ETF
iShares MSCI Ireland ETF
iShares MSCI Israel ETF
iShares MSCI Italy ETF
iShares MSCI Japan Equal Weighted ETF
iShares MSCI Japan ETF
iShares MSCI Japan
Small-Cap
ETF
iShares MSCI Japan Value ETF
iShares MSCI Kuwait ETF
iShares MSCI Malaysia ETF
iShares MSCI
Mexico
ETF
iShares MSCI Netherlands ETF
iShares MSCI
New
Zealand ETF
iShares MSCI Norway ETF
iShares MSCI Pacific ex Japan ETF
iShares MSCI Peru ETF
iShares MSCI Philippines ETF
iShares MSCI Poland ETF
iShares MSCI Qatar ETF
iShares MSCI
Russia
ETF

iShares MSCI Saudi Arabia ETF
iShares MSCI Singapore ETF
iShares MSCI South Africa ETF
iShares MSCI South Korea ETF
iShares MSCI Spain ETF
iShares MSCI Sweden ETF
iShares MSCI Switzerland ETF
iShares MSCI Taiwan ETF
iShares MSCI Thailand ETF
iShares MSCI Turkey ETF
iShares MSCI UAE ETF
iShares MSCI United Kingdom ETF
iShares MSCI United Kingdom
Small-Cap
ETF
iShares MSCI USA Equal Weighted ETF
iShares MSCI World ETF
Supplement to the Prospectus and the Statement of Additional Information both dated as of December 20, 2021:
iShares MSCI China Multisector Tech ETF
Supplement to the Prospectus and the Statement of Additional Information both dated as of December 22, 2021:
iShares Paris-Aligned Climate MSCI USA ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
IS-A-PM-0122
 
 
PLEASE RETAIN THIS SUPPLEMENT
FOR FUTURE REFERENCE
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Jan. 03, 2022
iShares
®
iShares, Inc.
iShares Trust
iShares U.S. ETF Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus
both
dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised October 29, 2021):
iShares Commodity Curve Carry Strategy ETF
iShares GSCI Commodity Dynamic Roll Strategy ETF
Supplement to the Summary Prospectus and Prospectus both dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised January 3, 2022):
iShares Bloomberg Roll Select Commodity Strategy ETF
iShares Gold Strategy ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Asia 50 ETF
iShares Emerging Markets Infrastructure ETF
iShares Global 100 ETF
iShares Global Comm Services ETF
iShares Global Consumer Discretionary ETF
iShares Global Healthcare ETF
iShares Global Materials ETF
iShares Global Tech ETF
iShares Global Timber & Forestry ETF
iShares International Dividend Growth ETF
iShares Latin America 40 ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 18, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Clean Energy ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 13, 2021), and to the Statement of
Additional
Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares India 50 ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Biotechnology ETF
iShares Core S&P 500 ETF
iShares Core S&P
Mid-Cap
ETF
iShares Core S&P
Small-Cap
ETF
iShares Core S&P Total U.S. Stock Market ETF
iShares Core S&P U.S. Growth ETF
iShares Core S&P U.S. Value ETF
iShares ESG Screened S&P 500 ETF
iShares ESG Screened S&P
Mid-Cap
ETF
iShares ESG Screened S&P
Small-Cap
ETF
iShares Europe ETF
iShares Expanded Tech Sector ETF
iShares Expanded Tech-Software Sector ETF
iShares Factors US Growth Style ETF
iShares Factors US Value Style ETF
iShares Focused Value Factor ETF
iShares Global Consumer Staples ETF
iShares Global Energy ETF
iShares Global Financials ETF
iShares Global Industrials ETF
iShares Global Infrastructure ETF
iShares Global Utilities ETF
iShares International Developed Property ETF
iShares International Developed Small Cap Value Factor ETF
iShares
JPX-Nikkei
400 ETF
iShares
Micro-Cap
ETF
iShares Mortgage Real Estate ETF
iShares North American Natural Resources ETF
iShares North American Tech-Multimedia Networking ETF
iShares Residential and Multisector Real Estate ETF
iShares Russell 1000 ETF
iShares Russell 1000 Growth ETF
iShares Russell 1000 Value ETF
iShares Russell 2000 ETF
iShares Russell 2000 Growth ETF
iShares Russell 2000 Value ETF
iShares Russell 3000 ETF
iShares Russell
Mid-Cap
ETF
iShares Russell
Mid-Cap
Growth ETF
iShares Russell
Mid-Cap
Value ETF
iShares Russell
T
op 200 ETF
iShares Russell Top 200 Growth ETF
iShares Russell Top 200 Value ETF
iShares S&P 100 ETF
iShares S&P 500 Growth
ETF
iShares S&P 500 Value ETF
iShares S&P
Mid-Cap
400 Growth ETF
iShares S&P
Mid-Cap
400 Value ETF
iShares S&P
Small-Cap
600 Growth
ETF
iShares S&P
Small-Cap
600
Va
lue ETF
iShares Semiconductor ETF
iShares U.S. Aerospace & Defense ETF
iShares U.S. Broker-Dealers & Securities Exchanges ETF
iShares U.S. Healthcare Providers ETF
iShares U.S. Home Construction ETF
iShares U.S. Insurance ETF
iShares U.S. Medical Devices ETF
iShares U.S. Oil & Gas Exploration & Production
ETF
iShares U.S. Oil Equipment & Services
ETF
iShares U.S. Pharmaceuticals
ETF
iShares U.S. Real Estate ETF
iShares U.S. Regional Banks ETF
iShares U.S. Telecommunications
ETF
iShares US Small Cap Value Factor ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 20, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Infrastructure ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 1, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Preferred and Income Securities ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised September 10, 2021):
iShares Currency Hedged
JPX-Nikkei
400 ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell 2500 ETF
Supplement to the Summary Prospectus and
Prospectus
both dated as of
September 
1, 2021, and to the Statement of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):
iShares Asia/Pacific Dividend ETF
iShares Emerging Markets Dividend
ETF
Supplement to the Summary Prospectus and Prospectus
both
dated as of
September 
1, 2021, and to the
Statement
of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):
iShares Global REIT ETF
iShares International Select Dividend ETF
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Cohen & Steers REIT ETF
iShares Core Dividend Growth ETF
iShares Core High Dividend ETF
iShares Core U.S. REIT ETF
iShares Dow Jones U.S. ETF
iShares International Developed Real Estate ETF
iShares Morningstar Growth ETF
iShares Morningstar
Mid-Cap
ETF
iShares Morningstar
Mid-Cap
Growth ETF
iShares Morningstar
Mid-Cap
Value ETF
iShares Morningstar
Small-Cap
ETF
iShares Morningstar
Small-Cap
Growth ETF
iShares Morningstar
Small-Cap
Value ETF
iShares Morningstar U.S. Equity ETF
iShares Morningstar Value ETF
iShares MSCI KLD 400 Social ETF
iShares MSCI USA ESG Select ETF
iShares Select Dividend ETF
iShares U.S. Basic Materials
ETF
iShares U.S. Consumer Discretionary ETF
iShares U.S. Consumer Staples ETF
iShares U.S. Dividend and Buyback ETF
iShares U.S. Energy ETF
iShares U.S. Financial Services ETF
iShares U.S. Financials ETF
iShares U.S. Healthcare ETF
iShares U.S. Industrials
ETF
iShares U.S. Technology ETF
iShares U.S. Transportation ETF
iShares U.S. Utilities
ETF
Supplement to the Summary Prospectus dated as of November 3, 2021, and to
the
Prospectus dated as
of
October 25, 2021, and to the Statement
of
Additional Information dated as of October 25, 2021 (as revised January 3, 2022):
iShares ESG MSCI USA Min Vol Factor ETF
Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021:
iShares Core MSCI Europe
ETF
iShares Core MSCI Pacific
ETF
iShares Currency Hedged MSCI ACWI ex U.S. ETF
iShares Currency Hedged MSCI EAFE ETF
iShares Currency Hedged MSCI EAFE
Small-Cap
ETF
iShares MSCI Kokusai ETF
Supplement to the Prospectus and Statement of Additional Information
both
dated
as
of December 1,
2021
:
iShares Core Aggressive Allocation ETF
iShares Core Conservative Allocation ETF
iShares Core Growth Allocation ETF
iShares Core Moderate Allocation ETF
iShares ESG Aware Aggressive Allocation ETF
iShares ESG Aware Conservative Allocation ETF
