THNMX Alternatives & Similar Mutual Funds

Thornburg New Mexico Intermediate Municipal Fund (THNMX) 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 THNMX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.

Cheapest Alternatives to THNMX

THNMX charges 0.99% annually. There are 446 mutual funds in the Municipal Bonds category with lower expense ratios, going as low as 0.01%.

Symbol	Name	Expense Ratio	AUM	Inception
LSMSX	Western Asset SMASh Series TF Fund	0.01%	—	Dec 2015	THNMX vs LSMSX
VTMFX	Vanguard Tax-Managed Balanced Fund Admiral Shares	0.05%	12.30B	Sep 1994	THNMX vs VTMFX
FHMIX	Federated Hermes Conservative Municipal Microshort...	0.05%	—	Feb 2021	THNMX vs FHMIX
NMTRX	Nuveen Municipal Total Return Managed Accounts	0.05%	—	May 2007	THNMX vs NMTRX
FSMUX	Strategic Advisers Municipal Bond Fund	0.06%	—	Jun 2021	THNMX vs FSMUX

Best Risk-Adjusted Alternatives to THNMX

THNMX has a PortfoliosLab risk / return rank of 74. There are 171 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.

Symbol	Name	Risk / Return Rank	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	100	—	Apr 2022	THNMX vs DFABX
ATOIX	abrdn Ultra Short Municipal Income Fund	99	—	Dec 2002	THNMX vs ATOIX
DFCMX	DFA California Short Term Municipal Bond Portfolio	99	—	Apr 2007	THNMX vs DFCMX
DNYMX	DFA NY Municipal Bond Portfolio	99	—	Jun 2015	THNMX vs DNYMX
DFSMX	DFA Short Term Municipal Bond Portfolio	99	—	Aug 2002	THNMX vs DFSMX

Top Performing THNMX Alternatives (YTD)

THNMX is at 1.24% YTD. There are 322 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.

Symbol	Name	YTD Return	AUM	Inception
NMI	Nuveen Municipal Income Fund, Inc.	13.22%	—	Apr 1998	THNMX vs NMI
NRK	Nuveen New York AMT Free Quality Municipal Income	9.70%	—	Nov 2002	THNMX vs NRK
AFB	AllianceBernstein National Municipal Income Fund	7.62%	—	Nov 2001	THNMX vs AFB
MIY	BlackRock MuniYield Michigan Quality Fund	6.57%	—	Oct 1992	THNMX vs MIY
NPV	Nuveen Virginia Quality Municipal Income Fund	6.33%	—	Mar 1993	THNMX vs NPV

Lowest Volatility Alternatives to THNMX

THNMX has 1.89% 1-year volatility. There are 85 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.

Symbol	Name	Volatility 1Y	AUM	Inception
DFABX	DFA Short-Term Selective State Municipal Bond Port...	0.56%	—	Apr 2022	THNMX vs DFABX
DFCMX	DFA California Short Term Municipal Bond Portfolio	0.59%	—	Apr 2007	THNMX vs DFCMX
USMSX	JPMorgan Ultra-Short Municipal Fund	0.59%	—	May 2016	THNMX vs USMSX
USMTX	JPMorgan Ultra-Short Municipal Fund	0.60%	—	May 2016	THNMX vs USMTX
DFSMX	DFA Short Term Municipal Bond Portfolio	0.61%	—	Aug 2002	THNMX vs DFSMX

Lowest Drawdown Alternatives to THNMX

THNMX has a 1-year max drawdown of -1.99%. There are 77 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
BATVX	BlackRock Allocation Target Shares	0.00%	—	May 2021	THNMX vs BATVX
ATOIX	abrdn Ultra Short Municipal Income Fund	-0.10%	—	Dec 2002	THNMX vs ATOIX
APUSX	Cavanal Hill Ultra Short Tax-Free Income Fund	-0.10%	—	Dec 2017	THNMX vs APUSX
TFCYX	SEI Institutional Managed Trust Tax-Free Conservat...	-0.10%	—	Apr 2016	THNMX vs TFCYX
FHMIX	Federated Hermes Conservative Municipal Microshort...	-0.10%	—	Feb 2021	THNMX vs FHMIX

Other Mutual Funds from Thornburg

The 10 most viewed Thornburg mutual funds shown here include TIBIX, TIBAX, THOIX and span 5 categories.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TIBIX	Thornburg Investment Income Builder Fund Class I	Diversified Portfolio	98	17.52%	—	Dec 2002	THNMX vs TIBIX
TIBAX	Thornburg Investment Income Builder Fund	Global Allocation	98	17.44%	—	Dec 2002	THNMX vs TIBAX
THOIX	Thornburg Global Opportunities Fund	Foreign Large Cap Equities	91	11.06%	—	Jul 2006	THNMX vs THOIX
TSIIX	Thornburg Strategic Income Fund	Multisector Bonds	45	0.63%	—	Dec 2007	THNMX vs TSIIX
TBWIX	Thornburg Better World International Fund	Foreign Large Cap Equities	15	2.89%	—	Sep 2015	THNMX vs TBWIX
TGVAX	Thornburg International Equity Fund	Foreign Large Cap Equities	49	10.51%	—	May 1998	THNMX vs TGVAX
TSSIX	Thornburg Strategic Municipal Income Fund	Municipal Bonds	75	2.21%	—	Mar 2009	THNMX vs TSSIX
THIMX	Thornburg Intermediate Municipal Fund	Municipal Bonds	77	1.84%	—	Jul 1991	THNMX vs THIMX
LTMFX	Thornburg Limited Term Municipal Fund	Municipal Bonds	68	0.89%	—	Sep 1984	THNMX vs LTMFX
TINGX	Thornburg International Growth Fund	Foreign Large Cap Equities	19	13.15%	—	Jan 2007	THNMX vs TINGX

Often Compared With THNMX

Investors most often compare THNMX with TVAFX, FXIEX, MPA. These 5 comparison targets span 2 categories, based on PortfoliosLab usage data.

Symbol	Name	Category	Risk / Return Rank	YTD Return	AUM	Inception
TVAFX	Thornburg Small/Mid Cap Core Fund	Large Cap Blend Equities	15	9.51%	—	Oct 1995	THNMX vs TVAFX
FXIEX	PIMCO Fixed Income SHares: Series TE	Municipal Bonds	78	1.81%	—	Jun 2012	THNMX vs FXIEX
MPA	BlackRock MuniYield Pennsylvania Quality Fund	Municipal Bonds	29	4.22%	—	Nov 1992	THNMX vs MPA
MUJ	BlackRock MuniHoldings New Jersey Quality Fund	Municipal Bonds	51	5.45%	—	Mar 1998	THNMX vs MUJ
FGNSX	Strategic Advisers Tax-Sensitive Short Duration Fu...	Municipal Bonds	97	0.77%	—	Dec 2017	THNMX vs FGNSX

Compare THNMX with Any Fund or Stock

Compare THNMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.

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Diversifiers

Pair THNMX with funds that move differently

Thornburg New Mexico Intermediate Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to THNMX.

Explore THNMX Diversifiers

Thornburg New Mexico Intermediate Municipal Fund (THNMX) Alternatives