Form 497

iShares

iShares, Inc.

iShares Trust

iShares U.S. ETF Trust

Supplement dated January 3, 2022 (the “Supplement”) to each Summary Prospectus, Prospectus and

Statement of Additional Information (the “SAI”), for each of the Funds listed in Appendix A (each, a “Fund”)

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

The following changes for the Fund went effective on January 1, 2022.

As of January 1, 2022, Paul Whitehead has replaced Alan Mason as Portfolio Manager for each Fund listed on Appendix A. References to Mr. Mason as a Portfolio Manager of each Fund are hereby removed from the Summary Prospectus, Prospectus and SAI.

The other Portfolio Managers for each Fund will continue to be primarily responsible for the

day-to-day

management of such Fund in addition to Mr. Whitehead. Information regarding the other Portfolio Managers for each Fund can be found in such Fund’s Summary Prospectus, Prospectus and SAI.

In addition, the following changes are made to each Fund’s Summary Prospectus, Prospectus, and SAI:

In the sections “Management – Portfolio Managers” of each Fund’s Summary Prospectus and Prospectus, Paul Whitehead is added to the list of Portfolio Managers primarily responsible for the

day-to-day

management of the Fund. Mr. Whitehead has been a Portfolio Manager of each Fund since 2022.

In the section “Management – Portfolio Managers” of each Fund’s Prospectus, the following is added:

Paul Whitehead has been with BlackRock since 1996, including his years with Barclays Global Investors, which merged with BlackRock in 2009. Mr. Whitehead has been employed by BlackRock as a Managing Director since 2010 and a Director from 2009 to 2010. Mr. Whitehead was employed by Barclays Global Investors as Principal from 2002 to 2009. Mr. Whitehead has been a Portfolio Manager of the Fund since 2022.

In the section “Portfolio Managers” of each Fund’s SAI, the following is added to the table listing each Portfolio Manager’s other types of portfolios and/or accounts:

Paul Whitehead*


Types of Accounts	Number	Total Assets
Registered Investment Companies	N/A	N/A

Other Pooled Investment Vehicles	N/A	N/A

Other Accounts	N/A	N/A

*Information for Mr. Whitehead is provided as of November 30, 2021.

In the section “Portfolio Managers” of each Fund’s SAI, the following is added to the table listing each Portfolio Manager’s portfolios or accounts with respect to which the investment management fees are based on the performance of those portfolios or accounts:

Paul Whitehead*


Types of Accounts	Number of Other Accounts with Performance Fees Managed by Portfolio Manager	Aggregate of Total Assets
Registered Investment Companies	N/A	N/A

Other Pooled Investment Vehicles	N/A	N/A

Other Accounts	N/A	N/A

*Information for Mr. Whitehead is provided as of November 30, 2021.

For the Funds listed in the below table, in the section “Portfolio Managers” of the applicable Fund’s SAI, the following is added to the table listing each Portfolio Manager’s beneficial ownership of shares of the Funds for which they are primarily responsible for the

day-to-day

management:

Paul Whitehead*

Fund

Dollar Range

$1 to
$10,000

$10,001
to
$50,000

$50,001
to
$100,000

$100,001
to
$500,000

$500,001
to
$1 mil

Over
$1 mil

iShares Core Dividend Growth ETF

iShares MSCI EAFE Min Vol Factor ETF

iShares Global Clean Energy ETF

iShares Cybersecurity and Tech ETF

iShares Core S&P

Small-Cap

ETF

iShares Global Financials ETF

iShares Global Tech ETF

iShares US Energy ETF

iShares MSCI USA Multifactor ETF

iShares MSCI USA Momentum Factor ETF

iShares MSCI USA Quality Factor ETF

iShares MSCI USA Value Factor ETF

*Information for Mr. Whitehead is provided as of November 30, 2021.

As of November 30, 2021, Mr. Whitehead did not beneficially own any shares of a Fund for which he is primarily responsible for the day-to-day management which is not listed in the above table.

