Fund holdings: WAMVX's price reflects the underlying value of its assets, primarily stocks. If those stock prices rise, so does WAMVX. Conversely, stock price declines hurt WAMVX.

Market sentiment: Overall investor optimism or pessimism significantly impacts fund flows. Positive sentiment attracts investment, driving up demand and price. Negative sentiment causes redemptions and price decreases.

Interest rates: Rising interest rates can make bonds more attractive than stocks, potentially leading to outflows from equity funds like WAMVX and depressing its price. The opposite is true when rates fall.

Economic data: Economic indicators like GDP growth, inflation, and unemployment influence stock valuations. Strong economic data typically boosts stock prices and WAMVX's value. Weaker data can have the opposite effect.

Fund manager decisions: The skill of the fund manager in selecting and managing the portfolio impacts WAMVX's performance. Good investment decisions increase returns, attracting investors and boosting price. Poor decisions lead to underperformance.

Fund expenses: WAMVX's expense ratio reduces overall returns. Higher expenses mean less return for investors, potentially making it less attractive compared to similar lower-cost funds.