{"annotation_id":"c099198d-4687-4fa2-a767-2165495e597a","file_hash":"ac7de7f19dcf93b77aae2a51fa1803b151d0784b0bcb52b963f02a4923798938","schema_id":"open/document-extraction","schema_version":"0.5.0","record":{"extraction_type":"boxes","producer":"pdf-extractor-v0.5.0","blocks":[{"id":"773da8e5-575e-4700-bb92-b51a0c1608a1","block_type":"box","text":"iShares Trust","page_number":1,"box":{"x":450,"y":69,"width":103,"height":10}},{"id":"c2988183-e579-456e-8573-ac665cfb493c","block_type":"box","text":"Supplement dated October 5, 2026","page_number":1,"box":{"x":367,"y":85,"width":269,"height":12}},{"id":"0d1439da-6935-4636-a593-7e3b169699fe","block_type":"box","text":"to the currently effective Summary Prospectus, Prospectus,","page_number":1,"box":{"x":273,"y":100,"width":456,"height":13}},{"id":"225310ee-a5ed-4ae0-88b1-3f1b93dff6dd","block_type":"box","text":"and Statement of Additional Information (the “SAI”)","page_number":1,"box":{"x":302,"y":116,"width":400,"height":12}},{"id":"cb778452-44a2-4aad-bd7a-0f0b05997e9e","block_type":"box","text":"for the iShares MSCI EAFE Growth ETF (EFG), iShares MSCI EAFE Value ETF (EFV), iShares MSCI USA","page_number":1,"box":{"x":123,"y":131,"width":757,"height":13}},{"id":"213ebfb2-42f5-400e-bcbe-95ee7ccae9c6","block_type":"box","text":"Momentum Factor ETF (MTUM), iShares MSCI USA Quality Factor ETF (QUAL) and iShares U.S.","page_number":1,"box":{"x":144,"y":147,"width":716,"height":12}},{"id":"bf5c4c9d-69c3-4cf2-b3ae-5705846a3d5c","block_type":"box","text":"Aerospace & Defense ETF (ITA) (each, a “Fund”)","page_number":1,"box":{"x":316,"y":162,"width":370,"height":13}},{"id":"38825fec-ca6b-47f6-b1fb-8bcb591db2af","block_type":"box","text":"The Board of Trustees of iShares Trust has authorized a forward stock split for each Fund at the ratio set","page_number":1,"box":{"x":116,"y":185,"width":760,"height":13}},{"id":"dab94983-05dc-4c45-bd84-f7a654ebeed3","block_type":"box","text":"out below. The Creation Unit size for each Fund will remain unchanged, as set out below.","page_number":1,"box":{"x":116,"y":201,"width":649,"height":13}},{"id":"b047e685-06c9-4e08-8a95-56c6026d13e4","block_type":"box","text":"Fund Name Ticker","page_number":1,"box":{"x":321,"y":228,"width":350,"height":10}},{"id":"6159418d-db02-4b7a-a804-7b2d91c754f5","block_type":"box","text":"Forward","page_number":1,"box":{"x":692,"y":222,"width":67,"height":10}},{"id":"538e06b5-7ea8-4ac4-ba8d-8487d33ec2d6","block_type":"box","text":"Split Ratio","page_number":1,"box":{"x":684,"y":235,"width":82,"height":12}},{"id":"d45ebbb3-fda6-4af9-b119-3323b1bc6cb6","block_type":"box","text":"Shares Per","page_number":1,"box":{"x":786,"y":222,"width":84,"height":10}},{"id":"8cdefe56-9a07-48ad-aa01-b6bbdf0d60eb","block_type":"box","text":"Creation Unit","page_number":1,"box":{"x":776,"y":235,"width":104,"height":9}},{"id":"f192e60c-51fb-4a5d-9b69-cd6e7d59d8e5","block_type":"box","text":"iShares MSCI EAFE Growth ETF EFG 3:1 400,000","page_number":1,"box":{"x":123,"y":255,"width":737,"height":12}},{"id":"c6fd9028-0653-47f8-ba9d-c4a2316bb849","block_type":"box","text":"iShares MSCI EAFE Value ETF EFV 2:1 400,000","page_number":1,"box":{"x":123,"y":278,"width":737,"height":12}},{"id":"9819679a-3627-4b4e-aaa5-0db0d1fb9ea1","block_type":"box","text":"iShares MSCI USA Momentum Factor ETF MTUM 4:1 50,000","page_number":1,"box":{"x":123,"y":302,"width":733,"height":11}},{"id":"3987b7c0-9750-431f-8f18-a90d3169ef97","block_type":"box","text":"iShares MSCI USA Quality Factor ETF QUAL 4:1 50,000","page_number":1,"box":{"x":123,"y":325,"width":733,"height":13}},{"id":"2c575279-b7c2-4e1d-b9ae-7c371493e1e0","block_type":"box","text":"iShares U.S. Aerospace & Defense ETF ITA 3:1 50,000","page_number":1,"box":{"x":123,"y":348,"width":733,"height":13}},{"id":"396501dc-e2d4-410a-ac7e-a0d7654f6910","block_type":"box","text":"The record date for the forward stock split will be November 3, 2026 and the stock split will be payable","page_number":1,"box":{"x":116,"y":379,"width":749,"height":13}},{"id":"0661062e-ffb8-4a8b-9bb6-28921a14e4bf","block_type":"box","text":"after the close of trading on November 4, 2026, the payable date. Shares of each Fund will begin trading","page_number":1,"box":{"x":116,"y":395,"width":758,"height":12}},{"id":"a9e21f93-1931-4da1-9519-17f35827f3e9","block_type":"box","text":"on a split-adjusted basis on November 