Fund performance: MKYHX's price is directly tied to its investment performance. Higher returns usually increase demand and price.

Market conditions: Overall market sentiment, economic indicators (inflation, interest rates), and geopolitical events influence investor confidence and affect fund prices.

Asset allocation: MKYHX's specific asset allocation (stocks, bonds, real estate) and sector exposure impact its sensitivity to market fluctuations and therefore its price.

Expense ratio: The fund's expense ratio affects its net return, higher expenses can make the fund less attractive, impacting demand and price.

Fund manager skill: The fund manager's expertise in selecting investments and managing risk influences the fund's performance, which then affects its price.

Investor sentiment: Changes in investor confidence or risk appetite can lead to increased buying or selling pressure, affecting the fund's price.

Liquidity: The liquidity of the underlying assets in the fund portfolio can impact pricing, less liquid assets can result in wider bid-ask spreads and impact NAV.

Redemption pressure: Large redemptions can force the fund manager to sell assets, which could negatively affect the fund's price.

Alternative investment performance: The performance of the alternative investments that MKYHX invests in will greatly affect its price.