# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001193125-25-162592
**Filing Date:** 2025-7
**Character Count:** 9855
**Document Hash:** 7303e5f6d1e61593d9ae1525033b5126
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-162592.hdr.sgml**: 20250722

**ACCESSION NUMBER**: 0001193125-25-162592

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 13

**FILED AS OF DATE**: 20250722

**DATE AS OF CHANGE**: 20250722

**EFFECTIVENESS DATE**: 20250722

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iSHARES TRUST
- **CENTRAL INDEX KEY:** 0001100663

**ORGANIZATION NAME:**
- **EIN:** 943351276
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-92935
- **FILM NUMBER:** 251140567

**BUSINESS ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105
- **BUSINESS PHONE:** (415) 670-2000

**MAIL ADDRESS:**
- **STREET 1:** 400 HOWARD STREET
- **CITY:** SAN FRANCISCO
- **STATE:** CA
- **ZIP:** 94105

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ISHARES TRUST
- **DATE OF NAME CHANGE:** 19991213

## Series and Classes Contracts Data

### iShares iBonds Dec 2025 Term Muni Bond ETF (Series ID: S000063114)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| iShares iBonds Dec 2025 Term Muni Bond ETF | IBMN          | C000204675 |

---

### iShares iBonds Dec 2026 Term Muni Bond ETF (Series ID: S000063115)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| iShares iBonds Dec 2026 Term Muni Bond ETF | IBMO          | C000204676 |

---

### iShares iBonds Dec 2027 Term Muni Bond ETF (Series ID: S000065128)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| iShares iBonds Dec 2027 Term Muni Bond ETF | IBMP          | C000210857 |

---

### iShares iBonds Dec 2028 Term Muni Bond ETF (Series ID: S000065129)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| iShares iBonds Dec 2028 Term Muni Bond ETF | IBMQ          | C000210858 |

---

### iShares iBonds Dec 2029 Term Muni Bond ETF (Series ID: S000080345)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| iShares iBonds Dec 2029 Term Muni Bond ETF | IBMR          | C000242692 |

---

### iShares iBonds Dec 2030 Term Muni Bond ETF (Series ID: S000085095)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| iShares iBonds Dec 2030 Term Muni Bond ETF | IBMS          | C000249960 |

---

### iShares iBonds Dec 2031 Term Muni Bond ETF (Series ID: S000090637)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                 | Ticker Symbol | Class ID   |
| iShares iBonds Dec 2031 Term Muni Bond ETF | IBMT          | C000257913 |

---

## Series and Classes Contracts Data

### iShares iBonds Dec 2025 Term Muni Bond ETF (Series ID: S000063114)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000204675 | iShares iBonds Dec 2025 Term Muni Bond ETF | IBMN            |

### iShares iBonds Dec 2026 Term Muni Bond ETF (Series ID: S000063115)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000204676 | iShares iBonds Dec 2026 Term Muni Bond ETF | IBMO            |

### iShares iBonds Dec 2027 Term Muni Bond ETF (Series ID: S000065128)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000210857 | iShares iBonds Dec 2027 Term Muni Bond ETF | IBMP            |

### iShares iBonds Dec 2028 Term Muni Bond ETF (Series ID: S000065129)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000210858 | iShares iBonds Dec 2028 Term Muni Bond ETF | IBMQ            |

### iShares iBonds Dec 2029 Term Muni Bond ETF (Series ID: S000080345)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000242692 | iShares iBonds Dec 2029 Term Muni Bond ETF | IBMR            |

### iShares iBonds Dec 2030 Term Muni Bond ETF (Series ID: S000085095)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000249960 | iShares iBonds Dec 2030 Term Muni Bond ETF | IBMS            |

### iShares iBonds Dec 2031 Term Muni Bond ETF (Series ID: S000090637)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000257913 | iShares iBonds Dec 2031 Term Muni Bond ETF | IBMT            |

?xml version='1.0' encoding='ASCII'? Form 497

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## iShares<sup>®</sup>

#### iShares Trust

#### Supplement dated July 22, 2025 (the "Supplement")

#### to the currently effective Summary Prospectus, Prospectus and Statement of Additional

#### Information ("SAI") for each of the iShares<sup>®</sup> iBonds<sup>®</sup> Dec 2025 Term Muni Bond ETF (IBMN),

#### iShares iBonds Dec 2026 Term Muni Bond ETF (IBMO), iShares iBonds<sup></sup>Dec 2027 Term Muni Bond

#### ETF (IBMP), iShares iBonds Dec 2028 Term Muni Bond ETF (IBMQ), iShares iBonds Dec 2029

#### Term Muni Bond ETF (IBMR), iShares iBonds Dec 2030 Term Muni Bond ETF (IBMS), and iShares

#### iBonds Dec 2031 Term Muni Bond ETF (IBMT) (each, a "Fund" and together, the "Funds")
Effective July 22, 2025, fees and expenses incurred by the Funds in connection with investments in certain other funds will be waived by BlackRock Fund Advisors ("BFA"), the investment adviser to the Funds. Accordingly, the following changes are immediately effective:

**1.** **The following is added as the second paragraph of the "Fees and Expenses" section of each Fund's Summary Prospectus and Prospectus:** 

The Fund may incur "Acquired Fund Fees and Expenses." Acquired Fund Fees and Expenses reflect the Fund's pro rata share of the fees and expenses incurred indirectly by the Fund as a result of investing in other investment companies. The impact of Acquired Fund Fees and Expenses is included in the Fund's total return but is not included in the Fund's ratio of expenses to average net assets. Both figures are shown in the Financial Highlights section of the Fund's prospectus (the "Prospectus"). BFA, the investment adviser to the Fund, has contractually agreed to waive a portion of its management fees in an amount equal to the Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other funds advised by BFA or its affiliates through the termination date of the Fund. The contractual waiver may be terminated prior to the Fund's termination only upon the written agreement of the Trust and BFA.

**2.** **In the "Fees and Expenses" section of each Fund's Summary Prospectus and Prospectus, the "Annual Fund Operating Expenses" table is deleted in its entirety and replaced as follows:** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Annual Fund Operating Expenses**<br>**(ongoing expenses that you pay each year as a**<br>**percentage of the value of your investments)<sup>1, 2</sup>** | **Annual Fund Operating Expenses**<br>**(ongoing expenses that you pay each year as a**<br>**percentage of the value of your investments)<sup>1, 2</sup>** | **Annual Fund Operating Expenses**<br>**(ongoing expenses that you pay each year as a**<br>**percentage of the value of your investments)<sup>1, 2</sup>** | **Annual Fund Operating Expenses**<br>**(ongoing expenses that you pay each year as a**<br>**percentage of the value of your investments)<sup>1, 2</sup>** | **Annual Fund Operating Expenses**<br>**(ongoing expenses that you pay each year as a**<br>**percentage of the value of your investments)<sup>1, 2</sup>** | **Annual Fund Operating Expenses**<br>**(ongoing expenses that you pay each year as a**<br>**percentage of the value of your investments)<sup>1, 2</sup>** | **Annual Fund Operating Expenses**<br>**(ongoing expenses that you pay each year as a**<br>**percentage of the value of your investments)<sup>1, 2</sup>** |
| **Management**<br> **Fees** | **Distribution and**<br> **Service (12b-1)**<br> **Fees** | **Other**<br> **Expenses** | **Acquired**<br> **Fund**<br> **Fees**<br> **and**<br> **Expenses<sup>3</sup>** | **Total**<br> **Annual**<br> **Fund**<br> **Operating**<br> **Expenses** | **Fee Waiver**<br> **and/or**<br> **Expense**<br> **Reimbursement<sup>3</sup>** | **Total Annual**<br> **Fund**<br> **Operating**<br> **Expenses After**<br> **Fee Waiver**<br> **and/or**<br> **Expense**<br> **Reimbursement** |
| 0.18% |  |  | 0.00% | 0.18% | 0.00% | 0.18% |

---

<sup>1</sup> Operating expenses paid by BFA under the Investment Advisory Agreement exclude acquired fund fees and expenses, if any.

<sup>2</sup> The expense information in the table has been restated to reflect current fees.

<sup>3</sup> The amount rounded to 0.00%.

**3.** **The following footnote is added to the management fee rate for each Fund listed in the fee table in the "Management of the Funds" section of the Prospectus and to the three-year management fee table in the "Investment Adviser" section of the SAI:** 

BFA has contractually agreed to waive a portion of its management fees in an amount equal to the Acquired Fund Fees and Expenses, if any, attributable to investments by the Fund in other funds advised by BFA or its affiliates through the termination date of the Fund. The contractual waiver may be terminated prior to the Fund's termination only upon the written agreement of the Trust and BFA.

------

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

iShares<sup>®</sup> is a registered trademark of BlackRock Fund Advisors and its affiliates.

IS-SUPP-Muni-iBonds-0725

#### PLEASE RETAIN THIS SUPPLEMENT

#### FOR FUTURE REFERENCE