Investment Performance: Positive fund performance typically attracts more investors, increasing demand and potentially driving up the fund's price. Conversely, poor performance can lead to redemptions, decreasing demand and potentially lowering the price. Market Conditions: Overall market sentiment and economic conditions significantly influence fund prices. Bull markets tend to lift most funds, while bear markets can negatively impact them. Interest Rates: Changes in interest rates affect bond yields and, consequently, bond fund prices. Rising rates generally cause bond prices (and bond fund prices) to fall, and vice versa. Fund Expenses: Higher expense ratios and fees can detract from the fund's returns, potentially impacting its price relative to similar funds with lower expenses. Fund Manager Expertise: The skill and experience of the fund manager in selecting securities and managing risk can affect the fund's performance and, therefore, its price.