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2021 Prospectus - iShares

DECEMBER 1, 20222022 ProspectusiSharesS&PAllocationSeries iShares Core Conservative Allocation ETF|AOK|NYSEARCA iShares Core Moderate Allocation ETF|AOM|NYSEARCA iShares Core Growth Allocation ETF| AOR | NYSE ARCA iShares Core Aggressive Allocation ETF|AOA|NYSEARCAThe Securities and Exchange Commission ( SEC ) has not approved or disapproved these securities or passed upon the adequacy ofthis Prospectus . Any representation to the contrary is a criminal iShares , TrustiShares ETF TrustSupplement dated February 8, 2023 (the Supplement )to the Summary Prospectus (the Summary Prospectus ), Prospectus (the Prospectus ) andStatement 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 of February 8, 2023, Amy Whitelaw is no longer a Portfolio Manager for the Funds.

years with Barclays Global Investors, which merged with BlackRock in 2009. Mr. Whitehead has been employed by BlackRock as a Managing Director since 2010 and a Director from 2009 to 2010. Mr. Whitehead was employed by Barclays Global Investors as Principal from 2002 to 2009. Mr. Whitehead has been a Portfolio Manager of the Fund since 2022.

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