0001193125-22-066392.txt : 20220307 0001193125-22-066392.hdr.sgml : 20220307 20220304181923 ACCESSION NUMBER: 0001193125-22-066392 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 14 FILED AS OF DATE: 20220307 DATE AS OF CHANGE: 20220304 EFFECTIVENESS DATE: 20220307 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: 22715631 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: 22715632 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: 22715633 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 S000004246 iShares MSCI Australia ETF C000011950 iShares MSCI Australia ETF EWA 0000930667 S000004247 iShares MSCI Hong Kong ETF C000011951 iShares MSCI Hong Kong ETF EWH 0000930667 S000004248 iShares MSCI Italy ETF C000011952 iShares MSCI Italy ETF EWI 0000930667 S000004249 iShares MSCI Japan ETF C000011953 iShares MSCI Japan ETF EWJ 0000930667 S000004250 iShares MSCI Malaysia ETF C000011954 iShares MSCI Malaysia ETF EWM 0000930667 S000004251 iShares MSCI Mexico ETF C000011955 iShares MSCI Mexico ETF EWW 0000930667 S000004252 iShares MSCI Netherlands ETF C000011956 iShares MSCI Netherlands ETF EWN 0000930667 S000004253 iShares MSCI Pacific ex Japan ETF C000011957 iShares MSCI Pacific ex Japan ETF EPP 0000930667 S000004254 iShares MSCI Singapore ETF C000011958 iShares MSCI Singapore ETF EWS 0000930667 S000004255 iShares MSCI South Africa ETF C000011959 iShares MSCI South Africa ETF EZA 0000930667 S000004256 iShares MSCI Spain ETF C000011960 iShares MSCI Spain ETF EWP 0000930667 S000004257 iShares MSCI Austria ETF C000011961 iShares MSCI Austria ETF EWO 0000930667 S000004258 iShares MSCI South Korea ETF C000011962 iShares MSCI South Korea ETF EWY 0000930667 S000004259 iShares MSCI Sweden ETF C000011963 iShares MSCI Sweden ETF EWD 0000930667 S000004260 iShares MSCI Switzerland ETF C000011964 iShares MSCI Switzerland ETF EWL 0000930667 S000004261 iShares MSCI Taiwan ETF C000011965 iShares MSCI Taiwan ETF EWT 0000930667 S000004263 iShares MSCI Belgium ETF C000011967 iShares MSCI Belgium ETF EWK 0000930667 S000004264 iShares MSCI Brazil ETF C000011968 iShares MSCI Brazil ETF EWZ 0000930667 S000004265 iShares MSCI Canada ETF C000011969 iShares MSCI Canada ETF EWC 0000930667 S000004266 iShares MSCI Emerging Markets ETF C000011970 iShares MSCI Emerging Markets ETF EEM 0000930667 S000004267 iShares MSCI France ETF C000011971 iShares MSCI France ETF EWQ 0000930667 S000004268 iShares MSCI Eurozone ETF C000011972 iShares MSCI Eurozone ETF EZU 0000930667 S000004269 iShares MSCI Germany ETF C000011973 iShares MSCI Germany ETF EWG 0000930667 S000018069 iShares MSCI BRIC ETF C000050065 iShares MSCI BRIC ETF BKF 0000930667 S000018070 iShares MSCI Chile ETF C000050066 iShares MSCI Chile ETF ECH 0000930667 S000018072 iShares MSCI Thailand ETF C000050068 iShares MSCI Thailand ETF THD 0000930667 S000018073 iShares MSCI Turkey ETF C000050069 iShares MSCI Turkey ETF TUR 0000930667 S000019125 iShares MSCI Emerging Markets Small-Cap ETF C000052897 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0000930667 S000019126 iShares MSCI Japan Small-Cap ETF C000052898 iShares MSCI Japan Small-Cap ETF SCJ 0000930667 S000021462 iShares MSCI Israel ETF C000061365 iShares MSCI Israel ETF EIS 0000930667 S000028709 iShares MSCI USA Equal Weighted ETF C000087836 iShares MSCI USA Equal Weighted ETF EUSA 0000930667 S000032497 iShares MSCI Emerging Markets Min Vol Factor ETF C000100212 iShares MSCI Emerging Markets Min Vol Factor ETF EEMV 0000930667 S000032498 iShares MSCI Global Min Vol Factor ETF C000100213 iShares MSCI Global Min Vol Factor ETF ACWV 0000930667 S000033806 iShares J.P. Morgan EM Local Currency Bond ETF C000104446 iShares J.P. Morgan EM Local Currency Bond ETF LEMB 0000930667 S000034697 iShares MSCI Emerging Markets Asia ETF C000106873 iShares MSCI Emerging Markets Asia ETF EEMA 0000930667 S000035395 iShares MSCI World ETF C000108746 iShares MSCI World ETF URTH 0000930667 S000035880 iShares MSCI Global Silver and Metals Miners ETF C000109983 iShares MSCI Global Silver and Metals Miners ETF SLVP 0000930667 S000035882 iShares MSCI Global Gold Miners ETF C000109985 iShares MSCI Global Gold Miners ETF RING 0000930667 S000035883 iShares MSCI Global Agriculture Producers ETF C000109986 iShares MSCI Global Agriculture Producers ETF VEGI 0000930667 S000035884 iShares MSCI Global Energy Producers ETF C000109987 iShares MSCI Global Energy Producers ETF FILL 0000930667 S000035885 iShares MSCI Global Metals & Mining Producers ETF C000109988 iShares MSCI Global Metals & Mining Producers ETF PICK 0000930667 S000035998 iShares Asia/Pacific Dividend ETF C000110325 iShares Asia/Pacific Dividend ETF DVYA 0000930667 S000036004 iShares Emerging Markets Dividend ETF C000110341 iShares Emerging Markets Dividend ETF DVYE 0000930667 S000036005 iShares MSCI Frontier and Select EM ETF C000110342 iShares MSCI Frontier and Select EM ETF FM 0000930667 S000036776 iShares J.P. Morgan EM Corporate Bond ETF C000112502 iShares J.P. Morgan EM Corporate Bond ETF CEMB 0000930667 S000036777 iShares J.P. Morgan EM High Yield Bond ETF C000112503 iShares J.P. Morgan EM High Yield Bond ETF EMHY 0000930667 S000036906 iShares US & Intl High Yield Corp Bond ETF C000112949 iShares US & Intl High Yield Corp Bond ETF GHYG 0000930667 S000036907 iShares International High Yield Bond ETF C000112950 iShares International High Yield Bond ETF HYXU 0000930667 S000038923 iShares Core MSCI Emerging Markets ETF C000119708 iShares Core MSCI Emerging Markets ETF IEMG 0000930667 S000040976 iShares MSCI Colombia ETF C000127144 iShares MSCI Colombia ETF ICOL 0000930667 S000045639 iShares Currency Hedged MSCI Emerging Markets ETF C000141922 iShares Currency Hedged MSCI Emerging Markets ETF HEEM 0000930667 S000047227 iShares MSCI Russia ETF C000147985 iShares MSCI Russia ETF ERUS 0000930667 S000049021 iShares MSCI Emerging Markets Multifactor ETF C000154544 iShares MSCI Emerging Markets Multifactor ETF EMGF 0000930667 S000054183 iShares ESG Aware MSCI EM ETF C000170244 iShares ESG Aware MSCI EM ETF ESGE 0000930667 S000057835 iShares MSCI Emerging Markets ex China ETF C000186806 iShares MSCI Emerging Markets ex China ETF EMXC 0001100663 S000004305 iShares Global Tech ETF C000012035 iShares Global Tech ETF IXN 0001100663 S000004306 iShares S&P 100 ETF C000012036 iShares S&P 100 ETF OEF 0001100663 S000004307 iShares Core S&P Mid-Cap ETF C000012037 iShares Core S&P Mid-Cap ETF IJH 0001100663 S000004308 iShares S&P Mid-Cap 400 Growth ETF C000012038 iShares S&P Mid-Cap 400 Growth ETF IJK 0001100663 S000004309 iShares S&P Mid-Cap 400 Value ETF C000012039 iShares S&P Mid-Cap 400 Value ETF IJJ 0001100663 S000004310 iShares Core S&P 500 ETF C000012040 iShares Core S&P 500 ETF IVV 0001100663 S000004311 iShares S&P 500 Growth ETF C000012041 iShares S&P 500 Growth ETF IVW 0001100663 S000004312 iShares S&P 500 Value ETF C000012042 iShares S&P 500 Value ETF IVE 0001100663 S000004313 iShares Core S&P Small-Cap ETF C000012043 iShares Core S&P Small-Cap ETF IJR 0001100663 S000004314 iShares S&P Small-Cap 600 Growth ETF C000012044 iShares S&P Small-Cap 600 Growth ETF IJT 0001100663 S000004315 iShares Europe ETF C000012045 iShares Europe ETF IEV 0001100663 S000004316 iShares S&P Small-Cap 600 Value ETF C000012046 iShares S&P Small-Cap 600 Value ETF IJS 0001100663 S000004317 iShares Core S&P Total U.S. Stock Market ETF C000012047 iShares Core S&P Total U.S. Stock Market ETF ITOT 0001100663 S000004318 iShares U.S. Basic Materials ETF C000012048 iShares U.S. Basic Materials ETF IYM 0001100663 S000004320 iShares U.S. Consumer Discretionary ETF C000012050 iShares U.S. Consumer Discretionary ETF IYC 0001100663 S000004321 iShares U.S. Energy ETF C000012051 iShares U.S. Energy ETF IYE 0001100663 S000004322 iShares U.S. Financial Services ETF C000012052 iShares U.S. Financial Services ETF IYG 0001100663 S000004323 iShares U.S. Financials ETF C000012053 iShares U.S. Financials ETF IYF 0001100663 S000004324 iShares U.S. Healthcare ETF C000012054 iShares U.S. Healthcare ETF IYH 0001100663 S000004325 iShares U.S. Industrials ETF C000012055 iShares U.S. Industrials ETF IYJ 0001100663 S000004326 iShares Global 100 ETF C000012056 iShares Global 100 ETF IOO 0001100663 S000004328 iShares U.S. Real Estate ETF C000012058 iShares U.S. Real Estate ETF IYR 0001100663 S000004329 iShares U.S. Technology ETF C000012059 iShares U.S. Technology ETF IYW 0001100663 S000004330 iShares Dow Jones U.S. ETF C000012060 iShares Dow Jones U.S. ETF IYY 0001100663 S000004331 iShares U.S. Transportation ETF C000012061 iShares U.S. Transportation ETF IYT 0001100663 S000004332 iShares U.S. Utilities ETF C000012062 iShares U.S. Utilities ETF IDU 0001100663 S000004333 iShares U.S. Telecommunications ETF C000012063 iShares U.S. Telecommunications ETF IYZ 0001100663 S000004334 iShares Select Dividend ETF C000012064 iShares Select Dividend ETF DVY 0001100663 S000004335 iShares Russell Mid-Cap Value ETF C000012065 iShares Russell Mid-Cap Value ETF IWS 0001100663 S000004336 iShares Russell Mid-Cap Growth ETF C000012066 iShares Russell Mid-Cap Growth ETF IWP 0001100663 S000004337 iShares JPX-Nikkei 400 ETF C000012067 iShares JPX-Nikkei 400 ETF JPXN 0001100663 S000004338 iShares Russell Mid-Cap ETF C000012068 iShares Russell Mid-Cap ETF IWR 0001100663 S000004339 iShares Core S&P U.S. Value ETF C000012069 iShares Core S&P U.S. Value ETF IUSV 0001100663 S000004340 iShares Core S&P U.S. Growth ETF C000012070 iShares Core S&P U.S. Growth ETF IUSG 0001100663 S000004341 iShares Russell 3000 ETF C000012071 iShares Russell 3000 ETF IWV 0001100663 S000004342 iShares Russell 2000 Value ETF C000012072 iShares Russell 2000 Value ETF IWN 0001100663 S000004343 iShares Russell 2000 Growth ETF C000012073 iShares Russell 2000 Growth ETF IWO 0001100663 S000004344 iShares Russell 2000 ETF C000012074 iShares Russell 2000 ETF IWM 0001100663 S000004345 iShares Russell 1000 Value ETF C000012075 iShares Russell 1000 Value ETF IWD 0001100663 S000004346 iShares Russell 1000 Growth ETF C000012076 iShares Russell 1000 Growth ETF IWF 0001100663 S000004347 iShares Russell 1000 ETF C000012077 iShares Russell 1000 ETF IWB 0001100663 S000004348 iShares Latin America 40 ETF C000012078 iShares Latin America 40 ETF ILF 0001100663 S000004349 iShares Cohen & Steers REIT ETF C000012079 iShares Cohen & Steers REIT ETF ICF 0001100663 S000004350 iShares Biotechnology ETF C000012080 iShares Biotechnology ETF IBB 0001100663 S000004351 iShares MSCI EAFE ETF C000012081 iShares MSCI EAFE ETF EFA 0001100663 