{"annotation_id":"a952f5b8-aa6b-464d-88ce-a92aa46aa87e","file_hash":"8696be4b8c8e4d13a44eff423b2e4d9f6806f707b233a9444d25cba8ee02d1d7","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"69736cb0-bba1-4d9d-8e80-b121b880a4d1","block_type":"box","text":"iShares MSCI USA Small-Cap ETF","page_number":1,"box":{"x":53,"y":47,"width":469,"height":20}},{"id":"63582d54-9d63-4578-ac6a-014c257d1d67","block_type":"box","text":"MSML | NYSE Arca","page_number":1,"box":{"x":54,"y":70,"width":262,"height":18}},{"id":"9b141820-89a4-4414-aa4e-810fd8285f92","block_type":"box","text":"Summary Prospectus — August 31, 2026 (as revised","page_number":1,"box":{"x":52,"y":96,"width":677,"height":20}},{"id":"7e0406b0-8999-4bfa-b7c8-15e2b65ef931","block_type":"box","text":"October 5, 2026)","page_number":1,"box":{"x":53,"y":119,"width":218,"height":19}},{"id":"afd45053-2580-44b5-b2ec-cf45d3a85b92","block_type":"box","text":"Before you invest, you may want to review the Fund’s prospectus, which contains more information about the Fund and its","page_number":1,"box":{"x":53,"y":156,"width":861,"height":11}},{"id":"ae0bbbb3-688b-4be8-9ace-ce2e13acca63","block_type":"box","text":"risks. You can find the Fund’s prospectus and other information about the Fund, including the Fund’s statement of additional","page_number":1,"box":{"x":53,"y":170,"width":883,"height":11}},{"id":"3e41c026-d2ee-4883-abd1-ebd60f0f6a6d","block_type":"box","text":"information and reports to shareholders, online at www.blackrock.com/prospectus. You can also get this information at no","page_number":1,"box":{"x":53,"y":184,"width":863,"height":11}},{"id":"b27e04d2-b6d1-4686-8e39-a51e379a0558","block_type":"box","text":"cost by calling 1-800-iShares (1-800-474-2737) or by sending an email request to iSharesETFs@blackrock.com, or from your","page_number":1,"box":{"x":53,"y":198,"width":888,"height":11}},{"id":"c6f9d5a3-d321-4adc-82ca-52521d431f74","block_type":"box","text":"financial professional. The Fund’s prospectus and statement of additional information, both dated August 31, 2026, as","page_number":1,"box":{"x":52,"y":213,"width":839,"height":11}},{"id":"cc322010-99ab-4815-960d-6addd39fe204","block_type":"box","text":"amended and supplemented from time to time, are incorporated by reference into this Summary Prospectus.","page_number":1,"box":{"x":53,"y":227,"width":768,"height":11}},{"id":"7514cd82-aa46-43e6-9bd5-7f5198266f80","block_type":"box","text":"Investment Objective","page_number":1,"box":{"x":54,"y":256,"width":191,"height":13}},{"id":"05b6effb-f26a-4b8a-9223-535a401f7110","block_type":"box","text":"The iShares MSCI USA Small-Cap ETF (the “Fund”) seeks to track the investment results of an index composed of","page_number":1,"box":{"x":52,"y":281,"width":801,"height":11}},{"id":"bfc74e27-9022-4abe-a8c2-27306c67d6a6","block_type":"box","text":"small-capitalization U.S. equities.","page_number":1,"box":{"x":52,"y":295,"width":236,"height":11}},{"id":"d5f0c31c-1972-4a94-966b-d7758758106d","block_type":"box","text":"Fees and Expenses","page_number":1,"box":{"x":54,"y":325,"width":168,"height":12}},{"id":"ffa6ecb0-202e-4cb7-b727-3d722a3e263d","block_type":"box","text":"The following table describes the fees and expenses that you will incur if you buy, hold and sell shares of the Fund. Amounts","page_number":1,"box":{"x":52,"y":349,"width":874,"height":11}},{"id":"5133df0c-0303-4259-ac76-6d424cca360c","block_type":"box","text":"in the table are rounded to the nearest basis point, which in some cases may be “0.00.” The investment advisory agreement","page_number":1,"box":{"x":53,"y":363,"width":871,"height":11}},{"id":"9e23ac6a-04bc-4ac9-a1fa-dc3f3a753ee5","block_type":"box","text":"between iShares Trust (the “Trust”) and BlackRock Fund Advisors (“BFA”) (the “Investment Advisory Agreement”) provides that","page_number":1,"box":{"x":53,"y":378,"width":888,"height":11}},{"id":"20f33f70-1069-4f38-ae5d-8a9ee308b515","block_type":"box","text":"BFA will pay all operating expenses of the Fund, except: (i) the management fees, (ii) interest expenses, (iii) taxes,","page_number":1,"box":{"x":53,"y":392,"width":795,"height":11}},{"id":"d49b533b-0e8e-425d-9560-6536387c19f6","block_type":"box","text":"(iv) expenses incurred with respect to the acquisition and disposition of portfolio securities and the execution of portfolio","page_number":1,"box":{"x":53,"y":406,"width":854,"height":11}},{"id":"369c9b4a-eb92-41d2-a8a9-ab3da9de5ace","block_type":"box","text":"transactions, including brokerage commissions, (v) distribution fees or expenses, and (vi) litigation expenses and any","page_number":1,"box":{"x":52,"y":420,"width":829,"height":11}},{"id":"1b5478d8-fdce-4875-98b5-d33468453ed5","block_type":"box","text":"extraordinary expenses.","page_number":1,"box":{"x":53,"y":435,"width":167,"height":10}},{"id":"385d62b0-6393-422c-be40-872423c94654","block_type":"box","text":"You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not","page_number":1,"box":{"x":52,"y":458,"width":830,"height":11}},{"id":"4a712683-d254-4165-8103-7bc791db150f","block_type":"box","text":"reflected in the table and example below.","page_number":1,"box":{"x":53,"y":472,"width":300,"height":10}},{"id":"41fc1c66-a802-4b56-a2a3-7630fbea01f3","block_type":"box","text":"Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)","page_number":1,"box":{"x":57,"y":495,"width":761,"height":9}},{"id":"3328e7bd-8c48-463f-85ef-bb05749e8e7e","block_type":"box","text":"1","page_number":1,"box":{"x":819,"y":493,"width":5,"height":5}},{"id":"236dd5c1-526e-43ac-88d2-1867479c5348","block_type":"box","text":"Management Fee","page_number":1,"box":{"x":58,"y":515,"width":109,"height":9}},{"id":"43b8c851-7081-44f3-8036-5a2700ba6a75","block_type":"box","text":"0.04%","page_number":1,"box":{"x":890,"y":515,"width":41,"height":7}},{"id":"4115b1ef-4086-43ff-b86b-67b9440aad7b","block_type":"box","text":"Other Expenses","page_number":1,"box":{"x":58,"y":530,"width":98,"height":9}},{"id":"cc1d1682-ef9b-4ad4-904f-1520d3aaac5c","block_type":"box","text":"0.00%","page_number":1,"box":{"x":890,"y":530,"width":41,"height":8}},{"id":"7f7b5724-6465-45e0-a8ad-4132a4de1f14","block_type":"box","text":"Total Annual Fund Operating Expenses","page_number":1,"box":{"x":57,"y":546,"width":246,"height":9}},{"id":"90db08fb-d763-43e3-9122-56904c792755","block_type":"box","text":"0.04%","page_number":1,"box":{"x":890,"y":546,"width":41,"height":7}},{"id":"90a8060f-3f37-418d-a469-f052feea0fca","block_type":"box","text":"1","page_number":1,"box":{"x":80,"y":573,"width":5,"height":5}},{"id":"954df44a-fc59-4cd8-b47e-e908bbb6157b","block_type":"box","text":"Operating expenses paid by BFA under the Investment Advisory Agreement exclude acquired fund fees and expenses, if any.","page_number":1,"box":{"x":93,"y":575,"width":779,"height":9}},{"id":"194a7e46-1168-4d95-90b7-373d8c6250b4","block_type":"box","text":"Example.","page_number":1,"box":{"x":53,"y":595,"width":67,"height":10}},{"id":"7e70f9b3-c3a1-44f7-955c-4acf4b6f7a44","block_type":"box","text":"This Example is intended to help you compare the cost of owning shares of the Fund with the cost of investing in","page_number":1,"box":{"x":124,"y":594,"width":795,"height":11}},{"id":"e6bdebf1-c8a3-4028-8e1f-64ef71674dae","block_type":"box","text":"other funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then sell all of your","page_number":1,"box":{"x":53,"y":608,"width":885,"height":11}},{"id":"b7cfe88f-9072-441b-8017-437de61436d5","block_type":"box","text":"shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the","page_number":1,"box":{"x":52,"y":623,"width":871,"height":10}},{"id":"a277fa75-1010-4789-9f80-cab2e09d5d45","block_type":"box","text":"Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions,","page_number":1,"box":{"x":53,"y":637,"width":887,"height":11}},{"id":"25559201-82aa-4680-a6ba-eb7553fcf33b","block_type":"box","text":"your costs would be:","page_number":1,"box":{"x":52,"y":651,"width":143,"height":11}},{"id":"74a1f044-4313-45bf-a70c-439259f0eab2","block_type":"box","text":"Expense Example","page_number":1,"box":{"x":58,"y":674,"width":115,"height":9}},{"id":"a08b65be-85a0-4bf9-bb6e-39ffb188afd3","block_type":"box","text":"1 Year 3 Years 5 Years 10 Years","page_number":1,"box":{"x":663,"y":674,"width":280,"height":7}},{"id":"8c187df0-03e4-4d75-a1db-d2a9bd860f6d","block_type":"box","text":"Example Fund Costs","page_number":1,"box":{"x":58,"y":689,"width":128,"height":10}},{"id":"4a75a63d-bdf7-483d-af20-b84911295265","block_type":"box","text":"$4 $13 $23 $51","page_number":1,"box":{"x":675,"y":689,"width":252,"height":8}},{"id":"9ebc759c-dc22-43f5-8292-e5068045b93b","block_type":"box","text":"Portfolio Turnover.","page_number":1,"box":{"x":53,"y":719,"width":137,"height":8}},{"id":"5e5fc8c5-0872-4ff1-b44b-f59de09e27a3","block_type":"box","text":"The Fund may pay transaction costs, such as commissions, when it buys and sells securities (or “turns","page_number":1,"box":{"x":194,"y":719,"width":722,"height":11}},{"id":"9c88a144-cc45-45db-b77f-52087cdc90ff","block_type":"box","text":"over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when","page_number":1,"box":{"x":53,"y":733,"width":883,"height":11}},{"id":"470b270e-c58a-4267-8f3d-d01c0b2ecc11","block_type":"box","text":"Fund shares are held in a taxable account. These costs, which are not reflected in the Annual Fund Operating Expenses or in","page_number":1,"box":{"x":53,"y":747,"width":876,"height":11}},{"id":"d19a5b18-9ad1-49ec-b8b4-d0610fc81752","block_type":"box","text":"the Example, affect the Fund’s performance. The Fund has changed its fiscal year end from April 30 to August 31. During the","page_number":1,"box":{"x":52,"y":761,"width":881,"height":11}},{"id":"9a45e303-2305-46ae-9301-6c8c5864c5f0","block_type":"box","text":"most recent fiscal year ended April 30, 2026, the Fund's portfolio turnover rate was 30% of the average value of its portfolio.","page_number":1,"box":{"x":53,"y":775,"width":875,"height":11}},{"id":"3b8d11b6-0513-443e-baed-f725bb74a251","block_type":"box","text":"Principal Investment Strategies","page_number":1,"box":{"x":54,"y":804,"width":284,"height":14}},{"id":"890df68f-3045-4c44-83e0-21631b20f6e4","block_type":"box","text":"The Fund seeks to track the investment results of the MSCI USA Small Cap Index (the “Underlying Index”), which measures","page_number":1,"box":{"x":52,"y":829,"width":866,"height":11}},{"id":"a468cbaa-dcac-42c9-aafe-b588ec127745","block_type":"box","text":"the performance of the small-capitalization segment of the U.S. equities market, as determined by MSCI Inc. (“MSCI” or the","page_number":1,"box":{"x":52,"y":844,"width":870,"height":11}},{"id":"5359bc99-1885-415d-b7f6-98431f554f9f","block_type":"box","text":"“Index Provider”). The Underlying Index represents approximately 14% of the free float-adjusted market capitalization in the","page_number":1,"box":{"x":53,"y":858,"width":878,"height":11}},{"id":"b81753a6-1591-46eb-a9bc-c58f49f3789d","block_type":"box","text":"U.S. The Underlying Index is free float-adjusted market-capitalization weighted.","page_number":1,"box":{"x":53,"y":872,"width":561,"height":11}},{"id":"ce1fd3ef-d751-4b94-8f4a-1fcd4dbef4a0","block_type":"box","text":"S-1","page_number":1,"box":{"x":493,"y":944,"width":24,"height":8}},{"id":"67bc12cf-d82a-48cd-9d65-f17c1a0e91c8","block_type":"box","text":"As of August 31, 2026, the Underlying Index had approximately 1,634 constituents, and a significant portion of the","page_number":2,"box":{"x":52,"y":46,"width":812,"height":11}},{"id":"cc18b2fc-f57d-48b9-b350-063475fd02fa","block_type":"box","text":"Underlying Index was represented by securities of companies in the financial, industrials and technology industries or","page_number":2,"box":{"x":53,"y":61,"width":834,"height":10}},{"id":"a3222670-4d12-451a-9c0f-7fc4caa5e50a","block_type":"box","text":"sectors. The components of the Underlying Index are likely to change over time.","page_number":2,"box":{"x":52,"y":75,"width":561,"height":11}},{"id":"d6f01991-121b-4b0e-86c6-46e270754977","block_type":"box","text":"The Fund seeks to track the investment results of the Underlying Index before fees and expenses of the Fund. BFA uses a","page_number":2,"box":{"x":52,"y":98,"width":853,"height":11}},{"id":"892fc636-c949-4f49-9df6-cc0fc78c3fa9","block_type":"box","text":"representative sampling indexing strategy to manage the Fund. “Representative sampling” is an indexing strategy that","page_number":2,"box":{"x":53,"y":112,"width":839,"height":11}},{"id":"c881d962-bb10-4454-b8e7-bd0409d47473","block_type":"box","text":"involves investing in a representative sample of securities or other instruments intended to collectively have an investment","page_number":2,"box":{"x":53,"y":126,"width":868,"height":11}},{"id":"78f28be6-97a2-4422-bd21-c91b83119d3a","block_type":"box","text":"profile similar to that of an applicable underlying index. The instruments selected are expected to have, in the aggregate,","page_number":2,"box":{"x":53,"y":141,"width":851,"height":10}},{"id":"f1e4df96-2b7f-4f7e-af0b-84a400479d60","block_type":"box","text":"investment characteristics (based on factors such as market capitalization and industry weightings), fundamental","page_number":2,"box":{"x":53,"y":155,"width":806,"height":11}},{"id":"c9782ee7-56e4-49f3-8e65-3553f7612872","block_type":"box","text":"characteristics (such as return variability and yield) and liquidity measures similar to those of an applicable underlying index.","page_number":2,"box":{"x":53,"y":169,"width":884,"height":11}},{"id":"83c35858-c4b9-4000-9559-fed5c20eb4fa","block_type":"box","text":"The Fund may or may not hold all of the components of the Underlying Index. The Fund may use derivatives to gain or reduce","page_number":2,"box":{"x":52,"y":183,"width":884,"height":11}},{"id":"6d2ca071-da6b-4ee4-a504-6a49f9ae4fb5","block_type":"box","text":"exposure to the components of the Underlying Index or exposure to one or more market risk factors associated with such","page_number":2,"box":{"x":53,"y":197,"width":852,"height":11}},{"id":"ad1d719e-64c6-4841-939e-7768a54d4474","block_type":"box","text":"components. Subject to the limits described herein, the Fund may purchase and hold cash and cash equivalents, including","page_number":2,"box":{"x":53,"y":211,"width":867,"height":11}},{"id":"f1e7f3ec-f74f-48e0-b130-42535e5c2e6a","block_type":"box","text":"shares of money market funds advised by BFA or its affiliates, and may also purchase and hold instruments not included in","page_number":2,"box":{"x":52,"y":226,"width":869,"height":10}},{"id":"a59b13fe-dc17-46f9-b9ae-5c4a02381e77","block_type":"box","text":"the Underlying Index when BFA believes that such instruments will help the Fund track the performance of the Underlying","page_number":2,"box":{"x":52,"y":240,"width":863,"height":11}},{"id":"742617b7-c1af-4e43-8be0-052c204bb56f","block_type":"box","text":"Index over time, including in light of expected liquidity or trading costs, anticipated additions to or deletions from the","page_number":2,"box":{"x":53,"y":254,"width":826,"height":11}},{"id":"f9ac6f4c-70f1-4753-9088-a1c45e719dcb","block_type":"box","text":"Underlying Index, or other reasons as determined by BFA.","page_number":2,"box":{"x":53,"y":268,"width":405,"height":11}},{"id":"2892fa97-bead-44d8-b4f4-0ed811fe04e9","block_type":"box","text":"In accordance with Rule 35d-1 under the Investment Company Act of 1940, as amended (the “1940 Act”), under normal","page_number":2,"box":{"x":53,"y":291,"width":844,"height":11}},{"id":"047ed183-0c18-4675-85bd-b9afdf1d3088","block_type":"box","text":"circumstances, the Fund will not invest less than 80% of the value of its net assets, plus the amount of any borrowings for","page_number":2,"box":{"x":53,"y":306,"width":860,"height":10}},{"id":"3412e789-fd33-4364-aa27-dfc246f664d3","block_type":"box","text":"investment purposes, in components of its Underlying Index. Investments in derivatives and other investments will be","page_number":2,"box":{"x":53,"y":320,"width":831,"height":11}},{"id":"e974bca9-efbc-489e-aaf5-9e78414847d6","block_type":"box","text":"counted toward the Fund's 80% investment policy to the extent that they provide exposure to the components of its","page_number":2,"box":{"x":53,"y":334,"width":817,"height":11}},{"id":"d9330e21-c84c-46bc-8308-b8e0029a6f0a","block_type":"box","text":"Underlying Index or exposure to one or more market risk factors associated with such components. The Fund's 80%","page_number":2,"box":{"x":53,"y":348,"width":818,"height":11}},{"id":"f58dc99c-94b4-4ab3-b4ff-c83befab67f8","block_type":"box","text":"investment policy may be changed by the Trust's Board of Trustees (the “Board”) upon 60 days' notice to shareholders.","page_number":2,"box":{"x":53,"y":362,"width":835,"height":11}},{"id":"a37c00b1-2315-4ef0-a9ef-4bb6d9aff948","block_type":"box","text":"The Fund may lend securities representing up to one-third of the value of the Fund's total assets (including the value of any","page_number":2,"box":{"x":52,"y":385,"width":873,"height":11}},{"id":"c4cdc165-e22e-46bf-b8db-a3805c49ce4d","block_type":"box","text":"collateral