0001193125-22-058684.txt : 20220301 0001193125-22-058684.hdr.sgml : 20220301 20220228183206 ACCESSION NUMBER: 0001193125-22-058684 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 14 FILED AS OF DATE: 20220301 DATE AS OF CHANGE: 20220228 EFFECTIVENESS DATE: 20220301 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: 22692551 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 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: 22692552 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 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: 22692553 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 0000930667 S000004266 iShares MSCI Emerging Markets ETF C000011970 iShares MSCI Emerging Markets ETF EEM 0000930667 S000018069 iShares MSCI BRIC ETF C000050065 iShares MSCI BRIC ETF BKF 0000930667 S000019125 iShares MSCI Emerging Markets Small-Cap ETF C000052897 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0000930667 S000032497 iShares MSCI Emerging Markets Min Vol Factor ETF C000100212 iShares MSCI Emerging Markets Min Vol Factor ETF EEMV 0000930667 S000032498 iShares MSCI Global Min Vol Factor ETF C000100213 iShares MSCI Global Min Vol Factor ETF ACWV 0000930667 S000033806 iShares J.P. Morgan EM Local Currency Bond ETF C000104446 iShares J.P. Morgan EM Local Currency Bond ETF LEMB 0000930667 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 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 S000036004 iShares Emerging Markets Dividend ETF C000110341 iShares Emerging Markets Dividend ETF DVYE 0000930667 S000036005 iShares MSCI Frontier and Select EM ETF C000110342 iShares MSCI Frontier and Select EM ETF FM 0000930667 S000036776 iShares J.P. Morgan EM Corporate Bond ETF C000112502 iShares J.P. Morgan EM Corporate Bond ETF CEMB 0000930667 S000038923 iShares Core MSCI Emerging Markets ETF C000119708 iShares Core MSCI Emerging Markets ETF IEMG 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 S000057835 iShares MSCI Emerging Markets ex China ETF C000186806 iShares MSCI Emerging Markets ex China ETF EMXC 0001100663 S000013697 iShares 1-5 Year Investment Grade Corporate Bond ETF C000037539 iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB 0001100663 S000013698 iShares 5-10 Year Investment Grade Corporate Bond ETF C000037540 iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB 0001100663 S000013699 iShares Broad USD Investment Grade Corporate Bond ETF C000037541 iShares Broad USD Investment Grade Corporate Bond ETF USIG 0001100663 S000017778 iShares Asia 50 ETF C000049095 iShares Asia 50 ETF AIA 0001100663 S000019798 iShares J.P. Morgan USD Emerging Markets Bond ETF C000055529 iShares J.P. 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iShares®
iShares, Inc.
iShares Trust
iShares U.S. ETF Trust
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or

cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
The section of the Prospectus entitled “Risk of Investing in Russia” in the section entitled “A Further Discussion of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, in addition to those described under “Risk of Investing in Emerging Markets” and “Non‑U.S. Issuers Risk,” that are not typically associated with investing in U.S. securities, including:
 
 
The risk of delays in settling portfolio transactions and the risk of loss arising out of the system of share registration and custody used in Russia;
 
 
Risks in connection with the maintenance of the Fund’s portfolio securities and cash with foreign sub‑custodians and securities depositories, including the risk that appropriate sub‑custody arrangements will not be available to the Fund;
 
 
The risk that the Fund’s ownership rights in portfolio securities could be lost through fraud or negligence because ownership in shares of Russian companies is recorded by the companies themselves and by registrars, rather than by a central registration system;
 
 
The risk that the Fund may not be able to pursue claims on behalf of its shareholders because of the system of share registration and custody, and because Russian banking institutions and registrars are not guaranteed by the Russian government; and
 
 
The risk that various responses by other nation-states to alleged Russian cyber activity will impact Russia’s economy and Russian issuers of securities in which the Fund invests.
Russia Sanctions. Governments in the U.S. and many other countries (collectively, the “Sanctioning Bodies”) have imposed economic sanctions on certain Russian individuals, including politicians, and Russian corporate and banking entities. The Sanctioning Bodies, or others, could also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. These sanctions, or even the threat of further

sanctions, may result in the decline of the value and liquidity of Russian securities, a weakening of the ruble or other adverse consequences to the Russian economy. These sanctions could also result in the immediate freeze of Russian securities and/or funds invested in prohibited assets, impairing the ability of the Fund to buy, sell, receive or deliver those securities and/or assets. Sanctions could also result in Russia taking counter measures or retaliatory actions which may further impair the value and liquidity of Russian securities.
The sanctions against certain Russian issuers include prohibitions on transacting in or dealing in issuances of debt or equity of such issuers. Compliance with each of these sanctions may impair the ability of the Fund to buy, sell, hold, receive or deliver the affected securities or other securities of such issuers. If it becomes impracticable or unlawful for the Fund to hold securities subject to, or otherwise affected by, sanctions (collectively, “affected securities”), or if deemed appropriate by BFA, the Fund may prohibit in‑kind deposits of the affected securities in connection with creation transactions and instead require a cash deposit, which may also increase the Fund’s transaction costs. The Fund may also be legally required to freeze assets in a blocked account.
Also, if an affected security is included in the Fund’s Underlying Index, the Fund may, where practicable, seek to eliminate its holdings of the affected security by employing or augmenting its representative sampling strategy to seek to track the investment results of its Underlying Index. The use of (or increased use of) a representative sampling strategy may increase the Fund’s tracking error risk. If the affected securities constitute a significant percentage of the Underlying Index, the Fund may not be able to effectively implement a representative sampling strategy, which may result in significant tracking error between the Fund’s performance and the performance of its Underlying Index.
Current or future sanctions may result in Russia taking counter measures or retaliatory actions, which may further impair the value and liquidity of Russian securities. These retaliatory measures may include the immediate freeze of Russian assets held by the Fund. In the event of such a freeze of any Fund assets, including depositary receipts, the Fund may need to liquidate non‑restricted assets in order to satisfy any Fund redemption orders. The liquidation of Fund assets during this time may also result in the Fund receiving substantially lower prices for its securities.
These sanctions may also lead to changes in the Fund’s Underlying Index. The Fund’s Index Provider may remove securities from the

