0001193125-22-091977.txt : 20220331 0001193125-22-091977.hdr.sgml : 20220331 20220331165217 ACCESSION NUMBER: 0001193125-22-091977 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 14 FILED AS OF DATE: 20220331 DATE AS OF CHANGE: 20220331 EFFECTIVENESS DATE: 20220331 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: 22793607 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415) 670-2000 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: iSHARES INC DATE OF NAME CHANGE: 20070126 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES INC DATE OF NAME CHANGE: 20000516 FORMER COMPANY: FORMER CONFORMED NAME: WEBS INDEX FUND INC DATE OF NAME CHANGE: 19970211 0000930667 S000038923 iShares Core MSCI Emerging Markets ETF C000119708 iShares Core MSCI Emerging Markets ETF IEMG 497 1 d260509d497.htm FORM 497 Form 497

iShares®
iShares, Inc.
Supplement dated March 31, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus,
and Statement of Additional Information (the “SAI”),
each dated December 30, 2021, for the iShares Core MSCI Emerging Markets ETF (IEMG)
(the “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for the Fund.
The following changes will take effect for the Fund on March 31, 2022:
Change in the Fund’s “Fees and Expenses”
The section of the Summary Prospectus and Prospectus entitled “Fees and Expenses” is deleted in its entirety and replaced with the following:
The following table describes the fees and expenses that you will incur if you buy, hold and sell shares of the Fund. The investment advisory agreement between iShares, Inc. (the “Company”) and BlackRock Fund Advisors (“BFA”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except: (i) the management fees, (ii) interest expenses, (iii) taxes, (iv) expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, (v) distribution fees or expenses, and (vi) litigation expenses and any extraordinary expenses. The Fund may incur “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund’s pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund’s prospectus (the “Prospectus”). BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.09% through December 31, 2025. The contractual waiver may be terminated prior to December 31, 2025 only upon written agreement of the Company and BFA.

You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Annual Fund Operating Expenses
(ongoing expenses that you pay each year as a
percentage of the value of your investments)1
 
 
Management
Fees
  Distribution
and Service
(12b‑1)
Fees
  Other
Expenses2
  Acquired
Fund
Fees and
Expenses2
  Total
Annual
Fund
Operating
Expenses
  Fee
Waiver2
  Total
Annual
Fund
Operating
Expenses
After
Waiver
0.09%   None   0.00%   0.00%   0.09%   (0.00%)   0.09%
 
1   The expense information in the table has been restated to reflect current fees.
2   The amount rounded to 0.00%.
Example. This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
 
1 Year   3 Years   5 Years   10 Years
$9   $29   $51   $115
Portfolio Turnover. The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 9% of the average value of its portfolio.
Change in the Fund’s “Management”
The third paragraph of the section of the Prospectus entitled “Management” is deleted in its entirety and replaced with the following:
Effective March 31, 2022, for its investment advisory services to the Fund, BFA is paid a management fee from the Fund based on a

percentage of the Fund’s average daily net assets, at the annual rate of 0.09%. Prior to March 31, 2022 and for the fiscal year ended August 31, 2021, BFA was paid a management fee from the Fund based on a percentage of the Fund’s average daily net assets, at the annual rate of 0.11%. Effective March 31, 2022, BFA has contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.09% through December 31, 2025. The contractual waiver may be terminated prior to December 31, 2025 only upon written agreement of the Company and BFA. Prior to March 31, 2022 and effective December 17, 2020, BFA had contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver would not exceed 0.11%. In addition, BFA may from time to time voluntarily waive and/or reimburse fees or expenses in order to limit total annual fund operating expenses (excluding Acquired Fund Fees and Expenses, if any). Any such voluntary waiver or reimbursement may be eliminated by BFA at any time.
Changes in the Fund’s “Investment Advisory, Administrative and Distribution Services”
Footnotes one (1) and two (2) to the Management Fee table on page 97 of the SAI are deleted in their entirety and replaced with the following:
1 Effective March 31, 2022, for the iShares Core MSCI Emerging Markets ETF, BFA has contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.09% through December 31, 2025. The contractual waiver may be terminated prior to December 31, 2025 only upon written agreement of the Company and BFA. Through March 31, 2022 and effective December 17, 2020, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver would not exceed 0.11% effective December 17, 2020 through March 30, 2022. Through December 17, 2020 and effective March 27, 2020, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver would not exceed 0.13% effective March 27, 2020 through December 16, 2020. Prior to March 27, 2020, BFA contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver would not exceed 0.14%. For the fiscal years ended August 31, 2019, August 31, 2020 and August 31, 2021, BFA waived $2,450,441, $2,717,834 and $234,869, respectively, of its management fees.

