Fund Performance: Strong historical returns attract investors, increasing demand and price. Poor performance leads to investor exits, decreasing demand and price.

Interest Rate Changes: Rising interest rates generally decrease bond fund prices as newer bonds offer higher yields. Falling rates often increase bond fund prices.

Credit Risk: Increased concerns about the creditworthiness of bonds held in the fund can lower its price. Reduced credit risk perceptions can increase price.

Inflation Expectations: Higher inflation expectations typically decrease bond prices, lowering the fund's price. Lower expectations often increase bond prices.

Market Sentiment: Overall investor optimism or pessimism towards fixed-income investments can affect demand and the fund's price.

Expense Ratio: Higher expense ratios can negatively impact returns and potentially lower demand, affecting the price negatively.