Performance of Underlying Assets: NMKYX.US's price reflects the value of its holdings, predominantly US stocks. Positive performance boosts the fund's NAV and thus its price.

Market Sentiment: Broad market optimism or pessimism influences investor demand, impacting the fund's price. Bullish sentiment pushes prices up, bearish sentiment down.

Interest Rates: Rising interest rates may make bonds more attractive, potentially drawing investors away from equity funds like NMKYX.US, decreasing demand and price.

Expense Ratio: NMKYX.US's management fee impacts its overall return. Higher expenses reduce the fund's value, potentially affecting its competitiveness and price.

Fund Flows: Inflows into the fund increase demand, potentially pushing up the price. Conversely, outflows decrease demand and can lower the price.

Economic Conditions: Economic growth generally supports corporate earnings and stock prices, benefiting NMKYX.US. Economic downturns can negatively impact the fund.

Inflation: High inflation can erode corporate profits and consumer spending, potentially negatively impacting stock prices and NMKYX.US's value.