iSHARES TRUST

Form Type: 497

Filing Date: 2024-12-31

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312524286938

Comments: This document serves as a supplement dated December 31, 2024, to the effective Summary Prospectus, Prospectus, and Statement of Additional Information (SAI) for various iShares iBonds Term TIPS ETFs. The document outlines significant changes to the Funds, effective January 31, 2025. The section on 'Principal Investment Strategies' has been revised to reflect updated procedures for how the Underlying Index is managed, including specifics regarding rebalancing and investment strategies. Each Fund will invest at least 80% of its assets in securities of the Underlying Index and typically reinvest in investments already in the Index as bonds mature. The document details the planned wind-up and termination of the Funds, stating that by October 15 of the relevant year, each Fund is expected to consist almost entirely of cash. The Funds will wind up and distribute their net assets to shareholders following a plan of liquidation approved by the Board of Trustees. The document also specifies changes in risk disclosures related to declining yield and other investment strategies.

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Form Type: 497

Filing Date: 2024-12-31

Corporate Action: Liquidation

Type: New

Accession Number: 000119312524286941

Comments: This document serves as a supplement to the Summary Prospectus, Prospectus, and Statement of Additional Information (SAI) for various iShares iBonds Term Treasury ETFs. It details that effective January 31, 2025, changes to the Funds will include modifications in the 'Principal Investment Strategies' to enhance index tracking measures. Notably, the Funds are set to invest at least 80% of their assets in securities of the Underlying Index and at least 90% specifically in U.S. Treasury securities. A significant aspect is the scheduled liquidation of certain Funds as they will wind down operations and terminate, with their net assets being distributed to shareholders. The Board of Trustees has approved this termination without requiring further shareholder approval. Adjustments are made in the risk summaries and investment strategies presented in related documents, highlighting concerns over yield fluctuations as the Funds approach their termination dates. These ETFs are designed to track the investment results of their Underlying Indexes while maintaining lower costs through an indexing approach.

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Form Type: 497

Filing Date: 2024-12-19

Corporate Action: Liquidation

Type: New

Accession Number: 000119312524281940

Comments: The Funds, which include the iShares iBonds 2024 Term High Yield and Income ETF, iShares iBonds Dec 2024 Term Corporate ETF, and iShares iBonds Dec 2024 Term Treasury ETF, have liquidated effective December 19, 2024. All references to these Funds in the Statement of Additional Information have been removed. Investors are advised to call 1-800-iShares for any questions regarding this matter.

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Form Type: 485APOS

Filing Date: 2024-12-13

Corporate Action: Liquidation

Type: Update

Accession Number: 000119312524277535

Comments: The document outlines a registration statement for the iShares iBonds Dec 2055 Term Treasury ETF, indicating that the Fund is set to terminate around December 15, 2055, and will liquidate its remaining net assets to shareholders. The investment strategy focuses on U.S. Treasury bonds maturing in 2055. It highlights the underlying index it tracks and details its investment objectives. The filing discusses the management of operational expenses, risk profiles, and potential impacts on returns for shareholders due to interest rate risk, market fluctuations, and other factors. There are specific disclosures regarding investment strategies, compliance processes, and governance structures. Modifications to certain investment policies and risk assessments to comply with regulatory requirements are also summarized. The fund's termination is already approved by the board, allowing for potential extension by trustee vote if necessary.

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