Underlying Index or implement caps on the securities of certain issuers that have been subject to recent economic sanctions. In such an event, it is expected that the Fund will rebalance its portfolio to bring it in line with the Underlying Index as a result of any such changes, which may result in transaction costs and increased tracking error. These sanctions, the volatility that may result in the trading markets for Russian securities and the possibility that Russia may impose investment or currency controls on investors may cause the Fund to invest in, or increase the Fund’s investments in, depositary receipts that represent the securities of the Underlying Index. These investments may result in increased transaction costs and increased tracking error.
Russian invasion of Ukraine. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or cyberattacks on the Russian government, Russian companies or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such activity, including purchasing restrictions, sanctions, tariffs or cyberattacks on the Russian government or Russian companies, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
The section entitled “Risk of Investing in Russia” in the SAI for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in the Russian securities market involves a high degree of risk and special considerations not typically associated with investing in the U.S. securities market, and should be considered highly speculative. Risks include: the absence of developed legal structures governing private and foreign investments and private property; the possibility of the loss of all or a substantial portion of a Fund’s assets invested in Russia as a result of expropriation; certain

national policies which may restrict the Fund’s investment opportunities, including, without limitation, restrictions on investing in issuers or industries deemed sensitive to relevant national interests; and potentially greater price volatility in, significantly smaller capitalization of, and relative illiquidity of, the Russian market. There can also be no assurance that a Fund’s investments in the Russian securities market would not be expropriated, nationalized or otherwise confiscated. In the event of the settlement of any such claims or such expropriation, nationalization or other confiscation, a Fund could lose its entire investment. In addition, it may be difficult and more costly to obtain and enforce a judgment in the Russian court system.
Russia may also be subject to a greater degree of economic, political and social instability than is the case in other developed countries. Such instability may result from, among other things, the following: (i) an authoritarian government or military involvement in political and economic decision-making, including changes in government through extra-constitutional means; (ii) popular unrest associated with demands for improved political, economic and social conditions; (iii) internal insurgencies; (iv) hostile relations, including armed conflict, with neighboring countries; and (v) ethnic, religious and racial disaffection.
The Russian economy is heavily dependent upon the export of a range of commodities including most industrial metals, forestry products and oil and gas. Accordingly, it is strongly affected by international commodity prices and is particularly vulnerable to any weakening in global demand for these products. Any acts of terrorism or armed conflicts in Russia or internationally could have an adverse effect on the financial and commodities markets and the global economy. As Russia produces and exports large amounts of crude oil and gas, any acts of terrorism or armed conflict causing disruptions of Russian oil and gas exports could negatively affect the Russian economy and, thus, adversely affect the financial condition, results of operations or prospects of related companies. Current and future economic sanctions may also adversely affect the Russian oil, banking, mining, metals, rail, pipeline and gas sectors, among other sectors.
The Russian government may exercise substantial influence over many aspects of the private sector and may own or control many companies. Future government actions could have a significant effect on the economic conditions in Russia, which could have a negative impact on private sector companies. There is also the possibility of diplomatic developments that could adversely affect investments in Russia. In recent years, the Russian government has begun to take bolder steps to re‑assert its regional geopolitical influence (including military steps) and

launched a large-scale invasion of Ukraine on February 24, 2022. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Such steps have increased tensions between Russia and its neighbors and Western countries and may negatively affect economic growth. Actual and threatened responses by other nation-states to Russia’s alleged cyber activity may have an adverse impact on the Russian economy and the Russian issuers of securities in which a Fund invests. For example, the U.S. has added certain foreign technology companies to the U.S. Department of Commerce’s Bureau of Industry and Security’s “Entity List,” which is a list of companies believed to pose a national security risk to the U.S. Actions like these may have unanticipated and disruptive effects on the Russian economy.
Russia Sanctions. Governments in the U.S. and many other countries (collectively, the “Sanctioning Bodies”) have imposed economic sanctions on certain Russian individuals, including politicians, and Russian corporate and banking entities. The Sanctioning Bodies, or others, could also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. These sanctions, or even the threat of further sanctions, may result in the decline of the value and liquidity of Russian securities, a weakening of the ruble or other adverse consequences to the Russian economy. These sanctions could also result in the immediate freeze of Russian securities and/or funds invested in prohibited assets, impairing the ability of a Fund to buy, sell, receive or deliver those securities and/or assets. Sanctions could also result in Russia taking counter measures or retaliatory actions which may further impair the value and liquidity of Russian securities.
The sanctions against certain Russian issuers include prohibitions on transacting in or dealing in issuances of debt or equity of such issuers. Compliance with each of these sanctions may impair the ability of a Fund to buy, sell, hold, receive or deliver the affected securities or other securities of such issuers. If it becomes impracticable or unlawful for a Fund to hold securities subject to, or otherwise affected by, sanctions (collectively, “affected securities”), or if deemed appropriate by BFA, a Fund may prohibit in‑kind deposits of the affected securities in connection with creation transactions and instead require a cash deposit, which may also increase a Fund’s transaction costs. A Fund may also be legally required to freeze assets in a blocked account.
Also, if an affected security is included in a Fund’s Underlying Index, a Fund may, where practicable, seek to eliminate its holdings of the affected security by employing or augmenting its representative

sampling strategy to seek to track the investment results of its Underlying Index. The use of (or increased use of) a representative sampling strategy may increase a Fund’s tracking error risk. If the affected securities constitute a significant percentage of the Underlying Index, a Fund may not be able to effectively implement a representative sampling strategy, which may result in significant tracking error between a Fund’s performance and the performance of its Underlying Index.
Current or future sanctions may result in Russia taking counter measures or retaliatory actions, which may further impair the value and liquidity of Russian securities. These retaliatory measures may include the immediate freeze of Russian assets held by a Fund. In the event of such a freeze of any Fund assets, including depositary receipts, a Fund may need to liquidate non‑restricted assets in order to satisfy any Fund redemption orders. The liquidation of Fund assets during this time may also result in a Fund receiving substantially lower prices for its securities.
These sanctions may also lead to changes in a Fund’s Underlying Index. A Fund’s index provider may remove securities from its Underlying Index or implement caps on the securities of certain issuers that have been subject to recent economic sanctions. In such an event, it is expected that a Fund will rebalance its portfolio to bring it in line with its Underlying Index as a result of any such changes, which may result in transaction costs and increased tracking error. These sanctions, the volatility that may result in the trading markets for Russian securities and the possibility that Russia may impose investment or currency controls on investors may cause a Fund to invest in, or increase a Fund’s investments in, depositary receipts that represent the securities of its Underlying Index. These investments may result in increased transaction costs and increased tracking error.
Russian invasion of Ukraine. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or cyberattacks on the Russian government, Russian companies or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of

