Index Performance: GDIIX mirrors the MSCI ACWI ex USA IMI Index. The index's performance directly influences GDIIX's NAV.

Currency Fluctuations: Since GDIIX invests in non-US equities, currency exchange rates between the USD and foreign currencies impact returns.

Market Sentiment: Global economic and political events can affect investor confidence and trading activity, impacting GDIIX's price.

Expense Ratio: GDIIX's operating expenses reduce its returns. A higher expense ratio leads to lower overall returns for investors.

Fund Flows: Significant inflows or outflows of money into or out of the fund can impact its NAV, particularly for smaller funds.

Management Strategy: The fund manager's investment decisions and ability to track the index efficiently impact GDIIX's returns.

Economic Growth: Economic conditions in developed and emerging markets outside the U.S. significantly influence stock valuations.

Interest Rates: Changes in interest rates globally can affect corporate profitability and investor preferences for equities vs. bonds.

Inflation: Global inflation trends influence corporate earnings and investor expectations, impacting the attractiveness of international stocks.

Geopolitical Risks: International conflicts, political instability, and trade disputes can trigger market volatility and affect GDIIX's value.