Thornburg Limited Term Municipal Fund (LTMFX) belongs to the Municipal Bonds category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with LTMFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to LTMFX
LTMFX charges 0.71% annually. There are 312 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | — | Dec 2015 | LTMFX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | LTMFX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | LTMFX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | LTMFX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | LTMFX vs FSMUX |
Best Risk-Adjusted Alternatives to LTMFX
LTMFX has a PortfoliosLab risk / return rank of 56. There are 417 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | — | Dec 2002 | LTMFX vs ATOIX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | LTMFX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | LTMFX vs DFABX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | LTMFX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | LTMFX vs TFCYX |
Top Performing LTMFX Alternatives (YTD)
LTMFX is at 0.04% YTD. There are 361 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.94%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.94% | — | Apr 1998 | LTMFX vs NMI | |
| BlackRock MuniYield Michigan Quality Fund | 7.21% | — | Oct 1992 | LTMFX vs MIY | |
| Nuveen New York AMT Free Quality Municipal Income | 7.15% | — | Nov 2002 | LTMFX vs NRK | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 4.40% | 12.30B | Sep 1994 | LTMFX vs VTMFX | |
| AllianceBernstein National Municipal Income Fund | 3.80% | — | Nov 2001 | LTMFX vs AFB |
Lowest Volatility Alternatives to LTMFX
LTMFX has 1.68% 1-year volatility. There are 60 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.54%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.54% | — | Aug 2002 | LTMFX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | LTMFX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | LTMFX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.63% | — | May 2016 | LTMFX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.65% | — | May 2016 | LTMFX vs USMTX |
Lowest Drawdown Alternatives to LTMFX
LTMFX has a 1-year max drawdown of -1.96%. There are 73 mutual funds in the Municipal Bonds category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | LTMFX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | LTMFX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | LTMFX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | LTMFX vs FHMIX | |
| DFA Short Term Municipal Bond Portfolio | -0.11% | — | Aug 2002 | LTMFX vs DFSMX |
Other Mutual Funds from Thornburg
The 10 most viewed Thornburg mutual funds shown here include TIBIX, TIBAX, THOIX and span 6 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund Class I | Diversified Portfolio | 98 | 17.74% | — | Dec 2002 | LTMFX vs TIBIX | |
| Thornburg Investment Income Builder Fund | Global Allocation | 98 | 17.63% | — | Dec 2002 | LTMFX vs TIBAX | |
| Thornburg Global Opportunities Fund | Foreign Large Cap Equities | 89 | 10.91% | — | Jul 2006 | LTMFX vs THOIX | |
| Thornburg Strategic Income Fund | Multisector Bonds | 57 | 0.35% | — | Dec 2007 | LTMFX vs TSIIX | |
| Thornburg Better World International Fund | Foreign Large Cap Equities | 30 | 6.05% | — | Sep 2015 | LTMFX vs TBWIX | |
| Thornburg International Equity Fund | Foreign Large Cap Equities | 74 | 13.39% | — | May 1998 | LTMFX vs TGVAX | |
| Thornburg Strategic Municipal Income Fund | Municipal Bonds | 83 | 1.05% | — | Mar 2009 | LTMFX vs TSSIX | |
| Thornburg Intermediate Municipal Fund | Municipal Bonds | 80 | 0.61% | — | Jul 1991 | LTMFX vs THIMX | |
| Thornburg International Growth Fund | Foreign Large Cap Equities | 10 | 5.86% | — | Jan 2007 | LTMFX vs TINGX | |
| Thornburg Small/Mid Cap Core Fund | Large Cap Blend Equities | 19 | 12.38% | — | Oct 1995 | LTMFX vs TVAFX |
Often Compared With LTMFX
Investors most often compare LTMFX with MEAR, TGVIX, MWTIX. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare LTMFX with Any Fund or Stock
Compare LTMFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair LTMFX with funds that move differently
Thornburg Limited Term Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LTMFX.
Explore LTMFX Diversifiers