5, 2026, the ex-date.","page_number":1,"box":{"x":116,"y":410,"width":436,"height":13}},{"id":"d4954ba5-1387-4754-8ffd-4f50b0cde55a","block_type":"box","text":"If you have any questions, please call 1-800-iShares (1-800-474-2737).","page_number":1,"box":{"x":117,"y":433,"width":521,"height":13}},{"id":"5091f674-461c-4436-a21f-2b08ce160e31","block_type":"box","text":"iShares","page_number":1,"box":{"x":117,"y":869,"width":40,"height":8}},{"id":"0199b408-2f5e-4092-a4b2-7f1554c2ed92","block_type":"box","text":"®","page_number":1,"box":{"x":158,"y":869,"width":8,"height":5}},{"id":"15186a8e-b47b-4f1a-b25f-d2e639a9ae36","block_type":"box","text":"is a registered trademark of BlackRock Fund Advisors and its affiliates.","page_number":1,"box":{"x":170,"y":869,"width":406,"height":10}},{"id":"b5debc9c-c48e-42e9-8b5c-c718f02f5219","block_type":"box","text":"IS-A-FS-1026","page_number":1,"box":{"x":805,"y":887,"width":78,"height":8}},{"id":"b3b3ed13-ea46-4a3c-b0e1-067de4598ba8","block_type":"box","text":"PLEASE RETAIN THIS SUPPLEMENT","page_number":1,"box":{"x":368,"y":911,"width":265,"height":9}},{"id":"f814a7bc-93a5-43a2-b507-86b9b5a02120","block_type":"box","text":"FOR FUTURE REFERENCE","page_number":1,"box":{"x":407,"y":926,"width":186,"height":10}},{"id":"f438ab03-3186-41ba-b26a-77af3c07a18a","block_type":"box","text":"[THIS PAGE INTENTIONALLY LEFT BLANK]","page_number":2,"box":{"x":390,"y":309,"width":268,"height":11}},{"id":"78882551-a6d7-481b-99ec-ea13eac7791c","block_type":"box","text":"[THIS PAGE INTENTIONALLY LEFT BLANK]","page_number":3,"box":{"x":390,"y":309,"width":268,"height":11}},{"id":"e30aab0f-4c35-400c-b965-d51889fd4193","block_type":"box","text":"[THIS PAGE INTENTIONALLY LEFT BLANK]","page_number":4,"box":{"x":390,"y":309,"width":268,"height":11}},{"id":"8d8ee668-d68f-48cb-89f8-21f059e54567","block_type":"box","text":"iShares","page_number":5,"box":{"x":423,"y":71,"width":128,"height":24}},{"id":"34decf49-628f-47db-b8a9-023abe4853f7","block_type":"box","text":"®","page_number":5,"box":{"x":554,"y":70,"width":23,"height":17}},{"id":"f6d91dbe-4a3a-4054-91bf-3cea8c99c96a","block_type":"box","text":"iShares Trust","page_number":5,"box":{"x":450,"y":107,"width":103,"height":10}},{"id":"0ad99c5f-d8c4-4ef4-9b04-ceaa7f96fb53","block_type":"box","text":"Supplement dated March 18, 2026","page_number":5,"box":{"x":369,"y":121,"width":265,"height":12}},{"id":"ffa6eb0b-79da-4a99-bfe4-ad5f1f7b7764","block_type":"box","text":"to the currently effective Summary Prospectus,","page_number":5,"box":{"x":320,"y":135,"width":362,"height":13}},{"id":"b661da31-fc02-446f-b152-fd37fffb0649","block_type":"box","text":"Prospectus, and Statement of Additional Information (the “SAI”)","page_number":5,"box":{"x":256,"y":149,"width":492,"height":13}},{"id":"3d18b467-1858-49d2-ace3-ff69035d248f","block_type":"box","text":"for the iShares MSCI USA Quality Factor ETF (QUAL) (the “Fund”)","page_number":5,"box":{"x":252,"y":163,"width":498,"height":13}},{"id":"5327f803-68d2-4dbd-a0bb-bdbb201b8ea2","block_type":"box","text":"The Fund is updating its investment policy to indicate that it intends to be “diversified,” as defined under","page_number":5,"box":{"x":116,"y":185,"width":761,"height":13}},{"id":"80c20bc3-2ef5-4005-883a-86e3be8f9ff2","block_type":"box","text":"the Investment Company Act of 1940, as amended (the “1940 Act”), in approximately the same","page_number":5,"box":{"x":116,"y":199,"width":700,"height":13}},{"id":"50ef1062-6020-4d4e-a35c-ba169fad9e9c","block_type":"box","text":"proportion as its Underlying Index is diversified. Shareholder approval will not be sought if the Fund","page_number":5,"box":{"x":116,"y":214,"width":724,"height":12}},{"id":"02ec1005-70fa-4d2a-b128-db9dc1647ca4","block_type":"box","text":"crosses from diversified to non-diversified status due solely to a change in the relative market","page_number":5,"box":{"x":116,"y":228,"width":681,"height":13}},{"id":"bf174822-5485-4751-9b49-6c10f718e415","block_type":"box","text":"capitalization or index weighting of the constituents of its Underlying Index.","page_number":5,"box":{"x":116,"y":242,"width":552,"height":13}},{"id":"999d90a9-44fe-4d67-b4b9-1de15983a52b","block_type":"box","text":"Accordingly, the following changes are effective on March 31, 2026:","page_number":5,"box":{"x":116,"y":264,"width":499,"height":13}},{"id":"b9a1017b-a48c-4f52-bdbe-4c5a6cbc419c","block_type":"box","text":"1. The