BlackRock’s iShares has rolled out two new exchange traded fund strategies, including a focused U.S. infrastructure play and an actively managed K-1 free commodity futures fund.

The two new ETFs include the iShares U.S. Infrastructure ETF (Cboe: IFRA) and iShares Bloomberg Roll Select Commodity Strategy ETF (NYSEArca: CMDY), which have a 0.40% expense ratio and a 0.28% expense ratio, respectively.

The iShares U.S. Infrastructure ETF tries to reflect the performance of the NYSE FactSet U.S. Infrastructure Index, which includes U.S. companies focused on infrastructure activities, according to a prospectus sheet.

Specifically, component holdings fall under one of the 95 infrastructure-related industries defined by FactSet Revere Business Industry Classification System. Each company is classified as either Category 1 or Category 2, where Category 1 companies are infrastructure enablers and Category 2 are infrastructure asset owners and operators. The index is all equally weighted.

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Category 1 infrastructure enablers include those in construction and engineering services, machineries and materials. Category 2 or infrastructure asset owners and operators are companies associated with traditional equity infrastructure investing, including those in energy transportation and storage, railroad transportation and utilities.

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