iShares^®

iShares, Inc.

iShares Trust

iShares U.S. ETF Trust

Supplement dated February 8, 2023 (the “Supplement”)

to the Summary Prospectus (the “Summary Prospectus”),

Prospectus (the “Prospectus”) and

Statement of Additional Information (“SAI”)

for each of the funds listed below (each, a “Fund”)

The information in this Supplement updates information in, and should be read in conjunction with, each Fund’s Summary Prospectus, Prospectus, and SAI.

As of February 8, 2023, Amy Whitelaw is no longer a Portfolio Manager for the Funds. All references to Ms. Whitelaw in the Summary Prospectus, Prospectus, and SAI are hereby removed

Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of March 1, 2022:

iShares Bloomberg Roll Select Commodity Strategy ETF iShares Commodity Curve Carry Strategy ETF iShares Gold Strategy ETF iShares GSCI Commodity Dynamic Roll Strategy ETF iShares Yield Optimized Bond ETF

Supplement to the Summary Prospectus dated April 26, 2022 and the Prospectus and Statement of Additional Information each dated as of April 6, 2022:

iShares Blockchain and Tech ETF

Supplement to the Summary Prospectus and Prospectus both dated as of August 1, 2022, and to the Statement of Additional Information dated as of August 1, 2022 (as revised October 3, 2022):

iShares Asia 50 ETF iShares Emerging Markets Infrastructure ETF iShares Global 100 ETF iShares Global Comm Services ETF iShares Global Consumer Discretionary ETF iShares Global Consumer Staples ETF iShares Global Energy ETF iShares Global Financials ETF iShares Global Healthcare ETF iShares Global Industrials ETF iShares Global Materials ETF iShares Global Tech ETF iShares Global Timber & Forestry ETF iShares Global Utilities ETF iShares India 50 ETF iShares International Developed Property ETF iShares International Dividend Growth ETF iShares Latin America 40 ETF

Supplement to the Summary Prospectus and Prospectus both dated as of August 1, 2022, and to the Statement of Additional Information dated as of August 1, 2022 (as revised January 27, 2023):

iShares Biotechnology ETF iShares Core S&P 500 ETF iShares Core S&P Mid-Cap ETF iShares Core S&P Small-Cap ETF iShares Core S&P Total U.S. Stock Market ETF iShares Core S&P U.S. Growth ETF iShares Core S&P U.S. Value ETF iShares ESG Screened S&P 500 ETF iShares ESG Screened S&P Mid-Cap ETF iShares ESG Screened S&P Small-Cap ETF iShares Europe ETF iShares Expanded Tech Sector ETF iShares Expanded Tech-Software Sector ETF iShares Factors US Growth Style ETF iShares Focused Value Factor ETF iShares International Developed Small Cap Value Factor ETF iShares JPX-Nikkei 400 ETF iShares Micro-Cap ETF iShares Mortgage Real Estate ETF iShares North American Natural Resources ETF iShares North American Tech-Multimedia Networking ETF iShares Preferred and Income Securities ETF iShares Residential and Multisector Real Estate ETF iShares Russell 1000 ETF iShares Russell 1000 Growth ETF iShares Russell 1000 Value ETF iShares Russell 2000 ETF iShares Russell 2000 Growth ETF iShares Russell 2000 Value ETF iShares Russell 3000 ETF iShares Russell Mid-Cap ETF iShares Russell Mid-Cap Growth ETF iShares Russell Mid-Cap Value ETF iShares Russell Top 200 ETF iShares Russell Top 200 Growth ETF iShares Russell Top 200 Value ETF iShares S&P 100 ETF iShares S&P 500 Growth ETF iShares S&P 500 Value ETF iShares S&P Mid-Cap 400 Growth ETF iShares S&P Mid-Cap 400 Value ETF iShares S&P Small-Cap 600 Growth ETF iShares S&P Small-Cap 600 Value ETF iShares Semiconductor ETF iShares U.S. Aerospace & Defense ETF iShares U.S. Broker-Dealers & Securities Exchanges ETF iShares U.S. Healthcare Providers ETF iShares U.S. Home Construction ETF iShares U.S. Infrastructure ETF iShares U.S. Insurance ETF iShares U.S. Medical Devices ETF iShares U.S. Oil & Gas Exploration & Production ETF iShares U.S. Oil Equipment & Services ETF iShares U.S. Pharmaceuticals ETF iShares U.S. Real Estate ETF iShares U.S. Regional Banks ETF iShares U.S. Telecommunications ETF iShares US Small Cap Value Factor ETF

