Expense Ratio: JSVTX’s expense ratio directly reduces the fund's net asset value (NAV), impacting price. Higher expense ratios lead to lower returns and a lower share price over time.

Underlying Assets Performance: JSVTX invests in specific securities. The performance of these underlying assets (stocks, bonds, etc.) is a primary driver of the fund's NAV and, consequently, its price. Positive performance increases the price, while negative performance decreases it.

Market Sentiment: General investor sentiment towards the asset classes held by JSVTX influences its price. Bullish markets often drive prices higher, while bearish markets can lead to lower prices.

Supply and Demand: The buying and selling pressure of JSVTX shares can influence its market price. High demand generally pushes the price up, while increased selling pressure can lower it. This is more pronounced for ETFs than mutual funds.

Interest Rates: Changes in interest rates affect the value of fixed-income securities held by JSVTX. Rising rates generally decrease bond values and potentially lower the fund’s price.

Economic Conditions: Broad economic factors such as GDP growth, inflation, and unemployment can impact the performance of the companies or sectors JSVTX invests in, ultimately affecting its price.