received).","page_number":2,"box":{"x":53,"y":400,"width":136,"height":9}},{"id":"bc5db9f0-27ad-4234-9c46-4a066bed9e1a","block_type":"box","text":"The Underlying Index is sponsored by MSCI, which is independent of the Fund and BFA. The Index Provider determines the","page_number":2,"box":{"x":52,"y":423,"width":867,"height":11}},{"id":"e8450c6c-78a1-407e-8a18-4d3c5d5905cc","block_type":"box","text":"composition and relative weightings of the components of the Underlying Index and publishes information regarding the","page_number":2,"box":{"x":53,"y":437,"width":856,"height":11}},{"id":"e59702e3-7853-4488-b11c-48161a138c5a","block_type":"box","text":"market value of the Underlying Index.","page_number":2,"box":{"x":53,"y":451,"width":263,"height":11}},{"id":"bfe936a1-3517-4f1d-9d0e-80bbc3105c61","block_type":"box","text":"Industry Concentration Policy.","page_number":2,"box":{"x":53,"y":474,"width":224,"height":11}},{"id":"311ae362-d690-4cda-84e7-47fc01b770f0","block_type":"box","text":"The Fund will concentrate its investments (","page_number":2,"box":{"x":281,"y":474,"width":304,"height":10}},{"id":"b34e055b-8576-4ee3-a304-8defac0f4b86","block_type":"box","text":"i.e.","page_number":2,"box":{"x":587,"y":475,"width":17,"height":8}},{"id":"bb51f2d8-5b2c-42f3-a8b5-fa9aa4eb572c","block_type":"box","text":", hold 25% or more of its total assets) in a","page_number":2,"box":{"x":606,"y":474,"width":292,"height":10}},{"id":"0f5c3b44-7a47-447e-97c8-f39e087d06f6","block_type":"box","text":"particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. For","page_number":2,"box":{"x":53,"y":489,"width":858,"height":10}},{"id":"6af57512-c8ac-464c-b0d1-25c2fab08077","block_type":"box","text":"purposes of this limitation, securities of the U.S. government (including its agencies and instrumentalities) and repurchase","page_number":2,"box":{"x":53,"y":503,"width":868,"height":11}},{"id":"de90e8f6-080c-41f6-aaf1-bcf004ba64d2","block_type":"box","text":"agreements collateralized by U.S. government securities are not considered to be issued by members of any industry.","page_number":2,"box":{"x":53,"y":517,"width":826,"height":11}},{"id":"2d3f25da-b303-4127-b6aa-a9796fbd2162","block_type":"box","text":"Summary of Principal Risks","page_number":2,"box":{"x":52,"y":546,"width":248,"height":13}},{"id":"5fb66e96-2e52-4f89-9c61-7ebb0fc9c27b","block_type":"box","text":"As with any investment, you could lose all or part of your investment in the Fund, and the Fund's performance could trail that","page_number":2,"box":{"x":52,"y":571,"width":881,"height":11}},{"id":"f8eb61fc-7b26-4084-81a4-00b07b4e311f","block_type":"box","text":"of other investments. The Fund is subject to certain risks, including the principal risks noted below, any of which may","page_number":2,"box":{"x":53,"y":585,"width":824,"height":11}},{"id":"e64a73ef-bdc1-45e5-a3cb-f23ad0d42210","block_type":"box","text":"adversely affect the Fund's net asset value per share (“NAV”), trading price, yield, total return and ability to meet its","page_number":2,"box":{"x":53,"y":599,"width":807,"height":11}},{"id":"047c2de9-043f-4a53-91b9-1006af952cd0","block_type":"box","text":"investment objective. Certain key risks are prioritized below (with others following in alphabetical order), but the relative","page_number":2,"box":{"x":53,"y":614,"width":844,"height":10}},{"id":"bbd7789d-bf77-44ca-94b7-e99758b087d6","block_type":"box","text":"significance of any risk is difficult to predict and may change over time. You should review each risk factor carefully.","page_number":2,"box":{"x":52,"y":628,"width":815,"height":11}},{"id":"88a82b79-fc9b-40bd-b6b8-91382250b2bf","block_type":"box","text":"Risk of Investing in the U.S.","page_number":2,"box":{"x":53,"y":651,"width":200,"height":11}},{"id":"2c0f7135-84ba-4f61-8b81-0f8b161cdebe","block_type":"box","text":"Investing in U.S. issuers subjects the Fund to legal, regulatory, political, currency, security, and","page_number":2,"box":{"x":259,"y":651,"width":663,"height":11}},{"id":"fa28060d-6d52-4fc7-942e-32d3a5309bad","block_type":"box","text":"economic risks that are specific to the U.S. Certain changes in the U.S., such as a weakening of the U.S. economy or a decline","page_number":2,"box":{"x":53,"y":665,"width":877,"height":11}},{"id":"c977e31d-e6fd-4b5e-bfcf-73aeaf8d095e","block_type":"box","text":"in its financial markets, may have an adverse effect on U.S. issuers.","page_number":2,"box":{"x":53,"y":679,"width":470,"height":11}},{"id":"4855c028-f518-46c6-80ec-7c14f4c31ad8","block_type":"box","text":"Small-Capitalization Companies Risk.","page_number":2,"box":{"x":52,"y":703,"width":278,"height":10}},{"id":"38681bba-b6d1-4207-ba41-a0f154c0b373","block_type":"box","text":"Compared to mid- and large-capitalization companies, small-capitalization","page_number":2,"box":{"x":336,"y":703,"width":532,"height":10}},{"id":"448f3534-892a-44ba-93c8-608f31b05a1b","block_type":"box","text":"companies may be less stable and more susceptible to adverse developments. The securities of small-capitalization","page_number":2,"box":{"x":53,"y":717,"width":817,"height":11}},{"id":"a86db4a7-b98d-4ca4-8d19-a6969cb63ce3","block_type":"box","text":"companies may be more volatile and less liquid than those of mid- and large-capitalization companies. As a result, the Fund’s","page_number":2,"box":{"x":53,"y":731,"width":887,"height":11}},{"id":"22185f73-4e6b-4742-876f-f50ffd8473c2","block_type":"box","text":"share price may be more volatile than that of a fund with a greater investment in large- or mid-capitalization stocks.","page_number":2,"box":{"x":52,"y":745,"width":818,"height":11}},{"id":"cb5c2ef9-7033-4b86-8176-5c5ce8f7cee7","block_type":"box","text":"Equity Securities Risk.","page_number":2,"box":{"x":53,"y":768,"width":164,"height":11}},{"id":"04eaf9c3-7824-4e99-8cf6-ba09d195cba4","block_type":"box","text":"Equity securities are subject to changes in value, and their values may be more volatile than those of","page_number":2,"box":{"x":223,"y":768,"width":709,"height":11}},{"id":"0f1e586e-0df0-4aa3-a536-092b31bf2792","block_type":"box","text":"other asset classes. The value of a security may decline for a number of reasons that may directly relate to the issuer as well as","page_number":2,"box":{"x":53,"y":783,"width":889,"height":10}},{"id":"6324ba67-c067-453c-899c-f454c1580b6a","block_type":"box","text":"due to general industry or market conditions. Common stock is subordinated to preferred securities and debt in a company’s","page_number":2,"box":{"x":53,"y":797,"width":880,"height":11}},{"id":"3e521788-6450-4b00-a803-b025d50a9733","block_type":"box","text":"capital structure. Common stock has the lowest priority, and the greatest risk, with respect to dividends and any liquidation","page_number":2,"box":{"x":53,"y":811,"width":867,"height":11}},{"id":"103f973a-fd03-4c0e-b433-1915134102d0","block_type":"box","text":"payments in the event of an issuer’s bankruptcy.","page_number":2,"box":{"x":53,"y":825,"width":339,"height":11}},{"id":"c825464a-d265-4a5a-88a4-590433be0e36","block_type":"box","text":"Market Risk.","page_number":2,"box":{"x":53,"y":848,"width":91,"height":9}},{"id":"b1d1e9f3-07eb-4961-962f-0a2b71d02939","block_type":"box","text":"The Fund could lose money over short periods due to short-term market movements and over longer periods","page_number":2,"box":{"x":148,"y":848,"width":768,"height":11}},{"id":"975bed47-b6b0-4c7b-a4a7-e2d5809fafcc","block_type":"box","text":"during more prolonged market downturns. Local, regional or global events such as war, acts of terrorism, pandemics or other","page_number":2,"box":{"x":53,"y":862,"width":882,"height":11}},{"id":"3e95a82c-4d99-4662-b478-d8331f20c9b4","block_type":"box","text":"S-2","page_number":2,"box":{"x":493,"y":944,"width":24,"height":8}},{"id":"63626fbd-3ab2-4e6e-92a3-5567b6fd8ba6","block_type":"box","text":"public health issues, recessions, the prospect or occurrence of a sovereign default or other financial crisis, or other events","page_number":3,"box":{"x":53,"y":46,"width":858,"height":11}},{"id":"2a2e0bb1-ea8c-46db-83dc-6858da85c7b6","block_type":"box","text":"could have a significant impact on the Fund and its investments and could result in increased premiums or discounts to the","page_number":3,"box":{"x":53,"y":61,"width":875,"height":10}},{"id":"64a47bb0-b7ce-4244-aa43-5262d165c659","block_type":"box","text":"Fund’s NAV.","page_number":3,"box":{"x":53,"y":75,"width":82,"height":8}},{"id":"ff513dc8-d869-4ac4-971a-8b650b4b4e24","block_type":"box","text":"Index-Related