iShares ESG Aware Growth Allocation ETF
iShares ESG Aware Moderate Allocation
ETF
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Cloud 5G and Tech ETF
iShares Core MSCI EAFE ETF
iShares Core MSCI International Developed Markets ETF
iShares Core MSCI Total International Stock
ETF
iShares Cybersecurity
and
Tech
ETF
iShares Genomics Immunology and Healthcare
ETF
iShares MSCI ACWI ETF
iShares MSCI ACWI ex U.S. ETF
iShares MSCI ACWI Low Carbon Target ETF
iShares MSCI All Country Asia ex Japan ETF
iShares MSCI China A ETF
iShares MSCI Global Multifactor ETF
iShares Robotics and Artificial Intelligence Multisector ETF
iShares Self-Driving EV and Tech ETF
iShares Virtual Work and Life Multisector ETF
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021 (as revised December 20, 2021), and to the Statement of Additional Information dated as of December 1, 2021 (as revised December 20, 2021):
iShares Exponential Technologies ETF
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares China
Large-Cap
ETF
iShares MSCI EAFE ETF
iShares MSCI EAFE Growth ETF
iShares MSCI EAFE Min Vol Factor ETF
iShares MSCI EAFE
Small-Cap
ETF
iShares MSCI EAFE Value ETF
iShares MSCI Europe Financials ETF
iShares MSCI Europe
Small-Cap
ETF
iShares MSCI Intl Momentum Factor ETF
iShares MSCI Intl Multifactor ETF
iShares MSCI Intl Quality Factor ETF
iShares MSCI Intl Size Factor ETF
iShares MSCI Intl
Small-Cap
Multifactor ETF
iShares MSCI Intl Value Factor ETF
iShares MSCI USA
Mid-Cap
Multifactor ETF
iShares MSCI USA Min Vol Factor ETF
iShares MSCI USA Momentum Factor ETF
iShares MSCI USA Multifactor ETF
iShares MSCI USA Quality Factor ETF
iShares MSCI USA Size Factor ETF
iShares MSCI USA
Small-Cap
Min Vol Factor ETF
iShares MSCI USA
Small-Cap
Multifactor ETF
iShares MSCI USA Value Factor ETF
iShares U.S. Tech Breakthrough
Multisector
ETF
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares Core MSCI Em
ergi
ng Markets ETF
iShares Currency Hedged MSCI Canada ETF
iShares Currency Hedged MSCI Emerging Markets ETF
iShares Currency Hedged MSCI Eurozone ETF
iShares Currency Hedged MSCI Germany ETF
iShares Currency Hedged MSCI Japan ETF
iShares Currency Hedged MSCI United Kingdom ETF
iShares ESG Advanced MSCI EAFE ETF
iShares ESG Advanced MSCI EM ETF
iShares ESG Advanced MSCI USA ETF
iShares ESG Aware MSCI EAFE ETF
iShares ESG Aware MSCI EM ETF
iShares ESG Aware MSCI USA ETF
iShares ESG Aware MSCI USA
Small-Cap
ETF
iShares ESG MSCI EM Leaders ETF
iShares ESG MSCI USA Leaders ETF
iShares MSCI Argentina and Global Exposure ETF
iShares MSCI Australia ETF
iShares MSCI Austria ETF
iShares MSCI Belgium ETF
iShares MSCI Brazil ETF
iShares MSCI Brazil
Small-Cap
ETF
iShares MSCI BRIC ETF
iShares MSCI Canada ETF
iShares MSCI Chile ETF
iShares MSCI China ETF
iShares MSCI China
Small-Cap
ETF
iShares MSCI Colombia ETF
iShares MSCI Denmark ETF
iShares MSCI Emerging Markets Asia ETF
iShares MSCI Emerging Markets ETF
iShares MSCI Emerging Markets ex China ETF
iShares MSCI Emerging Markets Min Vol Factor ETF
iShares MSCI Emerging Markets Multifactor ETF
iShares MSCI Emerging Markets
Small-Cap
ETF
iShares MSCI Eurozone ETF
iShares MSCI Finland ETF
iShares MSCI France ETF
iShares MSCI Frontier and Select EM ETF
iShares MSCI Germany ETF
iShares MSCI Germany
Small-Cap
ETF
iShares MSCI Global
Agriculture
Producers ETF
iShares MSCI Global Energy Producers ETF
iShares MSCI Global Gold Miners ETF
iShares MSCI Global Metals & Mining Producers ETF
iShares MSCI Global Min Vol Factor ETF
iShares MSCI Global
Silver
and Metals Miners ETF
iShares MSCI Global Sustainable Development Goals ETF
iShares MSCI Hong Kong ETF
iShares MSCI India ETF
iShares MSCI India
Small-Cap
ETF
iShares MSCI Indonesia ETF
iShares MSCI Ireland ETF
iShares MSCI Israel ETF
iShares MSCI Italy ETF
iShares MSCI Japan Equal Weighted ETF
iShares MSCI Japan ETF
iShares MSCI Japan
Small-Cap
ETF
iShares MSCI Japan Value ETF
iShares MSCI Kuwait ETF
iShares MSCI Malaysia ETF
iShares MSCI
Mexico
ETF
iShares MSCI Netherlands ETF
iShares MSCI
New
Zealand ETF
iShares MSCI Norway ETF
iShares MSCI Pacific ex Japan ETF
iShares MSCI Peru ETF
iShares MSCI Philippines ETF
iShares MSCI Poland ETF
iShares MSCI Qatar ETF
iShares MSCI
Russia
ETF
iShares MSCI Saudi Arabia ETF
iShares MSCI Singapore ETF
iShares MSCI South Africa ETF
iShares MSCI South Korea ETF
iShares MSCI Spain ETF
iShares MSCI Sweden ETF
iShares MSCI Switzerland ETF
iShares MSCI Taiwan ETF
iShares MSCI Thailand ETF
iShares MSCI Turkey ETF
iShares MSCI UAE ETF
iShares MSCI United Kingdom ETF
iShares MSCI United Kingdom
Small-Cap
ETF
iShares MSCI USA Equal Weighted ETF
iShares MSCI World ETF
Supplement to the Prospectus and the Statement of Additional Information both dated as of December 20, 2021:
iShares MSCI China Multisector Tech ETF
Supplement to the Prospectus and the Statement of Additional Information both dated as of December 22, 2021:
iShares Paris-Aligned Climate MSCI USA ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
XML 9 R3.htm IDEA: XBRL DOCUMENT v3.21.4
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
iShares Trust
iShares U.S. ETF Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus
both
dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised October 29, 2021):
iShares Commodity Curve Carry Strategy ETF
iShares GSCI Commodity Dynamic Roll Strategy ETF
Supplement to the Summary Prospectus and Prospectus both dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised January 3, 2022):
iShares Bloomberg Roll Select Commodity Strategy ETF
iShares Gold Strategy ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Asia 50 ETF
iShares Emerging Markets Infrastructure ETF
iShares Global 100 ETF
iShares Global Comm Services ETF
iShares Global Consumer Discretionary ETF
iShares Global Healthcare ETF
iShares Global Materials ETF
iShares Global Tech ETF
iShares Global Timber & Forestry ETF
iShares International Dividend Growth ETF
iShares Latin America 40 ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 18, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Clean Energy ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 13, 2021), and to the Statement of
Additional
Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares India 50 ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Biotechnology ETF
iShares Core S&P 500 ETF
iShares Core S&P
Mid-Cap
ETF
iShares Core S&P
Small-Cap
ETF
iShares Core S&P Total U.S. Stock Market ETF
iShares Core S&P U.S. Growth ETF
iShares Core S&P U.S. Value ETF
iShares ESG Screened S&P 500 ETF
iShares ESG Screened S&P
Mid-Cap
ETF
iShares ESG Screened S&P
Small-Cap
ETF
iShares Europe ETF
iShares Expanded Tech Sector ETF
iShares Expanded Tech-Software Sector ETF
iShares Factors US Growth Style ETF
iShares Factors US Value Style ETF
iShares Focused Value Factor ETF
iShares Global Consumer Staples ETF
iShares Global Energy ETF
iShares Global Financials ETF
iShares Global Industrials ETF
iShares Global Infrastructure ETF
iShares Global Utilities ETF
iShares International Developed Property ETF
iShares International Developed Small Cap Value Factor ETF
iShares
JPX-Nikkei
400 ETF
iShares
Micro-Cap
ETF
iShares Mortgage Real Estate ETF
iShares North American Natural Resources ETF
iShares North American Tech-Multimedia Networking ETF
iShares Residential and Multisector Real Estate ETF
iShares Russell 1000 ETF
iShares Russell 1000 Growth ETF
iShares Russell 1000 Value ETF
iShares Russell 2000 ETF
iShares Russell 2000 Growth ETF
iShares Russell 2000 Value ETF
iShares Russell 3000 ETF
iShares Russell
Mid-Cap
ETF
iShares Russell
Mid-Cap
Growth ETF
iShares Russell
Mid-Cap
Value ETF
iShares Russell
T
op 200 ETF
