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Because bond yields and prices move in opposite directions, October has been a tough month for muni bond fund investors.

Every category of muni bond fund tracked by Morningstar had a positive return in the quarter.

If you’re shopping for a new muni bond fund and are concerned about the AMT, consider one that advertises itself as AMT-free, as many now do.

Through Tuesday, the average California intermediate muni bond fund is up 3.9%, according to Morningstar Inc. The average stock fund is up 0.7%.