Fund holdings: The underlying assets, such as stocks or bonds, held by the fund directly impact its Net Asset Value (NAV) and thus, price.

Market conditions: Broad economic trends, investor sentiment, and overall market performance significantly influence the fund's valuation.

Interest rates: Changes in interest rates, especially if the fund invests in fixed-income securities, can affect bond prices and overall fund value.

Fund management: The skill and strategies employed by the fund manager in selecting investments and managing risk play a crucial role.

Expense ratio: The fund's operating costs, including management fees, influence investor returns and indirectly affect the fund's appeal and price.

Supply and demand: Like any investment, the balance between investor demand for and supply of fund shares impacts the market price.

Currency fluctuations: If the fund holds assets denominated in foreign currencies, exchange rate movements can affect the fund's value in the base currency.