Market Interest Rates: Rising interest rates typically decrease bond values, as newly issued bonds offer higher yields, making older, lower-yielding bonds less attractive.

Economic Growth: A strong economy often leads to higher interest rates and inflation, which can negatively affect bond prices. Conversely, a weak economy might push investors towards bonds, increasing demand and prices.

Inflation Expectations: If investors anticipate higher inflation, they will demand higher yields on bonds to compensate for the erosion of purchasing power, which lowers bond prices. Lower inflation expectations often boost bond values.

Credit Risk: Changes in the perceived creditworthiness of the bond issuers within the fund's portfolio impact its value. Downgrades lower prices; upgrades increase them.

Fund Management: The skill and strategy of the fund's managers in selecting and managing the portfolio of bonds can influence its performance relative to its benchmark.

Supply and Demand: General investor sentiment and demand for bond funds can impact the price of JDVCX. Increased demand drives prices higher; decreased demand pushes them lower.