PRODUCT UPDATE: iShares Morningstar U.S. Equity Style Box ETFs

NEW YORK--(BUSINESS WIRE)--BlackRock today announced a series of product enhancements to the iShares Morningstar U.S. Equity Style Box ETFs. The changes to each of the nine funds outlined below are expected to be implemented no earlier than March 19, 2021.

Current ticker	New ticker	Current fund name	New fund name	Current investment objective	New investment objective	Share Split Ratio	Current underlying index	New underlying index
JKF	ILCV	iShares Morningstar Large-Cap Value ETF   Inception Date: June 28, 2004   NAV as of 12/08/20: $113.1	iShares Morningstar Value ETF	The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit value characteristics.	The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit value characteristics.	2:1	Morningstar US Large Value Index	Morningstar US Large-Mid Cap Broad Value Index
JKD	ILCB	iShares Morningstar Large-Cap ETF   Inception Date: June 28, 2004   NAV as of 12/08/20: $211.8	iShares Morningstar U.S. Equity ETF	The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities.	The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities.	4:1	Morningstar US Large Core Index	Morningstar US Large-Mid Cap Index

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Current ticker	New ticker	Current fund name	New fund name	Current investment objective	New investment objective	Share Split Ratio	Current underlying index	New underlying index
JKE	ILCG	iShares Morningstar Large-Cap Growth ETF   Inception Date: June 28, 2004   NAV as of 12/08/20: $288.4	iShares Morningstar Growth ETF	The ETF seeks to track the investment results of an index composed of large-capitalization U.S. equities that exhibit growth characteristics.	The ETF seeks to track the investment results of an index composed of large- and mid-capitalization U.S. equities that exhibit growth characteristics.	5:1	Morningstar Large Growth Index	Morningstar US Large-Mid Cap Broad Growth Index^1
JKI	IMCV	iShares Morningstar Mid-Cap Value ETF   Inception Date: June 28, 2004   NAV as of 12/08/20: $157.8	No change	The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit value characteristics.	No change	3:1	Morningstar US Mid Value Index	Morningstar US Mid Cap Broad Value Index

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Current ticker	New ticker	Current fund name	New fund name	Current investment objective	New investment objective	Share Split Ratio	Current underlying index	New underlying index
JKG	IMCB	iShares Morningstar Mid-Cap ETF   Inception Date: June 28, 2004   NAV as of 12/08/20: $231.4	No change	The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities.	No change	4:1	Morningstar US Mid Core Index	Morningstar US Mid Cap Index
JKH	IMCG	iShares Morningstar Mid-Cap Growth ETF   Inception Date: June 28, 2004   NAV as of 12/08/20: $371.5	No change	The ETF seeks to track the investment results of an index composed of mid-capitalization U.S. equities that exhibit growth characteristics.	No change	6:1	Morningstar US Mid Growth Index	Morningstar US Mid Cap Broad Growth Index
JKL	ISCV	iShares Morningstar Small-Cap Value ETF   Inception Date: June 28, 2004   NAV as of 12/08/20: $139.0	No change	The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit value characteristics.	No change	3:1	Morningstar US Small Value Index	Morningstar US Small Cap Broad Value Extended Index

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Current ticker	New ticker	Current fund name	New fund name	Current investment objective	New investment objective	Share Split Ratio	Current underlying index	New underlying index
JKJ	ISCB	iShares Morningstar Small-Cap ETF   Inception Date: June 28, 2004   NAV as of 12/08/20: $194.4	No change	The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities.	No change	4:1	Morningstar US Small Core Index	Morningstar US Small Cap Extended Index
JKK	ISCG	iShares Morningstar Small-Cap Growth ETF   Inception Date: June 28, 2004   NAV as of 12/08/20: $288.3	No change	The ETF seeks to track the investment results of an index composed of small-capitalization U.S. equities that exhibit growth characteristics.	No change	6:1	Morningstar US Small Growth Index	Morningstar US Small Cap Broad Growth Extended Index

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About iShares

iShares unlocks opportunity across markets to meet the evolving needs of investors. With more than twenty years of experience, a global line-up of 900+ exchange traded funds (ETFs) and $2.32 trillion in assets under management as of September 30, 2020, iShares continues to drive progress for the financial industry. iShares funds are powered by the expert portfolio and risk management of BlackRock, trusted to manage more money than any other investment firm².

The foregoing is not a solicitation of any proxy. For important information regarding the iShares Morningstar U.S. Equity Style Box ETFs (the “Funds”) or to receive a free copy of a proxy statement, when available, or Prospectus or SAI relating to a proposed shareholder vote to change the diversification status of one of the Funds, the iShares Morningstar Large-Cap Growth ETF, from diversified from non-diversified, please call the Funds’ toll-free telephone number: 1-800-iShares (1-800-474-2737). The proxy statement, Prospectus, and SAI contain important information about the Fund’s objective, strategies, fees, expenses, risks, and the Board’s considerations in approving the proposal to be presented for shareholder approval at the Special Meeting of Shareholders. The proxy statement, Prospectus, and SAI will be available for free on the SEC’s website (www.sec.gov). Please read the proxy statement, Prospectus, and SAI carefully before voting or when considering whether to vote for the proposal.

Pursuant to SEC proxy rules, the Fund’s proxy solicitor, Computershare Fund Services (“Computershare”), is a “participant” in connection with the Special Meeting of Shareholders. Certain regular employees and officers of the Fund’s investment manager, administrator, or any of their affiliates may become “participants” if any such persons solicit proxies. Shareholders may obtain information regarding the interests of Computershare and any other participants, if applicable, in the Fund’s proxy statement, when available, for the Special Meeting of Shareholders.

Carefully consider the Funds' investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Funds' prospectuses or, if available, the summary prospectuses which may be obtained by visiting www.iShares.com or www.blackrock.com. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. Small-capitalization companies may be less stable and more susceptible to adverse developments, and their securities may be more volatile and less liquid than larger capitalization companies.

The iShares Funds are distributed by BlackRock Investments, LLC (together with its affiliates, “BlackRock”). The iShares Funds are not sponsored, endorsed, issued, sold or promoted by Morningstar, Inc., nor does this company make any representation regarding the advisability of investing in the Funds. BlackRock is not affiliated with Morningstar, Inc.

©2020 BlackRock, Inc. All rights reserved. iSHARES and BLACKROCK are trademarks of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. All other marks are the property of their respective owners.

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¹ The iShares Trust, of which the iShares Morningstar Large-Cap Growth ETF (the “Fund”) is a series of, will solicit shareholder approval to change the Fund’s diversification status from diversified to non-diversified, as such terms are defined under the Investment Company Act of 1940, at a Special Meeting of Shareholders to be held on or about March 12, 2021. As soon as reasonably practicable following shareholder approval, the Fund will begin tracking the Morningstar® US Large-Mid Cap Broad Growth Index. In the event that shareholder approval to change the Fund’s diversification status from diversified to non-diversified is ultimately not obtained, the Fund will track the Morningstar US Large-Mid Cap Broad Growth Capped Index (the “Interim Underlying Index”). In addition, if the Fund is unable to obtain shareholder approval in a timely manner, the Fund may track the Interim Underlying Index on an interim basis.

² Based on $7.81 trillion in AUM as of 9/30/20