Underlying Asset Performance: The performance of the underlying assets (stocks, bonds, etc.) held by the fund directly impacts its price. Positive performance increases the fund's value, and vice versa.

Market Sentiment: Overall investor confidence and market trends can influence the demand for the fund. Bullish markets often drive up fund prices, while bearish markets lead to price declines.

Interest Rates: Changes in interest rates, especially if the fund invests in fixed-income securities, can affect its price. Rising rates typically decrease bond values, impacting the fund negatively.

Fund Management Fees: The fund's expense ratio and management fees are deducted from its returns, indirectly affecting its price. Higher fees can result in lower overall returns for investors.

Supply and Demand: The basic principles of supply and demand apply to fund pricing. High demand relative to supply can push the price up, while excess supply can depress it.

Currency Fluctuations: If the fund invests in assets denominated in foreign currencies, exchange rate movements can impact its price when converted back to the fund's base currency.