Global Equity Market Performance: MOEVX.US invests in global equities, so broad market trends impact its price.

Emerging Market Performance: The fund focuses on emerging markets, thus their performance heavily influences its value.

Currency Fluctuations: Exchange rates between the US dollar and other currencies affect returns when converting back to USD.

Economic Growth in Emerging Markets: Stronger economic growth boosts company profits, potentially increasing fund value.

Interest Rate Changes: Interest rate hikes can impact equity valuations, affecting the fund's price.

Geopolitical Risks: Political instability in emerging markets can negatively affect investor sentiment and fund prices.

Commodity Prices: Many emerging economies rely on commodity exports, so price changes affect their economies and the fund.

Inflation Rates: Rising inflation can erode company profits and decrease investor confidence, impacting fund value.

Company-Specific Factors: Individual company performance within the fund's portfolio directly impacts overall returns.