following is added after the Industry Concentration Policy at the end of the section entitled","page_number":5,"box":{"x":118,"y":286,"width":720,"height":13}},{"id":"d1fb190c-cca9-44eb-9527-4d21dbd1e8b8","block_type":"box","text":"“Principal Investment Strategies” of the Summary Prospectus and Prospectus of the Fund:","page_number":5,"box":{"x":150,"y":300,"width":653,"height":13}},{"id":"333f2f30-c903-4ac6-9ed7-09fe5f99b3d7","block_type":"box","text":"Diversification Policy.","page_number":5,"box":{"x":151,"y":322,"width":168,"height":13}},{"id":"8845b887-d80b-47e5-b029-b8bf9f99b1eb","block_type":"box","text":"The Fund intends to be diversified in approximately the same proportion as","page_number":5,"box":{"x":319,"y":322,"width":545,"height":13}},{"id":"c9a10533-8990-476c-bd2d-f564a4142ed2","block_type":"box","text":"the Underlying Index is diversified. The Fund may become “non-diversified,” as defined under the","page_number":5,"box":{"x":149,"y":336,"width":704,"height":13}},{"id":"fc0dc9b9-adfb-4ee4-ad99-b9376ffb4626","block_type":"box","text":"1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or","page_number":5,"box":{"x":151,"y":350,"width":721,"height":13}},{"id":"7e1163c5-2f6d-4790-a9ea-70bca2c621fd","block_type":"box","text":"more constituents of the Underlying Index. Shareholder approval will not be sought if the Fund","page_number":5,"box":{"x":151,"y":365,"width":684,"height":12}},{"id":"0f4b127a-2445-4632-ac3c-1a4ec68327ae","block_type":"box","text":"becomes “non-diversified” due solely to a change in the relative market capitalization or index","page_number":5,"box":{"x":151,"y":379,"width":680,"height":13}},{"id":"971a9944-c1ab-4811-af82-255312102b31","block_type":"box","text":"weighting of one or more constituents of the Underlying Index. The Fund discloses its portfolio","page_number":5,"box":{"x":149,"y":393,"width":687,"height":13}},{"id":"d46295df-52af-4494-9064-ba53a78c8eeb","block_type":"box","text":"holdings and weightings at www.iShares.com.","page_number":5,"box":{"x":151,"y":407,"width":334,"height":13}},{"id":"03a88553-c07b-4840-864b-eacbee01da50","block_type":"box","text":"2. The following is added to the section entitled “Summary of Principal Risks” in the Summary","page_number":5,"box":{"x":117,"y":429,"width":696,"height":13}},{"id":"b87a4016-cd23-4534-b6aa-cad78ea78801","block_type":"box","text":"Prospectus and Prospectus of the Fund:","page_number":5,"box":{"x":151,"y":443,"width":287,"height":13}},{"id":"543e5d16-c8e0-45a2-9199-f48afab66bdb","block_type":"box","text":"Non-Diversification Risk.","page_number":5,"box":{"x":151,"y":465,"width":180,"height":10}},{"id":"55b449b4-932e-4a23-a10b-90f1eaa7b167","block_type":"box","text":"To the extent the Fund is non-diversified, the Fund may invest a large","page_number":5,"box":{"x":331,"y":465,"width":483,"height":13}},{"id":"ff5d7690-a421-4c53-a24c-d41c6d33d96d","block_type":"box","text":"percentage of its assets in securities or other inst","page_number":5,"box":{"x":150,"y":480,"width":337,"height":12}},{"id":"d2dd943f-a2b5-4fac-a23e-25662ec7d165","block_type":"box","text":"ruments representing a small number of issuers or","page_number":5,"box":{"x":488,"y":480,"width":349,"height":12}},{"id":"95a608cd-c8a7-43fe-afe7-895c28c72d41","block_type":"box","text":"counterparties and thus may be more susceptible to","page_number":5,"box":{"x":150,"y":494,"width":361,"height":12}},{"id":"1b36617e-fa19-443a-85b1-995a7182e5bd","block_type":"box","text":"the risks associated with these particular issuers or","page_number":5,"box":{"x":512,"y":494,"width":355,"height":12}},{"id":"06b0e93d-def4-4208-aac3-0861d8d6ac15","block_type":"box","text":"counterparties. As a result, the Fund’s performance may depend to a greater extent on the performance","page_number":5,"box":{"x":150,"y":508,"width":719,"height":13}},{"id":"8520576f-d1e1-4b27-b6d7-e8cce41a6f98","block_type":"box","text":"of a small number of issuers or counterparties, which may lead to more volatility in the Fund’s NAV.","page_number":5,"box":{"x":150,"y":522,"width":688,"height":13}},{"id":"5fbb2e0d-e43e-4ff9-8e31-066b5e61baca","block_type":"box","text":"3. In the table under the section entitled “Additional Info","page_number":5,"box":{"x":116,"y":544,"width":405,"height":10}},{"id":"e71208d7-7e39-4e8d-bfbe-8fd1813aca06","block_type":"box","text":"rmation