Global Market Conditions: Global economic growth, geopolitical events, and overall investor sentiment significantly impact international stock prices, influencing ICLLX.US.

Currency Exchange Rates: Fluctuations in exchange rates between the US dollar and other currencies, particularly those of countries where ICLLX.US invests, can affect the fund's returns.

Interest Rate Changes: Changes in interest rates set by central banks in major economies can impact investment flows and stock valuations, affecting ICLLX.US.

Company Performance: The financial performance of the individual companies held within ICLLX.US's portfolio directly influences the fund's overall value.

Fund Management Decisions: The investment strategies and stock-picking abilities of the fund's managers play a crucial role in determining its performance.

Sector Performance: The performance of specific industry sectors represented within ICLLX.US's holdings can impact the fund's overall returns.

Inflation Rates: Inflation levels in various countries can affect corporate profitability and consumer spending, influencing the performance of companies held in ICLLX.US.