Currency Fluctuations: The fund's net asset value is directly impacted by changes in the exchange rates between the U.S. dollar and the currencies of the underlying holdings.

Underlying Bond Performance: The performance of the bonds held within the fund's portfolio, influenced by interest rate changes and credit risk, affects the fund's price.

Interest Rate Movements: Rising interest rates can decrease the value of existing bonds, while falling rates can increase their value, impacting the fund.

Credit Risk of Holdings: Downgrades or defaults in the credit ratings of the bonds held by the fund can negatively affect its price.

Market Sentiment: Overall investor confidence and risk appetite can drive demand for or aversion to bond funds, affecting their trading price.

Fund Flows: Significant inflows can increase demand, potentially raising the price, while outflows can decrease demand, potentially lowering the price.