S000004352 iShares Expanded Tech Sector ETF C000012082 iShares Expanded Tech Sector ETF IGM 0001100663 S000004353 iShares North American Tech-Multimedia Networking ETF C000012083 iShares North American Tech-Multimedia Networking ETF IGN 0001100663 S000004354 iShares Semiconductor ETF C000012084 iShares Semiconductor ETF SOXX 0001100663 S000004355 iShares Expanded Tech-Software Sector ETF C000012085 iShares Expanded Tech-Software Sector ETF IGV 0001100663 S000004356 iShares North American Natural Resources ETF C000012086 iShares North American Natural Resources ETF IGE 0001100663 S000004357 iShares 1-3 Year Treasury Bond ETF C000012087 iShares 1-3 Year Treasury Bond ETF SHY 0001100663 S000004358 iShares 7-10 Year Treasury Bond ETF C000012088 iShares 7-10 Year Treasury Bond ETF IEF 0001100663 S000004359 iShares Global Energy ETF C000012089 iShares Global Energy ETF IXC 0001100663 S000004360 iShares 20+ Year Treasury Bond ETF C000012090 iShares 20+ Year Treasury Bond ETF TLT 0001100663 S000004361 iShares iBoxx $ Investment Grade Corporate Bond ETF C000012091 iShares iBoxx $ Investment Grade Corporate Bond ETF LQD 0001100663 S000004362 iShares Core U.S. Aggregate Bond ETF C000012092 iShares Core U.S. Aggregate Bond ETF AGG 0001100663 S000004363 iShares TIPS Bond ETF C000012093 iShares TIPS Bond ETF TIP 0001100663 S000004364 iShares China Large-Cap ETF C000012094 iShares China Large-Cap ETF FXI 0001100663 S000004367 iShares Morningstar U.S. Equity ETF C000012097 iShares Morningstar U.S. Equity ETF ILCB 0001100663 S000004368 iShares Morningstar Growth ETF C000012098 iShares Morningstar Growth ETF ILCG 0001100663 S000004369 iShares Morningstar Value ETF C000012099 iShares Morningstar Value ETF ILCV 0001100663 S000004370 iShares Global Financials ETF C000012100 iShares Global Financials ETF IXG 0001100663 S000004371 iShares Morningstar Mid-Cap ETF C000012101 iShares Morningstar Mid-Cap ETF IMCB 0001100663 S000004372 iShares Global Healthcare ETF C000012102 iShares Global Healthcare ETF IXJ 0001100663 S000004373 iShares Global Comm Services ETF C000012103 iShares Global Comm Services ETF IXP 0001100663 S000004430 iShares Morningstar Mid-Cap Growth ETF C000012193 iShares Morningstar Mid-Cap Growth ETF IMCG 0001100663 S000004431 iShares U.S. Consumer Staples ETF C000012194 iShares U.S. Consumer Staples ETF IYK 0001100663 S000004432 iShares Morningstar Mid-Cap Value ETF C000012195 iShares Morningstar Mid-Cap Value ETF IMCV 0001100663 S000004433 iShares Morningstar Small-Cap ETF C000012196 iShares Morningstar Small-Cap ETF ISCB 0001100663 S000004434 iShares Morningstar Small-Cap Growth ETF C000012197 iShares Morningstar Small-Cap Growth ETF ISCG 0001100663 S000004435 iShares Morningstar Small-Cap Value ETF C000012198 iShares Morningstar Small-Cap Value ETF ISCV 0001100663 S000004436 iShares MSCI USA ESG Select ETF C000012199 iShares MSCI USA ESG Select ETF SUSA 0001100663 S000004437 iShares MSCI EAFE Growth ETF C000012200 iShares MSCI EAFE Growth ETF EFG 0001100663 S000004438 iShares MSCI EAFE Value ETF C000012201 iShares MSCI EAFE Value ETF EFV 0001100663 S000004439 iShares Micro-Cap ETF C000012202 iShares Micro-Cap ETF IWC 0001100663 S000008880 iShares Global Consumer Discretionary ETF C000024194 iShares Global Consumer Discretionary ETF RXI 0001100663 S000008881 iShares Global Consumer Staples ETF C000024195 iShares Global Consumer Staples ETF KXI 0001100663 S000008882 iShares Global Industrials ETF C000024196 iShares Global Industrials ETF EXI 0001100663 S000008883 iShares Global Utilities ETF C000024197 iShares Global Utilities ETF JXI 0001100663 S000008884 iShares Global Materials ETF C000024198 iShares Global Materials ETF MXI 0001100663 S000009414 iShares U.S. Oil & Gas Exploration & Production ETF C000025768 iShares U.S. Oil & Gas Exploration & Production ETF IEO 0001100663 S000009415 iShares U.S. Home Construction ETF C000025769 iShares U.S. Home Construction ETF ITB 0001100663 S000009416 iShares U.S. Oil Equipment & Services ETF C000025770 iShares U.S. Oil Equipment & Services ETF IEZ 0001100663 S000009417 iShares U.S. Pharmaceuticals ETF C000025771 iShares U.S. Pharmaceuticals ETF IHE 0001100663 S000009418 iShares U.S. Healthcare Providers ETF C000025772 iShares U.S. Healthcare Providers ETF IHF 0001100663 S000009419 iShares U.S. Medical Devices ETF C000025773 iShares U.S. Medical Devices ETF IHI 0001100663 S000009420 iShares U.S. Broker-Dealers & Securities Exchanges ETF C000025774 iShares U.S. Broker-Dealers & Securities Exchanges ETF IAI 0001100663 S000009421 iShares U.S. Insurance ETF C000025775 iShares U.S. Insurance ETF IAK 0001100663 S000009422 iShares U.S. Regional Banks ETF C000025776 iShares U.S. Regional Banks ETF IAT 0001100663 S000009423 iShares U.S. Aerospace & Defense ETF C000025777 iShares U.S. Aerospace & Defense ETF ITA 0001100663 S000013499 iShares Preferred and Income Securities ETF C000036528 iShares Preferred and Income Securities ETF PFF 0001100663 S000013694 iShares Short Treasury Bond ETF C000037536 iShares Short Treasury Bond ETF SHV 0001100663 S000013695 iShares 3-7 Year Treasury Bond ETF C000037537 iShares 3-7 Year Treasury Bond ETF IEI 0001100663 S000013696 iShares 10-20 Year Treasury Bond ETF C000037538 iShares 10-20 Year Treasury Bond ETF TLH 0001100663 S000013697 iShares 1-5 Year Investment Grade Corporate Bond ETF C000037539 iShares 1-5 Year Investment Grade Corporate Bond ETF IGSB 0001100663 S000013698 iShares 5-10 Year Investment Grade Corporate Bond ETF C000037540 iShares 5-10 Year Investment Grade Corporate Bond ETF IGIB 0001100663 S000013699 iShares Broad USD Investment Grade Corporate Bond ETF C000037541 iShares Broad USD Investment Grade Corporate Bond ETF USIG 0001100663 S000013700 iShares Intermediate Government/Credit Bond ETF C000037542 iShares Intermediate Government/Credit Bond ETF GVI 0001100663 S000013701 iShares Government/Credit Bond ETF C000037543 iShares Government/Credit Bond ETF GBF 0001100663 S000013702 iShares MBS ETF C000037544 iShares MBS ETF MBB 0001100663 S000013931 iShares MSCI KLD 400 Social ETF C000038163 iShares MSCI KLD 400 Social ETF DSI 0001100663 S000015623 iShares Residential and Multisector Real Estate ETF C000042584 iShares Residential and Multisector Real Estate ETF REZ 0001100663 S000015626 iShares Mortgage Real Estate ETF C000042587 iShares Mortgage Real Estate ETF REM 0001100663 S000015627 iShares Core U.S. REIT ETF C000042588 iShares Core U.S. REIT ETF USRT 0001100663 S000016772 iShares iBoxx $ High Yield Corporate Bond ETF C000046846 iShares iBoxx $ High Yield Corporate Bond ETF HYG 0001100663 S000017777 iShares International Select Dividend ETF C000049094 iShares International Select Dividend ETF IDV 0001100663 S000017778 iShares Asia 50 ETF C000049095 iShares Asia 50 ETF AIA 0001100663 S000017779 iShares International Developed Property ETF C000049096 iShares International Developed Property ETF WPS 0001100663 S000018145 iShares MSCI Europe Small-Cap ETF C000050168 iShares MSCI Europe Small-Cap ETF IEUS 0001100663 S000018146 iShares International Developed Real Estate ETF C000050169 iShares International Developed Real Estate ETF IFGL 0001100663 S000018861 iShares National Muni Bond ETF C000052220 iShares National Muni Bond ETF MUB 0001100663 S000019124 iShares MSCI EAFE Small-Cap ETF C000052896 iShares MSCI EAFE Small-Cap ETF SCZ 0001100663 S000019341 iShares California Muni Bond ETF C000053739 iShares California Muni Bond ETF CMF 0001100663 S000019342 iShares New York Muni Bond ETF C000053740 iShares New York Muni Bond ETF NYF 0001100663 S000019356 iShares Global Infrastructure ETF C000053784 iShares Global Infrastructure ETF IGF 0001100663 S000019798 iShares J.P. Morgan USD Emerging Markets Bond ETF C000055529 iShares J.P. Morgan USD Emerging Markets Bond ETF EMB 0001100663 S000021460 iShares MSCI ACWI ex U.S. ETF C000061363 iShares MSCI ACWI ex U.S. ETF ACWX 0001100663 S000021461 iShares MSCI ACWI ETF C000061364 iShares MSCI ACWI ETF ACWI 0001100663 S000022341 iShares India 50 ETF C000064225 iShares India 50 ETF INDY 0001100663 S000022496 iShares MSCI All Country Asia ex Japan ETF C000065072 iShares MSCI All Country Asia ex Japan ETF AAXJ 0001100663 S000022497 iShares Emerging Markets Infrastructure ETF C000065073 iShares Emerging Markets Infrastructure ETF EMIF 0001100663 S000022498 iShares Global Clean Energy ETF C000065074 iShares Global Clean Energy ETF ICLN 0001100663 S000022500 iShares Global Timber & Forestry ETF C000065076 iShares Global Timber & Forestry ETF WOOD 0001100663 S000023506 iShares Agency Bond ETF C000069125 iShares Agency Bond ETF AGZ 0001100663 S000023507 iShares Short-Term National Muni Bond ETF C000069126 iShares Short-Term National Muni Bond ETF SUB 0001100663 S000023585 iShares Core Conservative Allocation ETF C000069397 iShares Core Conservative Allocation ETF AOK 0001100663 S000023586 iShares Core Moderate Allocation ETF C000069398 iShares Core Moderate Allocation ETF AOM 0001100663 S000023587 iShares Core Growth Allocation ETF C000069399 iShares Core Growth Allocation ETF AOR 0001100663 S000023588 iShares Core Aggressive Allocation ETF C000069400 iShares Core Aggressive Allocation ETF AOA 0001100663 S000023614 iShares International Treasury Bond ETF C000069477 iShares International Treasury Bond ETF IGOV 0001100663 S000023615 iShares 1-3 Year International Treasury Bond ETF C000069478 iShares 1-3 Year International Treasury Bond ETF ISHG 0001100663 S000024426 iShares MSCI Peru ETF C000072477 iShares MSCI Peru ETF EPU 0001100663 S000026552 iShares Russell Top 200 Growth ETF C000079751 iShares Russell Top 200 Growth ETF IWY 0001100663 S000026553 iShares Russell Top 200 ETF C000079752 iShares Russell Top 200 ETF IWL 0001100663 S000026554 iShares Russell Top 200 Value ETF C000079753 iShares Russell Top 200 Value ETF IWX 0001100663 S000026651 iShares 10+ Year Investment Grade Corporate Bond ETF C000080009 iShares 10+ Year Investment Grade Corporate Bond ETF IGLB 0001100663 S000026652 iShares Core 10+ Year USD Bond ETF C000080010 iShares Core 10+ Year USD Bond ETF ILTB 0001100663 S000027327 iShares MSCI Europe Financials ETF C000082529 iShares MSCI Europe Financials ETF EUFN 0001100663 S000028552 iShares MSCI China Small-Cap ETF C000087422 iShares MSCI China Small-Cap ETF ECNS 0001100663 S000028553 iShares MSCI Indonesia ETF C000087423 iShares MSCI Indonesia ETF EIDO 0001100663 S000028554 iShares MSCI New Zealand ETF C000087424 iShares MSCI New Zealand ETF ENZL 0001100663 S000028556 iShares MSCI Poland