Appendix A

Supplement to the Summary Prospectus and Prospectus

both

dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised October 29, 2021):

iShares Commodity Curve Carry Strategy ETF

iShares GSCI Commodity Dynamic Roll Strategy ETF

Supplement to the Summary Prospectus and Prospectus both dated as of March 1, 2021, and to the Statement of Additional Information dated as of March 1, 2021 (as revised January 3, 2022):

iShares Bloomberg Roll Select Commodity Strategy ETF

iShares Gold Strategy ETF

Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):

iShares Asia 50 ETF

iShares Emerging Markets Infrastructure ETF

iShares Global 100 ETF

iShares Global Comm Services ETF

iShares Global Consumer Discretionary ETF

iShares Global Healthcare ETF

iShares Global Materials ETF

iShares Global Tech ETF

iShares Global Timber & Forestry ETF

iShares International Dividend Growth ETF

iShares Latin America 40 ETF

Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 18, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):

iShares Global Clean Energy ETF

Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 13, 2021), and to the Statement of

Additional

Information dated as of July 30, 2021 (as revised January 3, 2022):

iShares India 50 ETF

Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):

iShares Biotechnology ETF

iShares Core S&P 500 ETF

iShares Core S&P

Mid-Cap

ETF

iShares Core S&P

Small-Cap

ETF

iShares Core S&P Total U.S. Stock Market ETF

iShares Core S&P U.S. Growth ETF

iShares Core S&P U.S. Value ETF

iShares ESG Screened S&P 500 ETF

iShares ESG Screened S&P

Mid-Cap

ETF

iShares ESG Screened S&P

Small-Cap

ETF

iShares Europe ETF

iShares Expanded Tech Sector ETF

iShares Expanded Tech-Software Sector ETF

iShares Factors US Growth Style ETF

iShares Factors US Value Style ETF

iShares Focused Value Factor ETF

iShares Global Consumer Staples ETF

iShares Global Energy ETF

iShares Global Financials ETF

iShares Global Industrials ETF

iShares Global Infrastructure ETF

iShares Global Utilities ETF

iShares International Developed Property ETF

iShares International Developed Small Cap Value Factor ETF

iShares

JPX-Nikkei

400 ETF

iShares

Micro-Cap

ETF

iShares Mortgage Real Estate ETF

iShares North American Natural Resources ETF

iShares North American Tech-Multimedia Networking ETF

iShares Residential and Multisector Real Estate ETF

iShares Russell 1000 ETF

iShares Russell 1000 Growth ETF

iShares Russell 1000 Value ETF

iShares Russell 2000 ETF

iShares Russell 2000 Growth ETF

iShares Russell 2000 Value ETF

iShares Russell 3000 ETF

iShares Russell

Mid-Cap

ETF

iShares Russell

Mid-Cap

Growth ETF

iShares Russell

Mid-Cap

Value ETF

iShares Russell

op 200 ETF

iShares Russell Top 200 Growth ETF

iShares Russell Top 200 Value ETF

iShares S&P 100 ETF

iShares S&P 500 Growth

ETF

iShares S&P 500 Value ETF

iShares S&P

Mid-Cap

400 Growth ETF

iShares S&P

Mid-Cap

400 Value ETF

iShares S&P

Small-Cap

600 Growth

ETF

iShares S&P

Small-Cap

600

lue ETF

iShares Semiconductor ETF

iShares U.S. Aerospace & Defense ETF

iShares U.S. Broker-Dealers & Securities Exchanges ETF

iShares U.S. Healthcare Providers ETF

iShares U.S. Home Construction ETF

iShares U.S. Insurance ETF

iShares U.S. Medical Devices ETF

iShares U.S. Oil & Gas Exploration & Production

ETF

iShares U.S. Oil Equipment & Services

ETF

iShares U.S. Pharmaceuticals

ETF

iShares U.S. Real Estate ETF

iShares U.S. Regional Banks ETF

iShares U.S. Telecommunications

ETF

iShares US Small Cap Value Factor ETF

Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 20, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):

iShares U.S. Infrastructure ETF

Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021 (as revised October 1, 2021), and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):

iShares Preferred and Income Securities ETF

Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised September 10, 2021):

iShares Currency Hedged

JPX-Nikkei

400 ETF

Supplement to the Summary Prospectus and Prospectus both dated as of July 30, 2021, and to the Statement of Additional Information dated as of July 30, 2021 (as revised January 3, 2022):

iShares Russell 2500 ETF

Supplement to the Summary Prospectus and

Prospectus

both dated as of

September

1, 2021, and to the Statement of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):

iShares Asia/Pacific Dividend ETF

iShares Emerging Markets Dividend

ETF

Supplement to the Summary Prospectus and Prospectus

both

dated as of

September

1, 2021, and to the

Statement

of Additional Information dated as of September 1, 2021 (as revised September 10, 2021):

iShares Global REIT ETF

iShares International Select Dividend ETF

Supplement to the Summary Prospectus and

Prospectus

both dated as of September 1,

2021

and

to the Statement of Additional Information dated as of September 1, 2021 (as revised January 3, 2022):

