Net Asset Value (NAV): JNOSX.US's price directly reflects its NAV, calculated by dividing the fund's total assets minus liabilities by the number of outstanding shares.

Market Conditions: Broad market trends, economic news, and investor sentiment influence overall fund demand, impacting JNOSX.US's price.

Underlying Investments: The performance of the securities held within JNOSX.US's portfolio (stocks, bonds, etc.) directly affects its value.

Interest Rates: Changes in interest rates can affect bond valuations within the fund, impacting JNOSX.US's overall price, particularly if it holds fixed-income assets.

Fund Flows: Significant investor inflows or outflows can temporarily influence the fund's price, although NAV is the primary driver.

Management Expertise: The fund manager's skill in selecting and managing investments influences JNOSX.US's long-term performance and price.

Expense Ratio: The fund's operating costs (expense ratio) can subtly affect returns and, consequently, the price of JNOSX.US over time.