iShares Russell Top 200 Growth ETF
iShares Russell Top 200 Value ETF
iShares S&P 100 ETF
iShares S&P 500 Growth
ETF
iShares S&P 500 Value ETF
iShares S&P
Mid-Cap
400 Growth ETF
iShares S&P
Mid-Cap
400 Value ETF
iShares S&P
Small-Cap
600 Growth
ETF
iShares S&P
Small-Cap
600
Va
lue ETF
iShares Semiconductor ETF
iShares U.S. Aerospace & Defense ETF
iShares U.S. Broker-Dealers & Securities Exchanges ETF
iShares U.S. Healthcare Providers ETF
iShares U.S. Home Construction ETF
iShares U.S. Insurance ETF
iShares U.S. Medical Devices ETF
iShares U.S. Oil & Gas Exploration & Production
ETF
iShares U.S. Oil Equipment & Services
ETF
iShares U.S. Pharmaceuticals
ETF
iShares U.S. Real Estate ETF
iShares U.S. Regional Banks ETF
iShares U.S. Telecommunications
ETF
iShares US Small Cap Value Factor ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 20, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Infrastructure ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 1, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Preferred and Income Securities ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised September 10, 2021):
iShares Currency Hedged
JPX-Nikkei
400 ETF
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell 2500 ETF
Supplement to the Summary Prospectus and
Prospectus
both dated as of
September 
1, 2021, and to the Statement of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):
iShares Asia/Pacific Dividend ETF
iShares Emerging Markets Dividend
ETF
Supplement to the Summary Prospectus and Prospectus
both
dated as of
September 
1, 2021, and to the
Statement
of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):
iShares Global REIT ETF
iShares International Select Dividend ETF
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Cohen & Steers REIT ETF
iShares Core Dividend Growth ETF
iShares Core High Dividend ETF
iShares Core U.S. REIT ETF
iShares Dow Jones U.S. ETF
iShares International Developed Real Estate ETF
iShares Morningstar Growth ETF
iShares Morningstar
Mid-Cap
ETF
iShares Morningstar
Mid-Cap
Growth ETF
iShares Morningstar
Mid-Cap
Value ETF
iShares Morningstar
Small-Cap
ETF
iShares Morningstar
Small-Cap
Growth ETF
iShares Morningstar
Small-Cap
Value ETF
iShares Morningstar U.S. Equity ETF
iShares Morningstar Value ETF
iShares MSCI KLD 400 Social ETF
iShares MSCI USA ESG Select ETF
iShares Select Dividend ETF
iShares U.S. Basic Materials
ETF
iShares U.S. Consumer Discretionary ETF
iShares U.S. Consumer Staples ETF
iShares U.S. Dividend and Buyback ETF
iShares U.S. Energy ETF
iShares U.S. Financial Services ETF
iShares U.S. Financials ETF
iShares U.S. Healthcare ETF
iShares U.S. Industrials
ETF
iShares U.S. Technology ETF
iShares U.S. Transportation ETF
iShares U.S. Utilities
ETF
Supplement to the Summary Prospectus dated as of November 3, 2021, and to
the
Prospectus dated as
of
October 25, 2021, and to the Statement
of
Additional Information dated as of October 25, 2021 (as revised January 3, 2022):
iShares ESG MSCI USA Min Vol Factor ETF
Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021:
iShares Core MSCI Europe
ETF
iShares Core MSCI Pacific
ETF
iShares Currency Hedged MSCI ACWI ex U.S. ETF
iShares Currency Hedged MSCI EAFE ETF
iShares Currency Hedged MSCI EAFE
Small-Cap
ETF
iShares MSCI Kokusai ETF
Supplement to the Prospectus and Statement of Additional Information
both
dated
as
of December 1,
2021
:
iShares Core Aggressive Allocation ETF
iShares Core Conservative Allocation ETF
iShares Core Growth Allocation ETF
iShares Core Moderate Allocation ETF
iShares ESG Aware Aggressive Allocation ETF
iShares ESG Aware Conservative Allocation ETF
iShares ESG Aware Growth Allocation ETF
iShares ESG Aware Moderate Allocation
ETF
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Cloud 5G and Tech ETF
iShares Core MSCI EAFE ETF
iShares Core MSCI International Developed Markets ETF
iShares Core MSCI Total International Stock
ETF
iShares Cybersecurity
and
Tech
ETF
iShares Genomics Immunology and Healthcare
ETF
iShares MSCI ACWI ETF
iShares MSCI ACWI ex U.S. ETF
iShares MSCI ACWI Low Carbon Target ETF
iShares MSCI All Country Asia ex Japan ETF
iShares MSCI China A ETF
iShares MSCI Global Multifactor ETF
iShares Robotics and Artificial Intelligence Multisector ETF
iShares Self-Driving EV and Tech ETF
iShares Virtual Work and Life Multisector ETF
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021 (as revised December 20, 2021), and to the Statement of Additional Information dated as of December 1, 2021 (as revised December 20, 2021):
iShares Exponential Technologies ETF
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares China
Large-Cap
ETF
iShares MSCI EAFE ETF
iShares MSCI EAFE Growth ETF
iShares MSCI EAFE Min Vol Factor ETF
iShares MSCI EAFE
Small-Cap
ETF
iShares MSCI EAFE Value ETF
iShares MSCI Europe Financials ETF
iShares MSCI Europe
Small-Cap
ETF
iShares MSCI Intl Momentum Factor ETF
iShares MSCI Intl Multifactor ETF
iShares MSCI Intl Quality Factor ETF
iShares MSCI Intl Size Factor ETF
iShares MSCI Intl
Small-Cap
Multifactor ETF
iShares MSCI Intl Value Factor ETF
iShares MSCI USA
Mid-Cap
Multifactor ETF
iShares MSCI USA Min Vol Factor ETF
iShares MSCI USA Momentum Factor ETF
iShares MSCI USA Multifactor ETF
iShares MSCI USA Quality Factor ETF
iShares MSCI USA Size Factor ETF
iShares MSCI USA
Small-Cap
Min Vol Factor ETF
iShares MSCI USA
Small-Cap
Multifactor ETF
iShares MSCI USA Value Factor ETF
iShares U.S. Tech Breakthrough
Multisector
ETF
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares Core MSCI Em
ergi
ng Markets ETF
iShares Currency Hedged MSCI Canada ETF
iShares Currency Hedged MSCI Emerging Markets ETF
iShares Currency Hedged MSCI Eurozone ETF
iShares Currency Hedged MSCI Germany ETF
iShares Currency Hedged MSCI Japan ETF
iShares Currency Hedged MSCI United Kingdom ETF
iShares ESG Advanced MSCI EAFE ETF
iShares ESG Advanced MSCI EM ETF
iShares ESG Advanced MSCI USA ETF
iShares ESG Aware MSCI EAFE ETF
iShares ESG Aware MSCI EM ETF
iShares ESG Aware MSCI USA ETF
iShares ESG Aware MSCI USA
Small-Cap
ETF
iShares ESG MSCI EM Leaders ETF
iShares ESG MSCI USA Leaders ETF
iShares MSCI Argentina and Global Exposure ETF
iShares MSCI Australia ETF
iShares MSCI Austria ETF
iShares MSCI Belgium ETF
iShares MSCI Brazil ETF
iShares MSCI Brazil
Small-Cap
ETF
iShares MSCI BRIC ETF
iShares MSCI Canada ETF
iShares MSCI Chile ETF
iShares MSCI China ETF
iShares MSCI China
Small-Cap
ETF
iShares MSCI Colombia ETF
iShares MSCI Denmark ETF
iShares MSCI Emerging Markets Asia ETF
iShares MSCI Emerging Markets ETF
iShares MSCI Emerging Markets ex China ETF
iShares MSCI Emerging Markets Min Vol Factor ETF
iShares MSCI Emerging Markets Multifactor ETF
iShares MSCI Emerging Markets
Small-Cap
ETF
iShares MSCI Eurozone ETF
iShares MSCI Finland ETF
iShares MSCI France ETF
iShares MSCI Frontier and Select EM ETF
iShares MSCI Germany ETF
iShares MSCI Germany
Small-Cap
ETF
iShares MSCI Global
Agriculture
Producers ETF
iShares MSCI Global Energy Producers ETF
iShares MSCI Global Gold Miners ETF
iShares MSCI Global Metals & Mining Producers ETF
iShares MSCI Global Min Vol Factor ETF
iShares MSCI Global
Silver
and Metals Miners ETF
iShares MSCI Global Sustainable Development Goals ETF
iShares MSCI Hong Kong ETF
iShares MSCI India ETF
iShares MSCI India
Small-Cap
ETF
iShares MSCI Indonesia ETF
iShares MSCI Ireland ETF
iShares MSCI Israel ETF
iShares MSCI Italy ETF
iShares MSCI Japan Equal Weighted ETF
iShares MSCI Japan ETF
iShares MSCI Japan
Small-Cap
ETF
iShares MSCI Japan Value ETF
iShares MSCI Kuwait ETF
iShares MSCI Malaysia ETF
iShares MSCI
Mexico
ETF
iShares MSCI Netherlands ETF
iShares MSCI
