Underlying Asset Performance: The prices of the underlying assets held by WDMF.AU directly impact its ETF price. A rise in the value of these assets typically leads to an increase in the ETF's price and vice-versa.

Supply and Demand: Market dynamics significantly influence the price. Higher demand than supply tends to push the price up, while greater supply than demand can lead to a price decrease.

Interest Rates: Changes in interest rates can affect investor sentiment and the attractiveness of fixed income investments, potentially impacting the demand for WDMF.AU.

Economic Conditions: Overall economic health, including factors like inflation, GDP growth, and employment rates, can influence investor risk appetite and investment decisions, thereby affecting ETF prices.

Currency Fluctuations: As WDMF.AU may hold assets denominated in other currencies, fluctuations in the Australian dollar relative to those currencies can impact the ETF's price.

Market Sentiment: General investor mood and confidence can drive buying or selling pressure, influencing WDMF.AU's price regardless of its fundamental value.

ETF Structure: The creation and redemption mechanism of ETFs helps maintain the price close to its net asset value, but deviations can occur temporarily.

News and Events: Specific company news or major global events can rapidly impact the prices of the assets held by WDMF.AU and consequently affect its price.