ETF C000087428 iShares MSCI Poland ETF EPOL 0001100663 S000028677 iShares MSCI Brazil Small-Cap ETF C000087775 iShares MSCI Brazil Small-Cap ETF EWZS 0001100663 S000028681 iShares MSCI Ireland ETF C000087779 iShares MSCI Ireland ETF EIRL 0001100663 S000028735 iShares MSCI Philippines ETF C000087875 iShares MSCI Philippines ETF EPHE 0001100663 S000030481 iShares 0-5 Year TIPS Bond ETF C000093655 iShares 0-5 Year TIPS Bond ETF STIP 0001100663 S000031717 iShares MSCI China ETF C000098688 iShares MSCI China ETF MCHI 0001100663 S000031837 iShares MSCI EAFE Min Vol Factor ETF C000099140 iShares MSCI EAFE Min Vol Factor ETF EFAV 0001100663 S000031838 iShares MSCI USA Min Vol Factor ETF C000099141 iShares MSCI USA Min Vol Factor ETF USMV 0001100663 S000031844 iShares Core High Dividend ETF C000099165 iShares Core High Dividend ETF HDV 0001100663 S000033136 iShares Floating Rate Bond ETF C000102031 iShares Floating Rate Bond ETF FLOT 0001100663 S000034700 iShares MSCI India Small-Cap ETF C000106876 iShares MSCI India Small-Cap ETF SMIN 0001100663 S000034702 iShares MSCI India ETF C000106878 iShares MSCI India ETF INDA 0001100663 S000035383 iShares MSCI Denmark ETF C000108733 iShares MSCI Denmark ETF EDEN 0001100663 S000035386 iShares MSCI Finland ETF C000108737 iShares MSCI Finland ETF EFNL 0001100663 S000035387 iShares MSCI Germany Small-Cap ETF C000108738 iShares MSCI Germany Small-Cap ETF EWGS 0001100663 S000035389 iShares MSCI Norway ETF C000108740 iShares MSCI Norway ETF ENOR 0001100663 S000035393 iShares MSCI United Kingdom Small-Cap ETF C000108744 iShares MSCI United Kingdom Small-Cap ETF EWUS 0001100663 S000035914 iShares CMBS ETF C000110079 iShares CMBS ETF CMBS 0001100663 S000035915 iShares GNMA Bond ETF C000110080 iShares GNMA Bond ETF GNMA 0001100663 S000035916 iShares Aaa - A Rated Corporate Bond ETF C000110081 iShares Aaa - A Rated Corporate Bond ETF QLTA 0001100663 S000035919 iShares U.S. Treasury Bond ETF C000110086 iShares U.S. Treasury Bond ETF GOVT 0001100663 S000036830 iShares Morningstar Multi-Asset Income ETF C000112640 iShares Morningstar Multi-Asset Income ETF IYLD 0001100663 S000038926 iShares Core 1-5 Year USD Bond ETF C000119711 iShares Core 1-5 Year USD Bond ETF ISTB 0001100663 S000038930 iShares Core MSCI EAFE ETF C000119715 iShares Core MSCI EAFE ETF IEFA 0001100663 S000038931 iShares Core MSCI Total International Stock ETF C000119716 iShares Core MSCI Total International Stock ETF IXUS 0001100663 S000039663 iShares iBonds Mar 2023 Term Corporate ex-Financials ETF C000122833 iShares iBonds Mar 2023 Term Corporate ex-Financials ETF IBCE 0001100663 S000040204 iShares MSCI USA Size Factor ETF C000124960 iShares MSCI USA Size Factor ETF SIZE 0001100663 S000040205 iShares MSCI USA Value Factor ETF C000124961 iShares MSCI USA Value Factor ETF VLUE 0001100663 S000040316 iShares MSCI USA Momentum Factor ETF C000125223 iShares MSCI USA Momentum Factor ETF MTUM 0001100663 S000040347 iShares iBonds Mar 2023 Term Corporate ETF C000125276 iShares iBonds Mar 2023 Term Corporate ETF IBDD 0001100663 S000041444 iShares MSCI USA Quality Factor ETF C000128677 iShares MSCI USA Quality Factor ETF QUAL 0001100663 S000042353 iShares 0-5 Year High Yield Corporate Bond ETF C000131291 iShares 0-5 Year High Yield Corporate Bond ETF SHYG 0001100663 S000042354 iShares 0-5 Year Investment Grade Corporate Bond ETF C000131292 iShares 0-5 Year Investment Grade Corporate Bond ETF SLQD 0001100663 S000043040 iShares Currency Hedged MSCI EAFE ETF C000133231 iShares Currency Hedged MSCI EAFE ETF HEFA 0001100663 S000043042 iShares Currency Hedged MSCI Germany ETF C000133233 iShares Currency Hedged MSCI Germany ETF HEWG 0001100663 S000043043 iShares Currency Hedged MSCI Japan ETF C000133234 iShares Currency Hedged MSCI Japan ETF HEWJ 0001100663 S000044143 iShares Treasury Floating Rate Bond ETF C000137225 iShares Treasury Floating Rate Bond ETF TFLO 0001100663 S000044409 iShares Yield Optimized Bond ETF C000138243 iShares Yield Optimized Bond ETF BYLD 0001100663 S000045074 iShares MSCI Qatar ETF C000140043 iShares MSCI Qatar ETF QAT 0001100663 S000045075 iShares MSCI UAE ETF C000140044 iShares MSCI UAE ETF UAE 0001100663 S000045102 iShares Core MSCI Europe ETF C000140337 iShares Core MSCI Europe ETF IEUR 0001100663 S000045103 iShares Core MSCI Pacific ETF C000140338 iShares Core MSCI Pacific ETF IPAC 0001100663 S000045644 iShares Core Total USD Bond Market ETF C000141927 iShares Core Total USD Bond Market ETF IUSB 0001100663 S000045646 iShares Currency Hedged MSCI Eurozone ETF C000141929 iShares Currency Hedged MSCI Eurozone ETF HEZU 0001100663 S000045648 iShares Core Dividend Growth ETF C000141931 iShares Core Dividend Growth ETF DGRO 0001100663 S000045649 iShares Global REIT ETF C000141932 iShares Global REIT ETF REET 0001100663 S000046586 iShares MSCI United Kingdom ETF C000145378 iShares MSCI United Kingdom ETF EWU 0001100663 S000047435 iShares MSCI China A ETF C000148919 iShares MSCI China A ETF CNYA 0001100663 S000047503 iShares MSCI Intl Momentum Factor ETF C000149147 iShares MSCI Intl Momentum Factor ETF IMTM 0001100663 S000047504 iShares MSCI Intl Quality Factor ETF C000149148 iShares MSCI Intl Quality Factor ETF IQLT 0001100663 S000047644 iShares MSCI ACWI Low Carbon Target ETF C000149539 iShares MSCI ACWI Low Carbon Target ETF CRBN 0001100663 S000047939 iShares MSCI Saudi Arabia ETF C000150700 iShares MSCI Saudi Arabia ETF KSA 0001100663 S000048150 iShares iBonds Dec 2022 Term Corporate ETF C000152177 iShares iBonds Dec 2022 Term Corporate ETF IBDN 0001100663 S000048151 iShares iBonds Dec 2023 Term Corporate ETF C000152178 iShares iBonds Dec 2023 Term Corporate ETF IBDO 0001100663 S000048152 iShares iBonds Dec 2024 Term Corporate ETF C000152179 iShares iBonds Dec 2024 Term Corporate ETF IBDP 0001100663 S000048153 iShares iBonds Dec 2025 Term Corporate ETF C000152180 iShares iBonds Dec 2025 Term Corporate ETF IBDQ 0001100663 S000048311 iShares Exponential Technologies ETF C000152570 iShares Exponential Technologies ETF XT 0001100663 S000048622 iShares MSCI Global Multifactor ETF C000153270 iShares MSCI Global Multifactor ETF ACWF 0001100663 S000048623 iShares MSCI USA Multifactor ETF C000153271 iShares MSCI USA Multifactor ETF LRGF 0001100663 S000048624 iShares MSCI USA Small-Cap Multifactor ETF C000153272 iShares MSCI USA Small-Cap Multifactor ETF SMLF 0001100663 S000048637 iShares Convertible Bond ETF C000153287 iShares Convertible Bond ETF ICVT 0001100663 S000049023 iShares iBonds Dec 2022 Term Muni Bond ETF C000154546 iShares iBonds Dec 2022 Term Muni Bond ETF IBMK 0001100663 S000049024 iShares MSCI Intl Multifactor ETF C000154547 iShares MSCI Intl Multifactor ETF INTF 0001100663 S000049025 iShares MSCI Intl Small-Cap Multifactor ETF C000154548 iShares MSCI Intl Small-Cap Multifactor ETF ISCF 0001100663 S000049572 iShares MSCI Intl Size Factor ETF C000156613 iShares MSCI Intl Size Factor ETF ISZE 0001100663 S000049573 iShares MSCI Intl Value Factor ETF C000156614 iShares MSCI Intl Value Factor ETF IVLU 0001100663 S000049792 iShares Currency Hedged MSCI ACWI ex U.S. ETF C000157303 iShares Currency Hedged MSCI ACWI ex U.S. ETF HAWX 0001100663 S000049794 iShares Currency Hedged MSCI Canada ETF C000157305 iShares Currency Hedged MSCI Canada ETF HEWC 0001100663 S000049795 iShares Currency Hedged MSCI EAFE Small-Cap ETF C000157306 iShares Currency Hedged MSCI EAFE Small-Cap ETF HSCZ 0001100663 S000049801 iShares Currency Hedged MSCI United Kingdom ETF C000157312 iShares Currency Hedged MSCI United Kingdom ETF HEWU 0001100663 S000050721 iShares Currency Hedged JPX-Nikkei 400 ETF C000160171 iShares Currency Hedged JPX-Nikkei 400 ETF HJPX 0001100663 S000051261 iShares Core International Aggregate Bond ETF C000161648 iShares Core International Aggregate Bond ETF IAGG 0001100663 S000053600 iShares International Dividend Growth ETF C000168437 iShares International Dividend Growth ETF IGRO 0001100663 S000053601 iShares MSCI Global Sustainable Development Goals ETF C000168438 iShares MSCI Global Sustainable Development Goals ETF SDG 0001100663 S000054184 iShares ESG Advanced High Yield Corporate Bond ETF C000170245 iShares ESG Advanced High Yield Corporate Bond ETF HYXF 0001100663 S000054185 iShares ESG Aware MSCI EAFE ETF C000170246 iShares ESG Aware MSCI EAFE ETF ESGD 0001100663 S000054186 iShares Fallen Angels USD Bond ETF C000170247 iShares Fallen Angels USD Bond ETF FALN 0001100663 S000054723 iShares MSCI USA Small-Cap Min Vol Factor ETF C000171896 iShares MSCI USA Small-Cap Min Vol Factor ETF SMMV 0001100663 S000054724 iShares iBonds Dec 2023 Term Muni Bond ETF C000171897 iShares iBonds Dec 2023 Term Muni Bond ETF IBML 0001100663 S000054725 iShares iBonds Dec 2024 Term Muni Bond ETF C000171898 iShares iBonds Dec 2024 Term Muni Bond ETF IBMM 0001100663 S000055059 iShares iBonds Dec 2026 Term Corporate ETF C000173141 iShares iBonds Dec 2026 Term Corporate ETF IBDR 0001100663 S000055381 iShares ESG Aware MSCI USA ETF C000174221 iShares ESG Aware MSCI USA ETF ESGU 0001100663 S000055401 iShares Core 5-10 Year USD Bond ETF C000174365 iShares Core 5-10 Year USD Bond ETF IMTB 0001100663 S000056604 iShares Core MSCI International Developed Markets ETF C000179059 iShares Core MSCI International Developed Markets ETF IDEV 0001100663 S000057253 iShares MSCI Argentina and Global Exposure ETF C000182619 iShares MSCI Argentina and Global Exposure ETF AGT 0001100663 S000057341 iShares High Yield Bond Factor ETF C000182992 iShares High Yield Bond Factor ETF HYDB 0001100663 S000057342 iShares Investment Grade Bond Factor ETF C000182993 iShares Investment Grade Bond Factor ETF IGEB 0001100663 S000057567 iShares Russell 2500 ETF C000183467 iShares Russell 2500 ETF SMMD 0001100663 S000058036 iShares ESG Aware 1-5 Year USD Corporate Bond ETF C000189864 iShares ESG Aware 1-5 Year USD Corporate Bond ETF SUSB 0001100663 S000058037 iShares ESG Aware USD Corporate Bond ETF C000189865 iShares ESG Aware USD Corporate Bond ETF SUSC 0001100663 S000058301 iShares iBonds Dec 2027 Term Corporate ETF C000191091 iShares iBonds Dec 2027 Term Corporate ETF IBDS 0001100663 S000059297 iShares Broad USD High Yield Corporate Bond ETF C000194633 iShares Broad USD High Yield Corporate Bond ETF USHY 0001100663 S000059298 iShares U.S. Dividend and Buyback ETF C000194634 iShares U.S. Dividend and Buyback ETF DIVB 0001100663 S000060088 iShares U.S. Fixed Income Balanced Risk Factor ETF C000196720 iShares U.S. Fixed Income Balanced Risk Factor ETF FIBR 0001100663 