About the Funds’ Risks” in the Prospectus","page_number":5,"box":{"x":522,"y":544,"width":349,"height":13}},{"id":"5cd053c7-d2d8-4b93-be94-1e851d0bcac9","block_type":"box","text":"of the Fund, Non-Diversification Risk is added as a row and checked as a Principal Risk of the Fund.","page_number":5,"box":{"x":150,"y":558,"width":684,"height":13}},{"id":"0c3d5746-aff2-425c-b83c-fe7284775e30","block_type":"box","text":"4. The following is added after Momentum Securities Risk in the section entitled “Additional","page_number":5,"box":{"x":116,"y":580,"width":681,"height":13}},{"id":"27a87d82-3dde-4900-ab43-4791fddfe44b","block_type":"box","text":"Information About the Funds’ Risks” in the Prospectus of the Fund:","page_number":5,"box":{"x":151,"y":594,"width":484,"height":13}},{"id":"8c35e763-7440-493b-9cd4-8a3fda40c415","block_type":"box","text":"Non-Diversification Risk.","page_number":5,"box":{"x":151,"y":616,"width":188,"height":10}},{"id":"f766738d-4785-4f49-bbd4-6dc076ea7094","block_type":"box","text":"A Fund that is classified as “non-diversified” may invest a greater","page_number":5,"box":{"x":340,"y":616,"width":475,"height":13}},{"id":"0bf9753f-c3ce-4c3b-8f12-8332a7210cb0","block_type":"box","text":"percentage of its assets in securities or other instruments representing a small number of issuers or","page_number":5,"box":{"x":150,"y":630,"width":721,"height":13}},{"id":"68c9ea65-ad64-4d4e-a05a-76b60b2bb97d","block_type":"box","text":"counterparties, compared with funds that are classified as “diversified.” A non-diversified Fund thus","page_number":5,"box":{"x":150,"y":645,"width":722,"height":12}},{"id":"25419a56-e26b-43bd-8d57-77afbf5a19e6","block_type":"box","text":"may be more susceptible to the risks associated with these particular issuers or counterparties. The","page_number":5,"box":{"x":151,"y":659,"width":718,"height":13}},{"id":"bca733e9-0917-4755-a0de-5b46f2ff6633","block_type":"box","text":"gains and losses on such holdings may have a greater impact on a non-diversified Fund’s","page_number":5,"box":{"x":150,"y":673,"width":646,"height":13}},{"id":"95c5471d-9ffc-46a6-9bbc-6d36b16b0158","block_type":"box","text":"performance than they would on the performance of a diversified Fund, and a non-diversified Fund’s","page_number":5,"box":{"x":150,"y":687,"width":729,"height":13}},{"id":"334db572-08dd-4282-8bd4-343e36dcbe46","block_type":"box","text":"NAV may be more volatile.","page_number":5,"box":{"x":151,"y":702,"width":191,"height":12}},{"id":"6e344005-df90-442e-a507-3aa70f7d99e9","block_type":"box","text":"5. The following is added as the new last sentence of the first paragraph following the diversification","page_number":5,"box":{"x":116,"y":723,"width":743,"height":13}},{"id":"1bf26690-2969-4ac4-86d6-192edcff5390","block_type":"box","text":"status table of the section entitled “Diversification Status” of the SAI of the Fund:","page_number":5,"box":{"x":150,"y":738,"width":584,"height":10}},{"id":"2843e8f1-c80d-4355-9516-2d2c886bf5d7","block_type":"box","text":"Š","page_number":5,"box":{"x":163,"y":762,"width":9,"height":6}},{"id":"2aa139be-9d6b-45f5-b443-af86f5a18dff","block_type":"box","text":"However, while the iShares MSCI USA Quality Factor ETF is classified as “diversified,” under","page_number":5,"box":{"x":184,"y":760,"width":661,"height":12}},{"id":"d56f35d3-8a0f-438e-9cff-6d10d195fbc1","block_type":"box","text":"applicable no-action relief from the SEC staff, the Fund may become non-diversified, as defined","page_number":5,"box":{"x":184,"y":774,"width":689,"height":12}},{"id":"249daabc-c2b3-4ea3-86f8-3a723b102bd0","block_type":"box","text":"under the 1940 Act, solely as a result of a change in relative market capitalization or index","page_number":5,"box":{"x":184,"y":788,"width":650,"height":13}},{"id":"03145350-294d-4ec8-a1bb-ef5fd489d1a5","block_type":"box","text":"weighting of one or more constituents of its Underlying Index, and such a change does not","page_number":5,"box":{"x":183,"y":802,"width":659,"height":13}},{"id":"8526842b-3bb5-44b5-be27-bc24a83a7766","block_type":"box","text":"require shareholder approval.","page_number":5,"box":{"x":184,"y":816,"width":211,"height":13}},{"id":"74d0a1ed-f8e5-4ac0-bff6-c626f02afa45","block_type":"box","text":"If you have any questions, please call 1-800-iShares (1-800-474-2737).","page_number":5,"box":{"x":117,"y":838,"width":521,"height":13}},{"id":"830e8936-e8f5-4bd7-9c74-6f3d85823449","block_type":"box","text":"iShares","page_number":5,"box":{"x":117,"y":869,"width":40,"height":8}},{"id":"eeb5a2c4-eb9a-4322-81ec-ec322ff3434b","block_type":"box","text":"®","page_number":5,"box":{"x":158,"y":869,"width":8,"height":5}},{"id":"f7aa46ba-3af5-4eab-b2ed-084008a430a8","block_type":"box","text":"is a registered trademark of BlackRock Fund Advisors and its affiliates.","page_number":5,"box":{"x":170,"y":869,"width":406,"height":10}},{"id":"add0968d-7e01-435f-ab0d-6517037c4421","block_type":"box","text":"IS-A-QUAL-0326","page_number":5,"box":{"x":785,"y":887,"width":98,"height":9}},{"id":"f4cb2b80-b878-4972-bc48-36ad3656be9b","block_type":"box","text":"PLEASE RETAIN THIS SUPPLEMENT","page_number":5,"box":{"x":368,"y":911,"width":265,"height":9}},{"id":"8cfbd803-9a7d-4d1b-bb33-e84a36f135bd","block_type":"box","text":"FOR FUTURE REFERENCE","page_number":5,"box":{"x":407,"y":926,"width":186,"height":10}},{"id":"ef130bcc-094b-41e0-ba97-0e0371d7095c","block_type":"box","text":"[THIS PAGE INTENTIONALLY LEFT BLANK]","page_number":6,"box":{"x":390,"y":309,"width":268,"height":11}},{"id":"233d0343-1a2c-4871-9eb9-1b9665914bd5","block_type":"box","text":"NOVEMBER 28, 2025","page_number":7,"box":{"x":706,"y":60,"width":212,"height":14}},{"id":"c75c4887-2dab-43a0-a146-1a7d405bce13","block_type":"box","text":"Summary Prospectus","page_number":7,"box":{"x":112,"y":175,"width":501,"height":33}},{"id":"3223f0f8-d45a-4e9c-b1f3-f2c6dd8b3a66","block_type":"box","text":"•","page_number":7,"box":{"x":81,"y":256,"width":6,"height":5}},{"id":"03663a9b-374b-4f2d-b3f3-6390438809fd","block_type":"box","text":"iShares MSCI USA Quality Factor ETF","page_number":7,"box":{"x":102,"y":253,"width":294,"height":12}},{"id":"e6e221f4-09f1-4ba1-9e5d-099f9a4dc4d4","block_type":"box","text":"|","page_number":7,"box":{"x":406,"y":253,"width":1,"height":12}},{"id":"4c4739e2-5684-4e70-9d69-5ec02b637f80","block_type":"box","text":"QUAL","page_number":7,"box":{"x":418,"y":253,"width":45,"height":10}},{"id":"5d016c8f-ed5f-4ff0-86af-ef75e14d35f8","block_type":"box","text":"|","page_number":7,"box":{"x":473,"y":253,"width":1,"height":12}},{"id":"c8ec3381-589d-4159-98ae-e002c8fb47e9","block_type":"box","text":"Cboe BZX","page_number":7,"box":{"x":485,"y":253,"width":76,"height":9}},{"id":"f0397b19-5f89-4657-9351-47bca0e8b74e","block_type":"box","text":"Before you invest, you may want to review the Fund’s prospectus, which contains more information about","page_number":7,"box":{"x":81,"y":299,"width":812,"height":12}},{"id":"0a7f9e87-eccf-45c1-9a14-9a03513c7fe6","block_type":"box","text":"the Fund and its risks. You can find the Fund’s prospectus (including amendments and supplements) and","page_number":7,"box":{"x":81,"y":315,"width":815,"height":12}},{"id":"6f4ac726-3360-4edb-8833-14dd0ed5d24d","block_type":"box","text":"other information about the Fund, including the Fund’s statement of additional information and","page_number":7,"box":{"x":81,"y":330,"width":741,"height":12}},{"id":"33e46c3b-6191-4de9-a794-02557fb2a48d","block_type":"box","text":"shareholder reports, online at https://www.blackrock.com/prospectus. You can also get this information at","page_number":7,"box":{"x":81,"y":346,"width":823,"height":12}},{"id":"b907660c-7b40-44d4-995f-e9923394dba9","block_type":"box","text":"no cost by calling 1-800-iShares (1-800-474-2737) or by sending an e-mail request to","page_number":7,"box":{"x":81,"y":361,"width":673,"height":12}},{"id":"83d90559-9d2e-426c-a4d1-18dc0d64ae02","block_type":"box","text":"iSharesETFs@blackrock.com, or from your financial professional. The Fund’s prospectus and statement of","page_number":7,"box":{"x":81,"y":377,"width":818,"height":12}},{"id":"651878c6-d17a-4f7a-8be5-106d729dff13","block_type":"box","text":"additional information, both dated November 28, 2025, as amended and supplemented from time to time,","page_number":7,"box":{"x":81,"y":392,"width":819,"height":12}},{"id":"48dbdb00-1be1-4b6b-8803-9721eaafc147","block_type":"box","text":"are incorporated by reference into (legally made a part of) this Summary Prospectus. Information on the","page_number":7,"box":{"x":81,"y":408,"width":803,"height":12}},{"id":"b5b2700b-594d-4fe1-9df4-239646be38df","block_type":"box","text":"Fund’s