securities in which the Fund invests. Actual and threatened responses to such activity, including purchasing restrictions, sanctions, tariffs or cyberattacks on the Russian government or Russian companies, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy.
The section entitled “Eastern European Economic Risk” in the Prospectus for each Fund listed in Appendix B is hereby deleted in its entirety and replaced with the following:
Eastern European Economic Risk. An investment in issuers located or operating in Eastern Europe may subject the Fund to legal, regulatory, political, currency, security and economic risks specific to Eastern Europe. Economies of certain Eastern European countries rely heavily on the export of commodities, including oil, gas, and certain metals. As a result, such economies may be impacted by international commodity prices and are particularly vulnerable to global demand for these products. Geopolitical events including armed conflict or war, acts of terrorism, and other instability in certain Eastern European countries may cause uncertainty in their financial markets and adversely affect the performance of the issuers to which the Fund has exposure. The securities markets in some Eastern European countries are substantially smaller and less developed, with less government supervision and regulation of stock exchanges, and may be less liquid and more volatile than securities markets in the U.S. or Western European countries. In addition, investing in securities of issuers located or operating in Eastern Europe may involve:
 
 
The risk of delays in settling portfolio transactions and the risk of loss arising out of the system of share registration and custody used in certain Eastern European countries;
 
 
Risks in connection with the maintenance of the Fund’s portfolio securities and cash with foreign sub‑custodians and securities depositories, including the risk that appropriate sub‑custody arrangements will not be available to the Fund;
 
 
The risk that the Fund’s ownership rights in portfolio securities could be lost through fraud or negligence as a result of the fact that ownership in shares of certain Eastern European companies is recorded by the companies themselves and by registrars, rather than a central registration system;

 
The risk that the Fund may not be able to pursue claims on behalf of its shareholders because of the system of share registration and custody, and because certain Eastern European banking institutions and registrars are not guaranteed by their respective governments; and
 
 
Risks in connection with Eastern European countries’ dependence on the economic health of Western European countries and the EU as a whole.
Other risks related to investing in securities of issuers located or operating in Eastern Europe include: the potential absence of legal structures governing private and foreign investments and private property; the possibility of the loss of all or a substantial portion of the Fund’s assets invested in issuers located or operating in Eastern Europe as a result of expropriation; and certain national policies which may restrict the Fund’s investment opportunities, including, without limitation, restrictions on investing in issuers or industries deemed sensitive to relevant national interests. In addition, Eastern European securities markets are particularly sensitive to social, political, economic, and currency events that involve Russia and may suffer heavy losses as a result of their trading and investment links to the Russian economy and currency or its neighbors.
Russian Invasion of Ukraine. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions in the region are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (e.g., cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, sanctions, tariffs or cyberattacks on Russian entities or individuals could have a severe adverse effect on the region, including significant negative impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas, as well as other sectors. How long such military action and related events will last cannot be predicted. These and any related events could have significant impact on Fund performance and the value of an investment in the Fund.
The section entitled “Risk of Investing in Eastern Europe” in the SAI for each Fund listed in Appendix B is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Eastern Europe. Investing in the securities of issuers located or operating in Eastern Europe is highly speculative and

involves risks not usually associated with investing in the more developed markets of Western Europe. Certain Eastern European countries have high public debt levels, significant underground economies, high unemployment and emigration of skilled workers. Such countries generally have a history of political instability, limited infrastructure and an inefficient public sector prone to endemic corruption. Political and economic reforms are too recent to establish a definite trend away from centrally planned economies and state-owned industries. In the past, some Eastern European governments have expropriated substantial amounts of private property, and many claims of the property owners have never been fully settled.
Many Eastern European countries continue to move toward market economies at different paces with different characteristics. Many Eastern European securities markets are generally underdeveloped with low, irregular trading volumes, dubious investor protections, and often a dearth of reliable corporate information. Eastern European securities markets are generally subject to less government supervision and regulation and may be less liquid and more volatile than securities markets in the U.S. or Western European countries. Legal institutions governing private and foreign investments and private property may be relatively nascent, inefficient, and unevenly enforced or inequitably enforced. Certain Eastern European governments may exercise substantial influence over many aspects of the private sector and may own or control many companies. Future government actions could have a significant effect on the economic conditions in such countries, which could have a negative impact on a Fund’s investments. Information and transaction costs, differential taxes, and sometimes political or transfer risk give a comparative advantage to the domestic investor rather than the foreign investor.
Eastern European economies may also be particularly susceptible to changes in the international credit markets due to their reliance on bank related inflows of capital. Changes to the economies of countries with substantial foreign direct investment in certain Eastern European countries may negatively affect the region’s economy. The economy of certain Eastern European countries may be adversely affected by global prices for manufactured goods or commodity price declines to the extent that a country relies on the export of such products.
Geopolitical events, including war, and other instability in certain Eastern European countries may cause uncertainty in the region’s financial markets and adversely affect the performance of the issuers to which a Fund has exposure. These markets may be particularly sensitive to social, political, economic, and currency events in Russia and may

suffer heavy losses as a result of their trading and investment links to the Russian economy and currency. Russia has historically asserted its influence in the region using diplomatic, informational, military, and economic (DIME) instruments of national power, as it did with Georgia in the summer of 2008 and Ukraine beginning in 2014, and most recently on February 24, 2022.
Russian Invasion of Ukraine. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions in the region are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (e.g., cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, sanctions, tariffs or cyberattacks on Russian entities or individuals could have a severe adverse effect on the region, including significant negative impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas, as well as other sectors. How long such military action and related events will last cannot be predicted. These and any related events could have significant impact on Fund performance and the value of an investment in the Fund.
The section entitled “European Economic Risk” in the Prospectus for each Fund, as applicable, is hereby deleted in its entirety and replaced with the following:
European Economic Risk. The Economic and Monetary Union (the “eurozone”) of the European Union (the “EU”) requires compliance by member states that are members of the eurozone with restrictions on inflation rates, deficits, interest rates and debt levels, as well as fiscal and monetary controls, each of which may significantly affect every country in Europe, including those countries that are not members of the eurozone. Additionally, European countries outside of the eurozone may present economic risks that are independent of the indirect effects that eurozone policies have on them. In particular, the United Kingdom’s (the “U.K.”) economy may be affected by global economic, industrial and financial shifts. Changes in imports or exports, changes in governmental or EU regulations on trade, changes in the exchange rate of the euro (the common currency of eurozone countries), the default or threat of default by an EU member state on its sovereign debt and/or an economic recession in an EU member state may have a significant adverse effect on the economies of other EU member states and their trading partners. The European financial markets have historically experienced volatility and adverse trends due to concerns about

