Fund Performance: Strong historical returns and consistent outperformance relative to its benchmark attract more investment, driving up demand and price.

Interest Rate Changes: Rising interest rates can make bond funds less attractive, potentially lowering the price as investors seek higher yields elsewhere.

Credit Quality: Deterioration in the creditworthiness of underlying bond holdings can negatively impact the fund's net asset value (NAV) and price.

Market Sentiment: Overall investor confidence and risk appetite can influence bond fund flows and subsequently the price, especially during economic uncertainty.

Expense Ratio: A high expense ratio can deter investment, potentially impacting demand and keeping the price lower compared to similar funds with lower fees.

Fund Size: Very large funds might face challenges in generating alpha, while smaller funds can be more volatile, both potentially affecting price.