S000061314 iShares U.S. Infrastructure ETF C000198491 iShares U.S. Infrastructure ETF IFRA 0001100663 S000061604 iShares ESG Aware MSCI USA Small-Cap ETF C000199548 iShares ESG Aware MSCI USA Small-Cap ETF ESML 0001100663 S000062159 iShares ESG Aware U.S. Aggregate Bond ETF C000201167 iShares ESG Aware U.S. Aggregate Bond ETF EAGG 0001100663 S000062201 iShares Robotics and Artificial Intelligence Multisector ETF C000201209 iShares Robotics and Artificial Intelligence Multisector ETF IRBO 0001100663 S000063041 iShares iBonds Dec 2028 Term Corporate ETF C000204503 iShares iBonds Dec 2028 Term Corporate ETF IBDT 0001100663 S000063114 iShares iBonds Dec 2025 Term Muni Bond ETF C000204675 iShares iBonds Dec 2025 Term Muni Bond ETF IBMN 0001100663 S000063115 iShares iBonds Dec 2026 Term Muni Bond ETF C000204676 iShares iBonds Dec 2026 Term Muni Bond ETF IBMO 0001100663 S000063139 iShares BB Rated Corporate Bond ETF C000204721 iShares BB Rated Corporate Bond ETF HYBB 0001100663 S000063466 iShares USD Green Bond ETF C000205645 iShares USD Green Bond ETF BGRN 0001100663 S000063520 iShares Self-Driving EV and Tech ETF C000205801 iShares Self-Driving EV and Tech ETF IDRV 0001100663 S000064771 iShares MSCI Japan Equal Weighted ETF C000209759 iShares MSCI Japan Equal Weighted ETF EWJE 0001100663 S000064903 iShares MSCI Japan Value ETF C000210083 iShares MSCI Japan Value ETF EWJV 0001100663 S000064965 iShares Focused Value Factor ETF C000210345 iShares Focused Value Factor ETF FOVL 0001100663 S000065014 iShares Cloud 5G and Tech ETF C000210492 iShares Cloud 5G and Tech ETF IDAT 0001100663 S000065015 iShares Cybersecurity and Tech ETF C000210493 iShares Cybersecurity and Tech ETF IHAK 0001100663 S000065128 iShares iBonds Dec 2027 Term Muni Bond ETF C000210857 iShares iBonds Dec 2027 Term Muni Bond ETF IBMP 0001100663 S000065129 iShares iBonds Dec 2028 Term Muni Bond ETF C000210858 iShares iBonds Dec 2028 Term Muni Bond ETF IBMQ 0001100663 S000065339 iShares iBonds 2022 Term High Yield and Income ETF C000211398 iShares iBonds 2022 Term High Yield and Income ETF IBHB 0001100663 S000065341 iShares iBonds 2023 Term High Yield and Income ETF C000211400 iShares iBonds 2023 Term High Yield and Income ETF IBHC 0001100663 S000065343 iShares iBonds 2024 Term High Yield and Income ETF C000211402 iShares iBonds 2024 Term High Yield and Income ETF IBHD 0001100663 S000065345 iShares iBonds 2025 Term High Yield and Income ETF C000211404 iShares iBonds 2025 Term High Yield and Income ETF IBHE 0001100663 S000065416 iShares MSCI USA Mid-Cap Multifactor ETF C000211556 iShares MSCI USA Mid-Cap Multifactor ETF MIDF 0001100663 S000065418 iShares ESG MSCI USA Leaders ETF C000211558 iShares ESG MSCI USA Leaders ETF SUSL 0001100663 S000065599 iShares Genomics Immunology and Healthcare ETF C000212225 iShares Genomics Immunology and Healthcare ETF IDNA 0001100663 S000066401 iShares iBonds Dec 2029 Term Corporate ETF C000214263 iShares iBonds Dec 2029 Term Corporate ETF IBDU 0001100663 S000066849 iShares Factors US Growth Style ETF C000215209 iShares Factors US Growth Style ETF STLG 0001100663 S000066851 iShares Factors US Value Style ETF C000215211 iShares Factors US Value Style ETF STLV 0001100663 S000067557 iShares iBonds Dec 2022 Term Treasury ETF C000217182 iShares iBonds Dec 2022 Term Treasury ETF IBTB 0001100663 S000067558 iShares iBonds Dec 2023 Term Treasury ETF C000217184 iShares iBonds Dec 2023 Term Treasury ETF IBTD 0001100663 S000067559 iShares iBonds Dec 2024 Term Treasury ETF C000217185 iShares iBonds Dec 2024 Term Treasury ETF IBTE 0001100663 S000067560 iShares iBonds Dec 2025 Term Treasury ETF C000217186 iShares iBonds Dec 2025 Term Treasury ETF IBTF 0001100663 S000067561 iShares iBonds Dec 2026 Term Treasury ETF C000217187 iShares iBonds Dec 2026 Term Treasury ETF IBTG 0001100663 S000067562 iShares iBonds Dec 2027 Term Treasury ETF C000217188 iShares iBonds Dec 2027 Term Treasury ETF IBTH 0001100663 S000067563 iShares iBonds Dec 2028 Term Treasury ETF C000217189 iShares iBonds Dec 2028 Term Treasury ETF IBTI 0001100663 S000067564 iShares iBonds Dec 2029 Term Treasury ETF C000217190 iShares iBonds Dec 2029 Term Treasury ETF IBTJ 0001100663 S000067838 iShares ESG MSCI EM Leaders ETF C000217590 iShares ESG MSCI EM Leaders ETF LDEM 0001100663 S000068137 iShares MSCI Kuwait ETF C000218229 iShares MSCI Kuwait ETF KWT 0001100663 S000068729 iShares ESG Aware Conservative Allocation ETF C000219699 iShares ESG Aware Conservative Allocation ETF EAOK 0001100663 S000068730 iShares ESG Aware Moderate Allocation ETF C000219700 iShares ESG Aware Moderate Allocation ETF EAOM 0001100663 S000068731 iShares ESG Aware Growth Allocation ETF C000219701 iShares ESG Aware Growth Allocation ETF EAOR 0001100663 S000068732 iShares ESG Aware Aggressive Allocation ETF C000219702 iShares ESG Aware Aggressive Allocation ETF EAOA 0001100663 S000068768 iShares 0-3 Month Treasury Bond ETF C000219740 iShares 0-3 Month Treasury Bond ETF SGOV 0001100663 S000068771 iShares ESG Advanced MSCI EAFE ETF C000219745 iShares ESG Advanced MSCI EAFE ETF DMXF 0001100663 S000068773 iShares ESG Advanced MSCI EM ETF C000219747 iShares ESG Advanced MSCI EM ETF EMXF 0001100663 S000068775 iShares ESG Advanced MSCI USA ETF C000219749 iShares ESG Advanced MSCI USA ETF USXF 0001100663 S000068777 iShares iBonds Dec 2030 Term Corporate ETF C000219751 iShares iBonds Dec 2030 Term Corporate ETF IBDV 0001100663 S000068817 iShares ESG Advanced Total USD Bond Market ETF C000219898 iShares ESG Advanced Total USD Bond Market ETF EUSB 0001100663 S000068912 iShares iBonds Dec 2030 Term Treasury ETF C000220170 iShares iBonds Dec 2030 Term Treasury ETF IBTK 0001100663 S000069338 iShares Virtual Work and Life Multisector ETF C000221317 iShares Virtual Work and Life Multisector ETF IWFH 0001100663 S000069532 iShares ESG Screened S&P 500 ETF C000221870 iShares ESG Screened S&P 500 ETF XVV 0001100663 S000069533 iShares ESG Screened S&P Mid-Cap ETF C000221871 iShares ESG Screened S&P Mid-Cap ETF XJH 0001100663 S000069536 iShares ESG Screened S&P Small-Cap ETF C000221874 iShares ESG Screened S&P Small-Cap ETF XJR 0001100663 S000069558 iShares 25+ Year Treasury STRIPS Bond ETF C000221912 iShares 25+ Year Treasury STRIPS Bond ETF GOVZ 0001100663 S000069740 iShares US Small Cap Value Factor ETF C000222498 iShares US Small Cap Value Factor ETF SVAL 0001100663 S000069852 iShares iBonds 2026 Term High Yield and Income ETF C000222633 iShares iBonds 2026 Term High Yield and Income ETF IBHF 0001100663 S000070653 iShares International Developed Small Cap Value Factor ETF C000224636 iShares International Developed Small Cap Value Factor ETF ISVL 0001100663 S000071770 iShares BBB Rated Corporate Bond ETF C000227271 iShares BBB Rated Corporate Bond ETF LQDB 0001100663 S000072204 iShares iBonds Dec 2031 Term Corporate ETF C000228040 iShares iBonds Dec 2031 Term Corporate ETF IBDW 0001100663 S000072335 iShares iBonds 2027 Term High Yield and Income ETF C000228465 iShares iBonds 2027 Term High Yield and Income ETF IBHG 0001100663 S000072402 iShares iBonds Dec 2031 Term Treasury ETF C000228602 iShares iBonds Dec 2031 Term Treasury ETF IBTL 0001100663 S000073477 iShares USD Bond Factor ETF C000230412 iShares USD Bond Factor ETF USBF 0001100663 S000073837 iShares ESG MSCI USA Min Vol Factor ETF C000231047 iShares ESG MSCI USA Min Vol Factor ETF ESMV 0001100663 S000074168 iShares ESG Advanced Investment Grade Corporate Bond ETF C000231752 iShares ESG Advanced Investment Grade Corporate Bond ETF ELQD 0001100663 S000074555 iShares MSCI China Multisector Tech ETF C000232534 iShares MSCI China Multisector Tech ETF TCHI 0001100663 S000074757 iShares Paris-Aligned Climate MSCI USA ETF C000232922 iShares Paris-Aligned Climate MSCI USA ETF PABU 0001100663 S000075472 iShares iBonds 2028 Term High Yield and Income ETF C000234589 iShares iBonds 2028 Term High Yield and Income ETF IBHH 0001100663 S000075473 iShares iBonds 2029 Term High Yield and Income ETF C000234590 iShares iBonds 2029 Term High Yield and Income ETF IBHI 0001524513 S000037042 BlackRock Short Maturity Bond ETF C000113876 BlackRock Short Maturity Bond ETF NEAR 0001524513 S000040474 BlackRock Ultra Short-Term Bond ETF C000125661 BlackRock Ultra Short-Term Bond ETF ICSH 0001524513 S000042862 iShares Interest Rate Hedged Corporate Bond ETF C000132817 iShares Interest Rate Hedged Corporate Bond ETF LQDH 0001524513 S000042863 iShares Interest Rate Hedged High Yield Bond ETF C000132818 iShares Interest Rate Hedged High Yield Bond ETF HYGH 0001524513 S000044145 iShares Interest Rate Hedged Long-Term Corporate Bond ETF C000137261 iShares Interest Rate Hedged Long-Term Corporate Bond ETF IGBH 0001524513 S000044146 iShares Interest Rate Hedged Emerging Markets Bond ETF C000137262 iShares Interest Rate Hedged Emerging Markets Bond ETF EMBH 0001524513 S000044971 iShares GSCI Commodity Dynamic Roll Strategy ETF C000139416 iShares GSCI Commodity Dynamic Roll Strategy ETF COMT 0001524513 S000047352 BlackRock Short Maturity Municipal Bond ETF C000148680 BlackRock Short Maturity Municipal Bond ETF MEAR 0001524513 S000058011 iShares Inflation Hedged Corporate Bond ETF C000189608 iShares Inflation Hedged Corporate Bond ETF LQDI 0001524513 S000061161 iShares Gold Strategy ETF C000198135 iShares Gold Strategy ETF IAUF 0001524513 S000061254 iShares Evolved U.S. Consumer Staples ETF C000198374 iShares Evolved U.S. Consumer Staples ETF IECS 0001524513 S000061255 iShares Evolved U.S. Discretionary Spending ETF C000198375 iShares Evolved U.S. Discretionary Spending ETF IEDI 0001524513 S000061256 iShares Evolved U.S. Financials ETF C000198376 iShares Evolved U.S. Financials ETF IEFN 0001524513 S000061257 iShares Evolved U.S. Healthcare Staples ETF C000198377 iShares Evolved U.S. Healthcare Staples ETF IEHS 0001524513 S000061258 iShares Evolved U.S. Innovative Healthcare ETF C000198378 iShares Evolved U.S. Innovative Healthcare ETF IEIH 0001524513 S000061259 iShares Evolved U.S. Media and Entertainment ETF C000198379 iShares Evolved U.S. Media and Entertainment ETF IEME 0001524513 S000061260 iShares Evolved U.S. Technology ETF C000198380 iShares Evolved U.S. Technology ETF IETC 0001524513 S000061337 iShares Bloomberg Roll Select Commodity Strategy ETF C000198581 iShares Bloomberg Roll Select Commodity Strategy ETF CMDY 0001524513 S000064843 iShares Commodity Curve Carry Strategy ETF C000209927 iShares Commodity Curve Carry Strategy ETF CCRV 497 1 d295276d497.htm FORM 497 Form 497

iShares®
iShares, Inc.
