Global Market Performance: VTMNX.US invests globally, so international stock market performance significantly impacts its price.

Currency Fluctuations: Changes in currency exchange rates affect the value of the fund's international holdings when translated back to USD.

Interest Rate Changes: Rising or falling interest rates in various countries can influence company valuations and, consequently, the fund's price.

Economic Growth: Global economic growth prospects, particularly in emerging markets, drive investment returns and the fund's value.

Inflation Rates: Varying inflation rates across countries influence company earnings and market sentiment, affecting VTMNX.US.

Geopolitical Events: Political instability, trade wars, or other geopolitical events in different regions can cause market volatility and impact the fund.

Company Performance: The performance of individual companies within the fund's portfolio directly affects its overall price.

Fund Flows: Large inflows or outflows of money into or out of the fund can cause short-term price fluctuations due to buying or selling pressure.

Investor Sentiment: Overall investor optimism or pessimism towards international markets influences demand for and the price of VTMNX.US.

Index Changes: Changes in the fund's benchmark index can lead to portfolio adjustments that impact the fund's price.