0001683863-20-001017.txt : 20200327 0001683863-20-001017.hdr.sgml : 20200327 20200326193822 ACCESSION NUMBER: 0001683863-20-001017 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 16 FILED AS OF DATE: 20200327 DATE AS OF CHANGE: 20200326 EFFECTIVENESS DATE: 20200327 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: 20747532 BUSINESS ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 BUSINESS PHONE: (415) 670-2000 MAIL ADDRESS: STREET 1: 400 HOWARD STREET CITY: SAN FRANCISCO STATE: CA ZIP: 94105 FORMER COMPANY: FORMER CONFORMED NAME: iSHARES INC DATE OF NAME CHANGE: 20070126 FORMER COMPANY: FORMER CONFORMED NAME: ISHARES INC DATE OF NAME CHANGE: 20000516 FORMER COMPANY: FORMER CONFORMED NAME: WEBS INDEX FUND INC DATE OF NAME CHANGE: 19970211 0000930667 S000004246 iShares MSCI Australia ETF C000011950 iShares MSCI Australia ETF EWA 0000930667 S000004247 iShares MSCI Hong Kong ETF C000011951 iShares MSCI Hong Kong ETF EWH 0000930667 S000004248 iShares MSCI Italy ETF C000011952 iShares MSCI Italy ETF EWI 0000930667 S000004249 iShares MSCI Japan ETF C000011953 iShares MSCI Japan ETF EWJ 0000930667 S000004250 iShares MSCI Malaysia ETF C000011954 iShares MSCI Malaysia ETF EWM 0000930667 S000004251 iShares MSCI Mexico ETF C000011955 iShares MSCI Mexico ETF EWW 0000930667 S000004252 iShares MSCI Netherlands ETF C000011956 iShares MSCI Netherlands ETF EWN 0000930667 S000004253 iShares MSCI Pacific ex Japan ETF C000011957 iShares MSCI Pacific ex Japan ETF EPP 0000930667 S000004254 iShares MSCI Singapore ETF C000011958 iShares MSCI Singapore ETF EWS 0000930667 S000004255 iShares MSCI South Africa ETF C000011959 iShares MSCI South Africa ETF EZA 0000930667 S000004256 iShares MSCI Spain ETF C000011960 iShares MSCI Spain ETF EWP 0000930667 S000004257 iShares MSCI Austria ETF C000011961 iShares MSCI Austria ETF EWO 0000930667 S000004258 iShares MSCI South Korea ETF C000011962 iShares MSCI South Korea ETF EWY 0000930667 S000004259 iShares MSCI Sweden ETF C000011963 iShares MSCI Sweden ETF EWD 0000930667 S000004260 iShares MSCI Switzerland ETF C000011964 iShares MSCI Switzerland ETF EWL 0000930667 S000004261 iShares MSCI Taiwan ETF C000011965 iShares MSCI Taiwan ETF EWT 0000930667 S000004263 iShares MSCI Belgium ETF C000011967 iShares MSCI Belgium ETF EWK 0000930667 S000004264 iShares MSCI Brazil ETF C000011968 iShares MSCI Brazil ETF EWZ 0000930667 S000004265 iShares MSCI Canada ETF C000011969 iShares MSCI Canada ETF EWC 0000930667 S000004266 iShares MSCI Emerging Markets ETF C000011970 iShares MSCI Emerging Markets ETF EEM 0000930667 S000004267 iShares MSCI France ETF C000011971 iShares MSCI France ETF EWQ 0000930667 S000004268 iShares MSCI Eurozone ETF C000011972 iShares MSCI Eurozone ETF EZU 0000930667 S000004269 iShares MSCI Germany ETF C000011973 iShares MSCI Germany ETF EWG 0000930667 S000018069 iShares MSCI BRIC ETF C000050065 iShares MSCI BRIC ETF BKF 0000930667 S000018070 iShares MSCI Chile ETF C000050066 iShares MSCI Chile ETF ECH 0000930667 S000018072 iShares MSCI Thailand ETF C000050068 iShares MSCI Thailand ETF THD 0000930667 S000018073 iShares MSCI Turkey ETF C000050069 iShares MSCI Turkey ETF TUR 0000930667 S000019125 iShares MSCI Emerging Markets Small-Cap ETF C000052897 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0000930667 S000019126 iShares MSCI Japan Small-Cap ETF C000052898 iShares MSCI Japan Small-Cap ETF SCJ 0000930667 S000021462 iShares MSCI Israel ETF C000061365 iShares MSCI Israel ETF EIS 0000930667 S000028709 iShares MSCI USA Equal Weighted ETF C000087836 iShares MSCI USA Equal Weighted ETF EUSA 0000930667 S000032497 iShares Edge MSCI Min Vol Emerging Markets ETF C000100212 iShares Edge MSCI Min Vol Emerging Markets ETF EEMV 0000930667 S000032498 iShares Edge MSCI Min Vol Global ETF C000100213 iShares Edge MSCI Min Vol Global 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 100 ETF C000110342 iShares MSCI Frontier 100 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 Edge MSCI Multifactor Emerging Markets ETF C000154544 iShares Edge MSCI Multifactor Emerging Markets ETF EMGF 0000930667 S000054183 iShares ESG MSCI EM ETF C000170244 iShares ESG MSCI EM ETF ESGE 0000930667 S000057835 iShares MSCI Emerging Markets ex China ETF C000186806 iShares MSCI Emerging Markets ex China ETF EMXC 497 1 f2708d1.htm FORM 497

