Global Equity Market Performance: Strong global equity markets typically boost GSDCX.US, while downturns pressure it.

Emerging Markets Performance: GSDCX.US focuses on emerging markets; their economic health significantly impacts fund value.

Currency Fluctuations: Currency exchange rates, particularly the USD versus emerging market currencies, influence returns.

Interest Rate Movements: Interest rate changes in emerging markets affect the valuation of companies within GSDCX.US.

Fund Manager's Investment Strategy: The fund manager's decisions on stock selection and asset allocation drive performance.

Economic Growth Outlook: Positive economic growth forecasts in emerging markets generally improve fund performance.

Political and Regulatory Risks: Political instability or unfavorable regulations in emerging markets can negatively impact GSDCX.US.

Commodity Prices: Some emerging markets heavily rely on commodities; fluctuations impact their economies and GSDCX.US.

Investor Sentiment: Overall investor attitude towards emerging markets influences the demand and price of GSDCX.US shares.