Risk.","page_number":3,"box":{"x":53,"y":98,"width":143,"height":8}},{"id":"8d884a19-b1b0-478e-8b92-7b1490c94469","block_type":"box","text":"The Index Provider may rely on various sources of information to assess the criteria of components of the","page_number":3,"box":{"x":201,"y":98,"width":742,"height":11}},{"id":"a50b294e-45fb-4116-96b2-ccf17f422ed3","block_type":"box","text":"Underlying Index, including information that may be based on assumptions and estimates. Neither the Fund nor BFA can","page_number":3,"box":{"x":53,"y":112,"width":856,"height":11}},{"id":"7dde4b04-ac40-4aae-b905-5842ac9bd3b1","block_type":"box","text":"offer assurances that the Index Provider’s methodology or sources of information will provide an accurate assessment of","page_number":3,"box":{"x":53,"y":126,"width":852,"height":11}},{"id":"bc63aaa7-3fd9-45eb-b4d2-2e0d1d04755e","block_type":"box","text":"included components or will result in the Fund meeting its investment objective. Errors in index data, index computations or","page_number":3,"box":{"x":53,"y":141,"width":876,"height":10}},{"id":"77be8070-2262-414b-8476-cfd80eeba477","block_type":"box","text":"the construction of the Underlying Index in accordance with its methodology may occur, and the Index Provider may not","page_number":3,"box":{"x":52,"y":155,"width":849,"height":11}},{"id":"97bc9e6e-2e20-469a-9981-dd5087d90b66","block_type":"box","text":"identify or correct them promptly or at all, which may have an adverse impact on the Fund and its shareholders. Unusual","page_number":3,"box":{"x":53,"y":169,"width":849,"height":11}},{"id":"0adc0ea0-76f8-4a9b-b1e8-a141c8f2c465","block_type":"box","text":"market conditions or other unforeseen circumstances (such as natural disasters, political unrest or war) may impact the Index","page_number":3,"box":{"x":53,"y":183,"width":890,"height":11}},{"id":"7a2d5b23-f388-462c-b1db-6dbb20fe5d20","block_type":"box","text":"Provider or a third-party data provider and could cause the Index Provider to postpone a scheduled rebalance. This could","page_number":3,"box":{"x":53,"y":197,"width":853,"height":11}},{"id":"a81db17d-a708-4a86-b20a-5b22d0040041","block_type":"box","text":"cause the Underlying Index to vary from its normal or expected composition.","page_number":3,"box":{"x":53,"y":211,"width":539,"height":11}},{"id":"34456531-f798-4c38-9629-721cc4919961","block_type":"box","text":"Asset Class Risk.","page_number":3,"box":{"x":52,"y":235,"width":122,"height":8}},{"id":"8289d90c-5a3b-405d-bfdd-4f1e20d4a9b6","block_type":"box","text":"The securities and other assets in the Underlying Index or in the Fund’s portfolio may underperform in","page_number":3,"box":{"x":179,"y":235,"width":721,"height":10}},{"id":"c09650c1-893a-4363-9281-241ba2b28964","block_type":"box","text":"comparison to financial markets generally, a particular financial market, another index, or other asset classes.","page_number":3,"box":{"x":53,"y":249,"width":774,"height":11}},{"id":"a7264ba4-f41a-42d5-ae2e-39cab640b6de","block_type":"box","text":"Authorized Participant Concentration Risk.","page_number":3,"box":{"x":52,"y":272,"width":318,"height":10}},{"id":"c2e8ffda-aed8-4d15-ae28-471fabee40e3","block_type":"box","text":"An “Authorized Participant” is a member or participant of a clearing agency","page_number":3,"box":{"x":374,"y":272,"width":531,"height":11}},{"id":"3d590326-5742-423f-b8ff-92f2cb30e23f","block_type":"box","text":"registered with the SEC, which has a written agreement with the Fund or one of its service providers that allows the","page_number":3,"box":{"x":53,"y":286,"width":810,"height":11}},{"id":"db9ee547-a4a9-4717-b600-efefec6f2013","block_type":"box","text":"Authorized Participant to place orders for the purchase and redemption of creation units (“Creation Units”). Only an","page_number":3,"box":{"x":52,"y":300,"width":816,"height":11}},{"id":"5ff3dca8-7ab3-4cd5-b450-8f528d9ddf8f","block_type":"box","text":"Authorized Participant may engage in creation or redemption transactions directly with the Fund. There are a limited number","page_number":3,"box":{"x":52,"y":315,"width":884,"height":10}},{"id":"64c700c9-7658-4150-b7ee-c1f66c9f18a1","block_type":"box","text":"of institutions that may act as Authorized Participants for the Fund, including on an agency basis on behalf of other market","page_number":3,"box":{"x":53,"y":329,"width":871,"height":11}},{"id":"f94b2768-691b-4ec9-9a92-b113eeb161bd","block_type":"box","text":"participants. No Authorized Participant is obligated to engage in creation or redemption transactions. To the extent that","page_number":3,"box":{"x":53,"y":343,"width":846,"height":11}},{"id":"0a081375-6c7f-4eac-955f-209c7d49a739","block_type":"box","text":"Authorized Participants exit the business or do not place creation or redemption orders for the Fund and no other Authorized","page_number":3,"box":{"x":52,"y":357,"width":881,"height":11}},{"id":"88684322-1fbf-46d5-989f-85a283afae07","block_type":"box","text":"Participant places orders, Fund shares are more likely to trade at a premium or discount to NAV and possibly face trading","page_number":3,"box":{"x":53,"y":371,"width":853,"height":11}},{"id":"df111184-e90b-4101-af86-9e91dc2366c5","block_type":"box","text":"halts or delisting.","page_number":3,"box":{"x":53,"y":386,"width":121,"height":10}},{"id":"c031f994-7011-4dc6-b493-6b5bbeff616a","block_type":"box","text":"Concentration Risk.","page_number":3,"box":{"x":53,"y":409,"width":145,"height":8}},{"id":"050ce6e6-68e6-4d8c-83f0-f069b1a7ec57","block_type":"box","text":"The Fund may be susceptible to an increased risk of loss, including losses due to adverse events that","page_number":3,"box":{"x":202,"y":409,"width":711,"height":10}},{"id":"d455249d-7b4b-4715-b735-077c2f3fd23f","block_type":"box","text":"affect the Fund’s investments more than the market as a whole, to the extent that the Fund’s investments are concentrated in","page_number":3,"box":{"x":53,"y":423,"width":884,"height":10}},{"id":"c7e4707c-b4b0-4dd0-908f-76665acd2de5","block_type":"box","text":"the securities or other assets of one or more issuers, countries or other geographic units, markets, industries, project types, or","page_number":3,"box":{"x":52,"y":437,"width":887,"height":11}},{"id":"41580e41-d8fa-49a0-9e4f-9dacec73ad7c","block_type":"box","text":"asset classes.","page_number":3,"box":{"x":53,"y":451,"width":95,"height":9}},{"id":"defcb79f-5bc8-407f-9921-0b55e4532d1e","block_type":"box","text":"Financial Companies Risk.","page_number":3,"box":{"x":53,"y":474,"width":193,"height":11}},{"id":"52150446-4c3a-4f95-9cdb-b261f4587298","block_type":"box","text":"Financial services companies are subject to extensive governmental regulation and intervention,","page_number":3,"box":{"x":251,"y":475,"width":683,"height":10}},{"id":"b5253630-32cd-4431-92d1-d4a0ea33c827","block_type":"box","text":"which may adversely affect their profitability, the scope of their activities, the prices they can charge, the amount of capital","page_number":3,"box":{"x":52,"y":489,"width":864,"height":10}},{"id":"42d8c5c4-4efc-4faa-baf0-11e1f051dbb9","block_type":"box","text":"and liquid assets they must maintain and their size, among other things. Financial services companies also may be","page_number":3,"box":{"x":53,"y":503,"width":812,"height":11}},{"id":"f44bb39b-6439-4e0f-9cf6-71cc239ecaf5","block_type":"box","text":"significantly affected by, among other things, interest rates, economic conditions, volatility in financial markets, credit rating","page_number":3,"box":{"x":52,"y":517,"width":880,"height":11}},{"id":"6c8154f0-9dc2-4b17-bb95-8f1e631ca812","block_type":"box","text":"downgrades, adverse public perception, exposure concentration and counterparty risk.","page_number":3,"box":{"x":53,"y":531,"width":612,"height":11}},{"id":"1705e1a8-1a56-4e84-86a1-50d87854a611","block_type":"box","text":"Industrial Companies Risk.","page_number":3,"box":{"x":53,"y":554,"width":197,"height":11}},{"id":"afd6de96-e75d-4e5f-8e35-ee8ddc4b77e7","block_type":"box","text":"Industrial companies face a number of risks, including supply chain and distribution disruptions,","page_number":3,"box":{"x":255,"y":554,"width":685,"height":11}},{"id":"3b439d91-96d1-495b-8494-39bfc1b38daa","block_type":"box","text":"business interruptions, product obsolescence, third-party vendor risks, cyber attacks, trade disputes, product recalls, liability","page_number":3,"box":{"x":53,"y":569,"width":881,"height":10}},{"id":"fa6d55f8-9d32-4d12-aa93-97ccec334520","block_type":"box","text":"claims, scarcity of materials or parts, excess