2 Effective March 31, 2022, the management fee for the iShares Core MSCI Emerging Markets ETF is 0.09%. From December 17, 2020 to March 30, 2022, the management fee for the iShares Core MSCI Emerging Markets ETF was 0.11%. From March 27, 2020 to December 16, 2020, the management fee for the iShares Core MSCI Emerging Markets ETF was 0.13%. Prior to March 27, 2020, the management fee for the iShares Core MSCI Emerging Markets ETF was 0.14%.
If you 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‑SUPP‑IEMG‑0322
 
 
PLEASE RETAIN THIS SUPPLEMENT
FOR FUTURE REFERENCE
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Annual Return 2010 Annual Return 2011 Annual Return 2012 Annual Return 2013 Annual Return 2014 Annual Return 2015 Annual Return 2016 Annual Return 2017 Annual Return 2018 Annual Return 2019 Annual Return 2020 Annual Return 2021 Annual Return 2022 Annual Return 2023 Annual Return 2024 Annual Return 2025 Bar Chart Footnotes [Text Block] Bar Chart Closing [Text Block] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Year to Date Return, Label Bar Chart, Year to Date Return, Date Bar Chart, Year to Date Return Highest Quarterly Return, Label Label Highest Quarterly Return, Date Highest Quarterly Return Label Lowest Quarterly Return, Label Lowest Quarterly Return, Date Lowest Quarterly Return Performance Table Heading Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Index No Deduction for Fees, Expenses, Taxes [Text] Performance Table Uses Highest Federal Rate 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Registrant Name dei_EntityRegistrantName iShares, Inc.
Entity Central Index Key dei_EntityCentralIndexKey 0000930667
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Mar. 31, 2022
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Entity Inv Company Type dei_EntityInvCompanyType N-1A
XML 8 R2.htm IDEA: XBRL DOCUMENT v3.22.1
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 31, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus,
and Statement of Additional Information (the “SAI”),
each dated December 30, 2021, for the iShares Core MSCI Emerging Markets ETF (IEMG)
(the “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for the Fund.
The following changes will take effect for the Fund on March 31, 2022:
Change in the Fund’s “Fees and Expenses”
The section of the Summary Prospectus and Prospectus entitled “Fees and Expenses” is deleted in its entirety and replaced with the following:
The following table describes the fees and expenses that you will incur if you buy, hold and sell shares of the Fund. The investment advisory agreement between iShares, Inc. (the “Company”) and BlackRock Fund Advisors (“BFA”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except: (i) the management fees, (ii) interest expenses, (iii) taxes, (iv) expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, (v) distribution fees or expenses, and (vi) litigation expenses and any extraordinary expenses. The Fund may incur “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund’s pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund’s prospectus (the “Prospectus”). BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.09% through December 31, 2025. The contractual waiver may be terminated prior to December 31, 2025 only upon written agreement of the Company and BFA.
You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Annual Fund Operating Expenses
(ongoing expenses that you pay each year as a
percentage of the value of your investments)1
Management
Fees
  Distribution
and Service
(12b‑1)
Fees
  Other
Expenses2
  Acquired
Fund
Fees and
Expenses2
  Total
Annual
Fund
Operating
Expenses
  Fee
Waiver2
  Total
Annual
Fund
Operating
Expenses
After
Waiver
0.09%   None   0.00%   0.00%   0.09%   (0.00%)   0.09%
 
1   The expense information in the table has been restated to reflect current fees.
2   The amount rounded to 0.00%.
Example. This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
1 Year   3 Years   5 Years   10 Years
$9   $29   $51   $115
Portfolio Turnover. The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 9% of the average value of its portfolio.
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
iShares Core MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock
iShares®
iShares, Inc.
Supplement dated March 31, 2022 (the “Supplement”)
to the Summary Prospectus, Prospectus,
and Statement of Additional Information (the “SAI”),
each dated December 30, 2021, for the iShares Core MSCI Emerging Markets ETF (IEMG)
(the “Fund”)
The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for the Fund.
The following changes will take effect for the Fund on March 31, 2022:
Change in the Fund’s “Fees and Expenses”
The section of the Summary Prospectus and Prospectus entitled “Fees and Expenses” is deleted in its entirety and replaced with the following:
The following table describes the fees and expenses that you will incur if you buy, hold and sell shares of the Fund. The investment advisory agreement between iShares, Inc. (the “Company”) and BlackRock Fund Advisors (“BFA”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except: (i) the management fees, (ii) interest expenses, (iii) taxes, (iv) expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, (v) distribution fees or expenses, and (vi) litigation expenses and any extraordinary expenses. The Fund may incur “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund’s pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund’s prospectus (the “Prospectus”). BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.09% through December 31, 2025. The contractual waiver may be terminated prior to December 31, 2025 only upon written agreement of the Company and BFA.
You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Annual Fund Operating Expenses
(ongoing expenses that you pay each year as a
percentage of the value of your investments)1
Management
Fees
  Distribution
and Service
(12b‑1)
Fees
  Other
Expenses2
  Acquired
Fund
Fees and
Expenses2
  Total
Annual
Fund
Operating
Expenses
  Fee
Waiver2
  Total
Annual
Fund
Operating
Expenses
After
Waiver
0.09%   None   0.00%   0.00%   0.09%   (0.00%)   0.09%
 