iShares Trust
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.

The following is added to the section of each Fund’s Prospectus entitled “A Further Discussion of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares or may invest in the Fund and hold its investment for a limited period of time. These shareholders may also pledge or loan Fund shares (to secure financing or otherwise), which may result in the shares becoming concentrated in another party. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment or that the size of the Fund would be maintained. Redemptions of a large number of Fund shares by these shareholders may adversely affect the Fund’s liquidity and net assets. To the extent the Fund permits redemptions in cash, these redemptions may force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, have a material effect on the market price of the Shares and increase the Fund’s brokerage costs and/or accelerate the realization of taxable income and/or gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such tax year. The Fund also may be required to sell its more liquid Fund investments to meet a large redemption, in which case the Fund’s remaining assets may be less liquid, more volatile, and more difficult to price. To the extent these large shareholders transact in shares on the secondary market, such transactions may account for a large percentage of the trading volume for the shares of the Fund and may, therefore, have a material upward or downward effect on the market price of the Shares. In addition, large purchases of Fund shares may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash and is required to maintain a larger cash position than it ordinarily would, diluting its investment returns.
The following is added to the section of each Fund’s Prospectus entitled “A Further Discussion of Other Risks” listed in Appendix B:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial

amount of Fund shares or may invest in the Fund and hold its investment for a limited period of time. These shareholders may also pledge or loan Fund shares (to secure financing or otherwise), which may result in the shares becoming concentrated in another party. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment or that the size of the Fund would be maintained. Redemptions of a large number of Fund shares by these shareholders may adversely affect the Fund’s liquidity and net assets. To the extent the Fund permits redemptions in cash, these redemptions may force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, have a material effect on the market price of the Shares and increase the Fund’s brokerage costs and/or accelerate the realization of taxable income and/or gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such tax year. The Fund also may be required to sell its more liquid Fund investments to meet a large redemption, in which case the Fund’s remaining assets may be less liquid, more volatile, and more difficult to price. To the extent these large shareholders transact in shares on the secondary market, such transactions may account for a large percentage of the trading volume for the shares of the Fund and may, therefore, have a material upward or downward effect on the market price of the Shares. In addition, large purchases of Fund shares may adversely affect the Fund’s performance to the extent that the Fund is delayed in investing new cash and is required to maintain a larger cash position than it ordinarily would, diluting its investment returns.

Appendix A
BlackRock Short Maturity Bond ETF
BlackRock Short Maturity Municipal Bond ETF
BlackRock Ultra Short-Term Bond ETF
iShares Asia 50 ETF
iShares Cloud 5G and Tech ETF
iShares Commodity Curve Carry Strategy ETF
iShares Core 1‑5 Year USD Bond ETF
iShares Core MSCI EAFE ETF
iShares Core MSCI Emerging Markets ETF
iShares Core MSCI International Developed Markets ETF
iShares Core MSCI Total International Stock ETF
iShares Core Total USD Bond Market ETF
iShares Core U.S. Aggregate Bond ETF
iShares Cybersecurity and Tech ETF
iShares Emerging Markets Dividend ETF
iShares Emerging Markets Infrastructure ETF
iShares ESG Advanced MSCI EM ETF
iShares ESG Advanced Total USD Bond Market ETF
iShares ESG Aware MSCI EM ETF
iShares ESG MSCI EM Leaders ETF
iShares Exponential Technologies ETF
iShares Genomics Immunology and Healthcare ETF
iShares Global 100 ETF
iShares Global Clean Energy ETF
iShares Global Comm Services ETF
iShares Global Consumer Discretionary ETF
iShares Global Consumer Staples ETF
iShares Global Energy ETF
iShares Global Financials ETF
iShares Global Healthcare ETF
iShares Global Industrials ETF
iShares Global Materials ETF
iShares Global REIT ETF
iShares Global Tech ETF
iShares Global Timber & Forestry ETF
iShares Global Utilities ETF
iShares GNMA Bond ETF
iShares Gold Strategy ETF
iShares GSCI Commodity Dynamic Roll Strategy ETF
iShares iBonds Dec 2022 Term Muni Bond ETF
iShares iBonds Dec 2023 Term Muni Bond ETF
iShares iBonds Dec 2024 Term Muni Bond ETF

iShares iBonds Dec 2025 Term Muni Bond ETF
iShares iBonds Dec 2026 Term Muni Bond ETF
iShares iBonds Dec 2027 Term Muni Bond ETF
iShares iBonds Dec 2028 Term Muni Bond ETF
iShares India 50 ETF
iShares Interest Rate Hedged Corporate Bond ETF
iShares Interest Rate Hedged Emerging Markets Bond ETF
iShares Interest Rate Hedged High Yield Bond ETF
iShares Interest Rate Hedged Long-Term Corporate Bond ETF
iShares International Developed Property ETF
iShares International Dividend Growth ETF
iShares International Select Dividend ETF
iShares Latin America 40 ETF
iShares MBS ETF
iShares MSCI ACWI ETF
iShares MSCI ACWI ex U.S. ETF
iShares MSCI ACWI Low Carbon Target ETF
iShares MSCI All Country Asia ex Japan ETF
iShares MSCI Argentina and Global Exposure ETF
iShares MSCI Brazil ETF
iShares MSCI Brazil Small‑Cap ETF
iShares MSCI BRIC ETF
iShares MSCI Chile ETF
iShares MSCI China A ETF
iShares MSCI China ETF
iShares MSCI China Multisector Tech ETF
iShares MSCI China Small‑Cap ETF
iShares MSCI Colombia ETF
iShares MSCI Emerging Markets Asia ETF
iShares MSCI Emerging Markets ETF
iShares MSCI Emerging Markets ex China ETF
iShares MSCI Emerging Markets Min Vol Factor ETF
iShares MSCI Emerging Markets Multifactor ETF
iShares MSCI Emerging Markets Small‑Cap ETF
iShares MSCI Frontier and Select EM ETF
iShares MSCI Global Agriculture Producers ETF
iShares MSCI Global Energy Producers ETF
iShares MSCI Global Gold Miners ETF
iShares MSCI Global Metals & Mining Producers ETF
iShares MSCI Global Min Vol Factor ETF
iShares MSCI Global Multifactor ETF
iShares MSCI Global Silver and Metals Miners ETF
iShares MSCI Global Sustainable Development Goals ETF

iShares MSCI India ETF
iShares MSCI India Small‑Cap ETF
iShares MSCI Kuwait ETF
iShares MSCI Malaysia ETF
iShares MSCI Peru ETF
iShares MSCI Qatar ETF
iShares MSCI Saudi Arabia ETF
iShares MSCI South Korea ETF
iShares MSCI Taiwan ETF
iShares MSCI UAE ETF
iShares Robotics and Artificial Intelligence Multisector ETF
iShares Self-Driving EV and Tech ETF
iShares U.S. Fixed Income Balanced Risk Factor ETF
iShares Virtual Work and Life Multisector ETF
Appendix B
iShares 0‑3 Month Treasury Bond ETF
iShares 0‑5 Year High Yield Corporate Bond ETF
iShares 0‑5 Year Investment Grade Corporate Bond ETF
iShares 0‑5 Year TIPS Bond ETF
iShares 10+ Year Investment Grade Corporate Bond ETF
iShares 10‑20 Year Treasury Bond ETF
iShares 1‑3 Year International Treasury Bond ETF
iShares 1‑3 Year Treasury Bond ETF
iShares 1‑5 Year Investment Grade Corporate Bond ETF
iShares 20+ Year Treasury Bond ETF
iShares 25+ Year Treasury STRIPS Bond ETF
iShares 3‑7 Year Treasury Bond ETF
iShares 5‑10 Year Investment Grade Corporate Bond ETF
iShares 7‑10 Year Treasury Bond ETF
iShares Aaa - A Rated Corporate Bond ETF
iShares Agency Bond ETF
iShares Asia/Pacific Dividend ETF
iShares BB Rated Corporate Bond ETF
iShares BBB Rated Corporate Bond ETF
iShares Biotechnology ETF
iShares Bloomberg Roll Select Commodity Strategy ETF
iShares Broad USD High Yield Corporate Bond ETF
iShares Broad USD Investment Grade Corporate Bond ETF
iShares California Muni Bond ETF
iShares China Large‑Cap ETF
iShares CMBS ETF
iShares Cohen & Steers REIT ETF

iShares Convertible Bond ETF
iShares Core 10+ Year USD Bond ETF
iShares Core 5‑10 Year USD Bond ETF
iShares Core Aggressive Allocation ETF
iShares Core Conservative Allocation ETF
iShares Core Dividend Growth ETF
iShares Core Growth Allocation ETF
iShares Core High Dividend ETF
iShares Core International Aggregate Bond ETF
iShares Core Moderate Allocation ETF
iShares Core MSCI Europe ETF
iShares Core MSCI Pacific ETF
iShares Core S&P 500 ETF
iShares Core S&P Mid‑Cap ETF
iShares Core S&P Small‑Cap ETF
iShares Core S&P Total U.S. Stock Market ETF
iShares Core S&P U.S. Growth ETF
iShares Core S&P U.S. Value ETF
iShares Core U.S. REIT ETF
iShares Currency Hedged JPX‑Nikkei 400 ETF
iShares Currency Hedged MSCI ACWI ex U.S. ETF
iShares Currency Hedged MSCI Canada ETF
iShares Currency Hedged MSCI EAFE ETF
iShares Currency Hedged MSCI EAFE Small‑Cap ETF
iShares Currency Hedged MSCI Emerging Markets ETF
iShares Currency Hedged MSCI Eurozone ETF
iShares Currency Hedged MSCI Germany ETF
iShares Currency Hedged MSCI Japan ETF
iShares Currency Hedged MSCI United Kingdom ETF
iShares Dow Jones U.S. ETF
iShares ESG Advanced High Yield Corporate Bond ETF
iShares ESG Advanced Investment Grade Corporate Bond ETF
iShares ESG Advanced MSCI EAFE ETF
iShares ESG Advanced MSCI USA ETF
iShares ESG Aware 1‑5 Year USD Corporate Bond ETF
iShares ESG Aware Aggressive Allocation ETF
iShares ESG Aware Conservative Allocation ETF
iShares ESG Aware Growth Allocation ETF
iShares ESG Aware Moderate Allocation ETF
iShares ESG Aware MSCI EAFE ETF
iShares ESG Aware MSCI USA ETF
iShares ESG Aware MSCI USA Small‑Cap ETF
iShares ESG Aware U.S. Aggregate Bond ETF

iShares ESG Aware USD Corporate Bond ETF
iShares ESG MSCI USA Leaders ETF
iShares ESG MSCI USA Min Vol Factor ETF
iShares ESG Screened S&P 500 ETF
iShares ESG Screened S&P Mid‑Cap ETF
iShares ESG Screened S&P Small‑Cap ETF
iShares Europe ETF
iShares Evolved U.S. Consumer Staples ETF
iShares Evolved U.S. Discretionary Spending ETF
iShares Evolved U.S. Financials ETF
iShares Evolved U.S. Healthcare Staples ETF
iShares Evolved U.S. Innovative Healthcare ETF
iShares Evolved U.S. Media and Entertainment ETF
iShares Evolved U.S. Technology ETF
iShares Expanded Tech Sector ETF
iShares Expanded Tech-Software Sector ETF
iShares Factors US Growth Style ETF
iShares Factors US Value Style ETF
iShares Fallen Angels USD Bond ETF
iShares Floating Rate Bond ETF
iShares Focused Value Factor ETF
iShares Global Infrastructure ETF
iShares Government/Credit Bond ETF
iShares High Yield Bond Factor ETF
iShares iBonds 2022 Term High Yield and Income ETF
iShares iBonds 2023 Term High Yield and Income ETF
iShares iBonds 2024 Term High Yield and Income ETF
iShares iBonds 2025 Term High Yield and Income ETF
iShares iBonds 2026 Term High Yield and Income ETF
iShares iBonds 2027 Term High Yield and Income ETF
iShares iBonds 2028 Term High Yield and Income ETF
iShares iBonds 2029 Term High Yield and Income ETF
iShares iBonds Dec 2022 Term Corporate ETF
iShares iBonds Dec 2022 Term Treasury ETF
iShares iBonds Dec 2023 Term Corporate ETF
iShares iBonds Dec 2023 Term Treasury ETF
iShares iBonds Dec 2024 Term Corporate ETF
iShares iBonds Dec 2024 Term Treasury ETF
iShares iBonds Dec 2025 Term Corporate ETF
iShares iBonds Dec 2025 Term Treasury ETF
iShares iBonds Dec 2026 Term Corporate ETF
iShares iBonds Dec 2026 Term Treasury ETF
iShares iBonds Dec 2027 Term Corporate ETF

iShares iBonds Dec 2027 Term Treasury ETF
iShares iBonds Dec 2028 Term Corporate ETF
iShares iBonds Dec 2028 Term Treasury ETF
iShares iBonds Dec 2029 Term Corporate ETF
iShares iBonds Dec 2029 Term Treasury ETF
iShares iBonds Dec 2030 Term Corporate ETF
iShares iBonds Dec 2030 Term Treasury ETF
iShares iBonds Dec 2031 Term Corporate ETF
iShares iBonds Dec 2031 Term Treasury ETF
iShares iBonds Mar 2023 Term Corporate ETF
iShares iBonds Mar 2023 Term Corporate ex‑Financials ETF
iShares iBoxx $ High Yield Corporate Bond ETF
iShares iBoxx $ Investment Grade Corporate Bond ETF
iShares Inflation Hedged Corporate Bond ETF
iShares Intermediate Government/Credit Bond ETF
iShares International Developed Real Estate ETF
iShares International Developed Small Cap Value Factor ETF
iShares International High Yield Bond ETF
iShares International Treasury Bond ETF
iShares Investment Grade Bond Factor ETF
iShares J.P. Morgan EM High Yield Bond ETF
iShares J.P. Morgan EM Corporate Bond ETF
iShares J.P. Morgan EM Local Currency Bond ETF
iShares J.P. Morgan USD Emerging Markets Bond ETF
iShares JPX‑Nikkei 400 ETF
iShares Micro‑Cap ETF
iShares Morningstar Growth ETF
iShares Morningstar Mid‑Cap ETF
iShares Morningstar Mid‑Cap Growth ETF
iShares Morningstar Mid‑Cap Value ETF
iShares Morningstar Multi-Asset Income ETF
iShares Morningstar Small‑Cap ETF
iShares Morningstar Small‑Cap Growth ETF
iShares Morningstar Small‑Cap Value ETF
iShares Morningstar U.S. Equity ETF
iShares Morningstar Value ETF
iShares Mortgage Real Estate ETF
iShares MSCI Australia ETF
iShares MSCI Austria ETF
iShares MSCI Belgium ETF
iShares MSCI Canada ETF
iShares MSCI Denmark ETF
iShares MSCI EAFE ETF

iShares MSCI EAFE Growth ETF
iShares MSCI EAFE Min Vol Factor ETF
iShares MSCI EAFE Small‑Cap ETF
iShares MSCI EAFE Value ETF
iShares MSCI Europe Financials ETF
iShares MSCI Europe Small‑Cap ETF
iShares MSCI Eurozone ETF
iShares MSCI Finland ETF
iShares MSCI France ETF
iShares MSCI Germany ETF
iShares MSCI Germany Small‑Cap ETF
iShares MSCI Hong Kong ETF
iShares MSCI Indonesia ETF
iShares MSCI Intl Momentum Factor ETF
iShares MSCI Intl Multifactor ETF
iShares MSCI Intl Quality Factor ETF
iShares MSCI Intl Size Factor ETF
iShares MSCI Intl Small‑Cap Multifactor ETF
iShares MSCI Intl Value Factor ETF
iShares MSCI Ireland ETF
iShares MSCI Israel ETF
iShares MSCI Italy ETF
iShares MSCI Japan Equal Weighted ETF
iShares MSCI Japan ETF
iShares MSCI Japan Small‑Cap ETF
iShares MSCI Japan Value ETF
iShares MSCI KLD 400 Social ETF
iShares MSCI Mexico ETF
iShares MSCI Netherlands ETF
iShares MSCI New Zealand ETF
iShares MSCI Norway ETF
iShares MSCI Pacific ex Japan ETF
iShares MSCI Philippines ETF
iShares MSCI Poland ETF
iShares MSCI Russia ETF
iShares MSCI Singapore ETF
iShares MSCI South Africa ETF
iShares MSCI Spain ETF
iShares MSCI Sweden ETF
iShares MSCI Switzerland ETF
iShares MSCI Thailand ETF
iShares MSCI Turkey ETF
iShares MSCI United Kingdom ETF

iShares MSCI United Kingdom Small‑Cap ETF
iShares MSCI USA Equal Weighted ETF
iShares MSCI USA ESG Select ETF
iShares MSCI USA Mid‑Cap Multifactor ETF
iShares MSCI USA Min Vol Factor ETF
iShares MSCI USA Momentum Factor ETF
iShares MSCI USA Multifactor ETF
iShares MSCI USA Quality Factor ETF
iShares MSCI USA Size Factor ETF
