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 444 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 | THNMX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | THNMX vs VTMFX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | THNMX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | THNMX vs FHMIX | |
| 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 75. There are 275 mutual funds in the Municipal Bonds category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 100 | — | Apr 2022 | THNMX vs DFABX | |
| DFA Short Term Municipal Bond Portfolio | 100 | — | Aug 2002 | THNMX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | THNMX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | — | Feb 2021 | THNMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | — | Apr 2016 | THNMX vs TFCYX |
Top Performing THNMX Alternatives (YTD)
THNMX is at 1.16% YTD. There are 376 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.06%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.06% | — | Apr 1998 | THNMX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 10.21% | — | Nov 2002 | THNMX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 8.32% | — | Oct 1992 | THNMX vs MIY | |
| AllianceBernstein National Municipal Income Fund | 6.66% | — | Nov 2001 | THNMX vs AFB | |
| BlackRock MuniHoldings California Quality Fund | 6.62% | — | Feb 1998 | THNMX vs MUC |
Lowest Volatility Alternatives to THNMX
THNMX has 1.88% 1-year volatility. There are 82 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.55%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.55% | — | Aug 2002 | THNMX vs DFSMX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | THNMX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.57% | — | Apr 2007 | THNMX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.58% | — | May 2016 | THNMX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | THNMX vs USMTX |
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 | |
|---|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | — | May 2021 | THNMX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | THNMX vs ATOIX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | THNMX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | THNMX vs TFCYX | |
| DFA Short-Term Selective State Municipal Bond Port... | -0.11% | — | Apr 2022 | THNMX vs DFABX |
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 | |
|---|---|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund Class I | Diversified Portfolio | 97 | 16.15% | — | Dec 2002 | THNMX vs TIBIX | |
| Thornburg Investment Income Builder Fund | Global Allocation | 97 | 16.05% | — | Dec 2002 | THNMX vs TIBAX | |
| Thornburg Global Opportunities Fund | Foreign Large Cap Equities | 86 | 9.76% | — | Jul 2006 | THNMX vs THOIX | |
| Thornburg Better World International Fund | Foreign Large Cap Equities | 17 | 3.73% | — | Sep 2015 | THNMX vs TBWIX | |
| Thornburg Strategic Income Fund | Multisector Bonds | 51 | 0.80% | — | Dec 2007 | THNMX vs TSIIX | |
| Thornburg International Equity Fund | Foreign Large Cap Equities | 45 | 10.20% | — | May 1998 | THNMX vs TGVAX | |
| Thornburg Strategic Municipal Income Fund | Municipal Bonds | 83 | 2.28% | — | Mar 2009 | THNMX vs TSSIX | |
| Thornburg Intermediate Municipal Fund | Municipal Bonds | 82 | 1.84% | — | Jul 1991 | THNMX vs THIMX | |
| Thornburg Limited Term Municipal Fund | Municipal Bonds | 66 | 0.94% | — | Sep 1984 | THNMX vs LTMFX | |
| Thornburg International Growth Fund | Foreign Large Cap Equities | 14 | 11.15% | — | Jan 2007 | THNMX vs TINGX |
Often Compared With THNMX
Investors most often compare THNMX with TVAFX, APUSX, DNYMX. These 8 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Thornburg Small/Mid Cap Core Fund | Large Cap Blend Equities | 17 | 13.24% | — | Oct 1995 | THNMX vs TVAFX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | Municipal Bonds | 19 | 1.00% | — | Dec 2017 | THNMX vs APUSX | |
| DFA NY Municipal Bond Portfolio | Municipal Bonds | 99 | 1.29% | — | Jun 2015 | THNMX vs DNYMX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 88 | 2.22% | — | Jun 2012 | THNMX vs FXIEX | |
| BlackRock MuniYield Pennsylvania Quality Fund | Municipal Bonds | 42 | 4.82% | — | Nov 1992 | THNMX vs MPA | |
| Nuveen Virginia Quality Municipal Income Fund | Municipal Bonds | 29 | 6.33% | — | Mar 1993 | THNMX vs NPV | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 98 | 1.02% | — | Dec 2017 | THNMX vs FGNSX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 70 | 6.57% | — | Mar 1998 | THNMX vs MUJ |
Compare THNMX with Any Fund or Stock
Compare THNMX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
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