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With taxes top of mind in the spring, now’s a natural time to consider the best-performing AMT-free muni bond funds. The larger universe of muni funds generates income that, while exempt from federal income taxes, can still add to a client’s federal AMT calculation. These funds sidestep that, which can be a big consideration for HNW and UHNW clients.

However, for that additional benefit, the funds typically generate lower yields, says Morningstar analyst Ken Oshodi. AMT-free funds underperformed the larger muni category over the past year, Oshodi notes, although they slightly outperformed over the longer-term, especially 10 years.

Scroll through to see the 20 best performing AMT-free touted funds over the past five years. All data from Morningstar.