Thornburg Ultra Short Income Fund (TLDIX) belongs to the Ultrashort Bond category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with TLDIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TLDIX
TLDIX charges 0.76% annually. There are 58 mutual funds in the Ultrashort Bond category with lower expense ratios, going as low as 0.05%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Conservative Microshort Fund | 0.05% | — | Feb 2021 | TLDIX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | TLDIX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | TLDIX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | TLDIX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | TLDIX vs DFYGX |
Best Risk-Adjusted Alternatives to TLDIX
TLDIX has a PortfoliosLab risk / return rank of 99. There are 7 mutual funds in the Ultrashort Bond category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 100 | — | Mar 2017 | TLDIX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | TLDIX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | TLDIX vs BUBSX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | TLDIX vs PAIPX | |
| Fidelity Series Treasury Bill Index Fund | 100 | — | Aug 2018 | TLDIX vs FHQFX |
Top Performing TLDIX Alternatives (YTD)
TLDIX is at 1.59% YTD. There are 13 mutual funds in the Ultrashort Bond category with higher YTD returns, going as high as 2.15%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Semper Short Duration Fund | 2.15% | — | Dec 2010 | TLDIX vs SEMRX | |
| PIMCO Short Term Fund | 2.03% | — | Oct 1987 | TLDIX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | TLDIX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 1.77% | — | Dec 2006 | TLDIX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 1.77% | — | Mar 2016 | TLDIX vs TSDUX |
Lowest Volatility Alternatives to TLDIX
TLDIX has 1.20% 1-year volatility. There are 22 mutual funds in the Ultrashort Bond category with lower 1-year volatility, going as low as 0.58%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Tactical Multi-Purpose Fund | 0.58% | — | Mar 2017 | TLDIX vs TMPFX | |
| Navigator Ultra Short Term Bond Fund | 0.62% | — | Mar 2019 | TLDIX vs NUSIX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | TLDIX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.67% | — | Sep 1987 | TLDIX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.72% | — | Dec 2013 | TLDIX vs BUBIX |
Lowest Drawdown Alternatives to TLDIX
TLDIX has a 1-year max drawdown of -0.25%. There are 13 mutual funds in the Ultrashort Bond category with shallower 1-year drawdowns, going as shallow as 0.00%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| U.S. Global Investors U.S. Government Ultra-Short ... | 0.00% | — | Dec 2013 | TLDIX vs UGSDX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | TLDIX vs NUSIX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | TLDIX vs FHQFX | |
| Baird Ultra Short Bond Fund | -0.10% | — | Dec 2013 | TLDIX vs BUBSX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | TLDIX vs MUIIX |
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 | 98 | 17.52% | — | Dec 2002 | TLDIX vs TIBIX | |
| Thornburg Investment Income Builder Fund | Global Allocation | 98 | 17.44% | — | Dec 2002 | TLDIX vs TIBAX | |
| Thornburg Global Opportunities Fund | Foreign Large Cap Equities | 91 | 11.06% | — | Jul 2006 | TLDIX vs THOIX | |
| Thornburg Strategic Income Fund | Multisector Bonds | 45 | 0.63% | — | Dec 2007 | TLDIX vs TSIIX | |
| Thornburg Better World International Fund | Foreign Large Cap Equities | 15 | 2.89% | — | Sep 2015 | TLDIX vs TBWIX | |
| Thornburg International Equity Fund | Foreign Large Cap Equities | 49 | 10.51% | — | May 1998 | TLDIX vs TGVAX | |
| Thornburg Strategic Municipal Income Fund | Municipal Bonds | 75 | 2.21% | — | Mar 2009 | TLDIX vs TSSIX | |
| Thornburg Intermediate Municipal Fund | Municipal Bonds | 77 | 1.84% | — | Jul 1991 | TLDIX vs THIMX | |
| Thornburg Limited Term Municipal Fund | Municipal Bonds | 68 | 0.89% | — | Sep 1984 | TLDIX vs LTMFX | |
| Thornburg International Growth Fund | Foreign Large Cap Equities | 19 | 13.15% | — | Jan 2007 | TLDIX vs TINGX |
Often Compared With TLDIX
Investors most often compare TLDIX with FISAX, FAUDX, CUSDX. These 18 comparison targets span 2 categories, based on PortfoliosLab usage data.
Compare TLDIX with Any Fund or Stock
Compare TLDIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TLDIX with funds that move differently
Thornburg Ultra Short Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TLDIX.
Explore TLDIX Diversifiers