economic downturns or rising government debt levels in several European countries, including, but not limited to, Austria, Belgium, Cyprus, France, Greece, Ireland, Italy, Portugal, Spain and Ukraine. These events have adversely affected the exchange rate of the euro and may continue to significantly affect European countries.
Responses to financial problems by European governments, central banks and others, including austerity measures and reforms, may not produce the desired results, may result in social unrest, may limit future growth and economic recovery or may have other unintended consequences. Further defaults or restructurings by governments and other entities of their debt could have additional adverse effects on economies, financial markets and asset valuations around the world. In addition, one or more countries may abandon the euro and/or withdraw from the EU. The U.K. left the EU (“Brexit”) on January 31, 2020. The U.K. and EU have reached an agreement on the terms of their future trading relationship effective January 1, 2021, which principally relates to the trading of goods rather than services, including financial services. Further discussions are to be held between the U.K. and the EU in relation to matters not covered by the trade agreement, such as financial services. The Fund faces risks associated with the potential uncertainty and consequences that may follow Brexit, including with respect to volatility in exchange rates and interest rates. Brexit could adversely affect European or worldwide political, regulatory, economic or market conditions and could contribute to instability in global political institutions, regulatory agencies and financial markets. Brexit has also led to legal uncertainty and could lead to politically divergent national laws and regulations as a new relationship between the U.K. and EU is defined and the U.K. determines which EU laws to replace or replicate. Any of these effects of Brexit could adversely affect any of the companies to which the Fund has exposure and any other assets in which the Fund invests. The political, economic and legal consequences of Brexit are not yet fully known. In the short term, financial markets may experience heightened volatility, particularly those in the U.K. and Europe, but possibly worldwide. The U.K. and Europe may be less stable than they have been in recent years, and investments in the U.K. and the EU may be difficult to value or subject to greater or more frequent volatility. In the longer term, there is likely to be a period of significant political, regulatory and commercial uncertainty as the U.K. continues to negotiate the terms of its future trading relationships.
Secessionist movements, such as the Catalan movement in Spain and the independence movement in Scotland, as well as governmental or other responses to such movements, may also create instability and

uncertainty in the region. In addition, the national politics of countries in the EU have been unpredictable and subject to influence by disruptive political groups and ideologies. The governments of EU countries may be subject to change and such countries may experience social and political unrest. Unanticipated or sudden political or social developments may result in sudden and significant investment losses. The occurrence of terrorist incidents throughout Europe or war in the region could also impact financial markets. The impact of these events is not clear but could be significant and far‑reaching and could adversely affect the value and liquidity of the Fund’s investments.
Russian Invasion of Ukraine. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions including declines in its stock markets and the value of the ruble against the U.S. dollar, in the region are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or cyberattacks on Russian entities or individuals, including politicians, could have a severe adverse effect on the region, including significant negative impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas, as well as other sectors. How long such military action and related events will last cannot be predicted. These and any related events could have significant impact on Fund performance and the value of an investment in the Fund.
The section entitled “Risk of Investing in Europe” in the SAI for each Fund, as applicable, is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Europe. Investing in European countries may expose a Fund to the economic and political risks associated with Europe in general and the specific European countries in which it invests. The economies and markets of European countries are often closely connected and interdependent, and events in one European country can have an adverse impact on other European countries. A Fund makes investments in securities of issuers that are domiciled in, have significant operations in, or that are listed on at least one securities exchange within member states of the European Union (the “EU”). A number of countries within the EU are also members of the Economic and Monetary Union (the “eurozone”) and have adopted the euro as their currency. Eurozone membership requires member states to

comply with restrictions on inflation rates, deficits, interest rates, debt levels and fiscal and monetary controls, each of which may significantly affect every country in Europe. Changes in import or export tariffs, changes in governmental or EU regulations on trade, changes in the exchange rate of the euro and other currencies of certain EU countries which are not in the eurozone, the default or threat of default by an EU member state on its sovereign debt, and/or an economic recession in an EU member state may have a significant adverse effect on the economies of other EU member states and their trading partners. Although certain European countries are not in the eurozone, many of these countries are obliged to meet the criteria for joining the eurozone.
Consequently, these countries must comply with many of the restrictions noted above. The European financial markets have experienced volatility and adverse trends due to concerns about economic downturns, rising government debt levels and the possible default of government debt in several European countries, including, but not limited to, Austria, Belgium, Cyprus, France, Greece, Ireland, Italy, Portugal, Spain and Ukraine. In order to prevent further economic deterioration, certain countries, without prior warning, can institute “capital controls.” Countries may use these controls to restrict volatile movements of capital entering and exiting their country. Such controls may negatively affect a Fund’s investments. A default or debt restructuring by any European country would adversely impact holders of that country’s debt and sellers of credit default swaps linked to that country’s creditworthiness, which may be located in countries other than those listed above. In addition, the credit ratings of certain European countries were downgraded in the past. These events have adversely affected the value and exchange rate of the euro and may continue to significantly affect the economies of every country in Europe, including countries that do not use the euro and non‑EU member states. Responses to the financial problems by European governments, central banks and others, including austerity measures and reforms, may not produce the desired results, may result in social unrest and may limit future growth and economic recovery or have other unintended consequences. Further defaults or restructurings by governments and other entities of their debt could have additional adverse effects on economies, financial markets and asset valuations around the world. In addition, one or more countries may abandon the euro and/or withdraw from the EU. The impact of these actions, especially if they occur in a disorderly fashion, is not clear but could be significant and far‑reaching and could adversely impact the value of a Fund’s investments in the region.

