iShares®

iShares Trust

Supplement dated June 11, 2026 to the currently effective

Statement of Additional Information (the “SAI”)

for the Funds listed in Appendix A (each, a “Fund” and collectively, the “Funds”)

Morningstar, Inc. (the “Index Provider”) has made certain changes to the methodology for the indexes that are tracked by the Funds with respect to float eligibility.

Effective immediately, the following is added to “The Morningstar Indexes” section of the SAI for each Fund:

Float Eligibility. A security must have a minimum 10% free float to be eligible for the Morningstar Target Market Exposure, Morningstar US Market Extended, and Morningstar Global Markets indexes. However, if a security does not meet the 10% minimum, it will still be eligible for inclusion if its float-adjusted market capitalization is at least twice the total market capitalization corresponding to the the breakpoint between the mid-capitalization and small-capitalization size segments for its economic region, as determined by the Index Provider. To calculate a security’s free float value, the Index Provider estimates the number of listed shares that it deems not to be available for trading in the market, using securities reports and other publicly available documents, and then subtracts that number from the total outstanding shares of the security.

Appendix A

 

   
Fund Name    Market Ticker
   

iShares Morningstar Growth ETF

   

ILCG

   

iShares Morningstar Mid-Cap ETF

   

IMCB

   

iShares Morningstar Mid-Cap Growth ETF

   

IMCG

   

iShares Morningstar Mid-Cap Value ETF

   

IMCV

   

iShares Morningstar Small-Cap ETF

   

ISCB

   

iShares Morningstar Small-Cap Growth ETF

   

ISCG

   

iShares Morningstar Small-Cap Value ETF

   

ISCV

   

iShares Morningstar U.S. Equity ETF

   

ILCB

   

iShares Morningstar Value ETF

   

ILCV

   

iShares International Dividend Growth ETF

   

IGRO

   

iShares Core High Dividend ETF

   

HDV

   

iShares Core Dividend ETF

   

DIVB

   

iShares Core Dividend Growth ETF

   

DGRO

If you have any questions, please call 1-800-iShares (1-800-474-2737).

 

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

IS-A-IPO2-0626

 

 

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