Investment Strategy: The fund's investment strategy, e.g., sector focus, geographic allocation, or investment style, impacts returns and therefore its price.

Market Conditions: Overall economic conditions, interest rates, inflation, and geopolitical events influence asset values and the fund's performance.

Fund Holdings: The underlying assets within the fund, such as stocks, bonds, or other securities, directly affect the fund's net asset value (NAV).

Management Fees: The fund's expense ratio, including management fees, directly impacts the returns available to investors, thereby affecting its price.

Supply and Demand: Investor demand for the fund and the number of shares available can create upward or downward pressure on its market price.

Fund Performance: Past performance, relative to benchmarks and peer funds, can attract or deter investors, influencing its price trajectory.