The United Kingdom (the “U.K.”) left the EU (“Brexit”) on January 31, 2020. The U.K. and EU reached an agreement on the terms of their future trading relationship effective January 1, 2021, which principally relates to the trading of goods rather than services, including financial services. Further discussions are to be held between the U.K. and the EU in relation to matters not covered by the trade agreement, such as financial services. A Fund faces risks associated with the potential uncertainty and consequences that may follow Brexit, including with respect to volatility in exchange rates and interest rates. Brexit could adversely affect European or worldwide political, regulatory, economic or market conditions and could contribute to instability in global political institutions, regulatory agencies and financial markets. Brexit has also led to legal uncertainty and could lead to politically divergent national laws and regulations as a new relationship between the U.K. and EU is defined and the U.K. determines which EU laws to replace or replicate. Any of these effects of Brexit could adversely affect any of the companies to which a Fund has exposure and any other assets in which a Fund invests. The political, economic and legal consequences of Brexit are not yet fully known. In the short term, financial markets may experience heightened volatility, particularly those in the U.K. and Europe, but possibly worldwide. The U.K. and Europe may be less stable than they have been in recent years, and investments in the U.K. and the EU may be difficult to value, or subject to greater or more frequent volatility. In the longer term, there is likely to be a period of significant political, regulatory and commercial uncertainty as the U.K. continues to negotiate the terms of its future trading relationships.
Certain European countries have also developed increasingly strained relationships with the U.S., and if these relations were to worsen, they could adversely affect European issuers that rely on the U.S. for trade. Secessionist movements, such as the Catalan movement in Spain and the independence movement in Scotland, as well as governmental or other responses to such movements, may also create instability and uncertainty in the region. In addition, the national politics of countries in the EU have been unpredictable and subject to influence by disruptive political groups and ideologies. The governments of EU countries may be subject to change and such countries may experience social and political unrest. Unanticipated or sudden political or social developments may result in sudden and significant investment losses. The occurrence of terrorist incidents throughout Europe or war in the region also could impact financial markets. The impact of these events is not clear but could be significant and far‑reaching and could adversely affect the value and liquidity of a Fund’s investments.

Russian Invasion of Ukraine. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, in the region are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or cyberattacks on Russian entities or individuals, including politicians could have a severe adverse effect on the region, including significant negative impacts on the economy and the markets for certain securities and commodities, such as oil and natural gas, as well as other sectors. How long such military action and related events will last cannot be predicted. These and any related events could have significant impact on Fund performance and the value of an investment in the Fund.

Appendix A
Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB)
iShares 1‑5 Year Investment Grade Corporate Bond ETF (IGSB)
iShares 5‑10 Year Investment Grade Corporate Bond ETF (IGIB)
iShares Broad USD Investment Grade Corporate Bond ETF (USIG)
iShares Core 5‑10 Year USD Bond ETF (IMTB)
iShares Core 10+ Year USD Bond ETF (ILTB)
Prospectus and Summary Prospectus, each dated July 30, 2021 and SAI dated July 30, 2021 (as revised January 26, 2022):
iShares Asia 50 ETF (AIA)
iShares Emerging Markets Infrastructure ETF (EMIF)
iShares International Dividend Growth ETF (IGRO)
Prospectus, Summary Prospectus and SAI, each dated September 1, 2021:
iShares Emerging Markets Dividend ETF (DVYE)
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares Core Aggressive Allocation ETF (AOA)
iShares Core Conservative Allocation ETF (AOK)
iShares Core Growth Allocation ETF (AOR)
iShares Core Moderate Allocation ETF (AOM)
iShares ESG Aware Conservative Allocation ETF (EAOK)
iShares ESG Aware Aggressive Allocation ETF (EAOA)
iShares ESG Aware Growth Allocation ETF (EAOR)
iShares ESG Aware Moderate Allocation ETF (EAOM)
iShares Morningstar Multi-Asset Income ETF (IYLD)
Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX)
Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):
iShares Core MSCI Total International Stock ETF (IXUS)
iShares MSCI ACWI ETF (ACWI)
iShares MSCI ACWI ex U.S. ETF (ACWX)
iShares MSCI ACWI Low Carbon Target ETF (CRBN)
iShares MSCI Global Multifactor ETF (ACWF)

Prospectus, Summary Prospectus and SAI each dated March 1, 2021 (as revised December 1, 2021):
Shares Interest Rate Hedged Emerging Markets Bond ETF (EMBH)
Prospectus and Summary Prospectus, each dated March 1, 2021 and SAI dated March 1, 2021 (as revised October 29, 2021):
iShares J.P. Morgan EM Corporate Bond ETF (CEMB)
Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised January 5, 2021):
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB)
Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised October 29, 2021):
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB)
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021 (as revised January 5, 2022):
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM)
Prospectus and Summary Prospectus, each dated December 30, 2021 and SAI dated December 30, 2021 (as revised February 7, 2022)
iShares MSCI United Kingdom Small‑Cap ETF (EWUS)
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares Core MSCI Emerging Markets ETF (IEMG)
iShares ESG Advanced MSCI EM ETF (EMXF)
iShares ESG MSCI EM Leaders ETF (LDEM)
iShares MSCI BRIC ETF (BKF)
iShares MSCI Emerging Markets ETF (EEM)
iShares MSCI Emerging Markets ex China ETF (EMXC)
iShares MSCI Emerging Markets Multifactor ETF (EMGF)
iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV)
iShares MSCI Emerging Markets Small‑Cap ETF (EEMS)
iShares MSCI Global Energy Producers ETF (FILL)
iShares MSCI Global Gold Miners ETF (RING)
iShares MSCI Global Metals & Mining Producers ETF (PICK)
iShares MSCI Global Min Vol Factor ETF (ACWV)
iShares MSCI Global Silver and Metals Miners ETF (SLVP)
iShares MSCI Russia ETF (ERUS)

