Global Market Performance: Broad market trends in global equities significantly influence FHGLX, a global large-cap fund.

Currency Fluctuations: Changes in exchange rates, especially the US dollar's value against other currencies, affect returns on international holdings.

Interest Rate Changes: Shifts in global interest rate environments can impact the valuation of companies held within the fund.

Economic Growth: Varying economic growth rates across different countries impact the profitability of companies in those regions.

Inflation Rates: Inflationary pressures in various economies affect company earnings and investor sentiment.

Political and Regulatory Changes: Political instability or regulatory changes in different countries can affect business conditions and stock prices.

Company-Specific Performance: The performance of individual companies held by FHGLX directly impacts the fund's overall return.

Fund Management Strategy: The fund manager's investment decisions and portfolio allocation influence performance.