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2026-02-27
<div style="margin-top:0pt;margin-bottom:0pt;font-size:24pt;font-family:arial;font-weight:bold;text-align:center;">iShares Trust </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated September 4, 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 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Summary Prospectus, Prospectus 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 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW), </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;">The changes to the Funds’ names and principal investment strategies as disclosed in supplements to the Summary Prospectus, Prospectus and SAI, each dated July 16, 2026, that were expected to take effect on or around September 17, 2026, are now anticipated to take effect on or around October 15, 2026. The change of each Fund’s fiscal year end to December 31 is still expected to become effective on or around November 1, 2026. </div><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:24pt;font-family:arial;font-weight:bold;text-align:center;">iShares Trust </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated September 4, 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 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Summary Prospectus, Prospectus 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 High Yield Corporate Bond BuyWrite Strategy ETF (HYGW), </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;">The changes to the Funds’ names and principal investment strategies as disclosed in supplements to the Summary Prospectus, Prospectus and SAI, each dated July 16, 2026, that were expected to take effect on or around September 17, 2026, are now anticipated to take effect on or around October 15, 2026. The change of each Fund’s fiscal year end to December 31 is still expected to become effective on or around November 1, 2026. </div><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:24pt;font-family:arial;font-weight:bold;text-align:center;">iShares Trust </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated September 4, 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 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Summary Prospectus, Prospectus 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 Investment Grade Corporate Bond BuyWrite Strategy ETF (LQDW), </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;">The changes to the Funds’ names and principal investment strategies as disclosed in supplements to the Summary Prospectus, Prospectus and SAI, each dated July 16, 2026, that were expected to take effect on or around September 17, 2026, are now anticipated to take effect on or around October 15, 2026. The change of each Fund’s fiscal year end to December 31 is still expected to become effective on or around November 1, 2026. </div><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:24pt;font-family:arial;font-weight:bold;text-align:center;">iShares Trust </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated September 4, 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 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Summary Prospectus, Prospectus 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 Russell 2000 BuyWrite ETF (IWMW), 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;">The changes to the Funds’ names and principal investment strategies as disclosed in supplements to the Summary Prospectus, Prospectus and SAI, each dated July 16, 2026, that were expected to take effect on or around September 17, 2026, are now anticipated to take effect on or around October 15, 2026. The change of each Fund’s fiscal year end to December 31 is still expected to become effective on or around November 1, 2026. </div><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:24pt;font-family:arial;font-weight:bold;text-align:center;">iShares Trust </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated September 4, 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 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Summary Prospectus, Prospectus 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 S&P 500 BuyWrite ETF (IVVW) </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;">The changes to the Funds’ names and principal investment strategies as disclosed in supplements to the Summary Prospectus, Prospectus and SAI, each dated July 16, 2026, that were expected to take effect on or around September 17, 2026, are now anticipated to take effect on or around October 15, 2026. The change of each Fund’s fiscal year end to December 31 is still expected to become effective on or around November 1, 2026. </div><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:24pt;font-family:arial;font-weight:bold;text-align:center;">iShares Trust </div><div style="margin-top:6pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Supplement dated September 4, 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 </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">Summary Prospectus, Prospectus 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 20+ Year Treasury Bond BuyWrite Strategy ETF (TLTW), </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares High Yield Corporate Bond BuyWrite Strategy ETF (HYGW), </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares Investment Grade Corporate Bond BuyWrite Strategy ETF (LQDW), </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares Russell 2000 BuyWrite ETF (IWMW), and </div><div style="margin-top:0pt;margin-bottom:0pt;font-size:10pt;font-family:arial;font-weight:bold;text-align:center;">iShares S&P 500 BuyWrite ETF (IVVW) </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;">The changes to the Funds’ names and principal investment strategies as disclosed in supplements to the Summary Prospectus, Prospectus and SAI, each dated July 16, 2026, that were expected to take effect on or around September 17, 2026, are now anticipated to take effect on or around October 15, 2026. The change of each Fund’s fiscal year end to December 31 is still expected to become effective on or around November 1, 2026. </div><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>
iShares Trust