Underlying Asset Performance: The primary driver is the performance of the underlying FTSE Global All Cap ex US Index. Higher index values typically lead to higher VFVA.US prices.

Supply and Demand: Market demand for VFVA.US shares relative to the supply affects its price. Higher demand can push the price above its net asset value (NAV).

Currency Fluctuations: As VFVA.US invests in international stocks, currency exchange rates between the US dollar and foreign currencies impact returns.

Expense Ratio: VFVA.US's expense ratio, though low, reduces returns over time, subtly affecting its price compared to a hypothetical no-expense-ratio fund.

Market Sentiment: Overall investor optimism or pessimism towards international markets can influence demand and, consequently, the price of VFVA.US.

Economic Conditions: Global economic growth, inflation, and interest rates in various countries impact company earnings within the index, and subsequently VFVA.US.

Political Events: Geopolitical events, trade wars, and political instability in countries represented in the underlying index can affect the ETF's price.

Interest Rates: Changes in global interest rates influence the valuation of companies held within the ETF's portfolio, affecting its price.

Fund Flows: Large inflows or outflows of capital into or out of VFVA.US can cause temporary price discrepancies relative to its NAV.

Competition: The performance and expense ratios of similar international ETFs can influence investor preference and affect demand for VFVA.US.