Underlying Assets' Performance: TGFI.TO's price is directly influenced by the performance of the underlying U.S. Treasury futures contracts it holds.

Interest Rate Changes: Rising interest rates generally decrease the value of Treasury futures, impacting TGFI.TO negatively, while falling rates tend to increase its value.

Market Sentiment: Investor confidence or fear regarding the U.S. economy and bond market affects demand for TGFI.TO and its price.

Supply and Demand: The balance between buyers and sellers of TGFI.TO shares on the Toronto Stock Exchange determines its market price.

Expense Ratio: TGFI.TO's management fees and operating expenses slightly reduce its overall return and, indirectly, its price.

Tracking Error: Differences between TGFI.TO's performance and the performance of its target index can affect investor perception and its price.

Currency Fluctuations: Changes in the CAD/USD exchange rate can impact the value of TGFI.TO, as its underlying assets are priced in USD.