New
Zealand ETF
iShares MSCI Norway ETF
iShares MSCI Pacific ex Japan ETF
iShares MSCI Peru ETF
iShares MSCI Philippines ETF
iShares MSCI Poland ETF
iShares MSCI Qatar ETF
iShares MSCI
Russia
ETF
iShares MSCI Saudi Arabia ETF
iShares MSCI Singapore ETF
iShares MSCI South Africa ETF
iShares MSCI South Korea ETF
iShares MSCI Spain ETF
iShares MSCI Sweden ETF
iShares MSCI Switzerland ETF
iShares MSCI Taiwan ETF
iShares MSCI Thailand ETF
iShares MSCI Turkey ETF
iShares MSCI UAE ETF
iShares MSCI United Kingdom ETF
iShares MSCI United Kingdom
Small-Cap
ETF
iShares MSCI USA Equal Weighted ETF
iShares MSCI World ETF
Supplement to the Prospectus and the Statement of Additional Information both dated as of December 20, 2021:
iShares MSCI China Multisector Tech ETF
Supplement to the Prospectus and the Statement of Additional Information both dated as of December 22, 2021:
iShares Paris-Aligned Climate MSCI USA ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares Asia/Pacific Dividend ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of
September 
1, 2021, and to the Statement of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):
iShares Asia/Pacific Dividend ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares Emerging Markets Dividend ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of
September 
1, 2021, and to the Statement of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):
iShares Emerging Markets Dividend
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares Core MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares Core MSCI Em
ergi
ng Markets ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares Currency Hedged MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares Currency Hedged MSCI Emerging Markets ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares ESG Aware MSCI EM ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares ESG Aware MSCI EM ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Australia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Australia ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Austria ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Austria ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Belgium ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Belgium ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Brazil ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Brazil ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI BRIC ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI BRIC ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Canada ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Canada ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Chile ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Chile ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Colombia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Colombia ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets Asia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Emerging Markets Asia ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Emerging Markets ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets ex China ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Emerging Markets ex China ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets Min Vol Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Emerging Markets Min Vol Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets Multifactor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Emerging Markets Multifactor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Emerging Markets
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Eurozone ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Eurozone ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI France ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI France ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Frontier and Select EM ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Frontier and Select EM ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Germany ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Germany ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Agriculture Producers ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Global
Agriculture
Producers ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Energy Producers ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Global Energy Producers ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Gold Miners ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Global Gold Miners ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Metals & Mining Producers ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Global Metals & Mining Producers ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Min Vol Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Global Min Vol Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Silver and Metals Miners ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Global
Silver
and Metals Miners ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Hong Kong ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Hong Kong ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Israel ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Israel ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Italy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Italy ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Japan ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Japan ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Japan Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Japan
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Malaysia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Malaysia ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Mexico ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI
Mexico
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Netherlands ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Netherlands ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Pacific ex Japan ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Pacific ex Japan ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Russia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI
Russia
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Singapore ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Singapore ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI South Africa ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI South Africa ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI South Korea ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI South Korea ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Spain ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Spain ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Sweden ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Sweden ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Switzerland ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Switzerland ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Taiwan ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Taiwan ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Thailand ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Thailand ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Turkey ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Turkey ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI USA Equal Weighted ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI USA Equal Weighted ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI World ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares, Inc.
