Issuer's Net Asset Value (NAV): LAPR.US's price mirrors the NAV of its underlying assets, primarily Latin American corporate bonds. Fluctuations in these bonds' values directly impact the ETF's price.

Interest Rate Changes: Rising interest rates can decrease the value of fixed-income assets held by LAPR.US, leading to price declines. Conversely, falling rates can boost bond values and the ETF's price.

Credit Spreads: Widening credit spreads, indicating higher perceived risk of Latin American corporate debt, can lower bond prices within LAPR.US, reducing its market value.

Economic Conditions in Latin America: Economic growth, inflation, and political stability within Latin American countries significantly influence the performance of the corporate bonds LAPR.US holds, affecting its price.

Currency Fluctuations: Changes in exchange rates between the U.S. dollar and Latin American currencies impact the value of the ETF's underlying assets when converted back to USD, thereby affecting the ETF price.

Supply and Demand: Like any security, LAPR.US's price is also determined by market supply and demand. High demand pushes the price upward, while increased selling pressure can cause it to fall.