Emerging Market Performance: EMDCX.US invests in emerging markets, so their economic growth, political stability, and market sentiment greatly impact fund performance.

Interest Rate Changes: Changes in interest rates, especially in the US and emerging market countries, can influence currency values and investment flows, affecting the fund's net asset value.

Currency Fluctuations: The fund's investments are denominated in various emerging market currencies. Fluctuations in these currencies relative to the US dollar can impact returns.

Commodity Prices: Many emerging market economies are heavily reliant on commodity exports. Changes in commodity prices can affect their economic health and, consequently, the fund's performance.

Global Economic Conditions: Overall global economic growth or recessionary periods influence capital flows to emerging markets and investor risk appetite, affecting the fund.