[Market Conditions]: Overall market sentiment, economic indicators (like GDP growth, inflation, interest rates), and geopolitical events can significantly impact investor confidence and, consequently, the fund's Net Asset Value (NAV).

[Fund Holdings Performance]: The performance of the underlying assets (stocks, bonds, or other securities) held within the fund directly affects its NAV. Positive performance increases the NAV, while negative performance decreases it.

[Currency Fluctuations]: As an international fund, currency exchange rates between the fund's base currency and the currencies of the assets it holds can influence the fund's returns. A stronger base currency reduces returns, while a weaker one increases them.

[Fund Management Fees]: The fees charged by the fund manager (management fee, performance fee, etc.) are deducted from the fund's assets, thereby reducing its NAV and overall return.

[Investor Demand]: High demand for the fund can drive up its price (especially if it's an ETF trading on an exchange), while increased selling pressure can lead to a price decrease.