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI World ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Asia 50 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Asia 50 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Emerging Markets Infrastructure ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Emerging Markets Infrastructure ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global 100 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global 100 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Comm Services ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Comm Services ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Consumer Discretionary ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Consumer Discretionary ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Healthcare ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Healthcare ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Materials ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Materials ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Tech ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Tech ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Timber & Forestry ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Timber & Forestry ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares International Dividend Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares International Dividend Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Latin America 40 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Latin America 40 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Clean Energy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 18, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Clean Energy ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares India 50 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 13, 2021), and to the Statement of
Additional
Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares India 50 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Biotechnology ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Biotechnology ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core S&P 500 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Core S&P 500 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core S&P Mid-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Core S&P
Mid-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core S&P Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Core S&P
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core S&P Total U.S. Stock Market ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Core S&P Total U.S. Stock Market ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core S&P U.S. Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Core S&P U.S. Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core S&P U.S. Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Core S&P U.S. Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Screened S&P 500 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares ESG Screened S&P 500 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Screened S&P Mid-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares ESG Screened S&P
Mid-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Screened S&P Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares ESG Screened S&P
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Europe ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Europe ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Expanded Tech Sector ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Expanded Tech Sector ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Expanded Tech-Software Sector ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Expanded Tech-Software Sector ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Factors US Growth Style ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Factors US Growth Style ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Factors US Value Style ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Factors US Value Style ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Focused Value Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Focused Value Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Consumer Staples ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Consumer Staples ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Energy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Energy ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Financials ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Financials ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Industrials ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Industrials ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Infrastructure ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Infrastructure ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Utilities ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Global Utilities ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares International Developed Property ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares International Developed Property ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares International Developed Small Cap Value Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares International Developed Small Cap Value Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares JPX-Nikkei 400 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares
JPX-Nikkei
400 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Micro-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares
Micro-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Mortgage Real Estate ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Mortgage Real Estate ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares North American Natural Resources ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares North American Natural Resources ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares North American Tech-Multimedia Networking ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares North American Tech-Multimedia Networking ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Residential and Multisector Real Estate ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Residential and Multisector Real Estate ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell 1000 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell 1000 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell 1000 Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell 1000 Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell 1000 Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell 1000 Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell 2000 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell 2000 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell 2000 Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell 2000 Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell 2000 Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell 2000 Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell 3000 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell 3000 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell Mid-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell
Mid-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell Mid-Cap Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell
Mid-Cap
Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell Mid-Cap Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell
Mid-Cap
Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell Top 200 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell
T
op 200 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell Top 200 Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell Top 200 Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell Top 200 Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell Top 200 Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares S&P 100 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares S&P 100 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares S&P 500 Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares S&P 500 Growth
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares S&P 500 Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares S&P 500 Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares S&P Mid-Cap 400 Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares S&P
Mid-Cap
400 Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares S&P Mid-Cap 400 Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares S&P
Mid-Cap
400 Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares S&P Small-Cap 600 Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares S&P
Small-Cap
600 Growth
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares S&P Small-Cap 600 Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares S&P
Small-Cap
600
Va
lue ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Semiconductor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Semiconductor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Aerospace & Defense ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Aerospace & Defense ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Broker-Dealers & Securities Exchanges ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Broker-Dealers & Securities Exchanges ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Healthcare Providers ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Healthcare Providers ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Home Construction ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Home Construction ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Insurance ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Insurance ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Medical Devices ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Medical Devices ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Oil & Gas Exploration & Production ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Oil & Gas Exploration & Production
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Oil Equipment & Services ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Oil Equipment & Services
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Pharmaceuticals ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Pharmaceuticals
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Real Estate ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Real Estate ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Regional Banks ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Regional Banks ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Telecommunications ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Telecommunications
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares US Small Cap Value Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares US Small Cap Value Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Infrastructure ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 20, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares U.S. Infrastructure ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Preferred and Income Securities ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 1, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Preferred and Income Securities ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Currency Hedged JPX-Nikkei 400 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised September 10, 2021):
iShares Currency Hedged
JPX-Nikkei
400 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Russell 2500 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):
iShares Russell 2500 ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global REIT ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus
both
dated as of
September 
1, 2021, and to the
Statement
of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):
iShares Global REIT ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares International Select Dividend ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus
both
dated as of
September 
1, 2021, and to the
Statement
of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):
iShares International Select Dividend ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Cohen & Steers REIT ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Cohen & Steers REIT ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core Dividend Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Core Dividend Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core High Dividend ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Core High Dividend ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core U.S. REIT ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Core U.S. REIT ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Dow Jones U.S. ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Dow Jones U.S. ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares International Developed Real Estate ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares International Developed Real Estate ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Morningstar Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Morningstar Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Morningstar Mid-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Morningstar
Mid-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Morningstar Mid-Cap Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Morningstar
Mid-Cap
Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Morningstar Mid-Cap Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Morningstar
Mid-Cap
Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Morningstar Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Morningstar
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Morningstar Small-Cap Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Morningstar
Small-Cap
Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Morningstar Small-Cap Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Morningstar
Small-Cap
Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Morningstar U.S. Equity ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Morningstar U.S. Equity ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Morningstar Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Morningstar Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI KLD 400 Social ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares MSCI KLD 400 Social ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI USA ESG Select ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares MSCI USA ESG Select ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Select Dividend ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares Select Dividend ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Basic Materials ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Basic Materials
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Consumer Discretionary ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Consumer Discretionary ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Consumer Staples ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Consumer Staples ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Dividend and Buyback ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Dividend and Buyback ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Energy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Energy ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Financial Services ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Financial Services ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Financials ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Financials ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Healthcare ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Healthcare ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Industrials ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Industrials
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Technology ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Technology ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Transportation ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Transportation ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Utilities ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and
Prospectus
both dated as of September 1,
2021
,
and
to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):
iShares U.S. Utilities
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG MSCI USA Min Vol Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus dated as of November 3, 2021, and to
the
Prospectus dated as
of
October 25, 2021, and to the Statement
of
Additional Information dated as of October 25, 2021 (as revised January 3, 2022):
iShares ESG MSCI USA Min Vol Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core MSCI Europe ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021:
iShares Core MSCI Europe
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core MSCI Pacific ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021:
iShares Core MSCI Pacific
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Currency Hedged MSCI ACWI ex U.S. ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021:
iShares Currency Hedged MSCI ACWI ex U.S. ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Currency Hedged MSCI EAFE ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021:
iShares Currency Hedged MSCI EAFE ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Currency Hedged MSCI EAFE Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021:
iShares Currency Hedged MSCI EAFE
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Kokusai ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021:
iShares MSCI Kokusai ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core Aggressive Allocation ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Prospectus and Statement of Additional Information
both
dated
as
of December 1,
2021
:
iShares Core Aggressive Allocation ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core Conservative Allocation ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Prospectus and Statement of Additional Information
both
dated
as
of December 1,
2021
:
iShares Core Conservative Allocation ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core Growth Allocation ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Prospectus and Statement of Additional Information
both
dated
as
of December 1,
2021
:
iShares Core Growth Allocation ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core Moderate Allocation ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Prospectus and Statement of Additional Information
both
dated
as
of December 1,
2021
:
iShares Core Moderate Allocation ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Aware Aggressive Allocation ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Prospectus and Statement of Additional Information
both
dated
as
of December 1,
2021
:
iShares ESG Aware Aggressive Allocation ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Aware Conservative Allocation ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Prospectus and Statement of Additional Information
both
dated
as
of December 1,
2021
:
iShares ESG Aware Conservative Allocation ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Aware Growth Allocation ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Prospectus and Statement of Additional Information
both
dated
as
of December 1,
2021
:
iShares ESG Aware Growth Allocation ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Aware Moderate Allocation ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Prospectus and Statement of Additional Information
both
dated
as
of December 1,
2021
:
iShares ESG Aware Moderate Allocation
