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<div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares, Inc. and iShares Trust </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated July 17, 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, </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">and Statement of Additional Information (“SAI”) for the </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares 0‑5 Year High Yield Corporate Bond ETF (SHYG), </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">(each a “Fund” and collectively, the “Funds”) </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">Effective July 27, 2026, the names of the Underlying Indexes for the Funds will be updated as shown below. All references to the Underlying Index in the Summary Prospectus, Prospectus and SAI for each Fund will be updated accordingly. </div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;width:99%;border-spacing:0px">
<tr>
<td style="width:6%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:50%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:42%;"></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; padding-left:8pt;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"><span style="font-weight:bold">Ticker</span></td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Fund Name</span></td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Updated Index Name</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">GHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares US & Intl High Yield Corp Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx Global Developed Markets High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">HYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SLQD</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year Investment Grade Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">LQD</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ Investment Grade Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade Index</div> </td> </tr> </table><div style="margin-top:6pt;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:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares, Inc. and iShares Trust </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated July 17, 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, </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">and Statement of Additional Information (“SAI”) for the </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares iBoxx $ High Yield Corporate Bond ETF (HYG), </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">(each a “Fund” and collectively, the “Funds”) </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">Effective July 27, 2026, the names of the Underlying Indexes for the Funds will be updated as shown below. All references to the Underlying Index in the Summary Prospectus, Prospectus and SAI for each Fund will be updated accordingly. </div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;width:99%;border-spacing:0px">
<tr>
<td style="width:6%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:50%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:42%;"></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; padding-left:8pt;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"><span style="font-weight:bold">Ticker</span></td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Fund Name</span></td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Updated Index Name</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">GHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares US & Intl High Yield Corp Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx Global Developed Markets High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">HYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SLQD</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year Investment Grade Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">LQD</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ Investment Grade Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade Index</div> </td> </tr> </table><div style="margin-top:6pt;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:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares, Inc. and iShares Trust </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated July 17, 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, </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">and Statement of Additional Information (“SAI”) for the </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares 0‑5 Year Investment Grade Corporate Bond ETF (SLQD), and </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">(each a “Fund” and collectively, the “Funds”) </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">Effective July 27, 2026, the names of the Underlying Indexes for the Funds will be updated as shown below. All references to the Underlying Index in the Summary Prospectus, Prospectus and SAI for each Fund will be updated accordingly. </div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;width:99%;border-spacing:0px">
<tr>
<td style="width:6%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:50%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:42%;"></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; padding-left:8pt;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"><span style="font-weight:bold">Ticker</span></td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Fund Name</span></td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Updated Index Name</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">GHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares US & Intl High Yield Corp Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx Global Developed Markets High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">HYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SLQD</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year Investment Grade Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">LQD</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ Investment Grade Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade Index</div> </td> </tr> </table><div style="margin-top:6pt;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:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares, Inc. and iShares Trust </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated July 17, 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, </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">and Statement of Additional Information (“SAI”) for the </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">(each a “Fund” and collectively, the “Funds”) </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">Effective July 27, 2026, the names of the Underlying Indexes for the Funds will be updated as shown below. All references to the Underlying Index in the Summary Prospectus, Prospectus and SAI for each Fund will be updated accordingly. </div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;width:99%;border-spacing:0px">
<tr>
<td style="width:6%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:50%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:42%;"></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; padding-left:8pt;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"><span style="font-weight:bold">Ticker</span></td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Fund Name</span></td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Updated Index Name</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">GHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares US & Intl High Yield Corp Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx Global Developed Markets High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">HYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SLQD</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year Investment Grade Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">LQD</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ Investment Grade Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade Index</div> </td> </tr> </table><div style="margin-top:6pt;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:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares, Inc. and iShares Trust </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated July 17, 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, </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">and Statement of Additional Information (“SAI”) for the </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares US & Intl High Yield Corp Bond ETF (GHYG), </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares 0‑5 Year High Yield Corporate Bond ETF (SHYG), </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares iBoxx $ High Yield Corporate Bond ETF (HYG), </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares 0‑5 Year Investment Grade Corporate Bond ETF (SLQD), and </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares iBoxx $ Investment Grade Corporate Bond ETF (LQD) </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">(each a “Fund” and collectively, the “Funds”) </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">Effective July 27, 2026, the names of the Underlying Indexes for the Funds will be updated as shown below. All references to the Underlying Index in the Summary Prospectus, Prospectus and SAI for each Fund will be updated accordingly. </div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;width:99%;border-spacing:0px">
<tr>
<td style="width:6%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:50%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:42%;"></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; padding-left:8pt;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"><span style="font-weight:bold">Ticker</span></td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Fund Name</span></td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Updated Index Name</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">GHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares US & Intl High Yield Corp Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx Global Developed Markets High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">HYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SLQD</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year Investment Grade Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">LQD</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ Investment Grade Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade Index</div> </td> </tr> </table><div style="margin-top:6pt;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:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares, Inc. and iShares Trust </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated July 17, 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, </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">and Statement of Additional Information (“SAI”) for the </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares US & Intl High Yield Corp Bond ETF (GHYG), </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">(each a “Fund” and collectively, the “Funds”) </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;">Effective July 27, 2026, the names of the Underlying Indexes for the Funds will be updated as shown below. All references to the Underlying Index in the Summary Prospectus, Prospectus and SAI for each Fund will be updated accordingly. </div>
<table cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:arial;font-size:10pt;width:99%;border-spacing:0px">
<tr>
<td style="width:6%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:50%;"></td>
<td style="vertical-align:bottom;"></td>
<td style="width:42%;"></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; padding-left:8pt;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td>
<td colspan="2" style="BORDER-TOP:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:1.5pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:2pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"><span style="font-weight:bold">Ticker</span></td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Fund Name</span></td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:2pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;text-align:center;"><span style="font-weight:bold">Updated Index Name</span></td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">GHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares US & Intl High Yield Corp Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx Global Developed Markets High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SHYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">HYG</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ High Yield Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid High Yield Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
<td colspan="2" style="BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td> </tr>
<tr style="page-break-inside:avoid;font-family:arial;font-size:10pt">
<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">SLQD</div> </td>
<td style=" BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares 0‑5 Year Investment Grade Corporate Bond ETF</td>
<td style=" BORDER-BOTTOM:0.75pt solid #000000;vertical-align:bottom;"> </td>
<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade 0‑5Y Index</div> </td> </tr>
<tr style="font-size:1pt">
<td style="BORDER-LEFT:0.75pt solid #000000; padding-left:8pt;height:3pt;"> </td>
<td colspan="2" style="BORDER-LEFT:0.75pt solid #000000; BORDER-RIGHT:0.75pt solid #000000;height:3pt;"> </td>
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<td style="padding-bottom:3pt ;BORDER-LEFT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-left:8pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">LQD</div> </td>
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<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000;vertical-align:middle;white-space:nowrap;text-align:center;">iShares iBoxx $ Investment Grade Corporate Bond ETF</td>
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<td style="padding-bottom:3pt ;BORDER-RIGHT:0.75pt solid #000000; BORDER-BOTTOM:0.75pt solid #000000; padding-right:2pt;vertical-align:middle;white-space:nowrap;text-align:center;"> <div style="margin-top:0pt;margin-bottom:0pt;margin-left:1.00em;text-indent:-1.00em;font-size:10pt;font-family:arial;text-align:center;">iBoxx USD Liquid Investment Grade Index</div> </td> </tr> </table><div style="margin-top:6pt;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>
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