Global Economic Conditions: Economic growth or recession can influence investor sentiment and the attractiveness of emerging market debt like that held by IEDCX.US.

Interest Rate Movements: Changes in interest rates, particularly in the US, affect the attractiveness of emerging market debt relative to US bonds.

Currency Fluctuations: Currency exchange rates, particularly the US dollar's strength, impact the value of IEDCX.US holdings in local emerging market currencies.

Political and Economic Stability: Political instability, policy changes, or economic crises in emerging market countries can significantly affect debt values.

Credit Ratings: Sovereign credit rating downgrades or upgrades can influence the perceived risk and value of emerging market debt held by the fund.

Investor Sentiment: Market sentiment towards emerging markets influences demand for IEDCX.US, affecting its price.

Fund Management Decisions: The fund manager's investment strategy, security selection, and trading activity affect the fund's performance.

Fund Flows: Inflows or outflows from IEDCX.US can impact the fund's ability to purchase or sell assets at favorable prices.