Market Sentiment: Overall investor confidence and appetite for risk influence fund valuations.

Underlying Assets: Performance of the bonds and other assets held within the fund directly impacts its net asset value (NAV).

Interest Rates: Changes in interest rates affect bond yields and fund value; rising rates typically decrease bond fund prices.

Fund Expenses: Management fees, operating costs, and other expenses reduce returns and affect the fund's price.

Economic Conditions: Economic growth, inflation, and unemployment influence bond markets and fund performance.

Credit Risk: The creditworthiness of bond issuers impacts fund value; downgrades can lower prices.

Liquidity: The ease with which fund holdings can be bought or sold affects pricing, especially in stressed markets.

Supply and Demand: Investor flows into or out of the fund can influence its price, particularly for smaller funds.

Currency Fluctuations: For funds holding assets denominated in foreign currencies, exchange rate movements impact returns.

Inflation Expectations: Anticipated inflation influences interest rates and thus bond yields and fund values.