Supplement to the Summary Prospectus dated as of August 1, 2022 and the Prospectus and Statement of Additional Information each dated as of August 1, 2022 (as revised October 3, 2022):

iShares Global Infrastructure ETF

Supplement to the Summary Prospectus, the Prospectus and Statement of Additional Information each dated as of August 1, 2022 (as revised January 27, 2023):

iShares Factors US Value Style ETF

Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of August 1, 2022:

iShares Russell 2500 ETF

Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of September 1, 2022:

iShares Asia/Pacific Dividend ETF iShares Emerging Markets Dividend ETF

Supplement to the Summary Prospectus and Prospectus both dated as of September 1, 2022, and to the Statement of Additional Information dated as of September 1, 2022 (as revised October 3, 2022):

iShares Cohen & Steers REIT ETF iShares Core Dividend ETF iShares Core Dividend Growth ETF iShares Core High Dividend ETF iShares Core U.S. REIT ETF iShares Dow Jones U.S. ETF iShares Global REIT ETF iShares International Select Dividend ETF iShares Morningstar Growth ETF iShares Morningstar Mid-Cap ETF iShares Morningstar Mid-Cap Growth ETF iShares Morningstar Mid-Cap Value ETF iShares Morningstar Small-Cap ETF iShares Morningstar Small-Cap Growth ETFiShares Morningstar Small-Cap Value ETF iShares Morningstar U.S. Equity ETF iShares Morningstar Value ETF iShares MSCI KLD 400 Social ETF iShares MSCI USA ESG Select ETF iShares Select Dividend ETF iShares U.S. Basic Materials ETF iShares U.S. Consumer Discretionary ETF iShares U.S. Consumer Staples ETF iShares U.S. Energy ETF iShares U.S. Financial Services ETF iShares U.S. Financials ETF iShares U.S. Healthcare ETF iShares U.S. Industrials ETF iShares U.S. Technology ETF iShares U.S. Transportation ETF iShares U.S. Utilities ETF

Supplement to the Summary Prospectus dated as of September 1, 2022 and the Prospectus and Statement of Additional Information each dated as of September 1, 2022 (as revised October 3, 2022):

iShares International Developed Real Estate ETF

Supplement to the Summary Prospectus and Prospectus both dated as of September 1, 2022 (as revised January 31. 2023), and to the Statement of Additional Information dated as of September 1, 2022 (as revised October 3, 2022):

iShares Global Clean Energy ETF

Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 1, 2022:

iShares China Large-Cap ETF iShares Core MSCI EAFE ETF iShares Core MSCI Europe ETF iShares Core MSCI International Developed Markets ETF iShares Core MSCI Pacific ETF iShares Core MSCI Total International Stock ETF iShares Cybersecurity and Tech ETF iShares ESG MSCI USA Min Vol Factor ETF iShares Exponential Technologies ETF iShares Future Cloud 5G and Tech ETF iShares Genomics Immunology and Healthcare ETF iShares International Equity Factor ETF iShares MSCI ACWI ETF iShares MSCI ACWI ex U.S. ETF iShares MSCI ACWI Low Carbon Target ETF iShares MSCI All Country Asia ex Japan ETF iShares MSCI China A ETF iShares MSCI EAFE ETF iShares MSCI EAFE Growth ETF iShares MSCI EAFE Min Vol Factor ETF iShares MSCI EAFE Small-Cap ETF iShares MSCI EAFE Value ETF iShares MSCI Europe Financials ETF iShares MSCI Europe Small-Cap ETF iShares MSCI Global Multifactor ETF iShares MSCI Intl Momentum Factor ETF iShares MSCI Intl Quality Factor ETF iShares MSCI Intl Size Factor ETF iShares MSCI Intl Small-Cap Multifactor ETF iShares MSCI Intl Value Factor ETF iShares MSCI Kokusai ETF iShares MSCI USA Min Vol Factor ETF iShares MSCI USA Momentum Factor ETF iShares MSCI USA Quality Factor ETF iShares MSCI USA Size Factor ETF iShares MSCI USA Small-Cap Min Vol Factor ETF iShares MSCI USA Small-Cap Multifactor ETF iShares MSCI USA Value Factor ETF

iShares Neuroscience and Healthcare ETF iShares Robotics and Artificial Intelligence Multisector ETF iShares Self-Driving EV and Tech ETF iShares U.S. Equity Factor ETF iShares U.S. Tech Breakthrough Multisector ETF iShares Virtual Work and Life Multisector ETF

Supplement to the Prospectus and Statement of Additional Information each dated as of December 1, 2022:

iShares Core Aggressive Allocation ETF iShares Core Conservative Allocation ETF iShares Core Growth Allocation ETF iShares Core Moderate Allocation ETF iShares ESG Aware Aggressive Allocation ETF iShares ESG Aware Conservative Allocation ETF iShares ESG Aware Growth Allocation ETF iShares ESG Aware Moderate Allocation ETF iShares Morningstar Multi-Asset Income ETF

