Fund Holdings Performance: The underlying assets' performance directly impacts the fund's net asset value (NAV).

Market Conditions: Overall market sentiment, economic data, and geopolitical events can influence investor demand and thus the price.

Interest Rate Changes: Interest rate movements can affect bond yields and corporate valuations held within the fund.

Fund Flows: Large inflows or outflows of investor capital can put pressure on the fund's manager to buy or sell assets.

Management Fees & Expenses: High fees reduce the fund's return and can make it less attractive, impacting its price.

Currency Fluctuations: If the fund invests internationally, currency exchange rates can affect the returns when converted back to the base currency.

Inflation Rates: Inflation can erode the purchasing power of investments, potentially leading to lower returns and price.

Credit Ratings: Changes in the credit ratings of the fund's bond holdings can influence their value and affect the fund's price.