  

 

Allison Pristash 

State Street 

1 Lincoln Street 

Mail Stop SFC 0805 

Boston, MA 02111 

Tel +1 617 662 7031 

APristash@StateStreet.com 

  

  

  

  

  

  

March 26, 2020 

  

Securities and Exchange Commission 

100 F Street, N.E. 

Washington, DC 20549 

  

RE:iShares, Inc. (the “Registrant”) 

Securities Act File No. 033-97598 

Investment Company Act File No. 811-09102 

  

Ladies and Gentlemen: 

  

On behalf of the Registrant and pursuant to Rule 497 under the Securities Act of 1933, as amended, attached for filing are exhibits containing interactive data format risk/return summary information that mirrors the risk/return summary information in the 497 filing, dated March 9, 2020 to the prospectuses for the following funds: 

  

iShares Asia/Pacific Dividend ETF  

iShares Core MSCI Emerging Markets ETF 

iShares Currency Hedged MSCI Emerging Markets ETF 

iShares Edge MSCI Min Vol Emerging Markets ETF 

iShares Edge MSCI Min Vol Global ETF 

iShares Edge MSCI Multifactor Emerging Markets ETF 

iShares Emerging Markets Dividend ETF 

iShares ESG MSCI EM ETF 

iShares International High Yield Bond ETF 

iShares J.P. Morgan EM Corporate Bond ETF 

iShares J.P. Morgan EM High Yield Bond ETF 

iShares J.P. Morgan EM Local Currency Bond ETF 

iShares MSCI Australia ETF 

iShares MSCI Austria ETF 

iShares MSCI Belgium ETF 

iShares MSCI Brazil ETF 

iShares MSCI BRIC ETF 

iShares MSCI Canada ETF 

iShares MSCI Chile 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 Small-Cap ETF 

iShares MSCI Eurozone ETF 

iShares MSCI France ETF 

iShares MSCI Frontier 100 ETF 

iShares MSCI Germany 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 Silver and Metals Miners ETF 

iShares MSCI Hong Kong ETF 

iShares MSCI Israel ETF 

iShares MSCI Italy ETF 

iShares MSCI Japan ETF 

iShares MSCI Japan Small-Cap ETF 

iShares MSCI Malaysia ETF 

iShares MSCI Mexico ETF 

iShares MSCI Netherlands ETF 

iShares MSCI Pacific ex Japan ETF 

iShares MSCI Russia ETF 

iShares MSCI Singapore ETF 

iShares MSCI South Africa ETF 

iShares MSCI South Korea ETF 

iShares MSCI Spain ETF 

iShares MSCI Sweden ETF 

iShares MSCI Switzerland ETF 

iShares MSCI Taiwan ETF 

iShares MSCI Thailand ETF 

iShares MSCI Turkey ETF 

iShares MSCI USA Equal Weighted ETF 

iShares MSCI World ETF 

iShares US & Intl High Yield Corp Bond ETF 

  

The purpose of this filing is to submit the 497 dated March 9, 2020 in XBRL.  

  

If you have any questions regarding this filing, please contact Benjamin Haskin of Willkie Farr & Gallagher LLP at (202) 303-1124. 