Supplement to the Summary Prospectus, Prospectus and Statement of Additional Information each dated as of December 29, 2022:

iShares Core MSCI Emerging Markets ETF iShares Emergent Food and AgTech Multisector ETF iShares ESG Advanced MSCI EAFE ETF iShares ESG Advanced MSCI EM ETF iShares ESG Advanced MSCI USA ETF iShares ESG Aware MSCI EAFE ETF iShares ESG Aware MSCI EM ETF iShares ESG Aware MSCI USA ETF iShares ESG Aware MSCI USA Small-Cap ETF iShares ESG MSCI EM Leaders ETF iShares ESG MSCI USA Leaders ETF iShares MSCI Agriculture Producers ETF iShares MSCI Australia ETF iShares MSCI Austria ETF iShares MSCI Belgium ETF iShares MSCI BIC ETF iShares MSCI Brazil ETF iShares MSCI Brazil Small-Cap ETF iShares MSCI Canada ETF iShares MSCI Chile ETF iShares MSCI China ETF iShares MSCI China Multisector Tech ETF iShares MSCI China Small-Cap ETF iShares MSCI Denmark ETF iShares MSCI Emerging Markets Asia ETF iShares MSCI Emerging Markets ETF iShares MSCI Emerging Markets ex China ETF iShares MSCI Emerging Markets Min Vol Factor ETF iShares MSCI Emerging Markets Multifactor ETF iShares MSCI Emerging Markets Small-Cap ETF

iShares MSCI Eurozone ETF iShares MSCI Finland ETF iShares MSCI France ETF iShares MSCI Frontier and Select EM ETF iShares MSCI Germany ETF iShares MSCI Germany Small-Cap ETF iShares MSCI Global Energy Producers ETF iShares MSCI Global Gold Miners ETF iShares MSCI Global Metals & Mining Producers ETF iShares MSCI Global Min Vol Factor ETF iShares MSCI Global Silver and Metals Miners ETF iShares MSCI Global Sustainable Development Goals ETF iShares MSCI Hong Kong ETF iShares MSCI India Small-Cap ETF iShares MSCI Indonesia ETF iShares MSCI Ireland ETF iShares MSCI Israel ETF iShares MSCI Italy ETF iShares MSCI Japan ETF iShares MSCI Japan Small-Cap ETF iShares MSCI Japan Value ETF iShares MSCI Kuwait ETF iShares MSCI Malaysia ETF iShares MSCI Mexico ETF iShares MSCI Netherlands ETF iShares MSCI New Zealand ETF iShares MSCI Norway ETF iShares MSCI Pacific ex Japan ETF iShares MSCI Peru ETF iShares MSCI Philippines ETF iShares MSCI Poland ETF iShares MSCI Qatar ETF iShares MSCI Russia ETF iShares MSCI Saudi Arabia ETF iShares MSCI Singapore ETF iShares MSCI South Africa ETF iShares MSCI South Korea ETF iShares MSCI Spain ETF iShares MSCI Sweden ETF iShares MSCI Switzerland ETF iShares MSCI Taiwan ETF iShares MSCI Thailand ETF iShares MSCI Turkey ETF iShares MSCI UAE ETF iShares MSCI United Kingdom ETF iShares MSCI United Kingdom Small-Cap ETF iShares MSCI USA Equal Weighted ETF iShares MSCI World ETF iShares Paris-Aligned Climate MSCI USA ETF

Supplement to the Summary Prospectus and Prospectus both dated as of December 29, 2022 (as revised January 13, 2023) and Statement of Additional Information dated as of December 29, 2022:

iShares MSCI India ETF

Supplement to the Summary Prospectus dated September 21, 2022 and the Prospectus and Statement of Additional Information each dated as of September 6, 2022:

iShares MSCI Water Management Multisector ETF

Supplement to the Summary Prospectus dated November 16, 2022 and the Prospectus and Statement of Additional Information each dated as of September 22, 2022 (as revised November 9, 2022):

iShares Environmentally Aware Real Estate ETF

Supplement to the Summary Prospectus dated November 2, 2022 and the Prospectus and Statement of Additional Information each dated as of October 24, 2022:

iShares Environmental Infrastructure and Industrials ETF

Supplement to the Summary Prospectus dated February 1, 2023 and the Prospectus and Statement of Additional Information each dated as of December 29, 2022:

iShares ESG Aware MSCI USA Growth ETF iShares ESG Aware MSCI USA Value ETF

Supplement to Prospectus and Statement of Additional Information each dated as of January 31, 2023:

iShares Future Metaverse Tech and Communications ETF

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.

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