capacity, changes in consumer preferences, and volatility in commodity prices","page_number":3,"box":{"x":53,"y":583,"width":867,"height":11}},{"id":"23284e5f-f9fe-436e-8317-b4c7954c2597","block_type":"box","text":"and currencies. The performance of such companies may also be affected by technological developments, labor relations,","page_number":3,"box":{"x":53,"y":597,"width":860,"height":11}},{"id":"28bd43e6-8b8d-461e-9dc8-5f21214bebb1","block_type":"box","text":"legislative and regulatory changes, government spending policies, and changes in domestic and international economies.","page_number":3,"box":{"x":53,"y":611,"width":862,"height":11}},{"id":"dc1a888c-c567-4764-8e53-5aa4f8f2d169","block_type":"box","text":"Issuer Risk.","page_number":3,"box":{"x":53,"y":634,"width":83,"height":9}},{"id":"3c9f82bf-2369-4911-a956-cde4d1c6507f","block_type":"box","text":"The performance of the Fund depends on the performance of individual securities or other assets to which the","page_number":3,"box":{"x":140,"y":634,"width":780,"height":11}},{"id":"edf743b9-5202-4edb-acec-ef61ee0b7b2f","block_type":"box","text":"Fund has exposure. The value of securities or other assets may decline, or perform differently from the market as a whole, due","page_number":3,"box":{"x":53,"y":648,"width":886,"height":11}},{"id":"6de47e2d-a3b5-4f73-b55c-9917bdbd2cb1","block_type":"box","text":"to changes in the financial condition or credit rating of the issuer or counterparty.","page_number":3,"box":{"x":52,"y":663,"width":576,"height":10}},{"id":"9884f382-6708-4430-951d-436f7c2cfcf6","block_type":"box","text":"Management Risk.","page_number":3,"box":{"x":53,"y":686,"width":137,"height":11}},{"id":"e4ea0d57-9312-4010-a415-7527cdcf9ddf","block_type":"box","text":"The Fund does not try to “beat” the Underlying Index it tracks and does not attempt to take defensive","page_number":3,"box":{"x":194,"y":686,"width":711,"height":11}},{"id":"e25666ba-f849-4aca-a94a-78472d712863","block_type":"box","text":"positions under any market conditions, including declining markets. As the Fund will not fully replicate the Underlying Index","page_number":3,"box":{"x":53,"y":700,"width":877,"height":11}},{"id":"030f0415-063b-4b4d-a8dd-4ba0a799f5a7","block_type":"box","text":"and may hold securities or other assets not included in the Underlying Index, it is subject to the risk that BFA’s investment","page_number":3,"box":{"x":53,"y":714,"width":859,"height":11}},{"id":"c602409b-7f5f-4a63-8220-da8113bff8da","block_type":"box","text":"strategy may not produce the intended results. There is no guarantee that the Fund’s investment results will have a high","page_number":3,"box":{"x":52,"y":728,"width":848,"height":11}},{"id":"43b0ff74-ab2c-4155-a19f-cec06618bb0d","block_type":"box","text":"degree of correlation to those of the Underlying Index or that the Fund will achieve its investment objective.","page_number":3,"box":{"x":53,"y":743,"width":756,"height":10}},{"id":"26cfb1fa-31e7-437a-8521-3ab8c3ad827a","block_type":"box","text":"Market Trading Risk.","page_number":3,"box":{"x":53,"y":766,"width":152,"height":11}},{"id":"5a24ac98-8d1c-40f1-b05f-c6737214f547","block_type":"box","text":"The Fund faces numerous market trading risks, including the potential lack of an active market for","page_number":3,"box":{"x":209,"y":766,"width":694,"height":11}},{"id":"c6f9cb64-2192-4456-878b-08878b43556b","block_type":"box","text":"Fund shares (including through a trading halt), losses from trading in secondary markets, periods of high volatility, and","page_number":3,"box":{"x":53,"y":780,"width":841,"height":11}},{"id":"b021ecf1-941a-4cb9-aef2-23146ed84bc9","block_type":"box","text":"disruptions in the process of creating and redeeming Fund shares. Any of these factors, among others, may lead to the Fund’s","page_number":3,"box":{"x":53,"y":794,"width":887,"height":11}},{"id":"010d3c30-757d-4a46-9bff-ddd2d318f291","block_type":"box","text":"shares trading in the secondary market at a premium or discount to NAV or to the intraday value of the Fund’s portfolio","page_number":3,"box":{"x":52,"y":808,"width":839,"height":11}},{"id":"525a5f4b-af6d-4ddb-9aa6-717f1cad4293","block_type":"box","text":"holdings. If you buy Fund shares at a time when the market price is at a premium to NAV or sell Fund shares at a time when","page_number":3,"box":{"x":53,"y":822,"width":866,"height":11}},{"id":"edcfa5ce-6d52-43cd-b2ce-b76d6358d580","block_type":"box","text":"the market price is at a discount to NAV, you may pay significantly more or receive significantly less than the underlying value","page_number":3,"box":{"x":52,"y":837,"width":885,"height":10}},{"id":"d597bed2-939b-443e-a9f3-d814f95aff25","block_type":"box","text":"of the Fund shares.","page_number":3,"box":{"x":53,"y":851,"width":134,"height":8}},{"id":"72749b9d-337d-488c-967e-dacbb96b55b6","block_type":"box","text":"Operational and Technology Risks.","page_number":3,"box":{"x":53,"y":874,"width":254,"height":11}},{"id":"d4a7fd1a-9d6e-478a-9098-dbf02ddc7d48","block_type":"box","text":"The Fund is directly and indirectly susceptible to operational and technology risks,","page_number":3,"box":{"x":312,"y":874,"width":581,"height":11}},{"id":"77722bc0-8b40-4b22-b5f4-8b0441372916","block_type":"box","text":"including those related to human errors, processing errors, communication errors, systems failures, cybersecurity incidents,","page_number":3,"box":{"x":53,"y":888,"width":876,"height":11}},{"id":"c965c430-bd76-4543-8633-b949d1333c57","block_type":"box","text":"and the use of artificial intelligence and machine learning (“AI”), which may result in losses for the Fund and its shareholders","page_number":3,"box":{"x":53,"y":902,"width":879,"height":11}},{"id":"44096445-7265-44cb-b1ac-7ef71133bb7a","block_type":"box","text":"S-3","page_number":3,"box":{"x":493,"y":944,"width":24,"height":8}},{"id":"a26b6402-c677-44ee-a821-1f55d87ca27e","block_type":"box","text":"or may impair the Fund’s operations. While the Fund’s service providers are required to have appropriate operational,","page_number":4,"box":{"x":53,"y":46,"width":825,"height":11}},{"id":"db99bf66-2dd6-4e5d-8884-ace5d1faf9e7","block_type":"box","text":"information security and cybersecurity risk management policies and procedures, their methods of risk management may","page_number":4,"box":{"x":53,"y":61,"width":862,"height":10}},{"id":"7b35968a-2a73-420d-8b47-6c5e9aaf3d27","block_type":"box","text":"differ from those of the Fund. Operational and technology risks for the issuers in which the Fund invests could also result in","page_number":4,"box":{"x":53,"y":75,"width":872,"height":11}},{"id":"d2faf87a-29e7-443c-88da-2c3cbe1bcf71","block_type":"box","text":"material adverse consequences for such issuers and may cause the Fund’s investments in such issuers to lose value.","page_number":4,"box":{"x":53,"y":89,"width":824,"height":11}},{"id":"2dc4326c-d431-4a5f-8d1e-7b5b4bfacf05","block_type":"box","text":"Securities Lending Risk.","page_number":4,"box":{"x":52,"y":112,"width":178,"height":11}},{"id":"ea223f3c-00ed-4de8-a7d6-edd30c4f8174","block_type":"box","text":"The Fund may engage in securities lending. Securities lending involves the risk that the Fund may","page_number":4,"box":{"x":234,"y":112,"width":692,"height":11}},{"id":"62c112a2-535a-4cf9-aaf7-c1d681c34813","block_type":"box","text":"lose money because the borrower of the loaned securities fails to return the securities in a timely manner or at all. The Fund","page_number":4,"box":{"x":53,"y":126,"width":870,"height":11}},{"id":"a6655018-9145-40ec-8386-d41a271df0ac","block_type":"box","text":"could also lose money in the event of a decline in the value of collateral provided for loaned securities or a decline in the value","page_number":4,"box":{"x":53,"y":141,"width":886,"height":10}},{"id":"4e2c0b48-136e-4bc8-b1f5-09b8269fb61b","block_type":"box","text":"of any investments made with cash collateral. These events could also trigger adverse tax consequences for the Fund.","page_number":4,"box":{"x":53,"y":155,"width":831,"height":11}},{"id":"b76c72c4-2bfe-418d-8ff3-9d5f351819b0","block_type":"box","text":"Technology Companies Risk.","page_number":4,"box":{"x":52,"y":178,"width":211,"height":11}},{"id":"a63b5ddc-d9d1-4abd-ab28-f9d7fcd90dd6","block_type":"box","text":"Technology companies and companies that rely heavily on technological advances may have","page_number":4,"box":{"x":267,"y":178,"width":657,"height":11}},{"id":"04e18efe-cd0c-4077-b98f-be87ac6001dd","block_type":"box","text":"limited product lines, markets, financial