Global Market Conditions: General economic sentiment, geopolitical events, and investor confidence in global markets can influence the fund's performance.

Interest Rate Movements: Changes in interest rates affect fixed-income securities held by the fund, potentially impacting its overall value.

Credit Quality: The creditworthiness of the companies and governments whose bonds are held by the fund influences the fund's stability and returns.

Currency Fluctuations: As an international fund, currency exchange rates between the US dollar and other currencies can significantly affect the fund's value.

Fund Manager's Decisions: Investment decisions made by the fund manager, such as asset allocation and security selection, directly impact the fund's performance.

Expense Ratio: The fund's expense ratio, which covers management fees and operating costs, reduces the net return to investors.

Supply and Demand: Market demand for the fund's shares can influence its price, especially during periods of high volatility.

Inflation: Rising inflation can erode the real value of fixed-income investments, potentially impacting the fund's performance.