Underlying Asset Performance: GBFD.NEO's price mirrors the performance of the underlying global fixed income securities it holds.

Interest Rate Movements: Changes in global interest rates, particularly benchmark rates, impact bond yields and thus GBFD.NEO's price.

Credit Spreads: Widening credit spreads (difference between corporate and government bond yields) decrease GBFD.NEO's price.

Market Sentiment: Overall investor risk appetite influences demand for fixed income and affects GBFD.NEO's trading price.

Supply and Demand: ETF share creation/redemption and trading activity influence GBFD.NEO's market price.

Currency Fluctuations: As GBFD.NEO holds global bonds, currency exchange rates affect returns and thus the ETF's value.

Economic Data Releases: Economic indicators like inflation and GDP growth impact bond yields and therefore GBFD.NEO.

Geopolitical Events: Global political and economic instability can influence market sentiment and affect GBFD.NEO's price.