1   The expense information in the table has been restated to reflect current fees.
2   The amount rounded to 0.00%.
Example. This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
1 Year   3 Years   5 Years   10 Years
$9   $29   $51   $115
Portfolio Turnover. The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 9% of the average value of its portfolio.
If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737).
iShares® is a registered trademark of BlackRock Fund Advisors and its affiliates.
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
The following table describes the fees and expenses that you will incur if you buy, hold and sell shares of the Fund. The investment advisory agreement between iShares, Inc. (the “Company”) and BlackRock Fund Advisors (“BFA”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except: (i) the management fees, (ii) interest expenses, (iii) taxes, (iv) expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, (v) distribution fees or expenses, and (vi) litigation expenses and any extraordinary expenses. The Fund may incur “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund’s pro rata share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund’s prospectus (the “Prospectus”). BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.09% through December 31, 2025. The contractual waiver may be terminated prior to December 31, 2025 only upon written agreement of the Company and BFA.
You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (ongoing expenses that you pay each year as a percentage of the value of your investments)1
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 31, 2025
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover.
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 9% of the average value of its portfolio.
Portfolio Turnover, Rate rr_PortfolioTurnoverRate 9.00%
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent The expense information in the table has been restated to reflect current fees.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the Financial Highlights section of the Fund’s prospectus (the “Prospectus”).
Expense Example [Heading] rr_ExpenseExampleHeading Example.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be:
iShares Core MSCI Emerging Markets ETF | iShares Core MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.09% [1]
Distribution and Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none [1]
Other Expenses rr_OtherExpensesOverAssets none [1],[2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets none [1],[2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.09% [1]
Fee Waiver rr_FeeWaiverOrReimbursementOverAssets none [1],[2]
Total Annual Fund Operating Expenses After Waiver rr_NetExpensesOverAssets 0.09% [1]
1 Year rr_ExpenseExampleYear01 $ 9
3 Years rr_ExpenseExampleYear03 29
5 Years rr_ExpenseExampleYear05 51
10 Years rr_ExpenseExampleYear10 $ 115
[1] The expense information in the table has been restated to reflect current fees.
[2] The amount rounded to 0.00%.
XML 9 d260509d497_htm.xml IDEA: XBRL DOCUMENT 0000930667 2021-12-30 2021-12-30 0000930667 isi:S000038923Member 2021-12-30 2021-12-30 0000930667 isi:S000038923Member isi:C000119708Member 2021-12-30 2021-12-30 pure iso4217:USD false 2022-03-31 2021-08-31 497 0000930667 N-1A <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 31, 2022 (the “Supplement”) </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">to the Summary Prospectus, Prospectus, </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">and Statement of Additional Information (the “SAI”), </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">each dated December 30, 2021, for the iShares Core MSCI Emerging Markets ETF (IEMG) </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">(the “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, the Summary Prospectus, Prospectus and SAI for the Fund. </span></span></div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">The following changes will take effect for the Fund on March 31, 2022: </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">Change in the Fund’s “Fees and Expenses” </span></span></div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;">The section of the Summary Prospectus and Prospectus entitled “Fees and Expenses” is deleted in its entirety and replaced with the following: </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">The following table describes the fees and expenses that you will incur if you buy, hold and sell shares of the Fund. The investment advisory agreement between iShares, Inc. (the “Company”) and BlackRock Fund Advisors (“BFA”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except: (i) the management fees, (ii) interest expenses, (iii) taxes, (iv) expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, (v) distribution fees or expenses, and (vi) litigation expenses and any extraordinary expenses. The Fund may incur “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund’s <span style="font-style:italic">pro rata</span> share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the <span style="font-style:italic">Financial Highlights</span> section of the Fund’s prospectus (the “Prospectus”). BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.09% through December 31, 2025. The contractual waiver may be terminated prior to December 31, 2025 only upon written agreement of the Company and BFA. </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Annual Fund Operating Expenses </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">(ongoing expenses that you pay each year as a </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">percentage of the value of your investments)<sup style="font-size:85%;vertical-align:top">1</sup> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:100%;border:0px;margin:0 auto"> <tr> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:8pt"> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;"><span style="font-weight:bold">Management<br/>Fees</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Distribution<br/>and