Net Asset Value (NAV): JEMVX's price reflects its NAV, calculated daily by dividing the fund's total assets (investments, cash) minus liabilities by the number of outstanding shares.

Underlying Bond Market: Changes in interest rates, credit spreads, and overall bond market conditions significantly impact the value of the bonds held by JEMVX, thus affecting its NAV and price.

Fund Flows: Large inflows or outflows of investor money can influence JEMVX's NAV. Significant inflows might require the fund to purchase more bonds, potentially at less favorable prices, while large outflows might force the fund to sell bonds, possibly at a discount.

Management Fees & Expenses: JEMVX's expense ratio, which covers management fees and operating costs, directly reduces the fund's returns and indirectly impacts its price.

Credit Quality of Holdings: Downgrades or perceived deterioration in the creditworthiness of the bonds held within JEMVX can negatively affect their market value and the fund's overall price.

Economic Conditions: Broad economic factors such as inflation, economic growth, and unemployment can influence interest rate expectations and the overall bond market, consequently impacting JEMVX's value.

Currency Fluctuations: As JEMVX invests in emerging market debt, fluctuations in currency exchange rates between the U.S. dollar and the currencies of the countries where it invests can affect the fund's returns and price.

Emerging Market Risks: Political instability, regulatory changes, and economic volatility in emerging markets can create uncertainty and impact the value of the bonds held by JEMVX.