Tactical Multi-Purpose Fund (TMPFX) 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 TMPFX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to TMPFX
TMPFX charges 1.14% annually. There are 65 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 | TMPFX vs FHCOX | |
| DFA One Year Fixed Income Portfolio | 0.13% | — | Jul 1983 | TMPFX vs DFIHX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.15% | — | Dec 2013 | TMPFX vs BUBIX | |
| Six Circles Tax Aware Ultra Short Duration Fund | 0.15% | — | Jul 2018 | TMPFX vs CUTAX | |
| DFA Two-Year Government Portfolio | 0.17% | — | Jun 1996 | TMPFX vs DFYGX |
Best Risk-Adjusted Alternatives to TMPFX
TMPFX has a PortfoliosLab risk / return rank of 100. No mutual funds in the Ultrashort Bond category have higher risk-adjusted ranks; the top alternatives shown here go as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 100 | — | Mar 2019 | TMPFX vs NUSIX | |
| Baird Ultra Short Bond Fund | 100 | — | Dec 2013 | TMPFX vs BUBSX | |
| PIMCO Short Asset Investment Fund | 100 | — | May 2012 | TMPFX vs PAIPX | |
| Fidelity Series Treasury Bill Index Fund | 100 | — | Aug 2018 | TMPFX vs FHQFX | |
| Baird Ultra Short Bond Fund Institutional Class | 100 | — | Dec 2013 | TMPFX vs BUBIX |
Top Performing TMPFX Alternatives (YTD)
TMPFX is at 1.72% YTD. There are 5 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 | TMPFX vs SEMRX | |
| PIMCO Short Term Fund | 2.03% | — | Oct 1987 | TMPFX vs PTSHX | |
| PIMCO Short Asset Investment Fund | 1.80% | — | May 2012 | TMPFX vs PAIPX | |
| SEI Institutional Investments Trust Opportunistic ... | 1.77% | — | Dec 2006 | TMPFX vs ENIAX | |
| Morgan Stanley Pathway Funds Ultra-ShortTerm Fixed... | 1.77% | — | Mar 2016 | TMPFX vs TSDUX |
Lowest Volatility Alternatives to TMPFX
TMPFX has 0.58% 1-year volatility. No mutual funds in the Ultrashort Bond category have lower 1-year volatility; the lowest-volatility alternatives shown here go as low as 0.62%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Navigator Ultra Short Term Bond Fund | 0.62% | — | Mar 2019 | TMPFX vs NUSIX | |
| Baird Ultra Short Bond Fund | 0.65% | — | Dec 2013 | TMPFX vs BUBSX | |
| Permanent Portfolio Short-Term Treasury Portfolio | 0.67% | — | Sep 1987 | TMPFX vs PRTBX | |
| Baird Ultra Short Bond Fund Institutional Class | 0.72% | — | Dec 2013 | TMPFX vs BUBIX | |
| DFA One Year Fixed Income Portfolio | 0.75% | — | Jul 1983 | TMPFX vs DFIHX |
Lowest Drawdown Alternatives to TMPFX
TMPFX has a 1-year max drawdown of -0.10%. There is 1 mutual fund in the Ultrashort Bond category with a shallower 1-year drawdown, 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 | TMPFX vs UGSDX | |
| Navigator Ultra Short Term Bond Fund | -0.10% | — | Mar 2019 | TMPFX vs NUSIX | |
| Fidelity Series Treasury Bill Index Fund | -0.10% | — | Aug 2018 | TMPFX vs FHQFX | |
| Morgan Stanley Institutional Fund Trust Ultra-Shor... | -0.10% | — | Apr 2016 | TMPFX vs MUIIX | |
| PIMCO Short Asset Investment Fund | -0.10% | — | May 2012 | TMPFX vs PAIPX |
Often Compared With TMPFX
Investors most often compare TMPFX with VUSB, VBIRX, BUSIX. These 20 comparison targets span 3 categories, based on PortfoliosLab usage data.
Compare TMPFX with Any Fund or Stock
Compare TMPFX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TMPFX with funds that move differently
Tactical Multi-Purpose Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TMPFX.
Explore TMPFX Diversifiers