First Trust Bloomberg Scarce Resources UCITS ETF is an exchange-traded fund that tracks the Bloomberg Scarce Resources Index - Benchmark TR Net. This index focuses on companies engaged in resource scarcity themes, specifically those involved in real or hard assets with finite supply or production capacity. It includes firms whose primary business activities span oil and gas, aerospace and defense, agriculture, renewable energy, and metals and mining sectors. The ETF employs a long-only strategy with physical replication, accumulating dividends by reinvesting them into the fund rather than distributing to investors. Denominated in USD and unhedged against currency risk, it provides exposure to developed markets without an emphasis on sustainability or ESG criteria. Launched in 2024 and domiciled in Ireland, the ETF is managed by First Trust and offers investors a targeted vehicle for accessing commodities and resource-related equities in the global financial markets.