  

Very truly yours, 

  

/s/ Allison Pristash 

  

Allison Pristash 

cc:  Benjamin Haskin, Esq. 

  

  

  

  

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factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; factor </b></p> <p style="margin-top:6px;margin-bottom:0px"><b>The section of each Fund&#146;s Summary Prospectus and Prospectus entitled &#147;</b><b>Summary of Principal Risks</b><b>&#148; is revised such that the following is appended to the end of the paragraph entitled &#147;Market Risk&#148;: </b></p> <p style="margin-top:6px;margin-bottom:0px">Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund&#146;s net asset value. </p> <p style="margin-top:0px;margin-bottom:0px">&nbsp;</p> <p style="margin-top:0px;margin-bottom:0px; margin-left:2%; text-indent:-1%;padding-bottom:0px; ">iShares<sup>&#174;</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>iShares<sup>&#174;</sup> </b></p><p style="margin-top:6px;margin-bottom:0px" align="center"><b>iShares Trust</b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares, Inc. </b></p> <p style="margin-top:1px;margin-bottom:0px" align="center"><b>iShares U.S. ETF Trust</b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Supplement dated March&nbsp;9, 2020 (the &#147;Supplement&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>to the Summary Prospectus, Prospectus and </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>Statement of Additional Information (the &#147;SAI&#148;) </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>for each series of iShares Trust, iShares U.S. ETF Trust and iShares, Inc. </b></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><b>(each, a &#147;Fund&#148;) </b></p> <p style="margin-top:12px;margin-bottom:0px"><b>The information in this Supplement updates information in, and should be read in conjunction with, the Summary Prospectus, Prospectus and SAI for each Fund. </b></p> <p style="margin-top:6px;margin-bottom:0px">Effective immediately, each Fund&#146;s Summary Prospectus, Prospectus and SAI are amended as follows: </p> <p style="margin-top:12px;margin-bottom:0px"><b>Change in each Fund&#146;s &#147;Market Risk&#148; 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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName iShares, Inc.
Prospectus Date rr_ProspectusDate Mar. 09, 2020
Document Creation Date dei_DocumentCreationDate Mar. 09, 2020
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName iShares, Inc.
Prospectus Date rr_ProspectusDate Mar. 09, 2020
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Australia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Hong Kong ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Italy ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Japan ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Malaysia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Mexico ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Netherlands ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Pacific ex Japan ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Singapore ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI South Africa ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Spain ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Austria ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI South Korea ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Sweden ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Switzerland ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Taiwan ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Belgium ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Brazil ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Canada ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI France ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Eurozone ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Germany ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI BRIC ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Chile ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Thailand ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Turkey ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Emerging Markets Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Japan Small-Cap ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Israel ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI USA Equal Weighted ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares Edge MSCI Min Vol Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares Edge MSCI Min Vol Global ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares J.P. Morgan EM Local Currency Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Emerging Markets Asia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI World ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Global Silver and Metals Miners ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Global Gold Miners ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Global Agriculture Producers ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Global Energy Producers ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Global Metals & Mining Producers ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares Asia/Pacific Dividend ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares Emerging Markets Dividend ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Frontier 100 ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares J.P. Morgan EM Corporate Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares J.P. Morgan EM High Yield Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares US & Intl High Yield Corp Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares International High Yield Bond ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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 Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Colombia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares Currency Hedged MSCI Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Russia ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares Edge MSCI Multifactor Emerging Markets ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares ESG MSCI EM ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

iShares MSCI Emerging Markets ex China ETF  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

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Mar. 09, 2020

iShares®

iShares Trust

iShares, Inc.

iShares U.S. ETF Trust

Supplement dated March 9, 2020 (the “Supplement”)

to the Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”)

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

(each, a “Fund”)

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

Effective immediately, each Fund’s Summary Prospectus, Prospectus and SAI are amended as follows:

Change in each Fund’s “Market Risk” factor

The section of each Fund’s Summary Prospectus and Prospectus entitled “Summary of Principal Risks” is revised such that the following is appended to the end of the paragraph entitled “Market Risk”:

Local, regional or global events such as war, acts of terrorism, the spread of infectious illness or other public health issue, recessions, or other events could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the Fund’s net asset value.

 

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

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