Thornburg Strategic Municipal Income Fund (TSSIX) Alternatives
Thornburg Strategic Municipal Income Fund (TSSIX) 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 TSSIX. Use the tables to find lower-cost options, better risk-adjusted returns, or funds that fit a different role in your portfolio.
Cheapest Alternatives to TSSIX
TSSIX charges 0.59% annually. Among mutual funds in the Municipal Bonds category, these options have the lowest expense ratios among TSSIX alternatives.
| Symbol | Name | Expense Ratio | Inception | |
|---|---|---|---|---|
| Western Asset SMASh Series TF Fund | 0.01% | Dec 22, 2015 | TSSIX vs LSMSX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | May 30, 2007 | TSSIX vs NMTRX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | Feb 2, 2021 | TSSIX vs FHMIX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | Jun 24, 2021 | TSSIX vs FSMUX | |
| Fidelity Municipal Bond Index Fund | 0.07% | Jul 11, 2019 | TSSIX vs FMBIX |
Best Risk-Adjusted Alternatives to TSSIX
Among mutual funds in the Municipal Bonds category, these options rank highest on PortfoliosLab's risk-adjusted score, which accounts for volatility, drawdown, and return consistency over a 1-year period.
| Symbol | Name | Risk / Return Rank | Inception | |
|---|---|---|---|---|
| abrdn Ultra Short Municipal Income Fund | 100 | Dec 4, 2002 | TSSIX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | 99 | Apr 21, 2016 | TSSIX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | 99 | Dec 25, 2017 | TSSIX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | 99 | Feb 2, 2021 | TSSIX vs FHMIX | |
| JPMorgan Ultra-Short Municipal Fund | 99 | May 30, 2016 | TSSIX vs USMTX |
Top Performing TSSIX Alternatives (YTD)
TSSIX alternatives from the Municipal Bonds category, sorted by year-to-date return.
| Symbol | Name | YTD Return | Inception | |
|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 6.43% | Apr 20, 1998 | TSSIX vs NMI | |
| Nuveen Virginia Quality Municipal Income Fund | 4.12% | Mar 18, 1993 | TSSIX vs NPV | |
| Nuveen New York AMT Free Quality Municipal Income | 3.25% | Nov 21, 2002 | TSSIX vs NRK | |
| BlackRock MuniYield Michigan Quality Fund | 2.55% | Oct 30, 1992 | TSSIX vs MIY | |
| Nuveen Pennsylvania Quality Municipal Income | 2.31% | Feb 21, 1991 | TSSIX vs NQP |
Lowest Volatility Alternatives to TSSIX
TSSIX alternatives from the Municipal Bonds category, sorted by annualized volatility over the past year.
| Symbol | Name | Volatility 1Y | Inception | |
|---|---|---|---|---|
| DFA Short Term Municipal Bond Portfolio | 0.68% | Aug 19, 2002 | TSSIX vs DFSMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.69% | May 31, 2016 | TSSIX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.70% | May 30, 2016 | TSSIX vs USMTX | |
| DFA Short-Term Selective State Municipal Bond Port... | 0.71% | Apr 11, 2022 | TSSIX vs DFABX | |
| BlackRock Allocation Target Shares | 0.76% | May 20, 2021 | TSSIX vs BATVX |
Lowest Drawdown Alternatives to TSSIX
TSSIX alternatives from the Municipal Bonds category, sorted by maximum drawdown over the past year.
| Symbol | Name | Max Drawdown 1Y | Inception | |
|---|---|---|---|---|
| BlackRock Allocation Target Shares | 0.00% | May 20, 2021 | TSSIX vs BATVX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | Dec 4, 2002 | TSSIX vs ATOIX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | Apr 21, 2016 | TSSIX vs TFCYX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.20% | Dec 25, 2017 | TSSIX vs APUSX | |
| Federated Hermes Conservative Municipal Microshort... | -0.20% | Feb 2, 2021 | TSSIX vs FHMIX |
Other Mutual Funds from Thornburg
Most popular Thornburg mutual funds on PortfoliosLab, across asset classes.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Thornburg Investment Income Builder Fund | Global Allocation | 98 | 7.98% | Dec 23, 2002 | TSSIX vs TIBAX | |
| Thornburg Investment Income Builder Fund Class I | Diversified Portfolio | 98 | 8.00% | Dec 24, 2002 | TSSIX vs TIBIX | |
| Thornburg International Equity Fund | Foreign Large Cap Equities | 79 | 0.56% | May 28, 1998 | TSSIX vs TGVAX | |
| Thornburg Strategic Income Fund | Multisector Bonds | 85 | -0.55% | Dec 18, 2007 | TSSIX vs TSIIX | |
| Thornburg Better World International Fund | Foreign Large Cap Equities | 31 | -5.82% | Sep 30, 2015 | TSSIX vs TBWIX | |
| Thornburg Global Opportunities Fund | Foreign Large Cap Equities | 94 | 1.01% | Jul 28, 2006 | TSSIX vs THOIX | |
| Thornburg Intermediate Municipal Fund | Municipal Bonds | 59 | -0.45% | Jul 21, 1991 | TSSIX vs THIMX | |
| Thornburg International Growth Fund | Foreign Large Cap Equities | 9 | -6.59% | Jan 31, 2007 | TSSIX vs TINGX | |
| Thornburg Limited Term Municipal Fund | Municipal Bonds | 76 | -0.28% | Sep 27, 1984 | TSSIX vs LTMFX | |
| Thornburg Small/Mid Cap Core Fund | Large Cap Blend Equities | 22 | 0.18% | Oct 2, 1995 | TSSIX vs TVAFX |
Often Compared With TSSIX
What investors most often compare with TSSIX, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | Inception | |
|---|---|---|---|---|---|---|
| Super Group (SGHC) Limited | 80 | -6.74% | — | TSSIX vs SGHC | ||
| BlackRock MuniHoldings California Quality Fund | Municipal Bonds | 12 | -0.42% | Feb 27, 1998 | TSSIX vs MUC | |
| Thornburg International Equity I | Foreign Large Cap Equities | 78 | 0.62% | Mar 30, 2001 | TSSIX vs TGVIX | |
| Thornburg Developing World Fund | Emerging Markets Diversified | 81 | 0.07% | Dec 15, 2009 | TSSIX vs THDIX | |
| Blackrock 2037 Municipal Target Term Trust | Municipal Bonds | 27 | 0.14% | Oct 28, 2022 | TSSIX vs BMN | |
| DFA Municipal Real Return Portfolio | Municipal Bonds | 94 | 1.10% | Nov 3, 2014 | TSSIX vs DMREX | |
| Fidelity Conservative Income Municipal Bond Fund I... | Municipal Bonds | 99 | 0.30% | Oct 15, 2013 | TSSIX vs FMNDX | |
| PIMCO Fixed Income SHares: Series TE | Municipal Bonds | 28 | -0.72% | Jun 24, 2012 | TSSIX vs FXIEX |
Compare TSSIX with Any Fund or Stock
Compare TSSIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.