Factor Performance: The fund's net asset value (NAV) is directly impacted by the performance of its underlying investments. If the assets held within the fund increase in value, the NAV, and therefore the price, will rise. Conversely, if the underlying assets decline, the NAV will fall.

Market Conditions: Broad market trends and economic conditions influence the overall investment climate. Positive economic data, rising investor confidence, and favorable market sentiment can drive up prices, while negative news and uncertainty can cause them to fall.

Interest Rates: Changes in interest rates can affect the value of fixed-income securities within the fund's portfolio. Rising rates typically lead to lower bond prices, and vice-versa, which consequently impacts the NAV.

Currency Fluctuations: If the fund invests in assets denominated in foreign currencies, fluctuations in exchange rates can impact the fund's returns when translated back to the base currency. A stronger base currency reduces returns and a weaker one increases them.

Fund Flows: Large inflows into the fund can put upward pressure on the price, especially if the fund manager needs to deploy the capital quickly. Conversely, significant outflows may force the fund to sell assets, potentially depressing prices.

Management Fees & Expenses: The fund's operating expenses, including management fees, administrative costs, and other charges, are deducted from the fund's assets, reducing the NAV and potentially impacting the price over time.

Investor Sentiment: General investor attitudes and emotions toward specific asset classes or market sectors can influence demand for the fund's units, thereby affecting its price. Positive sentiment can drive prices up, while negative sentiment can cause prices to fall.