Service<br/>(12b‑1)<br/>Fees</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Other<br/>Expenses<sup style="font-size:85%;vertical-align:top">2</sup></span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Acquired<br/>Fund<br/>Fees and<br/>Expenses<sup style="font-size:85%;vertical-align:top">2</sup></span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Total<br/>Annual<br/>Fund<br/>Operating<br/>Expenses</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Fee<br/>Waiver<sup style="font-size:85%;vertical-align:top">2</sup></span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Total<br/>Annual<br/>Fund<br/>Operating<br/>Expenses<br/>After<br/>Waiver</span></td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:9pt;background-color:#cceeff"> <td style="vertical-align:top;text-align: center;">0.09%</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">None</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">0.00%</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">0.00%</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">0.09%</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">(0.00%)</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">0.09%</td> </tr> </table><div style="line-height:10.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%;"> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:1%;vertical-align:top;text-align: left;"><sup style="font-size:85%;vertical-align:top">1</sup></td> <td style="font-size:8pt;width:1%;vertical-align:top;"> </td> <td style="text-align: left;vertical-align:top;">The expense information in the table has been restated to reflect current fees.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:1%;vertical-align:top;text-align: left;"><sup style="font-size:85%;vertical-align:top">2</sup></td> <td style="font-size:8pt;width:1%;vertical-align:top;"> </td> <td style="text-align: left;vertical-align:top;">The amount rounded to 0.00%.</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Example.</span> This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:100%;border:0px;margin:0 auto"> <tr> <td/> <td style="vertical-align:bottom;width:27%;"/> <td/> <td style="vertical-align:bottom;width:27%;"/> <td/> <td style="vertical-align:bottom;width:27%;"/> <td/> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:8pt"> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;"><span style="font-weight:bold">1 Year</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">3 Years</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">5 Years</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">10 Years</span></td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt;background-color:#cceeff"> <td style="vertical-align:top;text-align: center;">$9</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">$29</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">$51</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">$115</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Portfolio Turnover.</span> The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was <span>9</span>% of the average value of its portfolio. </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:6pt;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 31, 2022 (the “Supplement”) </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">to the Summary Prospectus, Prospectus, </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">and Statement of Additional Information (the “SAI”), </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">each dated December 30, 2021, for the iShares Core MSCI Emerging Markets ETF (IEMG) </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">(the “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, the Summary Prospectus, Prospectus and SAI for the Fund. </span></span></div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">The following changes will take effect for the Fund on March 31, 2022: </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">Change in the Fund’s “Fees and Expenses” </span></span></div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;">The section of the Summary Prospectus and Prospectus entitled “Fees and Expenses” is deleted in its entirety and replaced with the following: </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">The following table describes the fees and expenses that you will incur if you buy, hold and sell shares of the Fund. The investment advisory agreement between iShares, Inc. (the “Company”) and BlackRock Fund Advisors (“BFA”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except: (i) the management fees, (ii) interest expenses, (iii) taxes, (iv) expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, (v) distribution fees or expenses, and (vi) litigation expenses and any extraordinary expenses. The Fund may incur “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund’s <span style="font-style:italic">pro rata</span> share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the <span style="font-style:italic">Financial Highlights</span> section of the Fund’s prospectus (the “Prospectus”). BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.09% through December 31, 2025. The contractual waiver may be terminated prior to December 31, 2025 only upon written agreement of the Company and BFA. </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;">You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Annual Fund Operating Expenses </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">(ongoing expenses that you pay each year as a </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">percentage of the value of your investments)<sup style="font-size:85%;vertical-align:top">1</sup> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:100%;border:0px;margin:0 auto"> <tr> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> <td style="vertical-align:bottom;width:8%;"/> <td/> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:8pt"> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;"><span style="font-weight:bold">Management<br/>Fees</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Distribution<br/>and