iShares Cohen & Steers REIT ETF

iShares Core Dividend Growth ETF

iShares Core High Dividend ETF

iShares Core U.S. REIT ETF

iShares Dow Jones U.S. ETF

iShares International Developed Real Estate ETF

iShares Morningstar Growth ETF

iShares Morningstar

Mid-Cap

ETF

iShares Morningstar

Mid-Cap

Growth ETF

iShares Morningstar

Mid-Cap

Value ETF

iShares Morningstar

Small-Cap

ETF

iShares Morningstar

Small-Cap

Growth ETF

iShares Morningstar

Small-Cap

Value ETF

iShares Morningstar U.S. Equity ETF

iShares Morningstar Value ETF

iShares MSCI KLD 400 Social ETF

iShares MSCI USA ESG Select ETF

iShares Select Dividend ETF

iShares U.S. Basic Materials

ETF

iShares U.S. Consumer Discretionary ETF

iShares U.S. Consumer Staples ETF

iShares U.S. Dividend and Buyback ETF

iShares U.S. Energy ETF

iShares U.S. Financial Services ETF

iShares U.S. Financials ETF

iShares U.S. Healthcare ETF

iShares U.S. Industrials

ETF

iShares U.S. Technology ETF

iShares U.S. Transportation ETF

iShares U.S. Utilities

ETF

Supplement to the Summary Prospectus dated as of November 3, 2021, and to

the

Prospectus dated as

October 25, 2021, and to the Statement

Additional Information dated as of October 25, 2021 (as revised January 3, 2022):

iShares ESG MSCI USA Min Vol Factor ETF

Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2021:

iShares Core MSCI Europe

ETF

iShares Core MSCI Pacific

ETF

iShares Currency Hedged MSCI ACWI ex U.S. ETF

iShares Currency Hedged MSCI EAFE ETF

iShares Currency Hedged MSCI EAFE

Small-Cap

ETF

iShares MSCI Kokusai ETF

Supplement to the Prospectus and Statement of Additional Information

both

dated

of December 1,

2021

iShares Core Aggressive Allocation ETF

iShares Core Conservative Allocation ETF

iShares Core Growth Allocation ETF

iShares Core Moderate Allocation ETF

iShares ESG Aware Aggressive Allocation ETF

iShares ESG Aware Conservative Allocation ETF

iShares ESG Aware Growth Allocation ETF

iShares ESG Aware Moderate Allocation

ETF

Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021,

and

to the

Statement

of Additional Information dated as of December 1, 2021 (as revised (as revised December 20, 2021):

iShares Cloud 5G and Tech ETF

iShares Core MSCI EAFE ETF

iShares Core MSCI International Developed Markets ETF

iShares Core MSCI Total International Stock

ETF

iShares Cybersecurity

and

Tech

ETF

iShares Genomics Immunology and Healthcare

ETF

iShares MSCI ACWI ETF

iShares MSCI ACWI ex U.S. ETF

iShares MSCI ACWI Low Carbon Target ETF

iShares MSCI All Country Asia ex Japan ETF

iShares MSCI China A ETF

iShares MSCI Global Multifactor ETF

iShares Robotics and Artificial Intelligence Multisector ETF

iShares Self-Driving EV and Tech ETF

iShares Virtual Work and Life Multisector ETF

Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021 (as revised December 20, 2021), and to the Statement of Additional Information dated as of December 1, 2021 (as revised December 20, 2021):

iShares Exponential Technologies ETF

Supplement to the Summary Prospectus and Prospectus both dated as of December 1, 2021, and to the

Statement

of Additional Information dated as of December 1, 2021 (as revised January 3, 2022):

iShares China

Large-Cap

ETF

iShares MSCI EAFE ETF

iShares MSCI EAFE Growth ETF

iShares MSCI EAFE Min Vol Factor ETF

iShares MSCI EAFE

Small-Cap

ETF

iShares MSCI EAFE Value ETF

iShares MSCI Europe Financials ETF

iShares MSCI Europe

Small-Cap

ETF

iShares MSCI Intl Momentum Factor ETF

iShares MSCI Intl Multifactor ETF

iShares MSCI Intl Quality Factor ETF

iShares MSCI Intl Size Factor ETF

iShares MSCI Intl

Small-Cap

Multifactor ETF

iShares MSCI Intl Value Factor ETF

iShares MSCI USA

Mid-Cap

Multifactor ETF

iShares MSCI USA Min Vol Factor ETF

iShares MSCI USA Momentum Factor ETF

iShares MSCI USA Multifactor ETF

iShares MSCI USA Quality Factor ETF

iShares MSCI USA Size Factor ETF

iShares MSCI USA

Small-Cap

Min Vol Factor ETF

iShares MSCI USA

Small-Cap

Multifactor ETF

iShares MSCI USA Value Factor ETF

iShares U.S. Tech Breakthrough

Multisector

ETF

Supplement to the Summary Prospectus, Prospectus and Statement of Additional

Information

each dated as of December 30, 2021:

iShares Core MSCI Em

ergi

ng Markets ETF

iShares Currency Hedged MSCI Canada ETF

iShares Currency Hedged MSCI Emerging Markets ETF

iShares Currency Hedged MSCI Eurozone ETF

iShares Currency Hedged MSCI Germany ETF

iShares Currency Hedged MSCI Japan ETF

iShares Currency Hedged MSCI United Kingdom ETF

iShares ESG Advanced MSCI EAFE ETF

iShares ESG Advanced MSCI EM ETF

iShares ESG Advanced MSCI USA ETF

iShares ESG Aware MSCI EAFE ETF

iShares ESG Aware MSCI EM ETF

iShares ESG Aware MSCI USA ETF

iShares ESG Aware MSCI USA

Small-Cap

ETF

iShares ESG MSCI EM Leaders ETF

iShares ESG MSCI USA Leaders ETF

iShares MSCI Argentina and Global Exposure ETF

iShares MSCI Australia ETF

iShares MSCI Austria ETF

iShares MSCI Belgium ETF

iShares MSCI Brazil ETF

iShares MSCI Brazil

Small-Cap

ETF

iShares MSCI BRIC ETF

iShares MSCI Canada ETF

iShares MSCI Chile ETF

iShares MSCI China ETF

iShares MSCI China

Small-Cap

ETF

iShares MSCI Colombia ETF

iShares MSCI Denmark ETF

iShares MSCI Emerging Markets Asia ETF

iShares MSCI Emerging Markets ETF

iShares MSCI Emerging Markets ex China ETF

iShares MSCI Emerging Markets Min Vol Factor ETF

iShares MSCI Emerging Markets Multifactor ETF

iShares MSCI Emerging Markets

Small-Cap

ETF

iShares MSCI Eurozone ETF

iShares MSCI Finland ETF

iShares MSCI France ETF

iShares MSCI Frontier and Select EM ETF

iShares MSCI Germany ETF

iShares MSCI Germany

Small-Cap

ETF

iShares MSCI Global

Agriculture

Producers ETF

iShares MSCI Global Energy Producers ETF

iShares MSCI Global Gold Miners ETF

iShares MSCI Global Metals & Mining Producers ETF

iShares MSCI Global Min Vol Factor ETF

iShares MSCI Global

Silver

and Metals Miners ETF

iShares MSCI Global Sustainable Development Goals ETF

iShares MSCI Hong Kong ETF

iShares MSCI India ETF

iShares MSCI India

Small-Cap

ETF

iShares MSCI Indonesia ETF

iShares MSCI Ireland ETF

iShares MSCI Israel ETF

iShares MSCI Italy ETF

iShares MSCI Japan Equal Weighted ETF

iShares MSCI Japan ETF

iShares MSCI Japan

Small-Cap

ETF

iShares MSCI Japan Value ETF

iShares MSCI Kuwait ETF

iShares MSCI Malaysia ETF

iShares MSCI

Mexico

ETF

iShares MSCI Netherlands ETF

iShares MSCI

New

Zealand ETF

iShares MSCI Norway ETF

iShares MSCI Pacific ex Japan ETF

iShares MSCI Peru ETF

iShares MSCI Philippines ETF

iShares MSCI Poland ETF

iShares MSCI Qatar ETF

iShares MSCI

Russia

ETF

iShares MSCI Saudi Arabia ETF

iShares MSCI Singapore ETF

iShares MSCI South Africa ETF

iShares MSCI South Korea ETF

iShares MSCI Spain ETF

iShares MSCI Sweden ETF

iShares MSCI Switzerland ETF

iShares MSCI Taiwan ETF

iShares MSCI Thailand ETF

iShares MSCI Turkey ETF

iShares MSCI UAE ETF

iShares MSCI United Kingdom ETF

iShares MSCI United Kingdom

Small-Cap

ETF

iShares MSCI USA Equal Weighted ETF

iShares MSCI World ETF

Supplement to the Prospectus and the Statement of Additional Information both dated as of December 20, 2021:

iShares MSCI China Multisector Tech ETF

Supplement to the Prospectus and the Statement of Additional Information both dated as of December 22, 2021:

iShares Paris-Aligned Climate MSCI USA ETF

If you have any questions, please call

1-800-iShares

(1-800-474-2737).

iShares

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

IS-A-PM-0122

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