iShares MSCI USA Small‑Cap Min Vol Factor ETF
iShares MSCI USA Small‑Cap Multifactor ETF
iShares MSCI USA Value Factor ETF
iShares MSCI World ETF
iShares National Muni Bond ETF
iShares New York Muni Bond ETF
iShares North American Natural Resources ETF
iShares North American Tech-Multimedia Networking ETF
iShares Paris-Aligned Climate MSCI USA ETF
iShares Preferred and Income Securities ETF
iShares Residential and Multisector Real Estate ETF
iShares Russell 1000 ETF
iShares Russell 1000 Growth ETF
iShares Russell 1000 Value ETF
iShares Russell 2000 ETF
iShares Russell 2000 Growth ETF
iShares Russell 2000 Value ETF
iShares Russell 2500 ETF
iShares Russell 3000 ETF
iShares Russell Mid‑Cap ETF
iShares Russell Mid‑Cap Growth ETF
iShares Russell Mid‑Cap Value ETF
iShares Russell Top 200 ETF
iShares Russell Top 200 Growth ETF
iShares Russell Top 200 Value ETF
iShares S&P 100 ETF
iShares S&P 500 Growth ETF
iShares S&P 500 Value ETF
iShares S&P Mid‑Cap 400 Growth ETF
iShares S&P Mid‑Cap 400 Value ETF
iShares S&P Small‑Cap 600 Growth ETF
iShares S&P Small‑Cap 600 Value ETF
iShares Select Dividend ETF
iShares Semiconductor ETF

iShares Short Treasury Bond ETF
iShares Short-Term National Muni Bond ETF
iShares TIPS Bond ETF
iShares Treasury Floating Rate Bond ETF
iShares U.S. Aerospace & Defense ETF
iShares U.S. Basic Materials ETF
iShares U.S. Broker-Dealers & Securities Exchanges ETF
iShares U.S. Consumer Discretionary ETF
iShares U.S. Consumer Staples ETF
iShares U.S. Dividend and Buyback ETF
iShares U.S. Energy ETF
iShares U.S. Financial Services ETF
iShares U.S. Financials ETF
iShares U.S. Healthcare ETF
iShares U.S. Healthcare Providers ETF
iShares U.S. Home Construction ETF
iShares U.S. Industrials ETF
iShares U.S. Infrastructure ETF
iShares U.S. Insurance ETF
iShares U.S. Medical Devices ETF
iShares U.S. Oil & Gas Exploration & Production ETF
iShares U.S. Oil Equipment & Services ETF
iShares U.S. Pharmaceuticals ETF
iShares U.S. Real Estate ETF
iShares U.S. Regional Banks ETF
iShares U.S. Technology ETF
iShares U.S. Telecommunications ETF
iShares U.S. Transportation ETF
iShares U.S. Treasury Bond ETF
iShares U.S. Utilities ETF
iShares US & Intl High Yield Corp Bond ETF
iShares US Small Cap Value Factor ETF
iShares USD Bond Factor ETF
iShares USD Green Bond ETF
iShares Yield Optimized Bond ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
 
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
IS‑A‑SUPP‑ALL1‑0322
 
 
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Financials ETF iShares Global Financials ETF Member S000004372 [Member] iShares Global Healthcare ETF iShares Global Healthcare ETF Member S000008882 [Member] iShares Global Industrials ETF iShares Global Industrials ETF Member S000008884 [Member] iShares Global Materials ETF iShares Global Materials ETF Member S000045649 [Member] iShares Global REIT ETF iShares Global REIT ETF Member S000004305 [Member] iShares Global Tech ETF iShares Global Tech ETF Member S000022500 [Member] iShares Global Timber & Forestry ETF iShares Global Timber & Forestry ETF Member iShares Global Timber & Forestry ETF S000008883 [Member] iShares Global Utilities ETF iShares Global Utilities ETF Member S000035915 [Member] iShares GNMA Bond ETF iShares GNMA Bond ETF Member S000061161 [Member] iShares Gold Strategy ETF iShares Gold Strategy ETF Member S000044971 [Member] iShares GSCI Commodity Dynamic Roll Strategy ETF iShares GSCI Commodity Dynamic Roll Strategy ETF Member S000049023 [Member] iShares iBonds Dec 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Member S000068137 [Member] iShares MSCI Kuwait ETF iShares MSCI Kuwait ETF Member S000004250 [Member] iShares MSCI Malaysia ETF iShares MSCI Malaysia ETF Member S000024426 [Member] iShares MSCI Peru ETF iShares MSCI Peru ETF Member S000045074 [Member] iShares MSCI Qatar ETF iShares MSCI Qatar ETF Member S000047939 [Member] iShares MSCI Saudi Arabia ETF iShares MSCI Saudi Arabia ETF Member S000004258 [Member] iShares MSCI South Korea ETF iShares MSCI South Korea ETF Member S000004261 [Member] iShares MSCI Taiwan ETF iShares MSCI Taiwan ETF Member S000045075 [Member] iShares MSCI UAE ETF iShares MSCI UAE ETF Member S000062201 [Member] iShares Robotics and Artificial Intelligence Multisector ETF iShares Robotics and Artificial Intelligence Multisector ETF Member S000063520 [Member] iShares Self-Driving EV and Tech ETF iShares Self-Driving EV and Tech ETF Member S000060088 [Member] iShares U.S. Fixed Income Balanced Risk Factor ETF iShares U.S. Fixed Income Balanced Risk Factor ETF Member S000069338 [Member] iShares Virtual Work and Life Multisector ETF iShares Virtual Work and Life Multisector ETF Member Before Taxes After Taxes on Distributions After Taxes on Distributions and Sales Share Classes C000011954 [Member] iShares MSCI Malaysia ETF iShares MSCI Malaysia ETF C000011962 [Member] iShares MSCI South Korea ETF iShares MSCI South Korea ETF C000011965 [Member] iShares MSCI Taiwan ETF iShares MSCI Taiwan ETF C000011968 [Member] iShares MSCI Brazil ETF iShares MSCI Brazil ETF C000011970 [Member] iShares MSCI Emerging Markets ETF iShares MSCI Emerging Markets ETF C000012035 [Member] iShares Global Tech ETF iShares Global Tech ETF C000012056 [Member] iShares Global 100 ETF iShares Global 100 ETF C000012078 [Member] iShares Latin America 40 ETF iShares Latin America 40 ETF C000012089 [Member] iShares Global Energy ETF iShares Global Energy ETF C000012092 [Member] iShares Core U.S. Aggregate Bond ETF iShares Core U.S. Aggregate Bond ETF C000012100 [Member] iShares Global Financials ETF iShares Global Financials ETF C000012102 [Member] iShares Global Healthcare ETF iShares Global Healthcare ETF C000012103 [Member] iShares Global Comm Services ETF iShares Global Comm Services ETF C000024194 [Member] iShares Global Consumer Discretionary ETF iShares Global Consumer Discretionary ETF C000024195 [Member] iShares Global Consumer Staples ETF iShares Global Consumer Staples ETF C000024196 [Member] iShares Global Industrials ETF iShares Global Industrials ETF C000024197 [Member] iShares Global Utilities ETF iShares Global Utilities ETF C000024198 [Member] iShares Global Materials ETF iShares Global Materials ETF C000037544 [Member] iShares MBS ETF iShares MBS ETF C000049094 [Member] iShares International Select Dividend ETF iShares International Select Dividend ETF C000049095 [Member] iShares Asia 50 ETF iShares Asia 50 ETF C000049096 [Member] iShares International Developed Property ETF iShares International Developed Property ETF C000050065 [Member] iShares 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ETF BlackRock Short Maturity Municipal Bond ETF C000148919 [Member] iShares MSCI China A ETF iShares MSCI China A ETF C000149539 [Member] iShares MSCI ACWI Low Carbon Target ETF iShares MSCI ACWI Low Carbon Target ETF C000150700 [Member] iShares MSCI Saudi Arabia ETF iShares MSCI Saudi Arabia ETF C000152570 [Member] iShares Exponential Technologies ETF iShares Exponential Technologies ETF C000153270 [Member] iShares MSCI Global Multifactor ETF iShares MSCI Global Multifactor ETF C000154544 [Member] iShares MSCI Emerging Markets Multifactor ETF iShares MSCI Emerging Markets Multifactor ETF C000154546 [Member] iShares iBonds Dec 2022 Term Muni Bond ETF iShares iBonds Dec 2022 Term Muni Bond ETF C000168437 [Member] iShares International Dividend Growth ETF iShares International Dividend Growth ETF C000168438 [Member] iShares MSCI Global Sustainable Development Goals ETF iShares MSCI Global Sustainable Development Goals ETF C000170244 [Member] iShares ESG Aware MSCI EM ETF iShares ESG 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Term Muni Bond ETF C000204676 [Member] iShares iBonds Dec 2026 Term Muni Bond ETF iShares iBonds Dec 2026 Term Muni Bond ETF C000205801 [Member] iShares Self-Driving EV and Tech ETF iShares Self-Driving EV and Tech ETF C000209927 [Member] iShares Commodity Curve Carry Strategy ETF iShares Commodity Curve Carry Strategy ETF C000210492 [Member] iShares Cloud 5G and Tech ETF iShares Cloud 5G and Tech ETF C000210493 [Member] iShares Cybersecurity and Tech ETF iShares Cybersecurity and Tech ETF C000210857 [Member] iShares iBonds Dec 2027 Term Muni Bond ETF iShares iBonds Dec 2027 Term Muni Bond ETF C000210858 [Member] iShares iBonds Dec 2028 Term Muni Bond ETF iShares iBonds Dec 2028 Term Muni Bond ETF C000212225 [Member] iShares Genomics Immunology and Healthcare ETF iShares Genomics Immunology and Healthcare ETF C000217590 [Member] iShares ESG MSCI EM Leaders ETF iShares ESG MSCI EM Leaders ETF C000218229 [Member] iShares MSCI Kuwait ETF iShares MSCI Kuwait ETF C000219747 [Member] iShares 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iShares®
iShares, Inc.
iShares Trust
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
BlackRock Short Maturity Bond ETF
BlackRock Short Maturity Municipal Bond ETF
BlackRock Ultra Short-Term Bond ETF
iShares Asia 50 ETF
iShares Cloud 5G and Tech ETF
iShares Commodity Curve Carry Strategy ETF
iShares Core 1‑5 Year USD Bond ETF
iShares Core MSCI EAFE ETF
iShares Core MSCI Emerging Markets ETF
iShares Core MSCI International Developed Markets ETF
iShares Core MSCI Total International Stock ETF
iShares Core Total USD Bond Market ETF
iShares Core U.S. Aggregate Bond ETF
iShares Cybersecurity and Tech ETF
iShares Emerging Markets Dividend ETF
iShares Emerging Markets Infrastructure ETF
iShares ESG Advanced MSCI EM ETF
iShares ESG Advanced Total USD Bond Market ETF
iShares ESG Aware MSCI EM ETF
iShares ESG MSCI EM Leaders ETF
iShares Exponential Technologies ETF
iShares Genomics Immunology and Healthcare ETF
iShares Global 100 ETF
iShares Global Clean Energy ETF
iShares Global Comm Services ETF
iShares Global Consumer Discretionary ETF
iShares Global Consumer Staples ETF
iShares Global Energy ETF
iShares Global Financials ETF
iShares Global Healthcare ETF
iShares Global Industrials ETF
iShares Global Materials ETF
iShares Global REIT ETF
iShares Global Tech ETF
iShares Global Timber & Forestry ETF
iShares Global Utilities ETF
iShares GNMA Bond ETF
iShares Gold Strategy ETF
iShares GSCI Commodity Dynamic Roll Strategy ETF
iShares iBonds Dec 2022 Term Muni Bond ETF
iShares iBonds Dec 2023 Term Muni Bond ETF
iShares iBonds Dec 2024 Term Muni Bond ETF
iShares iBonds Dec 2025 Term Muni Bond ETF
iShares iBonds Dec 2026 Term Muni Bond ETF
iShares iBonds Dec 2027 Term Muni Bond ETF
iShares iBonds Dec 2028 Term Muni Bond ETF
iShares India 50 ETF
iShares Interest Rate Hedged Corporate Bond ETF
iShares Interest Rate Hedged Emerging Markets Bond ETF
iShares Interest Rate Hedged High Yield Bond ETF
iShares Interest Rate Hedged Long-Term Corporate Bond ETF
iShares International Developed Property ETF
iShares International Dividend Growth ETF
iShares International Select Dividend ETF
iShares Latin America 40 ETF
iShares MBS ETF
iShares MSCI ACWI ETF
iShares MSCI ACWI ex U.S. ETF
iShares MSCI ACWI Low Carbon Target ETF
iShares MSCI All Country Asia ex Japan ETF
iShares MSCI Argentina and Global Exposure ETF
iShares MSCI Brazil ETF
iShares MSCI Brazil Small‑Cap ETF
iShares MSCI BRIC ETF
iShares MSCI Chile ETF
iShares MSCI China A ETF
iShares MSCI China ETF
iShares MSCI China Multisector Tech ETF
iShares MSCI China Small‑Cap ETF
iShares MSCI Colombia ETF
iShares MSCI Emerging Markets Asia ETF
iShares MSCI Emerging Markets ETF
iShares MSCI Emerging Markets ex China ETF
iShares MSCI Emerging Markets Min Vol Factor ETF
iShares MSCI Emerging Markets Multifactor ETF
iShares MSCI Emerging Markets Small‑Cap ETF
iShares MSCI Frontier and Select EM ETF
iShares MSCI Global Agriculture Producers ETF
iShares MSCI Global Energy Producers ETF
iShares MSCI Global Gold Miners ETF
iShares MSCI Global Metals & Mining Producers ETF
iShares MSCI Global Min Vol Factor ETF
iShares MSCI Global Multifactor ETF
iShares MSCI Global Silver and Metals Miners ETF
iShares MSCI Global Sustainable Development Goals ETF
iShares MSCI India ETF
iShares MSCI India Small‑Cap ETF
iShares MSCI Kuwait ETF
iShares MSCI Malaysia ETF
iShares MSCI Peru ETF
iShares MSCI Qatar ETF
iShares MSCI Saudi Arabia ETF
iShares MSCI South Korea ETF
iShares MSCI Taiwan ETF
iShares MSCI UAE ETF
iShares Robotics and Artificial Intelligence Multisector ETF
iShares Self-Driving EV and Tech ETF
iShares U.S. Fixed Income Balanced Risk Factor ETF
iShares Virtual Work and Life Multisector ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares Core MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Core MSCI Emerging Markets ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares Emerging Markets Dividend ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Emerging Markets Dividend ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares ESG Aware MSCI EM ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares ESG Aware MSCI EM ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Brazil ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Brazil ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI BRIC ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI BRIC ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Chile ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Chile ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Colombia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Colombia ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets Asia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Emerging Markets Asia ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Emerging Markets ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets ex China ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Emerging Markets ex China ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets Min Vol Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Emerging Markets Min Vol Factor ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets Multifactor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Emerging Markets Multifactor ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Emerging Markets Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Emerging Markets Small‑Cap ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Frontier and Select EM ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Frontier and Select EM ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Agriculture Producers ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Global Agriculture Producers ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Energy Producers ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Global Energy Producers ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Gold Miners ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Global Gold Miners ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Metals & Mining Producers ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Global Metals & Mining Producers ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Min Vol Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Global Min Vol Factor ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Global Silver and Metals Miners ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Global Silver and Metals Miners ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Malaysia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Malaysia ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI South Korea ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI South Korea ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares, Inc. | iShares MSCI Taiwan ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Taiwan ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Asia 50 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Asia 50 ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Cloud 5G and Tech ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Cloud 5G and Tech ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core 1-5 Year USD Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Core 1‑5 Year USD Bond ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core MSCI EAFE ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Core MSCI EAFE ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core MSCI International Developed Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Core MSCI International Developed Markets ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core MSCI Total International Stock ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Core MSCI Total International Stock ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core Total USD Bond Market ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Core Total USD Bond Market ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Core U.S. Aggregate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Core U.S. Aggregate Bond ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Cybersecurity and Tech ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Cybersecurity and Tech ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Emerging Markets Infrastructure ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Emerging Markets Infrastructure ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Advanced MSCI EM ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares ESG Advanced MSCI EM ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG Advanced Total USD Bond Market ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares ESG Advanced Total USD Bond Market ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares ESG MSCI EM Leaders ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares ESG MSCI EM Leaders ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Exponential Technologies ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Exponential Technologies ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Genomics Immunology and Healthcare ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Genomics Immunology and Healthcare ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global 100 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global 100 ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Clean Energy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Clean Energy ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Comm Services ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Comm Services ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Consumer Discretionary ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Consumer Discretionary ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Consumer Staples ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Consumer Staples ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Energy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Energy ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Financials ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Financials ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Healthcare ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Healthcare ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Industrials ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Industrials ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Materials ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Materials ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global REIT ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global REIT ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Tech ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Tech ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Timber & Forestry ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Timber & Forestry ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Global Utilities ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Global Utilities ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares GNMA Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares GNMA Bond ETF
If you have 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 iBonds Dec 2022 Term Muni Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares iBonds Dec 2022 Term Muni Bond ETF
If you have 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 iBonds Dec 2023 Term Muni Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares iBonds Dec 2023 Term Muni Bond ETF
If you have 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 iBonds Dec 2024 Term Muni Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares iBonds Dec 2024 Term Muni Bond ETF
If you have 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 iBonds Dec 2025 Term Muni Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares iBonds Dec 2025 Term Muni Bond ETF
If you have 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 iBonds Dec 2026 Term Muni Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares iBonds Dec 2026 Term Muni Bond ETF
If you have 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 iBonds Dec 2027 Term Muni Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares iBonds Dec 2027 Term Muni Bond ETF
If you have 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 iBonds Dec 2028 Term Muni Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares iBonds Dec 2028 Term Muni Bond ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares India 50 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares India 50 ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares International Developed Property ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares International Developed Property ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares International Dividend Growth ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares International Dividend Growth ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares International Select Dividend ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares International Select Dividend ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Latin America 40 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Latin America 40 ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MBS ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MBS ETF
If you have 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 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI ACWI ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI ACWI ex U.S. ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI ACWI ex U.S. ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI ACWI Low Carbon Target ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI ACWI Low Carbon Target ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI All Country Asia ex Japan ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI All Country Asia ex Japan ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Argentina and Global Exposure ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Argentina and Global Exposure ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Brazil Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Brazil Small‑Cap ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI China A ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI China A ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI China ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI China ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI China Multisector Tech ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI China Multisector Tech ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI China Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI China Small‑Cap ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Global Multifactor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Global Multifactor ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Global Sustainable Development Goals ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Global Sustainable Development Goals ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI India ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI India ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI India Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI India Small‑Cap ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Kuwait ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Kuwait ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Peru ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Peru ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Qatar ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Qatar ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI Saudi Arabia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI Saudi Arabia ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares MSCI UAE ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares MSCI UAE ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Robotics and Artificial Intelligence Multisector ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Robotics and Artificial Intelligence Multisector ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Self-Driving EV and Tech ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Self-Driving EV and Tech ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares U.S. Fixed Income Balanced Risk Factor ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares U.S. Fixed Income Balanced Risk Factor ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iSHARES TRUST | iShares Virtual Work and Life Multisector ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Virtual Work and Life Multisector ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares U.S. ETF Trust | BlackRock Short Maturity Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
BlackRock Short Maturity Bond ETF
If you have 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 | BlackRock Short Maturity Municipal Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
BlackRock Short Maturity Municipal Bond ETF
If you have 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 | BlackRock Ultra Short-Term Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
BlackRock Ultra Short-Term Bond ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares U.S. ETF Trust | iShares Commodity Curve Carry Strategy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Commodity Curve Carry Strategy ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares U.S. ETF Trust | iShares Gold Strategy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Gold Strategy ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares U.S. ETF Trust | iShares GSCI Commodity Dynamic Roll Strategy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares GSCI Commodity Dynamic Roll Strategy ETF
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares U.S. ETF Trust | iShares Interest Rate Hedged Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Interest Rate Hedged Corporate Bond ETF
If you have 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 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Interest Rate Hedged Emerging Markets Bond ETF
If you have 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 High Yield Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Interest Rate Hedged High Yield Bond ETF
If you have 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 Long-Term Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares U.S. ETF Trust
Supplement dated March 7, 2022 (the “Supplement”)
to the Summary Prospectus and Prospectus, as applicable,
for each series of iShares, Inc., iShares Trust and iShares U.S. ETF Trust
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 and/or Prospectus, as applicable, are amended as follows:
The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:
Large Shareholder and Large-Scale Redemption Risk. Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.
Appendix A
iShares Interest Rate Hedged Long-Term Corporate Bond ETF
