Thornburg Short Duration Municipal Fund (TLMIX) 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 TLMIX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TLMIX
TLMIX charges 0.50% annually. There are 153 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 | TLMIX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | TLMIX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | TLMIX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | TLMIX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | 0.00 | Jul 2019 | TLMIX vs FMBIX |
Best Risk-Adjusted Alternatives to TLMIX
TLMIX has a PortfoliosLab risk / return rank of 83. There are 42 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 | TLMIX vs DFABX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | TLMIX vs DNYMX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | TLMIX vs DFCMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | TLMIX vs DFSMX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | TLMIX vs ATOIX |
Top Performing TLMIX Alternatives (YTD)
TLMIX is at 1.01% YTD. There are 377 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 11.65%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 11.65% | — | Apr 1998 | TLMIX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 6.88% | — | Mar 1993 | TLMIX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 6.87% | — | Nov 2002 | TLMIX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 6.20% | — | Nov 2001 | TLMIX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 5.14% | — | Oct 1992 | TLMIX vs MIY |
Lowest Volatility Alternatives to TLMIX
TLMIX has 1.21% 1-year volatility. There are 29 mutual funds in the Municipal Bonds category with lower 1-year volatility, going as low as 0.56%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| DFA Short-Term Selective State Municipal Bond Port... | 0.56% | — | Apr 2022 | TLMIX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | TLMIX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | TLMIX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | TLMIX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | TLMIX vs DFSMX |
Lowest Drawdown Alternatives to TLMIX
TLMIX has a 1-year max drawdown of -1.00%. There are 26 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 | TLMIX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | TLMIX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | TLMIX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | TLMIX vs FHMIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | TLMIX vs TFCYX |
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 | 17.96% | — | Dec 2002 | TLMIX vs TIBIX | |
| Thornburg Investment Income Builder Fund | Global Allocation | 98 | 17.92% | — | Dec 2002 | TLMIX vs TIBAX | |
| Thornburg Global Opportunities Fund | Foreign Large Cap Equities | 94 | 14.72% | — | Jul 2006 | TLMIX vs THOIX | |
| Thornburg Better World International Fund | Foreign Large Cap Equities | 14 | 4.58% | — | Sep 2015 | TLMIX vs TBWIX | |
| Thornburg Strategic Income Fund | Multisector Bonds | 49 | 0.90% | — | Dec 2007 | TLMIX vs TSIIX | |
| Thornburg International Equity Fund | Foreign Large Cap Equities | 46 | 12.18% | — | May 1998 | TLMIX vs TGVAX | |
| Thornburg Strategic Municipal Income Fund | Municipal Bonds | 70 | 1.92% | — | Mar 2009 | TLMIX vs TSSIX | |
| Thornburg Intermediate Municipal Fund | Municipal Bonds | 74 | 1.61% | — | Jul 1991 | TLMIX vs THIMX | |
| Thornburg Small/Mid Cap Core Fund | Large Cap Blend Equities | 17 | 10.62% | — | Oct 1995 | TLMIX vs TVAFX | |
| Thornburg Limited Term Municipal Fund | Municipal Bonds | 68 | 0.82% | — | Sep 1984 | TLMIX vs LTMFX |
Often Compared With TLMIX
Investors most often compare TLMIX with TINGX, MUJ, FGNSX. These 6 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Thornburg International Growth Fund | Foreign Large Cap Equities | 13 | 10.68% | — | Jan 2007 | TLMIX vs TINGX | |
| BlackRock MuniHoldings New Jersey Quality Fund | Municipal Bonds | 44 | 4.64% | — | Mar 1998 | TLMIX vs MUJ | |
| Strategic Advisers Tax-Sensitive Short Duration Fu... | Municipal Bonds | 96 | 0.67% | — | Dec 2017 | TLMIX vs FGNSX | |
| Nuveen Pennsylvania Quality Municipal Income | Municipal Bonds | — | — | — | Feb 1991 | TLMIX vs NQP | |
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 23 | 4.06% | — | Feb 1998 | TLMIX vs MUC | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 78 | 1.81% | — | Jun 2012 | TLMIX vs FXIEX |
Compare TLMIX with Any Fund or Stock
Compare TLMIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TLMIX with funds that move differently
Thornburg Short Duration Municipal Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TLMIX.
Explore TLMIX Diversifiers