resources, supply chains and personnel. These companies typically face intense","page_number":4,"box":{"x":53,"y":192,"width":849,"height":11}},{"id":"f0b27a68-cc37-40f4-b4a1-be2094597b89","block_type":"box","text":"competition, potentially rapid product obsolescence and changes in product cycles and customer preferences. They may face","page_number":4,"box":{"x":53,"y":206,"width":887,"height":11}},{"id":"153b73ad-0734-43ca-b51e-f5e3c3d813be","block_type":"box","text":"unexpected risks and costs associated with technological developments, such as artificial intelligence and machine learning.","page_number":4,"box":{"x":53,"y":220,"width":883,"height":11}},{"id":"e9cd5205-aa3c-4951-8d01-92f49c39e8cd","block_type":"box","text":"Technology companies also depend heavily on intellectual property rights and may be adversely affected by the loss or","page_number":4,"box":{"x":52,"y":235,"width":839,"height":10}},{"id":"8f3418f7-41ca-465f-9060-9fdacf2a769f","block_type":"box","text":"impairment of those rights. Technology companies may face increased government scrutiny and may be subject to adverse","page_number":4,"box":{"x":53,"y":249,"width":870,"height":11}},{"id":"20608e6e-d20f-45c0-a08b-c04328c745bb","block_type":"box","text":"government or legal action.","page_number":4,"box":{"x":53,"y":263,"width":192,"height":11}},{"id":"87439047-cc44-422e-9876-7e028ab02ef9","block_type":"box","text":"Tracking Error Risk.","page_number":4,"box":{"x":52,"y":286,"width":145,"height":11}},{"id":"635ba56d-bc5f-449d-bc92-9f48559cc0a7","block_type":"box","text":"The Fund may be subject to “tracking error,” which is the divergence of the Fund’s performance from that","page_number":4,"box":{"x":201,"y":286,"width":741,"height":11}},{"id":"b489db38-296f-440b-97ec-6f3eb8bf5d88","block_type":"box","text":"of the Underlying Index. Tracking error may occur due to a number of factors, including differences between the securities","page_number":4,"box":{"x":53,"y":300,"width":861,"height":11}},{"id":"9883dd18-f5fb-4551-8156-ca419a350374","block_type":"box","text":"and other assets held in the Fund’s portfolio and those included in the Underlying Index; differences in the timing and","page_number":4,"box":{"x":53,"y":314,"width":832,"height":11}},{"id":"71aa7750-1030-43c0-82b8-2e5fbd101886","block_type":"box","text":"methodologies used to value securities and other assets; transaction costs and other expenses incurred by the Fund that the","page_number":4,"box":{"x":53,"y":329,"width":880,"height":11}},{"id":"34f0e0ff-1bd6-48bd-b340-cc8f4541877a","block_type":"box","text":"Underlying Index does not incur; the Fund’s holding of uninvested cash; differences in the timing of the accrual or the","page_number":4,"box":{"x":53,"y":343,"width":831,"height":11}},{"id":"89e0e6ab-0291-4ebf-a813-3499944f6953","block_type":"box","text":"valuation of dividends or interest received by the Fund or distributions paid to Fund shareholders; tax gains or losses;","page_number":4,"box":{"x":52,"y":357,"width":828,"height":11}},{"id":"1c99d5c3-21fa-47bf-a4f0-9a74b237a0e0","block_type":"box","text":"differences between the amount and/or timing of withholding taxes on dividends reflected in the Underlying Index from the","page_number":4,"box":{"x":53,"y":371,"width":873,"height":11}},{"id":"38270f05-c645-497c-bffb-d1d5ee6b619b","block_type":"box","text":"Fund’s obligation, if any, for foreign withholding taxes; the requirements for the Fund to maintain pass-through tax treatment;","page_number":4,"box":{"x":53,"y":385,"width":889,"height":11}},{"id":"4f16ab89-06fe-4442-94be-a5c7a5b0c6da","block_type":"box","text":"portfolio transactions carried out to minimize the distribution of capital gains to shareholders; the acceptance of custom","page_number":4,"box":{"x":53,"y":400,"width":852,"height":10}},{"id":"2132ef74-6c18-42b1-a317-46cc36272084","block_type":"box","text":"baskets; changes to the Underlying Index including the ability and timing of the Fund to adjust its portfolio to reflect changes","page_number":4,"box":{"x":53,"y":414,"width":886,"height":11}},{"id":"53cb7361-6208-4c0e-b2eb-3924963466d3","block_type":"box","text":"in the Underlying Index; and impacts to the Fund of complying with certain regulatory requirements or limits. Tracking error","page_number":4,"box":{"x":53,"y":428,"width":873,"height":11}},{"id":"6f08d6fa-c77b-4d81-a05d-2db1b25997d0","block_type":"box","text":"risk may be heightened during times of increased market volatility or other unusual market conditions.","page_number":4,"box":{"x":53,"y":442,"width":724,"height":11}},{"id":"4514d461-c89b-43b2-82bd-311b36ae5404","block_type":"box","text":"Performance Information","page_number":4,"box":{"x":54,"y":471,"width":228,"height":11}},{"id":"44f3c49a-5b2f-4ecb-a241-da6f4888c217","block_type":"box","text":"The performance information below illustrates how the Fund’s performance has varied over different periods and provides","page_number":4,"box":{"x":52,"y":496,"width":864,"height":11}},{"id":"ec5dd458-516e-4e50-8b30-8442755cb793","block_type":"box","text":"some indication of the risks of investing in the Fund. The bar chart shows how the performance of the Fund has varied from","page_number":4,"box":{"x":52,"y":511,"width":872,"height":10}},{"id":"3232f028-4fde-4bfe-ba01-c87a5248be94","block_type":"box","text":"one calendar year to another over the periods shown. The table compares the Fund’s performance to that of an appropriate","page_number":4,"box":{"x":53,"y":525,"width":868,"height":11}},{"id":"b1abee8a-7240-4722-b08b-8b3bd9e0016a","block_type":"box","text":"broad-based securities market index and the Underlying Index. Returns assume the reinvestment of any dividends and","page_number":4,"box":{"x":53,"y":539,"width":838,"height":11}},{"id":"bad43b0c-4105-4141-a2c9-7f5ef38fa3f4","block_type":"box","text":"distributions. The Fund’s returns reflect the impact of any agreements to waive or reimburse expenses, which would reduce","page_number":4,"box":{"x":53,"y":553,"width":868,"height":11}},{"id":"a6746b71-8a38-46f1-a160-1f322f922f73","block_type":"box","text":"performance if not in effect. Past performance (before and after taxes) does not necessarily indicate how the Fund will","page_number":4,"box":{"x":53,"y":567,"width":832,"height":11}},{"id":"ca2b2b66-3895-49e9-8e69-7431f1534d15","block_type":"box","text":"perform in the future. Updated performance information, including the Fund’s current NAV, may be obtained by visiting","page_number":4,"box":{"x":53,"y":581,"width":842,"height":11}},{"id":"555a5ee0-419b-4561-89a2-3ea953eb7d13","block_type":"box","text":"www.iShares.com or by calling 1-800-iShares (1-800-474-2737) (toll free).","page_number":4,"box":{"x":52,"y":596,"width":531,"height":10}},{"id":"0d462abd-7950-4483-842b-d67ce6919e83","block_type":"box","text":"Calendar Year-by-Year Returns (%)","page_number":4,"box":{"x":135,"y":620,"width":260,"height":11}},{"id":"c4f0f7f0-6728-47dd-b56f-b401538041ee","block_type":"box","text":"23.42","page_number":4,"box":{"x":85,"y":676,"width":27,"height":6}},{"id":"3f462e7f-1727-4c36-aa50-cf51b77f8710","block_type":"box","text":"13.01","page_number":4,"box":{"x":124,"y":692,"width":23,"height":6}},{"id":"e28be996-0761-4df3-9013-c262c1b31c95","block_type":"box","text":"-13.81","page_number":4,"box":{"x":157,"y":748,"width":29,"height":6}},{"id":"c0e8b7a1-bf58-47b4-88bf-4c6cfea71af6","block_type":"box","text":"29.37","page_number":4,"box":{"x":197,"y":667,"width":26,"height":6}},{"id":"f46937c3-e1ae-470d-8b79-0ae145210372","block_type":"box","text":"6.10","page_number":4,"box":{"x":237,"y":702,"width":20,"height":6}},{"id":"72151454-944d-4090-a8c7-47c50f7f2b48","block_type":"box","text":"17.59","page_number":4,"box":{"x":272,"y":685,"width":25,"height":6}},{"id":"7931ffad-ac8f-4c2f-8e1f-e26ca5d117d1","block_type":"box","text":"-19.13","page_number":4,"box":{"x":306,"y":756,"width":29,"height":6}},{"id":"fbaecbc8-9920-44cc-96f0-d59195e98fec","block_type":"box","text":"19.66","page_number":4,"box":{"x":346,"y":681,"width":25,"height":6}},{"id":"c46d6c2e-a3d1-47b2-80d6-10ee514ff34b","block_type":"box","text":"11.37","page_number":4,"box":{"x":383,"y":694,"width":25,"height":6}},{"id":"4530940f-e001-45fb-8bf9-0334ff7d42b2","block_type":"box","text":"11.93","page_number":4,"box":{"x":420,"y":693,"width":25,"height":6}},{"id":"a1ee44a0-6301-4f7b-ba45-abd952f2eb93","block_type":"box","text":"2016 2017 2018 2019 2020 2021 2022 2023 2024 2025","page_number":4,"box":{"x":87,"y":774,"width":356,"height":6}},{"id":"9d8a0960-08a2-4be2-b6fb-61411e711d14","block_type":"box","text":"Return (%) Period Ended","page_number":4,"box":{"x":736,"y":635,"width":188,"height":9}},{"id":"db8dd141-2f8e-47bf-83c7-44d0e4a42020","block_type":"box","text":"Calendar Year-to-Date Return","page_number":4,"box":{"x":520,"y":653,"width":197,"height":8}},{"id":"28aadeb9-9b41-46bd-a6ec-e1807f5c75b6","block_type":"box","text":"16.81% June 30, 2026","page_number":4,"box":{"x":750,"y":653,"width":192,"height":9}},{"id":"74a6bc6e-e838-4010-a29b-14f55b1b69a5","block_type":"box","text":"During the periods shown in the chart:","page_number":4,"box":{"x":520,"y":666,"width":250,"height":10}},{"id":"74566fd9-56b8-497a-8c14-dd501f46478b","block_type":"box","text":"Best Quarter 26.29% December 31, 2020","page_number":4,"box":{"x":534,"y":679,"width":408,"height":9}},{"id":"b50dace5-5123-4391-b9f3-7c469341e4db","block_type":"box","text":"Worst Quarter -33.15% March 31, 2020","page_number":4,"box":{"x":533,"y":692,"width":409,"height":9}},{"id":"07c5338c-cbf2-4850-97ea-26689e3bfd1d","block_type":"box","text":"S-4","page_number":4,"box":{"x":493,"y":944,"width":25,"height":8}},{"id":"3eaf39b4-425e-48a9-a0c3-7813ec5b2a53","block_type":"box","text":"Average Annual Total Returns (%)","page_number":5,"box":{"x":372,"y":54,"width":251,"height":11}},{"id":"510abc0e-208f-4c49-99eb-e91614ac2508","block_type":"box","text":"(for the periods ended December 31, 2025)","page_number":5,"box":{"x":340,"y":68,"width":315,"height":11}},{"id":"69024303-54a6-4263-b0e4-d6404ab19078","block_type":"box","text":"One Year Five Years Ten Years","page_number":5,"box":{"x":670,"y":85,"width":268,"height":7}},{"id":"b2b46d65-a7a7-4160-8a1e-056a7d0ea325","block_type":"box","text":"Fund Inception: 6/28/2004","page_number":5,"box":{"x":58,"y":100,"width":179,"height":10}},{"id":"0f0e6c6b-0dba-43ef-81f1-ddcb60dd6c10","block_type":"box","text":"Return Before Taxes","page_number":5,"box":{"x":58,"y":112,"width":125,"height":7}},{"id":"5f46911b-0b79-44a1-aa3a-68c0b861aeee","block_type":"box","text":"11.93% 7.24% 8.88%","page_number":5,"box":{"x":682,"y":112,"width":257,"height":7}},{"id":"68215aa7-86c5-40c1-b7e5-23031e0bcf88","block_type":"box","text":"Return After Taxes on Distributions 11.49% 6.81% 8.43%","page_number":5,"box":{"x":58,"y":123,"width":881,"height":8}},{"id":"f742883b-8263-4a7e-bd07-adce1180a90e","block_type":"box","text":"Return After Taxes on Distributions and Sale of Fund Shares 7.26% 5.57% 7.12%","page_number":5,"box":{"x":58,"y":135,"width":881,"height":8}},{"id":"7a59f803-3405-44fb-ad37-c598a2b604b8","block_type":"box","text":"MSCI US Broad Market Index","page_number":5,"box":{"x":58,"y":147,"width":190,"height":7}},{"id":"274eb7bd-b74a-462c-bc5c-e348d36de8d6","block_type":"box","text":"1","page_number":5,"box":{"x":249,"y":145,"width":5,"height":5}},{"id":"d07ea5f0-0338-4ea3-9c4c-292449b4e198","block_type":"box","text":"(Returns do not reflect deductions for fees, expenses or taxes) 17.21% 13.28% 14.37%","page_number":5,"box":{"x":258,"y":147,"width":681,"height":9}},{"id":"43cf3ace-2b0a-414e-b122-6107e0ac6f88","block_type":"box","text":"MSCI USA Small Cap Index (Spliced)","page_number":5,"box":{"x":58,"y":158,"width":237,"height":10}},{"id":"8a15b9e9-dba4-48c3-a22b-3844f0f784d0","block_type":"box","text":"2","page_number":5,"box":{"x":296,"y":157,"width":5,"height":4}},{"id":"fa6e5de6-a66b-42f3-8f7f-f762f66c619e","block_type":"box","text":"(Returns do not reflect deductions for fees, expenses","page_number":5,"box":{"x":305,"y":158,"width":331,"height":10}},{"id":"447dc463-5ecf-4ec2-8387-e0e19fe2485b","block_type":"box","text":"or taxes)","page_number":5,"box":{"x":71,"y":171,"width":53,"height":8}},{"id":"7d8d00af-d7c4-4e4f-b4bc-d42bd649ff83","block_type":"box","text":"11.86% 7.14% 8.91%","page_number":5,"box":{"x":682,"y":171,"width":257,"height":8}},{"id":"b896ba20-aa48-4486-bdfb-1c6cc7f2dac3","block_type":"box","text":"Morningstar US Market Index","page_number":5,"box":{"x":58,"y":183,"width":194,"height":9}},{"id":"aeb27f66-7dbd-437d-be59-78864a32d691","block_type":"box","text":"1","page_number":5,"box":{"x":253,"y":181,"width":5,"height":5}},{"id":"76ccbb7e-f871-4129-93bd-c9448416a639","block_type":"box","text":"(Returns do not reflect deductions for fees, expenses or","page_number":5,"box":{"x":262,"y":183,"width":347,"height":9}},{"id":"4e133397-2587-4785-964c-5c77bcc18540","block_type":"box","text":"taxes)","page_number":5,"box":{"x":71,"y":196,"width":37,"height":8}},{"id":"fefbd719-566a-4818-97ac-4ff34d1ce5ba","block_type":"box","text":"17.35% 13.29% 14.40%","page_number":5,"box":{"x":682,"y":196,"width":257,"height":7}},{"id":"013d4d5f-8855-4f72-a7f6-f1505878d056","block_type":"box","text":"1","page_number":5,"box":{"x":80,"y":214,"width":5,"height":5}},{"id":"b71c246b-6154-4579-829f-0ee6e3f083d6","block_type":"box","text":"The Fund is changing its broad-based index from the Morningstar US Market Index to the MSCI US Broad Market Index in connection","page_number":5,"box":{"x":92,"y":216,"width":841,"height":9}},{"id":"61c9fa9d-1474-462b-937a-9d0a90dac8d5","block_type":"box","text":"with changing its Underlying Index as Fund management believes the MSCI US Broad Market Index is more representative of the","page_number":5,"box":{"x":92,"y":226,"width":811,"height":10}},{"id":"7bd1a697-0397-46c9-be1c-1b2640363f72","block_type":"box","text":"investments in which the Fund will invest. The Fund will no longer compare its performance to the Morningstar US Market Index","page_number":5,"box":{"x":93,"y":236,"width":805,"height":10}},{"id":"e1c25a41-93d8-4fec-a71e-69dcb3c8d11f","block_type":"box","text":"effective approximately one year from October 5, 2026.","page_number":5,"box":{"x":93,"y":247,"width":345,"height":9}},{"id":"2e97d238-b88b-452c-a79d-a071694ee6f1","block_type":"box","text":"2","page_number":5,"box":{"x":80,"y":255,"width":5,"height":5}},{"id":"f7af0e2e-1fff-4c17-989a-71dacb63053a","block_type":"box","text":"The MSCI USA Small Cap Index (Spliced) reflects the performance of the Morningstar US Small Core Index through March 21, 2021,","page_number":5,"box":{"x":92,"y":257,"width":831,"height":9}},{"id":"b0a4d90f-2f33-4338-ad0d-3300c98c8c0a","block_type":"box","text":"the Morningstar US Small Cap Extended Market Index through October 5, 2026 and the MSCI USA Small Cap Index thereafter, which","page_number":5,"box":{"x":92,"y":267,"width":835,"height":10}},{"id":"e118609f-6731-4da2-a09b-64599855d28c","block_type":"box","text":"reflects the times when each index was the Underlying Index of the Fund.","page_number":5,"box":{"x":93,"y":277,"width":458,"height":10}},{"id":"330745b4-0231-4a22-859c-63bf684c9663","block_type":"box","text":"After-tax returns in the table above are calculated using the historical highest individual U.S. federal marginal income tax","page_number":5,"box":{"x":52,"y":297,"width":857,"height":11}},{"id":"94b2d2b6-427c-43d2-b627-3d7266dfbc10","block_type":"box","text":"rates and do not reflect the impact of state or local taxes. Actual after-tax returns depend on an investor’s tax situation and","page_number":5,"box":{"x":53,"y":310,"width":865,"height":11}},{"id":"2f1891a4-9618-4671-8f5c-49bde74ac8a1","block_type":"box","text":"may differ from those shown, and after-tax returns shown are not relevant to tax-exempt investors or investors who hold","page_number":5,"box":{"x":53,"y":323,"width":847,"height":11}},{"id":"e7e34e1c-d447-4a67-a776-b226e9b65351","block_type":"box","text":"shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts (“IRAs”). Fund returns","page_number":5,"box":{"x":52,"y":336,"width":857,"height":11}},{"id":"1febfa1e-408a-4a39-910a-b0ff169a9fd5","block_type":"box","text":"after taxes on distributions and sales of Fund shares are calculated assuming that an investor has sufficient capital gains of","page_number":5,"box":{"x":53,"y":349,"width":877,"height":11}},{"id":"aa60c2c0-d22e-4927-8ca2-53f045b22a59","block_type":"box","text":"the same character from other investments to offset any capital losses from the sales of Fund shares. As a result, Fund","page_number":5,"box":{"x":52,"y":362,"width":836,"height":10}},{"id":"4ec57da0-220d-4591-83be-00b120d5e0c2","block_type":"box","text":"returns after taxes on distributions and sales of Fund shares may exceed Fund returns before taxes and/or returns after taxes","page_number":5,"box":{"x":53,"y":375,"width":886,"height":10}},{"id":"b3e3a516-f94c-41f2-bc22-919dc465c489","block_type":"box","text":"on