net asset value, market price, premiums and discounts, and bid-ask spreads can be found at","page_number":7,"box":{"x":81,"y":423,"width":768,"height":12}},{"id":"f805a70c-a835-4ca1-8368-7be5e65f44d0","block_type":"box","text":"https://www.iShares.com.","page_number":7,"box":{"x":81,"y":439,"width":200,"height":11}},{"id":"88213795-2088-4604-a013-a156ccf5f71c","block_type":"box","text":"The Securities and Exchange Commission has not approved or disapproved these securities or passed upon","page_number":7,"box":{"x":81,"y":891,"width":836,"height":12}},{"id":"7d676de9-8792-4af4-bdf2-a6b388731f22","block_type":"box","text":"the adequacy of this prospectus. Any representation to the contrary is a criminal offense.","page_number":7,"box":{"x":81,"y":907,"width":696,"height":12}},{"id":"fcfdfb0c-7df2-4c23-9732-6dd5cbb3e12f","block_type":"box","text":"iSHARES","page_number":8,"box":{"x":205,"y":47,"width":119,"height":16}},{"id":"f75bb66e-bbca-4b53-8981-d29955ddc4e6","block_type":"box","text":"®","page_number":8,"box":{"x":327,"y":40,"width":11,"height":9}},{"id":"0ce531ce-a0fc-4ab8-ac1e-ddd883583369","block_type":"box","text":"MSCI USA QUALITY FACTOR ETF","page_number":8,"box":{"x":349,"y":47,"width":443,"height":17}},{"id":"f961ad2c-ccbe-4852-95fe-f900946a8f21","block_type":"box","text":"Ticker: QUAL Stock Exchange: Cboe BZX","page_number":8,"box":{"x":253,"y":76,"width":486,"height":12}},{"id":"e291636f-af00-444e-9288-420cad414ede","block_type":"box","text":"Investment Objective","page_number":8,"box":{"x":53,"y":114,"width":182,"height":13}},{"id":"de3b1cdb-b52b-4bda-9f84-5036e126c8ed","block_type":"box","text":"The iShares MSCI USA Quality Factor ETF (the “Fund”) seeks to track the investment results of an index composed of U.S. large- and mid","page_number":8,"box":{"x":52,"y":139,"width":883,"height":11}},{"id":"f4930388-f8f3-4e6a-9937-5d3b39050252","block_type":"box","text":"capitalization stocks with quality characteristics as identified through certain fundamental metrics.","page_number":8,"box":{"x":53,"y":153,"width":631,"height":11}},{"id":"45e2b6c6-5727-4714-88a7-93f77954e054","block_type":"box","text":"Fees and Expenses","page_number":8,"box":{"x":53,"y":183,"width":161,"height":13}},{"id":"65112e13-33f2-450e-9b39-cd38900e56bb","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. 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Operational and technology risks for the","page_number":10,"box":{"x":518,"y":296,"width":411,"height":11}},{"id":"a6131468-846b-4867-867d-5f699d64ba9c","block_type":"box","text":"issuers in which the Fund invests could also result in material","page_number":10,"box":{"x":519,"y":311,"width":391,"height":8}},{"id":"3b390821-a7e3-4578-a105-1996bf056c80","block_type":"box","text":"adverse consequences for such issuers and may cause the Fund’s","page_number":10,"box":{"x":519,"y":325,"width":421,"height":11}},{"id":"204e00f3-896d-4fe5-a97c-fac60dc6e32f","block_type":"box","text":"investments in such issuers to lose value.","page_number":10,"box":{"x":519,"y":339,"width":264,"height":8}},{"id":"53c01837-fc24-47ec-ad57-8e859bc1b6c7","block_type":"box","text":"Securities Lending Risk.","page_number":10,"box":{"x":518,"y":362,"width":162,"height":11}},{"id":"c45a6874-6b3d-4333-840a-4b19aa9eb287","block_type":"box","text":"The Fund may engage in securities","page_number":10,"box":{"x":685,"y":362,"width":221,"height":11}},{"id":"5198c90c-f03b-4ca2-a5b5-b852029a8f5d","block_type":"box","text":"lending. 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The Fund could","page_number":10,"box":{"x":519,"y":405,"width":408,"height":11}},{"id":"e07aa51c-ade2-4a29-8ef6-defa47e87c95","block_type":"box","text":"also lose money in the event of a decline in the value of collateral","page_number":10,"box":{"x":519,"y":419,"width":416,"height":11}},{"id":"8c9caf52-fcee-43e5-9b90-7f1f754de7f4","block_type":"box","text":"provided for loaned securities or a decline in the value of any","page_number":10,"box":{"x":519,"y":433,"width":389,"height":11}},{"id":"37d8a57e-717f-4076-aaab-6537344bada5","block_type":"box","text":"investments made with cash collateral. 