Market Interest Rates: Rising interest rates typically decrease the value of bond funds like FKRSX.US because newly issued bonds offer higher yields.

Credit Quality of Holdings: Downgrades in the credit ratings of bonds held by the fund can lower its net asset value (NAV).

Economic Conditions: A strong economy may reduce demand for bonds, pushing prices down, while a weak economy might increase demand.

Inflation Expectations: Higher inflation expectations often lead to higher interest rates, which negatively impacts bond fund prices.

Fund Management Expertise: Skillful management decisions regarding asset allocation and security selection can enhance performance and influence the price.

Supply and Demand: Increased demand for FKRSX.US can drive up its price, while increased selling pressure can lower it.

Fund Expense Ratio: A higher expense ratio can slightly reduce the fund's returns, influencing its relative price compared to similar funds.