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 a closer substitute for your current allocation.
Cheapest Alternatives to TSSIX
TSSIX charges 0.59% annually. There are 225 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 | TSSIX vs LSMSX | |
| Vanguard Tax-Managed Balanced Fund Admiral Shares | 0.05% | 12.30B | Sep 1994 | TSSIX vs VTMFX | |
| Federated Hermes Conservative Municipal Microshort... | 0.05% | — | Feb 2021 | TSSIX vs FHMIX | |
| Nuveen Municipal Total Return Managed Accounts | 0.05% | — | May 2007 | TSSIX vs NMTRX | |
| Strategic Advisers Municipal Bond Fund | 0.06% | — | Jun 2021 | TSSIX vs FSMUX |
Best Risk-Adjusted Alternatives to TSSIX
TSSIX has a PortfoliosLab risk / return rank of 75. There are 136 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 | TSSIX vs DFABX | |
| abrdn Ultra Short Municipal Income Fund | 99 | — | Dec 2002 | TSSIX vs ATOIX | |
| DFA California Short Term Municipal Bond Portfolio | 99 | — | Apr 2007 | TSSIX vs DFCMX | |
| DFA NY Municipal Bond Portfolio | 99 | — | Jun 2015 | TSSIX vs DNYMX | |
| DFA Short Term Municipal Bond Portfolio | 99 | — | Aug 2002 | TSSIX vs DFSMX |
Top Performing TSSIX Alternatives (YTD)
TSSIX is at 2.21% YTD. There are 70 mutual funds in the Municipal Bonds category with higher YTD returns, going as high as 13.22%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Nuveen Municipal Income Fund, Inc. | 13.22% | — | Apr 1998 | TSSIX vs NMI | |
| Nuveen New York AMT Free Quality Municipal Income | 9.70% | — | Nov 2002 | TSSIX vs NRK | |
| AllianceBernstein National Municipal Income Fund | 7.62% | — | Nov 2001 | TSSIX vs AFB | |
| BlackRock MuniYield Michigan Quality Fund | 6.57% | — | Oct 1992 | TSSIX vs MIY | |
| Nuveen Virginia Quality Municipal Income Fund | 6.33% | — | Mar 1993 | TSSIX vs NPV |
Lowest Volatility Alternatives to TSSIX
TSSIX has 2.55% 1-year volatility. There are 210 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 | TSSIX vs DFABX | |
| DFA California Short Term Municipal Bond Portfolio | 0.59% | — | Apr 2007 | TSSIX vs DFCMX | |
| JPMorgan Ultra-Short Municipal Fund | 0.59% | — | May 2016 | TSSIX vs USMSX | |
| JPMorgan Ultra-Short Municipal Fund | 0.60% | — | May 2016 | TSSIX vs USMTX | |
| DFA Short Term Municipal Bond Portfolio | 0.61% | — | Aug 2002 | TSSIX vs DFSMX |
Lowest Drawdown Alternatives to TSSIX
TSSIX has a 1-year max drawdown of -2.46%. There are 142 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 | TSSIX vs BATVX | |
| SEI Institutional Managed Trust Tax-Free Conservat... | -0.10% | — | Apr 2016 | TSSIX vs TFCYX | |
| Federated Hermes Conservative Municipal Microshort... | -0.10% | — | Feb 2021 | TSSIX vs FHMIX | |
| abrdn Ultra Short Municipal Income Fund | -0.10% | — | Dec 2002 | TSSIX vs ATOIX | |
| Cavanal Hill Ultra Short Tax-Free Income Fund | -0.10% | — | Dec 2017 | TSSIX vs APUSX |
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 | 17.52% | — | Dec 2002 | TSSIX vs TIBIX | |
| Thornburg Investment Income Builder Fund | Global Allocation | 98 | 17.44% | — | Dec 2002 | TSSIX vs TIBAX | |
| Thornburg Global Opportunities Fund | Foreign Large Cap Equities | 91 | 11.06% | — | Jul 2006 | TSSIX vs THOIX | |
| Thornburg Strategic Income Fund | Multisector Bonds | 45 | 0.63% | — | Dec 2007 | TSSIX vs TSIIX | |
| Thornburg Better World International Fund | Foreign Large Cap Equities | 15 | 2.89% | — | Sep 2015 | TSSIX vs TBWIX | |
| Thornburg International Equity Fund | Foreign Large Cap Equities | 49 | 10.51% | — | May 1998 | TSSIX vs TGVAX | |
| Thornburg Intermediate Municipal Fund | Municipal Bonds | 77 | 1.84% | — | Jul 1991 | TSSIX vs THIMX | |
| Thornburg Limited Term Municipal Fund | Municipal Bonds | 68 | 0.89% | — | Sep 1984 | TSSIX vs LTMFX | |
| Thornburg International Growth Fund | Foreign Large Cap Equities | 19 | 13.15% | — | Jan 2007 | TSSIX vs TINGX | |
| Thornburg Small/Mid Cap Core Fund | Large Cap Blend Equities | 15 | 9.51% | — | Oct 1995 | TSSIX vs TVAFX |
Often Compared With TSSIX
Investors most often compare TSSIX with SGHC, MUC, TLDIX. These 20 comparison targets span 8 categories, based on PortfoliosLab usage data.
Compare TSSIX with Any Fund or Stock
Compare TSSIX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair TSSIX with funds that move differently
Thornburg Strategic Municipal Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to TSSIX.
Explore TSSIX Diversifiers