distributions.","page_number":5,"box":{"x":53,"y":388,"width":114,"height":8}},{"id":"309f7560-0e9b-4e37-9c39-ed155ff9fac9","block_type":"box","text":"Management","page_number":5,"box":{"x":54,"y":415,"width":119,"height":13}},{"id":"b51f6f8e-2628-4ad7-853b-2b7ff838414f","block_type":"box","text":"Investment Adviser.","page_number":5,"box":{"x":53,"y":440,"width":145,"height":9}},{"id":"cd2d6203-408f-4bf1-ab7b-2418719812ac","block_type":"box","text":"BlackRock Fund Advisors.","page_number":5,"box":{"x":204,"y":440,"width":180,"height":9}},{"id":"30e2e285-facc-4658-b3b6-822552c796b8","block_type":"box","text":"Portfolio Managers.","page_number":5,"box":{"x":53,"y":462,"width":146,"height":11}},{"id":"7c09f34c-9779-4ef2-a274-a2096a756d72","block_type":"box","text":"The following individuals (the “Portfolio Managers”) are primarily responsible for the day-to-day","page_number":5,"box":{"x":203,"y":462,"width":679,"height":11}},{"id":"a1dc3c0b-ea05-4746-a537-03867721e0f6","block_type":"box","text":"management of the Fund:","page_number":5,"box":{"x":53,"y":475,"width":182,"height":11}},{"id":"011c1525-7a87-4a36-a525-df9ec5571352","block_type":"box","text":"Portfolio Manager","page_number":5,"box":{"x":58,"y":509,"width":119,"height":10}},{"id":"5bd3325d-e135-41e2-914c-ae359f6d5a98","block_type":"box","text":"Portfolio Manager of the","page_number":5,"box":{"x":411,"y":496,"width":160,"height":10}},{"id":"1469ab4f-a550-44ad-a5c8-86a70648bc9a","block_type":"box","text":"Fund Since","page_number":5,"box":{"x":455,"y":509,"width":72,"height":8}},{"id":"2e9f00e7-68b2-4498-aaff-26c655ffbe17","block_type":"box","text":"Title with Investment","page_number":5,"box":{"x":804,"y":497,"width":140,"height":7}},{"id":"8774a09f-95c7-47e5-9cf0-afa5cc20d5c5","block_type":"box","text":"Adviser","page_number":5,"box":{"x":849,"y":509,"width":49,"height":8}},{"id":"55f939a4-5a24-4608-b536-5489b17c2c9a","block_type":"box","text":"Jennifer Hsui 2012 Managing Director","page_number":5,"box":{"x":57,"y":525,"width":876,"height":10}},{"id":"d32c4cf3-9cc7-42a8-8a72-183c5b6fffef","block_type":"box","text":"Matt Waldron 2025 Managing Director","page_number":5,"box":{"x":58,"y":540,"width":875,"height":10}},{"id":"52176151-99b5-4d92-8887-7fce9186b921","block_type":"box","text":"Peter Sietsema 2025 Managing Director","page_number":5,"box":{"x":58,"y":556,"width":875,"height":10}},{"id":"98cfaf70-1bde-4ddd-9486-49bb9d860b2a","block_type":"box","text":"Steven White 2025 Managing Director","page_number":5,"box":{"x":57,"y":571,"width":876,"height":10}},{"id":"e6b4b14c-1c42-4cdc-a00e-25cf67dfc8bc","block_type":"box","text":"Purchase and Sale of Fund Shares","page_number":5,"box":{"x":54,"y":606,"width":304,"height":11}},{"id":"4084ffdd-4ad7-4864-8cc2-5e1a7df796fb","block_type":"box","text":"The Fund is an exchange-traded fund (commonly referred to as an “ETF”). Individual shares of the Fund may only be bought","page_number":5,"box":{"x":52,"y":631,"width":878,"height":12}},{"id":"dc042c96-fee5-484e-82c7-78a3dcdcfa5c","block_type":"box","text":"and sold in the secondary market through a broker-dealer. Because ETF shares trade at market prices rather than at NAV,","page_number":5,"box":{"x":53,"y":645,"width":855,"height":10}},{"id":"cf24e34c-0b20-4d46-910f-9b0ac374bfc5","block_type":"box","text":"shares may trade at a price greater than NAV (a premium) or less than NAV (a discount). An investor may incur costs","page_number":5,"box":{"x":52,"y":657,"width":817,"height":11}},{"id":"2178db88-29c5-493d-a535-2c3efcc92aba","block_type":"box","text":"attributable to the difference between the highest price a buyer is willing to pay to purchase shares of the Fund (bid) and the","page_number":5,"box":{"x":53,"y":670,"width":878,"height":11}},{"id":"f15ec70e-4afc-4ab9-84dc-c7698bca647c","block_type":"box","text":"lowest price a seller is willing to accept for shares of the Fund (ask) when buying or selling shares in the secondary market","page_number":5,"box":{"x":53,"y":683,"width":861,"height":11}},{"id":"7e7f531b-e3e4-4f81-9cd3-eca84bc034d1","block_type":"box","text":"(the “bid-ask spread”).","page_number":5,"box":{"x":53,"y":696,"width":156,"height":11}},{"id":"c956e8a4-7475-4c05-9348-cd77c0de782b","block_type":"box","text":"Tax Information","page_number":5,"box":{"x":52,"y":724,"width":144,"height":10}},{"id":"4295751b-8298-4818-be5d-22c13743117b","block_type":"box","text":"The Fund intends to make distributions that may be taxable to you as ordinary income or capital gains, unless you are","page_number":5,"box":{"x":52,"y":749,"width":831,"height":11}},{"id":"7bf11363-7f0b-4bb1-9482-865cd857cc81","block_type":"box","text":"investing through a tax-deferred arrangement such as a 401(k) plan or an IRA, in which case, your distributions generally will","page_number":5,"box":{"x":53,"y":762,"width":883,"height":11}},{"id":"4adfcfdf-4f78-4157-937d-c52d997c987a","block_type":"box","text":"be taxed when withdrawn.","page_number":5,"box":{"x":53,"y":775,"width":182,"height":8}},{"id":"3eb82a51-9163-4157-86b6-c31645a4b3e9","block_type":"box","text":"Payments to Broker-Dealers and Other Financial Intermediaries","page_number":5,"box":{"x":54,"y":802,"width":575,"height":14}},{"id":"f9ced518-81b0-4332-a69b-4146aa0823b0","block_type":"box","text":"If you purchase shares of the Fund through a broker-dealer or other financial intermediary (such as a bank), BFA or other","page_number":5,"box":{"x":53,"y":828,"width":855,"height":10}},{"id":"e927b9a0-a943-401c-9793-959e22f7d497","block_type":"box","text":"related companies may pay the intermediary for marketing activities and presentations, educational training programs,","page_number":5,"box":{"x":53,"y":841,"width":843,"height":10}},{"id":"b969b4a5-6901-4cd4-ae5e-5736763af8d8","block_type":"box","text":"conferences, the development of technology platforms and reporting systems or other services related to the sale or","page_number":5,"box":{"x":53,"y":853,"width":820,"height":11}},{"id":"5135052d-ce55-4029-be9a-f358cdd50295","block_type":"box","text":"promotion of the Fund. These payments may create a conflict of interest by influencing the broker-dealer or other","page_number":5,"box":{"x":53,"y":866,"width":801,"height":11}},{"id":"de4346b8-a796-4878-9e88-992e17c03ff1","block_type":"box","text":"intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your","page_number":5,"box":{"x":53,"y":879,"width":841,"height":11}},{"id":"00b9f1a9-3685-49b3-b613-9a807dd4dd9b","block_type":"box","text":"financial intermediary’s website for more information.","page_number":5,"box":{"x":52,"y":892,"width":380,"height":11}},{"id":"1835a444-5447-4ab7-abd6-17159f95a2c8","block_type":"box","text":"S-5","page_number":5,"box":{"x":493,"y":944,"width":24,"height":8}},{"id":"717e8838-1240-48b5-9bbe-84523f5b1e8e","block_type":"box","text":"[THIS PAGE INTENTIONALLY LEFT BLANK]","page_number":6,"box":{"x":360,"y":333,"width":268,"height":10}},{"id":"49b6ddb8-de97-4b08-bcad-04bab4027103","block_type":"box","text":"[THIS PAGE INTENTIONALLY LEFT BLANK]","page_number":7,"box":{"x":360,"y":333,"width":268,"height":10}},{"id":"ee2510f3-7191-42b5-acfb-de086b1d411b","block_type":"box","text":"©2026 BlackRock, Inc. or its affiliates. All rights reserved.","page_number":8,"box":{"x":53,"y":908,"width":357,"height":9}},{"id":"4b370930-b40f-4464-a7c0-588b45348783","block_type":"box","text":"iSHARES and BLACKROCK are registered trademarks of","page_number":8,"box":{"x":53,"y":920,"width":352,"height":10}},{"id":"10d2139f-b996-4182-b2fe-a1c44cd28be4","block_type":"box","text":"BlackRock, Inc. or its affiliates. All other trademarks are","page_number":8,"box":{"x":53,"y":932,"width":344,"height":9}},{"id":"28a65fa3-ac1f-4f56-88c3-66007559abdb","block_type":"box","text":"those of their respective owners.","page_number":8,"box":{"x":52,"y":945,"width":203,"height":9}},{"id":"fb7c09cd-4eef-427f-bd3c-ec205af98fe7","block_type":"box","text":"Investment Company Act","page_number":8,"box":{"x":786,"y":920,"width":158,"height":10}},{"id":"ebd7f198-a794-416c-be40-9b771b94daab","block_type":"box","text":"file No.: 811-09729","page_number":8,"box":{"x":821,"y":932,"width":122,"height":8}},{"id":"cf1b3ee0-a9a1-46c2-9703-2a4417ada6d1","block_type":"box","text":"IS-SP-MSML-1026","page_number":8,"box":{"x":822,"y":945,"width":121,"height":7}}],"unit":"per_mille","page_width":594,"page_height":774,"attributes":{"chunk_type":"page_range","start_page":1,"end_page":8}},"source":{"type":"Model","id":"github:dorsalhub/pdf-extractor","version":"0.5.0","execution_id":"4c002b2f-6305-48f1-9f44-af30cc61cbef"},"user_id":1000002,"date_created":"2026-10-05T12:17:05.284000Z","date_modified":"2026-10-05T12:17:05.284000Z","private":false}