Market Interest Rates: Rising interest rates can decrease the attractiveness of REITs like those held by FJRLX, potentially lowering its price.

Real Estate Market Conditions: The health of the overall real estate market, including property values, occupancy rates, and rental income, directly impacts the performance of REITs and thus FJRLX.

Inflation: High inflation can erode the real value of REIT income streams, potentially leading to price declines in FJRLX. Conversely, REITs can sometimes act as inflation hedges, boosting the fund's price in inflationary environments.

Economic Growth: A strong economy generally supports higher property demand and rental rates, benefiting REITs and potentially increasing the price of FJRLX. Conversely, economic downturns can negatively impact the fund.

REIT-Specific Factors: News and performance related to the individual REITs held within FJRLX’s portfolio (e.g., occupancy, management changes, acquisitions) can influence the fund's price.

Investor Sentiment: General market optimism or pessimism towards REITs can drive demand for FJRLX, impacting its price regardless of underlying fundamentals.

Fund Management: The skill of the fund manager in selecting and allocating assets within the REIT sector can influence the fund's returns and, consequently, its price.

Dividend Yields: FJRLX's dividend yield relative to other investment options can impact investor demand and its price. Higher yields can attract income-seeking investors.

Regulatory Changes: Changes in government regulations affecting the real estate or REIT industries can influence the profitability and attractiveness of REITs, impacting FJRLX's price.