Investment Strategy: The fund's focus on emerging markets equities makes it sensitive to the performance of those markets.

Market Conditions: Broad economic trends and investor sentiment in emerging markets significantly influence its value.

Company Performance: The individual stock performance within the fund's holdings impacts overall returns.

Currency Fluctuations: Changes in exchange rates between the US dollar and emerging market currencies affect returns.

Interest Rates: Interest rate policies in both the US and emerging markets can influence equity valuations.

Political Risks: Political instability or policy changes in emerging market countries can impact investor confidence.

Fund Management: The fund manager's investment decisions and stock selection abilities directly affect the fund's performance.

Expense Ratio: The fund's operating expenses and fees reduce the overall return to investors.

Geopolitical Events: Global events, such as trade wars or international conflicts, can impact emerging markets.

Commodity Prices: Emerging markets are often commodity-dependent, so commodity price fluctuations affect their economies.