Service<br/>(12b‑1)<br/>Fees</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Other<br/>Expenses<sup style="font-size:85%;vertical-align:top">2</sup></span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Acquired<br/>Fund<br/>Fees and<br/>Expenses<sup style="font-size:85%;vertical-align:top">2</sup></span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Total<br/>Annual<br/>Fund<br/>Operating<br/>Expenses</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Fee<br/>Waiver<sup style="font-size:85%;vertical-align:top">2</sup></span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">Total<br/>Annual<br/>Fund<br/>Operating<br/>Expenses<br/>After<br/>Waiver</span></td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:9pt;background-color:#cceeff"> <td style="vertical-align:top;text-align: center;">0.09%</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">None</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">0.00%</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">0.00%</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">0.09%</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">(0.00%)</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">0.09%</td> </tr> </table><div style="line-height:10.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000;width:11%;"> </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:1%;vertical-align:top;text-align: left;"><sup style="font-size:85%;vertical-align:top">1</sup></td> <td style="font-size:8pt;width:1%;vertical-align:top;"> </td> <td style="text-align: left;vertical-align:top;">The expense information in the table has been restated to reflect current fees.</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:1%;vertical-align:top;text-align: left;"><sup style="font-size:85%;vertical-align:top">2</sup></td> <td style="font-size:8pt;width:1%;vertical-align:top;"> </td> <td style="text-align: left;vertical-align:top;">The amount rounded to 0.00%.</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Example.</span> This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions, your costs would be: </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:8pt;width:100%;border:0px;margin:0 auto"> <tr> <td/> <td style="vertical-align:bottom;width:27%;"/> <td/> <td style="vertical-align:bottom;width:27%;"/> <td/> <td style="vertical-align:bottom;width:27%;"/> <td/> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:8pt"> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;white-space:nowrap;"><span style="font-weight:bold">1 Year</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">3 Years</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">5 Years</span></td> <td style="vertical-align:bottom;"> </td> <td style="text-align: center;border-bottom:1.00pt solid #000000;vertical-align:bottom;"><span style="font-weight:bold">10 Years</span></td> </tr> <tr style="page-break-inside:avoid;font-family:arial;font-size:10pt;background-color:#cceeff"> <td style="vertical-align:top;text-align: center;">$9</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">$29</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">$51</td> <td style="vertical-align:bottom;"> </td> <td style="vertical-align:bottom;text-align: center;">$115</td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Portfolio Turnover.</span> The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was <span>9</span>% of the average value of its portfolio. </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:6pt;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. 2022-03-31 2021-12-30 <div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">The following table describes the fees and expenses that you will incur if you buy, hold and sell shares of the Fund. The investment advisory agreement between iShares, Inc. (the “Company”) and BlackRock Fund Advisors (“BFA”) (the “Investment Advisory Agreement”) provides that BFA will pay all operating expenses of the Fund, except: (i) the management fees, (ii) interest expenses, (iii) taxes, (iv) expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio transactions, including brokerage commissions, (v) distribution fees or expenses, and (vi) litigation expenses and any extraordinary expenses. The Fund may incur “Acquired Fund Fees and Expenses.” Acquired Fund Fees and Expenses reflect the Fund’s <span style="font-style:italic">pro rata</span> share of the fees and expenses incurred by investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the total returns of the Fund. Acquired Fund Fees and Expenses are not included in the calculation of the ratio of expenses to average net assets shown in the <span style="font-style:italic">Financial Highlights</span> section of the Fund’s prospectus (the “Prospectus”). BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fee such that the Fund’s total annual fund operating expenses after fee waiver will not exceed 0.09% through December 31, 2025. 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Because the share price of the Fund will fluctuate, when you sell your shares they may be worth more or less than what you originally paid for them. The Fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the Fund's liquidity falls below required minimums because of market conditions or other factors. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time. (B) If the Fund is a Money Market Fund that is a government Money Market Fund, as defined in \u00a7 270.2a\u20137(a)(16), or a retail Money Market Fund, as defined in \u00a7 270.2a\u20137(a)(25), and that is subject to the requirements of \u00a7\u00a7 270.2a\u20137(c)(2)(i) and/or (ii) of this chapter (or is not subject to the requirements of \u00a7\u00a7 270.2a\u20137(c)(2)(i) and/or (ii) of this chapter pursuant to \u00a7 270.2a\u20137(c)(2)(iii) of this chapter, but has chosen to rely on the ability to impose liquidity fees and suspend redemptions consistent with the requirements of \u00a7\u00a7 270.2a\u20137(c)(2)(i) and/or (ii)), include the following statement: You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. 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