iShares Trust – iShares MSCI USA Small-Cap Quality Factor ETF is an exchange-traded fund sponsored by iShares Trust, an investment company within BlackRock Inc.’s iShares ETF platform, that seeks to track the investment results, before fees and expenses, of the MSCI USA Small Cap Sector Neutral Quality Index. The fund provides U.S. equity-market exposure primarily through investments in small-capitalization companies selected and weighted based on quality characteristics, including return on equity, earnings stability and low financial leverage relative to sector peers. Its portfolio is designed to maintain sector weights broadly aligned with the underlying U.S. small-cap market while emphasizing companies exhibiting stronger fundamental-quality metrics. The ETF offers publicly traded shares listed under the ticker SQLT; portfolio management, index-replication services, securities lending where applicable, fund administration and shareholder services; and diversified access for institutional and retail investors seeking a rules-based U.S. small-cap quality-factor allocation. SQLT primarily serves investors in the United States and trades in U.S. dollars. The fund commenced operations on March 31, 2026, and was launched as part of BlackRock’s expansion of its iShares factor-based equity ETF range, introducing sector-neutral small-cap quality exposure to the U.S. ETF market. iShares Trust is headquartered in San Francisco, California, and is affiliated with BlackRock Inc., a global investment-management and technology-services provider.