Economy: Economic growth boosts corporate profits, increasing stock values. Conversely, recessions can hurt performance.

Interest Rates: Higher rates make bonds less attractive, potentially lowering fund value as investors shift elsewhere. Lower rates may increase bond appeal.

Inflation: Rising inflation erodes the purchasing power of returns, impacting bond values negatively if yields don't keep pace.

Company Performance: The success of companies held within the fund directly influences its overall value, positively or negatively.

Fund Management: The skill of the fund manager in stock selection and timing impacts the portfolio's returns.

Market Sentiment: Overall investor confidence or fear can drive prices up or down, regardless of underlying fundamentals.

Credit Risk: The risk that bond issuers may default affects bond values and the fund's overall performance.

Geopolitical Events: Global events can introduce volatility and influence market direction.