# EDGAR Filing Document

**Accession Number:** 0001100663
**File Stem:** 0001193125-25-291668
**Filing Date:** 2025-11
**Character Count:** 8950
**Document Hash:** 98243529e61e93c46c93437c4b675e0b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-291668.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0001193125-25-291668

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 11

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251121

**EFFECTIVENESS DATE**: 20251124

**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:** 251509195

**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 Core S&P Total U.S. Stock Market ETF (Series ID: S000004317)

---

|  |  |  |
|:---|:---|:---|
| Class Name                                   | Ticker Symbol | Class ID   |
| iShares Core S&P Total U.S. Stock Market ETF | ITOT          | C000012047 |

---

### iShares Dow Jones U.S. ETF (Series ID: S000004330)

---

|  |  |  |
|:---|:---|:---|
| Class Name                 | Ticker Symbol | Class ID   |
| iShares Dow Jones U.S. ETF | IYY           | C000012060 |

---

### iShares Russell 3000 ETF (Series ID: S000004341)

---

|  |  |  |
|:---|:---|:---|
| Class Name               | Ticker Symbol | Class ID   |
| iShares Russell 3000 ETF | IWV           | C000012071 |

---

### iShares Russell 1000 ETF (Series ID: S000004347)

---

|  |  |  |
|:---|:---|:---|
| Class Name               | Ticker Symbol | Class ID   |
| iShares Russell 1000 ETF | IWB           | C000012077 |

---

### iShares Morningstar U.S. Equity ETF (Series ID: S000004367)

---

|  |  |  |
|:---|:---|:---|
| Class Name                          | Ticker Symbol | Class ID   |
| iShares Morningstar U.S. Equity ETF | ILCB          | C000012097 |

---

### iShares MSCI Japan Value ETF (Series ID: S000064903)

---

|  |  |  |
|:---|:---|:---|
| Class Name                   | Ticker Symbol | Class ID   |
| iShares MSCI Japan Value ETF | EWJV          | C000210083 |

---

## Series and Classes Contracts Data

### iShares Core S&P Total U.S. Stock Market ETF (Series ID: S000004317)

| Class ID   | Class Name                                   | Ticker Symbol   |
|:---|:---|:---|
| C000012047 | iShares Core S&P Total U.S. Stock Market ETF | ITOT            |

### iShares Dow Jones U.S. ETF (Series ID: S000004330)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000012060 | iShares Dow Jones U.S. ETF | IYY             |

### iShares Russell 3000 ETF (Series ID: S000004341)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000012071 | iShares Russell 3000 ETF | IWV             |

### iShares Russell 1000 ETF (Series ID: S000004347)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000012077 | iShares Russell 1000 ETF | IWB             |

### iShares Morningstar U.S. Equity ETF (Series ID: S000004367)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000012097 | iShares Morningstar U.S. Equity ETF | ILCB            |

### iShares MSCI Japan Value ETF (Series ID: S000064903)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000210083 | iShares MSCI Japan Value ETF | EWJV            |

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

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## iShares<sup>®</sup><sup></sup>

#### iShares Trust

#### Supplement dated November 24, 2025

#### to the currently effective Summary Prospectus, Prospectus, and

#### Statement of Additional Information (the "SAI") for the
iShares Core S&P Total U.S. Stock Market ETF (ITOT)

iShares Dow Jones U.S. ETF (IYY)

iShares Morningstar U.S. Equity ETF (ILCB)

iShares MSCI Japan Value ETF (EWJV)

iShares Russell 1000 ETF (IWB)

iShares Russell 3000 ETF (IWV)

(each, a "Fund" and together, the "Funds")

Each Fund is updating its investment policy to indicate that it intends to be "diversified," as defined in the Investment Company Act of 1940, as amended (the "1940 Act"), in approximately the same proportion as its Underlying Index is diversified. Shareholder approval will not be sought if a Fund crosses from diversified to non-diversified status due solely to a change in the relative market capitalization or index weighting of the constituents of its Underlying Index.

Accordingly, the following changes are effective immediately:

1. The following is added after the Industry Concentration Policy at the end of the section entitled "Principal Investment Strategies" of the Summary Prospectus and Prospectus of each Fund:

**Diversification Policy.** The Fund intends to be diversified in approximately the same proportion as the Underlying Index is diversified. The Fund may become "non-diversified," as defined in the 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of the Underlying Index. Shareholder approval will not be sought if the Fund becomes "non-diversified" due solely to a change in the relative market capitalization or index weighting of one or more constituents of the Underlying Index. The Fund discloses its portfolio holdings and weightings at www.iShares.com.

2. The following is added to the section entitled "Summary of Principal Risks" in the Summary Prospectus and Prospectus of each Fund:

**Non-Diversification Risk.** To the extent the Fund is non-diversified, the Fund may invest a large percentage of its assets in securities or other instruments representing a small number of issuers or counterparties and thus may be more susceptible to the risks associated with these particular issuers or counterparties. As a result, the Fund's performance may depend to a greater extent on the performance of a small number of issuers or counterparties, which may lead to more volatility in the Fund's NAV.

3. In the table under the section entitled "Additional Information About the Funds' Risks" in the Prospectus of each Fund, Non-Diversification Risk is checked as a Principal Risk of the Fund **.** 

4. The last sentence of the first paragraph following the diversification status table of the section entitled "Diversification Status" of the SAI of each Fund (except the iShares MSCI Japan Value ETF) is deleted in its entirety and replaced with the following as described below:

#### For the iShares Core S&P Total U.S. Stock Market ETF, iShares Russell 1000 ETF and iShares Russell 3000 ETF:
• However, while the iShares Core S&P Total U.S. Stock Market ETF, iShares Core S&P U.S. Growth ETF, iShares Russell 1000 ETF, iShares Russell 1000 Growth ETF, iShares Russell 3000 ETF, iShares Russell Top 200 ETF, iShares Russell Top 200 Growth ETF, iShares S&P 100 ETF and iShares S&P 500 Growth ETF are classified as "diversified," under applicable no-action relief from the SEC staff, the funds may become non-diversified, as defined in the 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of their Underlying Indexes and such a change does not require shareholder approval.

------

#### For the iShares Dow Jones U.S. ETF and iShares Morningstar U.S. Equity ETF:
• However, while the iShares Dow Jones U.S. ETF, iShares ESG MSCI KLD 400 ETF and iShares Morningstar U.S. Equity ETF are classified as "diversified," under applicable no-action relief from the SEC staff, the funds may become non-diversified, as defined in the 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of their Underlying Indexes and such a change does not require shareholder approval.

5. The following is added as the new last sentence of the first paragraph following the diversification status table of the section entitled "Diversification Status" of the SAI of the iShares MSCI Japan Value ETF:

• However, while the iShares MSCI Japan Value ETF is classified as "diversified," under applicable no-action relief from the SEC staff, the funds may become non-diversified, as defined in the 1940 Act, solely as a result of a change in relative market capitalization or index weighting of one or more constituents of their Underlying Indexes and such a change does not require shareholder approval.

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-A-SUPP1-1125

#### PLEASE RETAIN THIS SUPPLEMENT

#### FOR FUTURE REFERENCE