Market Interest Rates: When interest rates rise, bond yields become more attractive, potentially leading investors to sell JSVSX.US, decreasing its price. Conversely, falling rates can increase demand and the price.

Credit Risk: JSVSX.US holds bonds; the perceived creditworthiness of the issuers impacts its price. Downgrades or fears of default lower the fund's value.

Inflation Expectations: Higher inflation erodes the value of fixed-income investments. JSVSX.US's price tends to fall when inflation expectations rise, as investors demand higher yields.

Economic Growth: Strong economic growth can lead to higher interest rates, negatively impacting JSVSX.US. Slower growth may support bond prices.

Fund Management Decisions: The fund manager's choices in selecting bonds and managing the portfolio can influence performance, affecting the fund's price relative to benchmarks.

Investor Sentiment: General investor risk appetite affects demand for bond funds. Risk-averse sentiment increases demand, raising the price; risk-on sentiment decreases it.

Supply and Demand: Basic supply and demand dynamics affect JSVSX.US. More investors buying than selling drives the price up, while more selling than buying pushes it down.

Maturity of Holdings: JSVSX.US's holdings have varying maturities. Longer-maturity bonds are more sensitive to interest rate changes, impacting the fund's price more significantly than shorter-maturity ones.

Liquidity of Holdings: The ease with which JSVSX.US can buy or sell its underlying bonds at fair prices affects its overall valuation. Illiquid holdings can depress the fund's price.

Geopolitical Events: Unexpected global events, such as political instability or crises, can trigger shifts in investor sentiment and influence demand for fixed-income assets like JSVSX.US.

Currency Fluctuations: If JSVSX.US holds bonds denominated in foreign currencies, exchange rate movements can impact the fund's overall value and price in USD.

Changes in Fund Expenses: An increase in the expense ratio charged by JSVSX.US reduces returns to investors, potentially making it less attractive and lowering its price.

Regulatory Changes: New laws or regulations affecting the bond market or investment funds can influence investor behavior and, consequently, the price of JSVSX.US.