Market Interest Rates: Rising interest rates generally decrease bond prices, as newly issued bonds offer higher yields. PQICX, primarily investing in bonds, is sensitive to these shifts.

Credit Quality of Holdings: Downgrades in credit ratings of bonds held by the fund can lower its net asset value (NAV), decreasing its price.

Economic Conditions: Strong economic growth can lead to inflationary pressures and higher interest rates, negatively impacting bond values. Conversely, economic slowdowns may increase demand for bonds, potentially raising prices.

Fund Management Strategy: Changes in the fund's investment strategy, such as altering duration or sector allocation, can affect its performance and price.

Investor Sentiment: General market optimism or pessimism towards fixed income investments can influence demand for funds like PQICX.

Inflation Expectations: Higher anticipated inflation erodes the real value of fixed income securities, often leading to lower bond prices.

Liquidity of Underlying Assets: Difficulty in selling underlying bond holdings quickly can negatively impact the fund's NAV and price, particularly during market stress.

Fund Flows: Large redemptions may force the fund to sell assets, potentially driving down prices, while inflows can have the opposite effect.

Geopolitical Events: Global political or economic instability can create uncertainty in financial markets, impacting investor behavior and bond prices.