Underlying Asset Performance: ISJMF tracks an index of Japanese stocks. Therefore, the ETF's price is primarily driven by the overall performance of those constituent stocks. Strong performance in the Japanese stock market will generally lead to an increase in ISJMF's price, while weak performance will likely result in a decrease.

Supply and Demand: Basic economic principles dictate that increased demand for ISJMF shares will push its price higher, while increased supply (selling pressure) will push the price lower. Factors influencing supply and demand can include investor sentiment, macroeconomic events, and news affecting the Japanese economy.

Currency Exchange Rates: As ISJMF invests in Japanese stocks, the exchange rate between the US dollar and the Japanese yen plays a role. A stronger yen relative to the dollar will generally increase the value of ISJMF (as the underlying assets are worth more in dollar terms), while a weaker yen will decrease the value.

Management Fees and Expenses: The ETF's expense ratio, representing the annual fees charged to manage the fund, can subtly impact its overall performance. Higher expense ratios can slightly detract from returns compared to similar ETFs with lower fees.

Investor Sentiment: General investor confidence or fear regarding the Japanese economy or global markets can influence the demand for and price of ISJMF. Positive sentiment can drive investment, increasing the price, while negative sentiment can lead to selling pressure, decreasing the price.