Appendix B
Prospectus and Summary Prospectus, each dated December 30, 2021 and SAI dated December 30, 2021 (as revised January 26, 2022):
iShares Emerging Markets Infrastructure ETF (EMIF)
Prospectus, Summary Prospectus and SAI, each dated September 1, 2021:
iShares Emerging Markets Dividend ETF (DVYE)
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares Morningstar Multi-Asset Income ETF (IYLD)
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares ESG MSCI EM Leaders ETF (LDEM)
iShares MSCI Emerging Markets ex China ETF (EMXC)
iShares MSCI Frontier and Select EM ETF (FM)
iShares MSCI Global Energy Producers ETF (FILL)
iShares MSCI Russia ETF (ERUS)
Prospectus, Summary Prospectus and SAI, each dated March 1, 2021 (as revised December 1, 2021):
Shares Interest Rate Hedged Emerging Markets Bond ETF (EMBH)
Prospectus and Summary Prospectus, each dated March 1, 2021 and SAI dated March 1, 2021 (as revised October 29, 2021):
iShares J.P. Morgan EM Corporate Bond ETF (CEMB)
Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised January 5, 2021):
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB)
Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised October 29, 2021):
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB)
Prospectus and Summary Prospectus, each dated December 30, 2021 and SAI dated December 30, 2021 (as revised February 7, 2022)
iShares MSCI Poland ETF (EPOL)
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
 
