Emerging Market Performance: EMDZX invests in emerging market debt, so overall performance of these markets heavily influences its price.

Interest Rate Changes: Rising interest rates, especially in the US, can make emerging market debt less attractive, lowering EMDZX's price.

Currency Fluctuations: Currency movements in emerging markets impact the value of the fund's holdings, affecting EMDZX's NAV.

Credit Risk: Downgrades or concerns about creditworthiness in emerging market countries can negatively impact EMDZX's price.

Geopolitical Events: Political instability, conflicts, or policy changes in emerging market nations can cause EMDZX's price to fluctuate.

Inflation Rates: High inflation in emerging markets can erode the real returns of the fund, potentially leading to price declines.

Economic Growth: Strong economic growth in emerging markets generally supports higher prices for the bonds held by EMDZX.

Fund Flows: Inflows into or outflows from EMDZX can affect its price due to supply and demand dynamics.