[Market Interest Rates]: Higher interest rates generally make bonds less attractive, potentially lowering FITWX's price, as investors seek higher yields elsewhere. Lower interest rates can increase FITWX's price.

[Credit Risk]: Changes in the creditworthiness of the issuers of bonds held by FITWX impact its price. Downgrades increase risk and lower the price; upgrades decrease risk and raise the price.

[Inflation Expectations]: Rising inflation erodes the value of fixed-income securities, potentially decreasing FITWX's price. Lower inflation can increase its price.

[Economic Growth]: Strong economic growth can lead to higher interest rates, negatively impacting bond prices in FITWX. Weaker growth can lead to lower rates and higher prices.

[Fund Management Decisions]: The fund manager's decisions regarding asset allocation, security selection, and duration management influence FITWX's performance and price.

[Supply and Demand]: General buying and selling pressure in the bond market can affect FITWX's price. High demand can increase price, while increased supply can decrease it.