0000930667 2025-08-31 2025-08-31 0000930667 isi:S000049021Member 2025-08-31 2025-08-31 false 497 0000930667 2025-12-30 N-1A 2025-08-31 <div style="margin-top:0pt;margin-bottom:0pt;font-size:24pt;font-family:arial;font-weight:bold;text-align:center;">iShares<sup style="font-size:75%;vertical-align:top">®</sup> </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares, Inc. </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated July 15, 2026 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">to the currently effective Summary Prospectus, Prospectus, and </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Statement of Additional Information (the “SAI”) </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">for the iShares Emerging Markets Equity Factor ETF (EMGF) (the “Fund”) </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">The Fund is updating its investment policy to indicate that it intends to be “diversified,” as defined under the Investment Company Act of 1940, as amended (the “1940 Act”), in approximately the same proportion as its Underlying Index is diversified. Shareholder approval will not be sought if the Fund crosses from diversified to non‑diversified status due solely to a change in the relative market capitalization or index weighting of the constituents of its Underlying Index. </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">Accordingly, the following changes are effective immediately: </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border-spacing:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;"> </td> <td style="width:4%;vertical-align:top;text-align:left;">1.</td> <td style="font-size:8pt;width:1%;vertical-align:top;"> </td> <td style="vertical-align:top;text-align:left;">The following is added after the Industry Concentration Policy at the end of the section entitled “Principal Investment Strategies” of the Summary Prospectus and Prospectus of the Fund: </td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:9%;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Diversification Policy. </span>The Fund intends to be diversified in approximately the same proportion as the Underlying Index is diversified and to invest all or substantially all of its assets in components of the Underlying Index in approximately the same proportion as each component’s weighting in the Underlying Index. This diversification policy may limit the Fund’s ability to use representative sampling. The Fund may become “non‑diversified,” as defined in the 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more components of the Underlying Index. Shareholder approval will not be sought if the Fund becomes “non‑diversified” due solely to a change in the relative market capitalization or index weighting of one or more components of the Underlying Index. The Fund discloses its portfolio holdings and weightings at <span style="text-decoration:underline">www.iShares.com</span>. </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border-spacing:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;"> </td> <td style="width:4%;vertical-align:top;text-align:left;">2.</td> <td style="font-size:8pt;width:1%;vertical-align:top;"> </td> <td style="vertical-align:top;text-align:left;">The following is added to the section entitled “Summary of Principal Risks” in the Summary Prospectus and Prospectus of the Fund: </td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:9%;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Non‑Diversification Risk.</span> To the extent the Fund is non‑diversified, the Fund may invest a large percentage of its assets in securities or other instruments representing a small number of issuers or counterparties and thus may be more susceptible to the risks associated with these particular issuers or counterparties. As a result, the Fund’s performance may depend to a greater extent on the performance of a small number of issuers or counterparties, which may lead to more volatility in the Fund’s NAV. </div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737). </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;">iShares<sup style="font-size:75%;vertical-align:top">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> <div style="margin-top:0pt;margin-bottom:0pt;font-size:24pt;font-family:arial;font-weight:bold;text-align:center;">iShares<sup style="font-size:75%;vertical-align:top">®</sup> </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares, Inc. </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated July 15, 2026 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">to the currently effective Summary Prospectus, Prospectus, and </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Statement of Additional Information (the “SAI”) </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">for the iShares Emerging Markets Equity Factor ETF (EMGF) (the “Fund”) </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">The Fund is updating its investment policy to indicate that it intends to be “diversified,” as defined under the Investment Company Act of 1940, as amended (the “1940 Act”), in approximately the same proportion as its Underlying Index is diversified. Shareholder approval will not be sought if the Fund crosses from diversified to non‑diversified status due solely to a change in the relative market capitalization or index weighting of the constituents of its Underlying Index. </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">Accordingly, the following changes are effective immediately: </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border-spacing:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;"> </td> <td style="width:4%;vertical-align:top;text-align:left;">1.</td> <td style="font-size:8pt;width:1%;vertical-align:top;"> </td> <td style="vertical-align:top;text-align:left;">The following is added after the Industry Concentration Policy at the end of the section entitled “Principal Investment Strategies” of the Summary Prospectus and Prospectus of the Fund: </td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:9%;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Diversification Policy. </span>The Fund intends to be diversified in approximately the same proportion as the Underlying Index is diversified and to invest all or substantially all of its assets in components of the Underlying Index in approximately the same proportion as each component’s weighting in the Underlying Index. This diversification policy may limit the Fund’s ability to use representative sampling. The Fund may become “non‑diversified,” as defined in the 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more components of the Underlying Index. Shareholder approval will not be sought if the Fund becomes “non‑diversified” due solely to a change in the relative market capitalization or index weighting of one or more components of the Underlying Index. The Fund discloses its portfolio holdings and weightings at <span style="text-decoration:underline">www.iShares.com</span>. </div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;border-spacing:0px;width:100%"> <tr style="page-break-inside:avoid"> <td style="width:4%;"> </td> <td style="width:4%;vertical-align:top;text-align:left;">2.</td> <td style="font-size:8pt;width:1%;vertical-align:top;"> </td> <td style="vertical-align:top;text-align:left;">The following is added to the section entitled “Summary of Principal Risks” in the Summary Prospectus and Prospectus of the Fund: </td> </tr> </table><div style="margin-top:6pt;margin-bottom:0pt;margin-left:9%;font-size:10pt;font-family:arial;"><span style="font-weight:bold">Non‑Diversification Risk.</span> To the extent the Fund is non‑diversified, the Fund may invest a large percentage of its assets in securities or other instruments representing a small number of issuers or counterparties and thus may be more susceptible to the risks associated with these particular issuers or counterparties. As a result, the Fund’s performance may depend to a greater extent on the performance of a small number of issuers or counterparties, which may lead to more volatility in the Fund’s NAV. </div><div style="margin-top:12pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">If you have any questions, please call 1‑800‑iShares (1‑800‑474‑2737). </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:8pt;font-family:arial;">iShares<sup style="font-size:75%;vertical-align:top">®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates. </div> iShares, Inc.