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Cloud 5G and Tech ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Cloud 5G and Tech ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core MSCI EAFE ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Core MSCI EAFE ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core MSCI International Developed Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Core MSCI International Developed Markets ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core MSCI Total International Stock ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Core MSCI Total International Stock
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Cybersecurity and Tech ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Cybersecurity
and
Tech
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Genomics Immunology and Healthcare ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Genomics Immunology and Healthcare
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI ACWI ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares MSCI ACWI ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI ACWI ex U.S. ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares MSCI ACWI ex U.S. ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI ACWI Low Carbon Target ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares MSCI ACWI Low Carbon Target ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI All Country Asia ex Japan ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares MSCI All Country Asia ex Japan ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI China A ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares MSCI China A ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Global Multifactor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares MSCI Global Multifactor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Robotics and Artificial Intelligence Multisector ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Robotics and Artificial Intelligence Multisector ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Self-Driving EV and Tech ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Self-Driving EV and Tech ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Virtual Work and Life Multisector ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,
and
to the
Statement
of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):
iShares Virtual Work and Life Multisector ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Exponential Technologies ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021 (as revised December 20, 2021), and to the Statement of Additional Information dated as of December 1, 2021 (as revised December 20, 2021):
iShares Exponential Technologies ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares China Large-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares China
Large-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI EAFE ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI EAFE ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI EAFE Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI EAFE Growth ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI EAFE Min Vol Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI EAFE Min Vol Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI EAFE Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI EAFE
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI EAFE Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI EAFE Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Europe Financials ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI Europe Financials ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Europe Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI Europe
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Intl Momentum Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI Intl Momentum Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Intl Multifactor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI Intl Multifactor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Intl Quality Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI Intl Quality Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Intl Size Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI Intl Size Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Intl Small-Cap Multifactor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI Intl
Small-Cap
Multifactor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Intl Value Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI Intl Value Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI USA Mid-Cap Multifactor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI USA
Mid-Cap
Multifactor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI USA Min Vol Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI USA Min Vol Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI USA Momentum Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI USA Momentum Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI USA Multifactor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI USA Multifactor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI USA Quality Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI USA Quality Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI USA Size Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI USA Size Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI USA Small-Cap Min Vol Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI USA
Small-Cap
Min Vol Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI USA Small-Cap Multifactor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI USA
Small-Cap
Multifactor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI USA Value Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares MSCI USA Value Factor ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Tech Breakthrough Multisector ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the
Statement
of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):
iShares U.S. Tech Breakthrough
Multisector
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Currency Hedged MSCI Canada ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares Currency Hedged MSCI Canada ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Currency Hedged MSCI Eurozone ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares Currency Hedged MSCI Eurozone ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Currency Hedged MSCI Germany ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares Currency Hedged MSCI Germany ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Currency Hedged MSCI Japan ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares Currency Hedged MSCI Japan ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Currency Hedged MSCI United Kingdom ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares Currency Hedged MSCI United Kingdom ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Advanced MSCI EAFE ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares ESG Advanced MSCI EAFE ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Advanced MSCI EM ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares ESG Advanced MSCI EM ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Advanced MSCI USA ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares ESG Advanced MSCI USA ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Aware MSCI EAFE ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares ESG Aware MSCI EAFE ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Aware MSCI USA ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares ESG Aware MSCI USA ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Aware MSCI USA Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares ESG Aware MSCI USA
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG MSCI EM Leaders ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares ESG MSCI EM Leaders ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG MSCI USA Leaders ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares ESG MSCI USA Leaders ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Argentina and Global Exposure ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Argentina and Global Exposure ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Brazil Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Brazil
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI China ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI China ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI China Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI China
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Denmark ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Denmark ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Finland ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Finland ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Germany Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Germany
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Global Sustainable Development Goals ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Global Sustainable Development Goals ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI India ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI India ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI India Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI India
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Indonesia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Indonesia ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Ireland ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Ireland ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Japan Equal Weighted ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Japan Equal Weighted ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Japan Value ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Japan Value ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Kuwait ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Kuwait ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI New Zealand ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI
New
Zealand ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Norway ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Norway ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Peru ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Peru ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Philippines ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Philippines ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Poland ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Poland ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Qatar ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Qatar ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Saudi Arabia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI Saudi Arabia ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI UAE ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI UAE ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI United Kingdom ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI United Kingdom ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI United Kingdom Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus, Prospectus and Statement of Additional
Information
each dated as of December 30, 2021:
iShares MSCI United Kingdom
Small-Cap
ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI China Multisector Tech ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Prospectus and the Statement of Additional Information both dated as of December 20, 2021:
iShares MSCI China Multisector Tech ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Paris-Aligned Climate MSCI USA ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Prospectus and the Statement of Additional Information both dated as of December 22, 2021:
iShares Paris-Aligned Climate MSCI USA ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares U.S. ETF Trust | iShares Commodity Curve Carry Strategy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares U.S. ETF Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus
both
dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised October 29, 2021):
iShares Commodity Curve Carry Strategy ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares U.S. ETF Trust | iShares GSCI Commodity Dynamic Roll Strategy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares U.S. ETF Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus
both
dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised October 29, 2021):
iShares GSCI Commodity Dynamic Roll Strategy ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares U.S. ETF Trust | iShares Bloomberg Roll Select Commodity Strategy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares U.S. ETF Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised January 3, 2022):
iShares Bloomberg Roll Select Commodity Strategy ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares U.S. ETF Trust | iShares Gold Strategy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares
®
iShares U.S. ETF Trust
Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and
Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund.
The following changes for the Fund went effective on January 1, 2022.
As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.    
The other Portfolio Managers for each Fund will continue to be primarily responsible for the
day-to-day
management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.
In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:
Appendix A
Supplement to the Summary Prospectus and Prospectus both dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised January 3, 2022):
iShares Gold Strategy ETF
If you have any questions, please call
1-800-iShares
(1-800-474-2737).
 
iShares
®
 is a registered trademark of BlackRock Fund Advisors and its affiliates.
XML 10 R4.htm IDEA: XBRL DOCUMENT v3.21.4
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName iSHARES TRUST
Prospectus Date rr_ProspectusDate Jan. 03, 2022
Document Creation Date dei_DocumentCreationDate Dec. 30, 2021
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0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares U.S. ETF Trust </div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus <div style="display:inline;">both </div>dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised October 29, 2021): </div></div> <div><div style="font-family: arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">iShares Commodity Curve Carry Strategy ETF </div></div></div><div style="font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares GSCI Commodity Dynamic Roll Strategy ETF </div></div></div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Bloomberg Roll Select Commodity Strategy ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Gold Strategy ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Asia 50 ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Emerging Markets Infrastructure ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global 100 ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Comm Services ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Consumer Discretionary ETF </div> <div style="margin-top:0pt; 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margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Clean Energy ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 13, 2021), and to the Statement of <div style="letter-spacing: 0px; top: 0px;display:inline;">Additional </div>Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares India 50 ETF </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; 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font-family:arial">iShares Russell <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> Growth ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> Value ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell <div style="letter-spacing: 0px; top: 0px;display:inline;">T</div>op 200 ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell Top 200 Growth ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell Top 200 Value ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P 100 ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P 500 Growth <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P 500 Value ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> 400 Growth ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> 400 Value ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> 600 Growth <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> 600 <div style="letter-spacing: 0px; top: 0px;display:inline;">Va</div>lue ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Semiconductor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Aerospace &amp; Defense ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Broker-Dealers &amp; Securities Exchanges ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Healthcare Providers ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Home Construction ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Insurance ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Medical Devices ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Oil &amp; Gas Exploration &amp; Production <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Oil Equipment &amp; Services <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Pharmaceuticals <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Real Estate ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Regional Banks ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Telecommunications <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares US Small Cap Value Factor ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 20, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Infrastructure ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 1, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Preferred and Income Securities ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised September 10, 2021): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">JPX-Nikkei</div> 400 ETF </div> <div style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell 2500 ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of <div style="letter-spacing: 0px; top: 0px;display:inline;">September </div>1, 2021, and to the Statement of Additional Information dated as of September 1, 2021 (as revised September 10, 2021): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Asia/Pacific Dividend ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Emerging Markets Dividend <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div>dated as of <div style="letter-spacing: 0px; top: 0px;display:inline;">September </div>1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of September 1, 2021 (as revised September 10, 2021): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global REIT ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares International Select Dividend ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Cohen &amp; Steers REIT ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core Dividend Growth ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core High Dividend ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core U.S. REIT ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Dow Jones U.S. ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares International Developed Real Estate ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar Growth ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> Growth ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> Value ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> Growth ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> Value ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar U.S. Equity ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar Value ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI KLD 400 Social ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA ESG Select ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Select Dividend ETF </div> <div style="margin-top:1em; margin-bottom:0em; page-break-before:always"> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Basic Materials <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Consumer Discretionary ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Consumer Staples ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Dividend and Buyback ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Energy ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Financial Services ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Financials ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Healthcare ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Industrials <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Technology ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Transportation ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Utilities <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus dated as of November 3, 2021, and to <div style="display:inline;">the </div>Prospectus dated as <div style="display:inline;">of </div>October 25, 2021, and to the Statement <div style="display:inline;">of </div>Additional Information dated as of October 25, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG MSCI USA Min Vol Factor ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021: </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI Europe <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI Pacific <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI ACWI ex U.S. ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI EAFE ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI EAFE <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Kokusai ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and Statement of Additional Information <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div><div style="letter-spacing: 0px; top: 0px;display:inline;">dated </div><div style="letter-spacing: 0px; top: 0px;display:inline;">as </div>of December 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>: </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core Aggressive Allocation ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core Conservative Allocation ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core Growth Allocation ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core Moderate Allocation ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware Aggressive Allocation ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware Conservative Allocation ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware Growth Allocation ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware Moderate Allocation <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Cloud 5G and Tech ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI EAFE ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI International Developed Markets ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI Total International Stock <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Cybersecurity <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>Tech <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Genomics Immunology and Healthcare <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI ACWI ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI ACWI ex U.S. ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI ACWI Low Carbon Target ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI All Country Asia ex Japan ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI China A ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Multifactor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Robotics and Artificial Intelligence Multisector ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Self-Driving EV and Tech ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Virtual Work and Life Multisector ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021 (as revised December 20, 2021), and to the Statement of Additional Information dated as of December 1, 2021 (as revised December 20, 2021): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Exponential Technologies ETF </div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares China <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Large-Cap</div> ETF </div> <div style="margin-bottom: 0px; break-before: page; margin-top: 0pt; line-height: 12pt;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">iShares MSCI EAFE ETF</div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI EAFE Growth ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI EAFE Min Vol Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI EAFE <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI EAFE Value ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Europe Financials ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Europe <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl Momentum Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl Multifactor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl Quality Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl Size Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> Multifactor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl Value Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> Multifactor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Min Vol Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Momentum Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Multifactor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Quality Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Size Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> Min Vol Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> Multifactor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Value Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Tech Breakthrough <div style="display:inline;">Multisector </div>ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI Em<div style="display:inline;">ergi</div>ng Markets ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI Canada ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI Emerging Markets ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI Eurozone ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI Germany ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI Japan ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI United Kingdom ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Advanced MSCI EAFE ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Advanced MSCI EM ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Advanced MSCI USA ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware MSCI EAFE ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware MSCI EM ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware MSCI USA ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware MSCI USA <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG MSCI EM Leaders ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG MSCI USA Leaders ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Argentina and Global Exposure ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Australia ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Austria ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Belgium ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Brazil ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Brazil <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI BRIC ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Canada ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Chile ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI China ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI China <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Colombia ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Denmark ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets Asia ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets ex China ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets Min Vol Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets Multifactor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Eurozone ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Finland ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI France ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Frontier and Select EM ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Germany ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Germany <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global <div style="display:inline;">Agriculture </div>Producers ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Energy Producers ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Gold Miners ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Metals &amp; Mining Producers ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Min Vol Factor ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global <div style="display:inline;">Silver </div>and Metals Miners ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Sustainable Development Goals ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Hong Kong ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI India ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI India <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Indonesia ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Ireland ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Israel ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Italy ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Japan Equal Weighted ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Japan ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Japan <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Japan Value ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Kuwait ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Malaysia ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI <div style="display:inline;">Mexico </div>ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Netherlands ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI <div style="display:inline;">New </div>Zealand ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Norway ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Pacific ex Japan ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Peru ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Philippines ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Poland ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Qatar ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI <div style="display:inline;">Russia </div>ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Saudi Arabia ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Singapore ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI South Africa ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI South Korea ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Spain ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Sweden ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Switzerland ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Taiwan ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Thailand ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Turkey ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI UAE ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI United Kingdom ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI United Kingdom <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Equal Weighted ETF </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI World ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and the Statement of Additional Information both dated as of December 20, 2021: </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI China Multisector Tech ETF </div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and the Statement of Additional Information both dated as of December 22, 2021: </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Paris-Aligned Climate MSCI USA ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares U.S. ETF Trust </div></div></div></div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus <div style="display:inline;">both </div>dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised October 29, 2021): </div></div><div style="font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares GSCI Commodity Dynamic Roll Strategy ETF </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares U.S. ETF Trust </div></div></div></div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Bloomberg Roll Select Commodity Strategy ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares U.S. ETF Trust </div></div></div></div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Gold Strategy ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares U.S. ETF Trust </div></div></div></div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus <div style="display:inline;">both </div>dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised October 29, 2021): </div></div><div style="font-family: arial; font-size: 10pt; margin-top: 6pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">iShares Commodity Curve Carry Strategy ETF </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Asia 50 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Emerging Markets Infrastructure ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global 100 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Comm Services ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Consumer Discretionary ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Healthcare ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Materials ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Tech ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Timber &amp; Forestry ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares International Dividend Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Latin America 40 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 18, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Clean Energy ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 13, 2021), and to the Statement of <div style="letter-spacing: 0px; top: 0px;display:inline;">Additional </div>Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares India 50 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Biotechnology ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core S&amp;P 500 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core S&amp;P Total U.S. Stock Market ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core S&amp;P U.S. Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core S&amp;P U.S. Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Screened S&amp;P 500 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Screened S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Screened S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Europe ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Expanded Tech Sector ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Expanded Tech-Software Sector ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Factors US Growth Style ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Factors US Value Style ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Focused Value Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Consumer Staples ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Energy ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Financials ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Industrials ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Infrastructure ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global Utilities ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares International Developed Property ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares International Developed Small Cap Value Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">JPX-Nikkei</div> 400 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Micro-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Mortgage Real Estate ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares North American Natural Resources ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares North American Tech-Multimedia Networking ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Residential and Multisector Real Estate ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell 1000 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell 1000 Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell 1000 Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell 2000 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell 2000 Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell 2000 Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell 3000 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell <div style="letter-spacing: 0px; top: 0px;display:inline;">T</div>op 200 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell Top 200 Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell Top 200 Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P 100 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P 500 Growth <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P 500 Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> 400 Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> 400 Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> 600 Growth <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares S&amp;P <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> 600 <div style="letter-spacing: 0px; top: 0px;display:inline;">Va</div>lue ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Semiconductor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Aerospace &amp; Defense ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Broker-Dealers &amp; Securities Exchanges ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Healthcare Providers ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Home Construction ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Insurance ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Medical Devices ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Oil &amp; Gas Exploration &amp; Production <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Oil Equipment &amp; Services <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Pharmaceuticals <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Real Estate ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Regional Banks ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Telecommunications <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares US Small Cap Value Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 20, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Infrastructure ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 1, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Preferred and Income Securities ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised September 10, 2021): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">JPX-Nikkei</div> 400 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Russell 2500 ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of <div style="letter-spacing: 0px; top: 0px;display:inline;">September </div>1, 2021, and to the Statement of Additional Information dated as of September 1, 2021 (as revised September 10, 2021): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Asia/Pacific Dividend ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of <div style="letter-spacing: 0px; top: 0px;display:inline;">September </div>1, 2021, and to the Statement of Additional Information dated as of September 1, 2021 (as revised September 10, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Emerging Markets Dividend <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div>dated as of <div style="letter-spacing: 0px; top: 0px;display:inline;">September </div>1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of September 1, 2021 (as revised September 10, 2021): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Global REIT ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div>dated as of <div style="letter-spacing: 0px; top: 0px;display:inline;">September </div>1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of September 1, 2021 (as revised September 10, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares International Select Dividend ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Cohen &amp; Steers REIT ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core Dividend Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core High Dividend ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core U.S. REIT ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Dow Jones U.S. ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares International Developed Real Estate ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar U.S. Equity ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Morningstar Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI KLD 400 Social ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA ESG Select ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Select Dividend ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Basic Materials <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Consumer Discretionary ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Consumer Staples ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Dividend and Buyback ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Energy ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Financial Services ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Financials ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Healthcare ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Industrials <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Technology ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Transportation ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and <div style="letter-spacing: 0px; top: 0px;display:inline;">Prospectus </div>both dated as of September 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Utilities <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus dated as of November 3, 2021, and to <div style="display:inline;">the </div>Prospectus dated as <div style="display:inline;">of </div>October 25, 2021, and to the Statement <div style="display:inline;">of </div>Additional Information dated as of October 25, 2021 (as revised January 3, 2022): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG MSCI USA Min Vol Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021: </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI Europe <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI Pacific <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI ACWI ex U.S. ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI EAFE ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI EAFE <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Kokusai ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and Statement of Additional Information <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div><div style="letter-spacing: 0px; top: 0px;display:inline;">dated </div><div style="letter-spacing: 0px; top: 0px;display:inline;">as </div>of December 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>: </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core Aggressive Allocation ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and Statement of Additional Information <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div><div style="letter-spacing: 0px; top: 0px;display:inline;">dated </div><div style="letter-spacing: 0px; top: 0px;display:inline;">as </div>of December 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core Conservative Allocation ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and Statement of Additional Information <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div><div style="letter-spacing: 0px; top: 0px;display:inline;">dated </div><div style="letter-spacing: 0px; top: 0px;display:inline;">as </div>of December 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core Growth Allocation ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and Statement of Additional Information <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div><div style="letter-spacing: 0px; top: 0px;display:inline;">dated </div><div style="letter-spacing: 0px; top: 0px;display:inline;">as </div>of December 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core Moderate Allocation ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and Statement of Additional Information <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div><div style="letter-spacing: 0px; top: 0px;display:inline;">dated </div><div style="letter-spacing: 0px; top: 0px;display:inline;">as </div>of December 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware Aggressive Allocation ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and Statement of Additional Information <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div><div style="letter-spacing: 0px; top: 0px;display:inline;">dated </div><div style="letter-spacing: 0px; top: 0px;display:inline;">as </div>of December 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware Conservative Allocation ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and Statement of Additional Information <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div><div style="letter-spacing: 0px; top: 0px;display:inline;">dated </div><div style="letter-spacing: 0px; top: 0px;display:inline;">as </div>of December 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware Growth Allocation ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and Statement of Additional Information <div style="letter-spacing: 0px; top: 0px;display:inline;">both </div><div style="letter-spacing: 0px; top: 0px;display:inline;">dated </div><div style="letter-spacing: 0px; top: 0px;display:inline;">as </div>of December 1, <div style="letter-spacing: 0px; top: 0px;display:inline;">2021</div>: </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware Moderate Allocation <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Cloud 5G and Tech ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI EAFE ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI International Developed Markets ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI Total International Stock <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Cybersecurity <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>Tech <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Genomics Immunology and Healthcare <div style="letter-spacing: 0px; top: 0px;display:inline;">ETF</div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI ACWI ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI ACWI ex U.S. ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI ACWI Low Carbon Target ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI All Country Asia ex Japan ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI China A ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Multifactor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Robotics and Artificial Intelligence Multisector ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Self-Driving EV and Tech ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, <div style="letter-spacing: 0px; top: 0px;display:inline;">and </div>to the <div style="letter-spacing: 0px; top: 0px;display:inline;">Statement </div>of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021): </div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Virtual Work and Life Multisector ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021 (as revised December 20, 2021), and to the Statement of Additional Information dated as of December 1, 2021 (as revised December 20, 2021): </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Exponential Technologies ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares China <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Large-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div> <div style="margin-bottom: 0px; break-before: page; margin-top: 0pt; line-height: 12pt;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px;display:inline;">iShares MSCI EAFE ETF</div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI EAFE Growth ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI EAFE Min Vol Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI EAFE <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI EAFE Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Europe Financials ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Europe <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl Momentum Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl Multifactor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl Quality Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl Size Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> Multifactor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Intl Value Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Mid-Cap</div> Multifactor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Min Vol Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Momentum Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Multifactor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Quality Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Size Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> Min Vol Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> Multifactor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Value Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Statement </div></div>of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):</div></div><div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares U.S. Tech Breakthrough <div style="display:inline;">Multisector </div>ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Core MSCI Em<div style="display:inline;">ergi</div>ng Markets ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI Canada ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI Emerging Markets ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI Eurozone ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI Germany ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI Japan ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Currency Hedged MSCI United Kingdom ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Advanced MSCI EAFE ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Advanced MSCI EM ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Advanced MSCI USA ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware MSCI EAFE ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware MSCI EM ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware MSCI USA ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG Aware MSCI USA <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG MSCI EM Leaders ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares ESG MSCI USA Leaders ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Argentina and Global Exposure ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Brazil ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Australia ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Austria ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Belgium ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Brazil <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI BRIC ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Canada ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Chile ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI China ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI China <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Colombia ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Denmark ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets Asia ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets ex China ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets Min Vol Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets Multifactor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Emerging Markets <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Eurozone ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Finland ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI France ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Frontier and Select EM ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Germany ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Germany <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global <div style="display:inline;">Agriculture </div>Producers ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Energy Producers ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Gold Miners ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Metals &amp; Mining Producers ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Min Vol Factor ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global <div style="display:inline;">Silver </div>and Metals Miners ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Global Sustainable Development Goals ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Hong Kong ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI India ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI India <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Indonesia ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Ireland ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Israel ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Italy ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Japan Equal Weighted ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Japan ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Japan <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Japan Value ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Kuwait ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Malaysia ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI <div style="display:inline;">Mexico </div>ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Netherlands ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI <div style="display:inline;">New </div>Zealand ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Norway ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Pacific ex Japan ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Peru ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Philippines ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Poland ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Qatar ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI <div style="display:inline;">Russia </div>ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Saudi Arabia ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Singapore ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI South Africa ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI South Korea ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Spain ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Sweden ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Switzerland ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Taiwan ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Thailand ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI Turkey ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI UAE ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI United Kingdom ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI United Kingdom <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">Small-Cap</div> ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI USA Equal Weighted ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div><div style="text-align: center; font-family: arial; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="font-weight:bold;display:inline;"><div style="font-family: arial; font-size: 10pt; letter-spacing: 0px; top: 0px; text-indent: 0px;display:inline;">iShares, Inc.</div></div></div></div></div> <div style="font-weight:bold;display:inline;"> </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Summary Prospectus, Prospectus and Statement of Additional <div style="display:inline;"><div style="display:inline;">Information</div> </div>each dated as of December 30, 2021: </div> </div> <div style="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI World ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and the Statement of Additional Information both dated as of December 20, 2021: </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares MSCI China Multisector Tech ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;"><div style="letter-spacing: 0px; top: 0px;display:inline;">iShares</div><div style="font-size:85%; vertical-align:top;display:inline;font-size:22.6px">®</div> </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">iShares Trust </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and </div></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”) </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial"><div style="letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-weight:bold;display:inline;width:100%;"><div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;"/><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The information in this Supplement updates information in, and should be read in conjunction with the respective Summary Prospectus, Prospectus and the SAI, as applicable, for each Fund. </div></div></div></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;"><div style="font-style: normal; letter-spacing: 0px; top: 0px;display:inline;"/><div style="font-style:italic;display:inline;">The following changes for the Fund went effective on January 1, 2022. </div></div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.     </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">The other Portfolio Managers for each Fund will continue to be primarily responsible for the <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">day-to-day</div></div> management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI. </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI: </div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; text-align: center;"><div style="font-weight:bold;display:inline;">Appendix A </div></div> <div style="margin-top: 12pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><div style="font-weight:bold;display:inline;">Supplement to the Prospectus and the Statement of Additional Information both dated as of December 22, 2021: </div></div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">iShares Paris-Aligned Climate MSCI USA ETF </div> <div style="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:arial">If you have any questions, please call <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">1-800-iShares</div></div> <div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"/><div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;">(1-800-474-2737).</div></div> </div> <div style="margin-top:0pt;margin-bottom:0pt ; font-size:8pt"> </div> <div style="margin-top:0pt; margin-bottom:0pt; margin-left:2%; text-indent:-1%; font-size:8pt; font-family:arial">iShares<div style="font-size:85%; vertical-align:top;display:inline;font-size:7.5px">®</div> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> 2022-01-03 2022-01-03 EXCEL 12 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx M4$L#!!0 ( "3GE,'04UB@0 +$ 0 9&]C4')O<',O87!P+GAM M;$V./0L",1!$_\IQO;=!P4)B0-!2L+(/>QLOD&1#LD)^OCG!CVX>;QA&WPIG M*N*I#BV&5(_C(I(/ !47BK9.7:=N')=HI6-Y #OGDK7A.YNJQ<&4GPZ4A!0W_J=0U[R;UEA_6\#MI7E!+ P04 M " DYY3G)\J*^X K @ $0 &1O8U!R;W!S+V-O&ULS9+! 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