Stock Market Performance: The general trend of the stock market significantly impacts WSMGX, as it invests in stocks. A rising market usually lifts its price, while a falling market often depresses it.

Interest Rate Changes: Rising interest rates can make bonds more attractive, potentially reducing demand for stock funds like WSMGX and impacting its price negatively.

Company Performance: The performance of the companies held within WSMGX's portfolio directly influences its value. Good earnings and positive news boost the fund.

Investor Sentiment: Overall investor mood and risk appetite affect demand for WSMGX. Positive sentiment increases demand, driving up the price.

Economic Conditions: Economic factors such as GDP growth, inflation, and unemployment can affect corporate profitability and investor confidence, impacting WSMGX's price.

Fund Manager Decisions: The fund manager's investment strategy, stock selection, and trading activity have a direct influence on the fund's performance and price.

Expense Ratio: A higher expense ratio can detract from the fund's returns, making it less attractive compared to lower-cost alternatives, potentially affecting demand and price.