Index constituents are selected, based on liquidity, from a universe of all U.S.-listed American depositary receipts, global depositary receipts, New York Shares and Global Registered Shares of developed countries in Europe and Asia- Pacific, as determined by The Bank of New York Mellon, the Fund’s index provider. BNY Mellon generally follows the World Bank’s classification as low-income, middle-income, or high-income in determining which markets qualify as developed markets.