If you 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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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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">BlackRock Short Maturity Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">BlackRock Short Maturity Municipal Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">BlackRock Ultra Short-Term Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Asia 50 ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Cloud 5G and Tech ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Commodity Curve Carry Strategy ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core 1‑5 Year USD Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI EAFE ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI Emerging Markets ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI International Developed Markets ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI Total International Stock ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core Total USD Bond Market ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core U.S. Aggregate Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Cybersecurity and Tech ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Emerging Markets Dividend ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Emerging Markets Infrastructure ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Advanced MSCI EM ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Advanced Total USD Bond Market ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Aware MSCI EM ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG MSCI EM Leaders ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Exponential Technologies ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Genomics Immunology and Healthcare ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global 100 ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Clean Energy ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Comm Services ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Consumer Discretionary ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Consumer Staples ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Energy ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Financials ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Healthcare ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Industrials ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Materials ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global REIT ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Tech ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Timber &amp; Forestry ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Utilities ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares GNMA Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Gold Strategy ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares GSCI Commodity Dynamic Roll Strategy ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2022 Term Muni Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2023 Term Muni Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2024 Term Muni Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2025 Term Muni Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2026 Term Muni Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2027 Term Muni Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2028 Term Muni Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares India 50 ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Interest Rate Hedged Corporate Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Interest Rate Hedged Emerging Markets Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Interest Rate Hedged High Yield Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Interest Rate Hedged Long-Term Corporate Bond ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares International Developed Property ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares International Dividend Growth ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares International Select Dividend ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Latin America 40 ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MBS ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI ex U.S. ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI Low Carbon Target ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI All Country Asia ex Japan ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Argentina and Global Exposure ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Brazil ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Brazil Small‑Cap ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI BRIC ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Chile ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI China A ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI China ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI China Multisector Tech ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI China Small‑Cap ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Colombia ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Asia ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets ex China ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Min Vol Factor ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Multifactor ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Small‑Cap ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Frontier and Select EM ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Agriculture Producers ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Energy Producers ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Gold Miners ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Metals &amp; Mining Producers ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Min Vol Factor ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Multifactor ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Silver and Metals Miners ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Sustainable Development Goals ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI India ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI India Small‑Cap ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Kuwait ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Malaysia ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Peru ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Qatar ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Saudi Arabia ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI South Korea ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Taiwan ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI UAE ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Robotics and Artificial Intelligence Multisector ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Self-Driving EV and Tech ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares U.S. Fixed Income Balanced Risk Factor ETF</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Virtual Work and Life Multisector ETF</div> <div style="margin-top: 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI Emerging Markets ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Emerging Markets Dividend ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Aware MSCI EM ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Brazil ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI BRIC ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Chile ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Colombia ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Asia ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Min Vol Factor ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Multifactor ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets Small‑Cap ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Frontier and Select EM ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Agriculture Producers ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Energy Producers ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Gold Miners ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Metals &amp; Mining Producers ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Min Vol Factor ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Silver and Metals Miners ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Malaysia ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI South Korea ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Taiwan ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">BlackRock Short Maturity Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">BlackRock Short Maturity Municipal Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">BlackRock Ultra Short-Term Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Commodity Curve Carry Strategy ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Gold Strategy ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares GSCI Commodity Dynamic Roll Strategy ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Interest Rate Hedged Corporate Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Interest Rate Hedged Emerging Markets Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Interest Rate Hedged High Yield Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Interest Rate Hedged Long-Term Corporate Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Asia 50 ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Cloud 5G and Tech ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core 1‑5 Year USD Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI EAFE ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI International Developed Markets ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core MSCI Total International Stock ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core U.S. Aggregate Bond ETF</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;">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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Cybersecurity and Tech ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Emerging Markets Infrastructure ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Advanced MSCI EM ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG Advanced Total USD Bond Market ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares ESG MSCI EM Leaders ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Exponential Technologies ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Genomics Immunology and Healthcare ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global 100 ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Clean Energy ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Comm Services ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Consumer Discretionary ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Consumer Staples ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Energy ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Financials ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Healthcare ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Industrials ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Materials ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global REIT ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Tech ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Timber &amp; Forestry ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Global Utilities ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares GNMA Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2022 Term Muni Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2023 Term Muni Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2024 Term Muni Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2025 Term Muni Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2026 Term Muni Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2027 Term Muni Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares iBonds Dec 2028 Term Muni Bond ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares India 50 ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares International Developed Property ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares International Dividend Growth ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares International Select Dividend ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Latin America 40 ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MBS ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI ex U.S. ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI ACWI Low Carbon Target ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI All Country Asia ex Japan ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Argentina and Global Exposure ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Brazil Small‑Cap ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI China A ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI China ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI China Multisector Tech ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI China Small‑Cap ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Multifactor ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Global Sustainable Development Goals ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI India ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI India Small‑Cap ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Kuwait ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Peru ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Qatar ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Saudi Arabia ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI UAE ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Robotics and Artificial Intelligence Multisector ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Self-Driving EV and Tech ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares U.S. Fixed Income Balanced Risk Factor ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Virtual Work and Life Multisector ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares Core Total USD Bond Market ETF</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 7, 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 and Prospectus, 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 of iShares, Inc., iShares Trust and 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;">listed in Appendix A and Appendix B (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 and/or Prospectus, as applicable, are amended as follows:</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold;">The following is added to the section of each Fund’s Summary Prospectus entitled “Summary of Principal Risks” listed in Appendix A:</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;">Large Shareholder and Large-Scale Redemption Risk.</span></span> Certain shareholders, including an Authorized Participant, a third-party investor, the Fund’s adviser or an affiliate of the Fund’s adviser, a market maker, or another entity, may from time to time own or manage a substantial amount of Fund shares, or may invest in the Fund and hold its investment for a limited period of time. There can be no assurance that any large shareholder or large group of shareholders would not redeem their investment. Redemptions of a large number of Fund shares could require the Fund to dispose of assets to meet the redemption requests, which can accelerate the realization of taxable income and/or capital gains and cause the Fund to make taxable distributions to its shareholders earlier than the Fund otherwise would have. In addition, under certain circumstances, non‑redeeming shareholders may be treated as receiving a disproportionately large taxable distribution during or with respect to such year. In some circumstances, the Fund may hold a relatively large proportion of its assets in cash in anticipation of large redemptions, diluting its investment returns. These large redemptions may also force the Fund to sell portfolio securities when it might not otherwise do so, which may negatively impact the Fund’s NAV, increase the Fund’s brokerage costs and/or have a material effect on the market price of the Shares.</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial; font-weight: bold; text-align: center;">Appendix A</div> <div style="margin-top: 0pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">iShares MSCI Emerging Markets ex China ETF</div> <div style="margin-top: 6pt; margin-bottom: 0pt; font-size: 10pt; font-family: arial;">If you have any questions, please call 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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