Global X Funds - Global X Funds ICAV - Global X TargetYield Plus ETF's (GXPLF.US) price is influenced by several factors. Underlying Bond Market Conditions: Changes in interest rates, credit spreads, and overall bond market sentiment directly impact the value of the ETF's holdings. When interest rates rise, bond prices, and consequently the ETF's NAV, tend to fall. ETF Structure: The ETF's specific investment strategy, which likely involves a target yield component and the selection of bonds to achieve this yield, affects its performance. Changes in this strategy or the ability to meet the target yield can influence investor demand. Supply and Demand: General market dynamics, including investor sentiment towards fixed income assets and the specific demand for target yield ETFs, drive buying and selling pressure, affecting the market price. Credit Risk of Holdings: Downgrades or concerns about the creditworthiness of the bonds held within the ETF's portfolio will negatively affect its value. Conversely, upgrades can provide a boost.