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These companies typically face intense","page_number":10,"box":{"x":519,"y":527,"width":348,"height":11}},{"id":"427afc91-039d-4ed9-a468-14b262fb4160","block_type":"box","text":"competition, potentially rapid product obsolescence and changes","page_number":10,"box":{"x":519,"y":541,"width":418,"height":11}},{"id":"d135040b-9a62-4991-9665-b01121bd42cf","block_type":"box","text":"in product cycles and customer preferences. They may face","page_number":10,"box":{"x":519,"y":556,"width":381,"height":10}},{"id":"a8fb2109-64dd-4267-9d3d-e6f89f8d5d21","block_type":"box","text":"unexpected risks and costs associated with technological","page_number":10,"box":{"x":519,"y":570,"width":367,"height":11}},{"id":"2cf3cc11-3d5a-4ce2-b2ee-7bf1496e06a4","block_type":"box","text":"developments, such as artificial intelligence and machine learning.","page_number":10,"box":{"x":519,"y":584,"width":423,"height":11}},{"id":"db657a59-4c90-4d86-adba-8255cebb0baa","block_type":"box","text":"Technology companies also depend heavily on intellectual","page_number":10,"box":{"x":518,"y":598,"width":369,"height":11}},{"id":"313b1069-fdb3-4767-a4fa-572641d7f681","block_type":"box","text":"property rights and may be adversely affected by the loss or","page_number":10,"box":{"x":519,"y":612,"width":384,"height":11}},{"id":"f5016a78-14c3-4cfd-b0ce-689baed5c035","block_type":"box","text":"impairment of those rights. Technology companies may face","page_number":10,"box":{"x":519,"y":626,"width":384,"height":11}},{"id":"ee7883d1-71e9-4981-baeb-b281ebbac8da","block_type":"box","text":"increased government scrutiny and may be subject to adverse","page_number":10,"box":{"x":519,"y":641,"width":397,"height":11}},{"id":"60df8837-4bbc-45eb-889a-3b5ac9e7201e","block_type":"box","text":"government or legal action.","page_number":10,"box":{"x":518,"y":655,"width":175,"height":11}},{"id":"03951676-fd8e-4107-9c3a-35d1c747ac54","block_type":"box","text":"Tracking Error Risk","page_number":10,"box":{"x":519,"y":678,"width":129,"height":11}},{"id":"97fc1a00-16df-4804-b31b-e839d127240c","block_type":"box","text":".","page_number":10,"box":{"x":648,"y":685,"width":2,"height":1}},{"id":"43f96321-2247-41ad-b176-149de7895381","block_type":"box","text":"The Fund may be subject to “tracking error,”","page_number":10,"box":{"x":655,"y":678,"width":284,"height":11}},{"id":"39ae9c74-d8ad-41bf-bbcd-59ad79d2fcf4","block_type":"box","text":"which is the divergence of the Fund’s performance from that of","page_number":10,"box":{"x":518,"y":692,"width":404,"height":11}},{"id":"300c0e3a-cc3f-40d8-8100-7a34616e5f9a","block_type":"box","text":"the Underlying Index. Tracking error may occur due to a number of","page_number":10,"box":{"x":518,"y":706,"width":426,"height":11}},{"id":"5ee88f85-3f1c-46b4-8f3a-cf0fe1eccb61","block_type":"box","text":"factors, including differences between the securities and other","page_number":10,"box":{"x":518,"y":721,"width":402,"height":10}},{"id":"04cb0cd8-e0d7-4782-bfc8-7a0fd393ecea","block_type":"box","text":"assets held in the Fund’s portfolio and those included in the","page_number":10,"box":{"x":519,"y":735,"width":381,"height":11}},{"id":"5731d74a-9585-4b98-90dc-f7f8de1f3cca","block_type":"box","text":"Underlying Index; differences in the timing and methodologies","page_number":10,"box":{"x":519,"y":749,"width":396,"height":11}},{"id":"e4fde287-fa40-4e9f-953e-2e69ae10db8c","block_type":"box","text":"used to value securities and other assets; transaction costs and","page_number":10,"box":{"x":519,"y":763,"width":407,"height":10}},{"id":"1a852494-924e-446c-a14d-b0c55f82394c","block_type":"box","text":"other expenses incurred by the Fund that the Underlying Index","page_number":10,"box":{"x":519,"y":777,"width":400,"height":11}},{"id":"e035c3c3-08ba-41c9-a928-3e040e2a26bb","block_type":"box","text":"does not incur; the Fund’s holding of uninvested cash; differences","page_number":10,"box":{"x":519,"y":791,"width":420,"height":11}},{"id":"e54ea91e-36a7-43b1-aa27-d1e6ae0e3875","block_type":"box","text":"in the timing of the accrual or the valuation of dividends or","page_number":10,"box":{"x":519,"y":806,"width":373,"height":11}},{"id":"12675885-6d3c-4e78-96ba-38a53beba06b","block_type":"box","text":"interest received by the Fund or distributions paid to Fund","page_number":10,"box":{"x":519,"y":820,"width":370,"height":11}},{"id":"c021470c-aafc-47f2-b137-47fa6e867125","block_type":"box","text":"shareholders; tax gains or losses; differences between