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
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Narrative [Text Block] Risk Footnotes [Text Block] Risk Closing [Text Block] Risk Lose Money [Text] Risk Money Market Fund Price Fluctuates [Text] Risk Money Market Fund May Not Preserve Dollar [Text] Risk Money Market Fund May Impose Fees or Suspend Sales [Text] Risk Not Insured Depository Institution [Text] RIsk Not Insured [Text] Risk Money Market Fund Sponsor May Not Provide Support [Text] Risk Nondiversified Status [Text] Risk Caption Risk Column [Text] Risk [Text] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Performance Availability Phone [Text] Performance Availability Website Address [Text] Performance Past Does Not Indicate Future [Text] Bar Chart [Heading] Bar Chart Narrative [Text Block] Bar Chart Does Not Reflect Sales Loads [Text] Annual Return Caption [Text] Caption Annual Return, Column [Text] Column Annual Return, Inception Date Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Annual Return 2021 Annual Return 2022 Annual Return 2023 Annual Return 2024 Annual Return 2025 Bar Chart Footnotes [Text Block] Bar Chart Closing [Text Block] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date 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Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
iShares Trust
iShares U.S. ETF Trust
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB)
iShares 1‑5 Year Investment Grade Corporate Bond ETF (IGSB)
iShares 5‑10 Year Investment Grade Corporate Bond ETF (IGIB)
iShares Broad USD Investment Grade Corporate Bond ETF (USIG)
iShares Core 5‑10 Year USD Bond ETF (IMTB)
iShares Core 10+ Year USD Bond ETF (ILTB)
Prospectus and Summary Prospectus, each dated July 30, 2021 and SAI dated July 30, 2021 (as revised January 26, 2022):
iShares Asia 50 ETF (AIA)
iShares Emerging Markets Infrastructure ETF (EMIF)
iShares International Dividend Growth ETF (IGRO)
Prospectus, Summary Prospectus and SAI, each dated September 1, 2021:
iShares Emerging Markets Dividend ETF (DVYE)
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares Core Aggressive Allocation ETF (AOA)
iShares Core Conservative Allocation ETF (AOK)
iShares Core Growth Allocation ETF (AOR)
iShares Core Moderate Allocation ETF (AOM)
iShares ESG Aware Conservative Allocation ETF (EAOK)
iShares ESG Aware Aggressive Allocation ETF (EAOA)
iShares ESG Aware Growth Allocation ETF (EAOR)
iShares ESG Aware Moderate Allocation ETF (EAOM)
iShares Morningstar Multi-Asset Income ETF (IYLD)
Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX)
Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):
iShares Core MSCI Total International Stock ETF (IXUS)
iShares MSCI ACWI ETF (ACWI)
iShares MSCI ACWI ex U.S. ETF (ACWX)
iShares MSCI ACWI Low Carbon Target ETF (CRBN)
iShares MSCI Global Multifactor ETF (ACWF)
Prospectus, Summary Prospectus and SAI each dated March 1, 2021 (as revised December 1, 2021):
Shares Interest Rate Hedged Emerging Markets Bond ETF (EMBH)
Prospectus and Summary Prospectus, each dated March 1, 2021 and SAI dated March 1, 2021 (as revised October 29, 2021):
iShares J.P. Morgan EM Corporate Bond ETF (CEMB)
Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised January 5, 2021):
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB)
Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised October 29, 2021):
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB)
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021 (as revised January 5, 2022):
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM)
Prospectus and Summary Prospectus, each dated December 30, 2021 and SAI dated December 30, 2021 (as revised February 7, 2022)
iShares MSCI United Kingdom Small‑Cap ETF (EWUS)
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares Core MSCI Emerging Markets ETF (IEMG)
iShares ESG Advanced MSCI EM ETF (EMXF)
iShares ESG MSCI EM Leaders ETF (LDEM)
iShares MSCI BRIC ETF (BKF)
iShares MSCI Emerging Markets ETF (EEM)
iShares MSCI Emerging Markets ex China ETF (EMXC)
iShares MSCI Emerging Markets Multifactor ETF (EMGF)
iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV)
iShares MSCI Emerging Markets Small‑Cap ETF (EEMS)
iShares MSCI Global Energy Producers ETF (FILL)
iShares MSCI Global Gold Miners ETF (RING)
iShares MSCI Global Metals & Mining Producers ETF (PICK)
iShares MSCI Global Min Vol Factor ETF (ACWV)
iShares MSCI Global Silver and Metals Miners ETF (SLVP)
iShares MSCI Russia ETF (ERUS)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated September 1, 2021:
iShares Emerging Markets Dividend ETF (DVYE)
If you have 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 J.P. Morgan EM Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated March 1, 2021 and SAI dated March 1, 2021 (as revised October 29, 2021):
iShares J.P. Morgan EM Corporate Bond ETF (CEMB)
If you have 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 J.P. Morgan EM Local Currency Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised October 29, 2021):
iShares J.P. Morgan EM Local Currency Bond ETF (LEMB)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021 (as revised January 5, 2022):
iShares Currency Hedged MSCI Emerging Markets ETF (HEEM)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares Core MSCI Emerging Markets ETF (IEMG)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI BRIC ETF (BKF)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI Emerging Markets ETF (EEM)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI Emerging Markets ex China ETF (EMXC)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI Emerging Markets Multifactor ETF (EMGF)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI Emerging Markets Small‑Cap ETF (EEMS)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI Global Energy Producers ETF (FILL)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI Global Gold Miners ETF (RING)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI Global Metals & Mining Producers ETF (PICK)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI Global Min Vol Factor ETF (ACWV)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI Global Silver and Metals Miners ETF (SLVP)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares MSCI Russia ETF (ERUS)
If you have 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 10+ Year Investment Grade Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):
iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB)
If you have 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 1-5 Year Investment Grade Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):
iShares 1‑5 Year Investment Grade Corporate Bond ETF (IGSB)
If you have 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 5-10 Year Investment Grade Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):
iShares 5‑10 Year Investment Grade Corporate Bond ETF (IGIB)
If you have 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 Broad USD Investment Grade Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):
iShares Broad USD Investment Grade Corporate Bond ETF (USIG)
If you have 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 5-10 Year USD Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):
iShares Core 5‑10 Year USD Bond ETF (IMTB)
If you have 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 10+ Year USD Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):
iShares Core 10+ Year USD Bond ETF (ILTB)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated July 30, 2021 and SAI dated July 30, 2021 (as revised January 26, 2022):
iShares Asia 50 ETF (AIA)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated July 30, 2021 and SAI dated July 30, 2021 (as revised January 26, 2022):
iShares Emerging Markets Infrastructure ETF (EMIF)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated July 30, 2021 and SAI dated July 30, 2021 (as revised January 26, 2022):
iShares International Dividend Growth ETF (IGRO)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares Core Aggressive Allocation ETF (AOA)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares Core Conservative Allocation ETF (AOK)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares Core Growth Allocation ETF (AOR)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares Core Moderate Allocation ETF (AOM)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares ESG Aware Conservative Allocation ETF (EAOK)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares ESG Aware Aggressive Allocation ETF (EAOA)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares ESG Aware Growth Allocation ETF (EAOR)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares ESG Aware Moderate Allocation ETF (EAOM)
If you have 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 Multi-Asset Income ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares Morningstar Multi-Asset Income ETF (IYLD)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):
iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):
iShares Core MSCI Total International Stock ETF (IXUS)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):
iShares MSCI ACWI ETF (ACWI)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):
iShares MSCI ACWI ex U.S. ETF (ACWX)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):
iShares MSCI ACWI Low Carbon Target ETF (CRBN)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):
iShares MSCI Global Multifactor ETF (ACWF)
If you have 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 J.P. Morgan USD Emerging Markets Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised January 5, 2021):
iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus and Summary Prospectus, each dated December 30, 2021 and SAI dated December 30, 2021 (as revised February 7, 2022)
iShares MSCI United Kingdom Small‑Cap ETF (EWUS)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares ESG Advanced MSCI EM ETF (EMXF)
If you have 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 March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:
iShares ESG MSCI EM Leaders ETF (LDEM)
If you have 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 Interest Rate Hedged Emerging Markets Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares U.S. ETF Trust
Supplement dated March 1, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,
for each series listed in Appendix A and Appendix B
(each, a “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable.
Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:
The paragraph entitled “Risk of Investing in Russia” in the section of the Prospectus and Summary Prospectus entitled “Summary of Principal Risks” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following:
Risk of Investing in Russia. Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or
cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.
Appendix A
Prospectus, Summary Prospectus and SAI each dated March 1, 2021 (as revised December 1, 2021):
Shares Interest Rate Hedged Emerging Markets Bond ETF (EMBH)
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
