Factor Name: Net Asset Value (NAV)

Explanation: PRMTX.US's price is directly tied to its NAV, which reflects the market value of its underlying assets (stocks, bonds, etc.) minus liabilities, divided by outstanding shares. Changes in the value of these holdings directly impact the fund's NAV and subsequently its price. Factor Name: Supply and Demand

Explanation: Like any asset, PRMTX.US's price is also influenced by supply and demand. Increased investor demand can push the price above NAV (trading at a premium), while increased selling pressure can cause it to trade below NAV (at a discount). Factor Name: Market Sentiment

Explanation: Overall market sentiment and investor confidence in the specific investment themes pursued by PRMTX.US can significantly affect its price. Bullish market conditions generally lead to higher prices, while bearish sentiment can depress the price. Factor Name: Expense Ratio and Fees

Explanation: Although not directly reflected in the daily price fluctuations, PRMTX.US's expense ratio and other fees (e.g., transaction costs) reduce the fund's net returns, affecting its long-term performance and indirectly influencing its attractiveness to investors and, consequently, its price.