the","page_number":10,"box":{"x":519,"y":834,"width":372,"height":11}},{"id":"767da682-ec37-46cc-aa25-67c8aaa1b0dd","block_type":"box","text":"amount and/or timing of withholding taxes on dividends reflected","page_number":10,"box":{"x":519,"y":848,"width":420,"height":11}},{"id":"012c8235-a6d6-47fb-9e59-2b073560bdcc","block_type":"box","text":"in the Underlying Index from the Fund’s obligation, if any, for","page_number":10,"box":{"x":519,"y":862,"width":386,"height":11}},{"id":"eef71612-95b8-498e-90f9-b5bab11c6586","block_type":"box","text":"foreign withholding taxes; the requirements for the Fund to","page_number":10,"box":{"x":518,"y":877,"width":378,"height":10}},{"id":"5c2a34bc-0700-4945-a9d4-1299d9e5c004","block_type":"box","text":"maintain pass-through tax treatment; portfolio transactions","page_number":10,"box":{"x":519,"y":891,"width":380,"height":11}},{"id":"f6c255d6-5bb9-4d2c-bbad-3efb0730f360","block_type":"box","text":"S-3","page_number":10,"box":{"x":495,"y":944,"width":20,"height":8}},{"id":"afd93ea5-03d4-4322-bc76-7d5830dd9e22","block_type":"box","text":"carried out to minimize the distribution of capital gains to","page_number":11,"box":{"x":53,"y":46,"width":366,"height":11}},{"id":"6a6bb0e1-95f0-4284-a526-13865efa0013","block_type":"box","text":"shareholders; the acceptance of custom baskets; changes to the","page_number":11,"box":{"x":53,"y":61,"width":414,"height":10}},{"id":"d9c9941f-6fc4-4231-95a0-e7912c28da4f","block_type":"box","text":"Underlying Index; and impacts to the Fund of complying with","page_number":11,"box":{"x":53,"y":75,"width":386,"height":11}},{"id":"c51e0e6e-31d2-4fd7-8e90-e6ecfda7e1f2","block_type":"box","text":"certain regulatory requirements or limits. Tracking error risk may","page_number":11,"box":{"x":53,"y":89,"width":413,"height":11}},{"id":"2d3e9c95-a2af-4a96-826d-7c7cefb2436c","block_type":"box","text":"be heightened during times of increased market volatility or other","page_number":11,"box":{"x":519,"y":46,"width":419,"height":11}},{"id":"822bc184-2e07-4d8b-aa70-ca4c34bc2c48","block_type":"box","text":"unusual market conditions.","page_number":11,"box":{"x":519,"y":61,"width":172,"height":8}},{"id":"c2733a12-ff49-4807-9a89-0f4fb26d05d9","block_type":"box","text":"S-4","page_number":11,"box":{"x":495,"y":944,"width":21,"height":8}},{"id":"ff2fe932-c97a-4dc9-a631-dae87e45803e","block_type":"box","text":"Performance Information","page_number":12,"box":{"x":53,"y":46,"width":214,"height":10}},{"id":"0e908cbe-c91a-4bb1-8346-2cc444086a60","block_type":"box","text":"The performance information below illustrates how the Fund’s performance has varied over different periods and provides some indication","page_number":12,"box":{"x":52,"y":71,"width":886,"height":11}},{"id":"95ab6dc8-b984-4993-8288-98a2e15684fa","block_type":"box","text":"of the risks of investing in the Fund. The bar chart shows how the performance of the Fund has varied from one calendar year to another","page_number":12,"box":{"x":53,"y":85,"width":872,"height":11}},{"id":"bec1f5f1-76fe-4802-848e-36377b3e8b90","block_type":"box","text":"over the periods shown. The table compares the Fund’s performance to that of an appropriate broad-based securities market index and","page_number":12,"box":{"x":53,"y":99,"width":866,"height":11}},{"id":"9b391263-d74f-40b8-8b57-c40036f9c1ed","block_type":"box","text":"the Underlying Index. Returns assume the reinvestment of any dividends and distributions. The Fund’s returns reflect the impact of any","page_number":12,"box":{"x":52,"y":113,"width":864,"height":11}},{"id":"5bf7cad6-550e-40c0-9e2e-a75660ff5125","block_type":"box","text":"agreements to waive or reimburse expenses, which would reduce performance if not in effect. 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These","page_number":13,"box":{"x":519,"y":269,"width":420,"height":11}},{"id":"eb4ed5f1-ea2c-4b3f-88d1-9d1f0c9f6b3f","block_type":"box","text":"payments may create a conflict of interest by influencing the","page_number":13,"box":{"x":519,"y":284,"width":387,"height":10}},{"id":"ac26fb08-5c13-40a1-bedd-14cba1801663","block_type":"box","text":"broker-dealer or other intermediary and your salesperson to","page_number":13,"box":{"x":519,"y":298,"width":383,"height":11}},{"id":"1d641e64-3ae8-4218-af5c-428da73ddd76","block_type":"box","text":"recommend the Fund over another investment. 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