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margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares U.S. ETF Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares 1‑5 Year Investment Grade Corporate Bond ETF (IGSB)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares 5‑10 Year Investment Grade Corporate Bond ETF (IGIB)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Broad USD Investment Grade Corporate Bond ETF (USIG)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core 5‑10 Year USD Bond ETF (IMTB)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core 10+ Year USD Bond ETF (ILTB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated July 30, 2021 and SAI dated July 30, 2021 (as revised January 26, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Asia 50 ETF (AIA)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Emerging Markets Infrastructure ETF (EMIF)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares International Dividend Growth ETF (IGRO)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated September 1, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Emerging Markets Dividend ETF (DVYE)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core Aggressive Allocation ETF (AOA)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core Conservative Allocation ETF (AOK)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core Growth Allocation ETF (AOR)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core Moderate Allocation ETF (AOM)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Aware Conservative Allocation ETF (EAOK)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Aware Aggressive Allocation ETF (EAOA)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Aware Growth Allocation ETF (EAOR)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Aware Moderate Allocation ETF (EAOM)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Morningstar Multi-Asset Income ETF (IYLD)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI Total International Stock ETF (IXUS)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI ETF (ACWI)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI ex U.S. ETF (ACWX)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI Low Carbon Target ETF (CRBN)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Multifactor ETF (ACWF)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI each dated March 1, 2021 (as revised December 1, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Shares Interest Rate Hedged Emerging Markets Bond ETF (EMBH)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated March 1, 2021 and SAI dated March 1, 2021 (as revised October 29, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares J.P. Morgan EM Corporate Bond ETF (CEMB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised January 5, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised October 29, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares J.P. Morgan EM Local Currency Bond ETF (LEMB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021 (as revised January 5, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Currency Hedged MSCI Emerging Markets ETF (HEEM)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated December 30, 2021 and SAI dated December 30, 2021 (as revised February 7, 2022)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI United Kingdom Small‑Cap ETF (EWUS)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI Emerging Markets ETF (IEMG)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Advanced MSCI EM ETF (EMXF)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG MSCI EM Leaders ETF (LDEM)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI BRIC ETF (BKF)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets ETF (EEM)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets ex China ETF (EMXC)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Multifactor ETF (EMGF)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Small‑Cap ETF (EEMS)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Energy Producers ETF (FILL)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Gold Miners ETF (RING)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Metals &amp; Mining Producers ETF (PICK)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Min Vol Factor ETF (ACWV)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Silver and Metals Miners ETF (SLVP)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Russia ETF (ERUS)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares 10+ Year Investment Grade Corporate Bond ETF (IGLB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares 1‑5 Year Investment Grade Corporate Bond ETF (IGSB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares 5‑10 Year Investment Grade Corporate Bond ETF (IGIB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Broad USD Investment Grade Corporate Bond ETF (USIG)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core 5‑10 Year USD Bond ETF (IMTB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated June 29, 2021 and SAI dated June 29, 2021 (as revised January 5, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core 10+ Year USD Bond ETF (ILTB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated July 30, 2021 and SAI dated July 30, 2021 (as revised January 26, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Asia 50 ETF (AIA)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated July 30, 2021 and SAI dated July 30, 2021 (as revised January 26, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Emerging Markets Infrastructure ETF (EMIF)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated July 30, 2021 and SAI dated July 30, 2021 (as revised January 26, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares International Dividend Growth ETF (IGRO)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated September 1, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Emerging Markets Dividend ETF (DVYE)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core Aggressive Allocation ETF (AOA)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core Conservative Allocation ETF (AOK)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core Growth Allocation ETF (AOR)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core Moderate Allocation ETF (AOM)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Aware Conservative Allocation ETF (EAOK)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Aware Aggressive Allocation ETF (EAOA)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Aware Growth Allocation ETF (EAOR)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Aware Moderate Allocation ETF (EAOM)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Morningstar Multi-Asset Income ETF (IYLD)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised January 19, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Currency Hedged MSCI ACWI ex U.S. ETF (HAWX)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI Total International Stock ETF (IXUS)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI ETF (ACWI)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI ex U.S. ETF (ACWX)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI Low Carbon Target ETF (CRBN)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated December 1, 2021 and SAI dated December 1, 2021 (as revised December 20, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Multifactor ETF (ACWF)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised January 5, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares J.P. Morgan USD Emerging Markets Bond ETF (EMB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated December 30, 2021 and SAI dated December 30, 2021 (as revised February 7, 2022)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI United Kingdom Small‑Cap ETF (EWUS)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Advanced MSCI EM ETF (EMXF)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares Trust</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG MSCI EM Leaders ETF (LDEM)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated March 1, 2021 and SAI dated March 1, 2021 (as revised October 29, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares J.P. Morgan EM Corporate Bond ETF (CEMB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus and Summary Prospectus, each dated March 1, 2021 (as revised July 1, 2021) and SAI dated March 1, 2021 (as revised October 29, 2021):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares J.P. Morgan EM Local Currency Bond ETF (LEMB)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021 (as revised January 5, 2022):</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Currency Hedged MSCI Emerging Markets ETF (HEEM)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI Emerging Markets ETF (IEMG)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI BRIC ETF (BKF)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets ETF (EEM)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets ex China ETF (EMXC)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Multifactor ETF (EMGF)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Min Vol Factor ETF (EEMV)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Small‑Cap ETF (EEMS)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Energy Producers ETF (FILL)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Gold Miners ETF (RING)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Metals &amp; Mining Producers ETF (PICK)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Min Vol Factor ETF (ACWV)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Silver and Metals Miners ETF (SLVP)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares, Inc.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI, each dated December 30, 2021:</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Russia ETF (ERUS)</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div> <div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 24pt; font-family: arial; font-weight: bold; text-align: center;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup></div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">iShares U.S. ETF Trust</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Supplement dated March 1, 2022 (the “Supplement”)</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">to the Summary Prospectus, Prospectus and/or Statement of Additional Information (“SAI”) as applicable,</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">for each series listed in Appendix A and Appendix B</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">(each, a “Fund”)</div><div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"/><span style="font-weight: bold;"><span style="font-style: italic;">The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus and/or Prospectus, as applicable. </span></span></div><div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Effective immediately, each Fund’s Summary Prospectus, Prospectus, and SAI, as applicable, is amended as follows:</div><div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;">The paragraph entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-weight: bold;">” in the section of the Prospectus and Summary Prospectus entitled “</span><span style="font-weight: bold;"><span style="font-style: italic;">Summary of Principal Risks</span></span><span style="font-weight: bold;">” for each Fund listed in Appendix A is hereby deleted in its entirety and replaced with the following: </span></div><div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;"><span style="font-weight: bold;"><span style="font-style: italic;">Risk of Investing in Russia</span></span><span style="font-style: italic;">.</span> Investing in Russian securities involves significant risks, including legal, regulatory, currency and economic risks that are specific to Russia. In addition, investing in Russian securities involves risks associated with the settlement of portfolio transactions and loss of the Fund’s ownership rights in its portfolio securities as a result of the system of share registration and custody in Russia. Governments in the U.S. and many other countries have imposed economic sanctions on certain Russian individuals and Russian corporate and banking entities. A number of jurisdictions may also institute broader sanctions on Russia, including banning Russia from global payments systems that facilitate cross-border payments. Additionally, Russia is alleged to have participated in state-sponsored cyberattacks against foreign companies and foreign governments. Russia launched a large-scale invasion of Ukraine on February 24, 2022. The extent and duration of the military action, resulting sanctions and resulting future market disruptions, including declines in its stock markets and the value of the ruble against the U.S. dollar, are impossible to predict, but could be significant. Any such disruptions caused by Russian military action or other actions (<span style="font-style: italic;"/>including cyberattacks and espionage) or resulting actual and threatened responses to such activity, including purchasing and financing restrictions, boycotts or changes in consumer or purchaser preferences, sanctions, tariffs or</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">cyberattacks on the Russian government, Russian companies, or Russian individuals, including politicians, may impact Russia’s economy and Russian issuers of securities in which the Fund invests. Actual and threatened responses to such military action may also impact the markets for certain Russian commodities, such as oil and natural gas, as well as other sectors of the Russian economy, and may likely have collateral impacts on such sectors globally.</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;"><span style="text-decoration: underline;">Appendix A </span></div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">Prospectus, Summary Prospectus and SAI each dated March 1, 2021 (as revised December 1, 2021):</div><div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">Shares Interest Rate Hedged Emerging Markets Bond ETF (EMBH)</div><div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).</div><div style="margin-top: 0pt; margin-bottom: 0pt; margin-left: 2%; text-indent: -1%; font-size: 8pt; font-family: arial;">iShares<sup style="font-size: 85%; vertical-align: top;">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.</div> iShares, Inc. 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