CATFvsBSMZETF Comparison
VS
American Century California Municipal Bond ETF (CATF) and Invesco BulletShares 2035 Municipal Bond ETF (BSMZ) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. CATF is more expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.18% for BSMZ. CATF is down -0.06% year-to-date (YTD) with +$25M in YTD flows. BSMZ performs worse with -1.23% YTD performance, and +$40M in YTD flows. Run a side-by-side ETF comparison of CATF and BSMZ below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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CATF vs BSMZ performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CATF BSMZ | -0.64%-1.32% | -1.59%-2.77% | -0.06%-1.23% | +4.40%n/a | n/an/a | n/an/a |
| Flows | CATF BSMZ | +$2M+$10M | +$7M+$18M | +$25M+$40M | +$33M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CATF BSMZ | +2.67%+3.24% | +2.53%n/a | n/an/a | n/an/a |
| Max drawdown | CATF BSMZ | -2.39%-3.57% | -2.58%n/a | n/an/a | n/an/a |
| Max drawdown duration | CATF BSMZ | 57d58d | 116dn/a | n/an/a | n/an/a |
Trading data
CATF | BSMZ | |
Last sale 9/3/2026 at 5:03 PM | $49.13 | $24.59 |
| Previous close 09/02/2026 | $48.98 | $24.53 |
| Consolidated volume 09/02/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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CATF
is actively managed and doesn’t replicate an indexCATF | BSMZ | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/3/2026 at 5:03 PM
Live
Closed
CATF | BSMZ | |
|---|---|---|
| Last price | $49.13 | $24.59 |
| 1D performance | +0.31% | +0.25% |
| AuM | $83.15 M | $63.63 M |
| E/R | 0.25% | 0.18% |
Characteristics
CATF | BSMZ | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | American Century Investments | Invesco |
| Benchmark | - | Invesco BulletShares Municipal Bond 2035 Index |
| N° of holdings | 107 | 417 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 18, 2024 | September 17, 2025 |
| ESG | No | No |
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Exposure
Countries
CATF
USA
39.99%
Other
60.01%
BSMZ
USA
41.76%
Other
58.24%
Sectors
CATF
Municipal
39.99%
Other
60.01%
BSMZ
Municipal
41.76%
Other
58.24%
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Diversification
CATF
Total weight of top 15 holdings out of 15
12.56%
BSMZ
Total weight of top 15 holdings out of 15
7.75%
Top 15 holdings
Data as of July 31, 2026
CATF
California, 3.5% 1dec2030, USD
1.46%
Riverside Transportation Commission, 4% 1jun2046, USD
0.95%
California, 4% 1sep2043, USD
0.90%
US684133KT71
0.90%
US13032UN611
0.88%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.85%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.84%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
0.79%
US13048VV394
0.75%
US13032UX453
0.73%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.73%
Desert Community College District, 5% 1aug2051, USD (2016)
0.71%
US544647JV34
0.69%
California Public Works Board, 5% 1sep2033, USD (2024)
0.69%
California Community Choice Financing Authority, 5% 1oct2034, USD (2026G)
0.69%
BSMZ
New York Liberty Development Corp., 5.25% 1oct2035, USD (2005)
0.84%
New York Thruway Authority, 5% 15mar2055, USD (2025B)
0.55%
Massachusetts School Building Authority, 5% 15feb2055, USD (2025)
0.55%
California, 5% 1aug2043, USD
0.53%
Chicago O'Hare International Airport, 5.25% 1jan2061, USD (2026A)
0.53%
City of New York, 5.25% 1feb2050, USD (2025)
0.53%
Minnesota, 5% 1aug2037, USD (2025A)
0.52%
US60637AYQ92
0.51%
US662903J879
0.50%
California Infrastructure and Economic Development Bank, 5.25% 15may2059, USD (2025)
0.48%
US803301DZ09
0.47%
California, 5% 1mar2055, USD
0.46%
Omaha Public Facilities Corp., 5% 15apr2050, USD (2025C)
0.46%
New York Transitional Finance Authority, 5.5% 1may2050, USD (2026)
0.43%
Texas Water Development Board, 5% 15oct2042, USD (2025)
0.42%
Frequently asked questions about CATF and BSMZ
How have the CATF and BSMZ ETFs performed in 2026?
As of September 1, 2026, CATF is down -0.06% year-to-date (YTD), while BSMZ has lost -1.23%. That puts CATF better performer ahead so far this year.
Which ETF is attracting more investor money: CATF or BSMZ?
Year-to-date, the CATF ETF saw +$25M in flows, compared to +$40M for BSMZ.
Which ETF is bigger: CATF or BSMZ?
As of September 1, 2026, CATF holds $83.15 M in assets under management (AUM), while BSMZ manages $63.63 M.
What sectors do the CATF and BSMZ ETFs invest in?
CATF leans toward sectors like Municipal. Meanwhile, BSMZ focuses on Municipal.
What are the top holdings of the CATF ETF and BSMZ ETF?
CATF top holdings include California, 3.5% 1dec2030, USD, Riverside Transportation Commission, 4% 1jun2046, USD and California, 4% 1sep2043, USD. BSMZ holds in its top three: New York Liberty Development Corp., 5.25% 1oct2035, USD (2005), New York Thruway Authority, 5% 15mar2055, USD (2025B) and Massachusetts School Building Authority, 5% 15feb2055, USD (2025).
Which ETF is more diversified: CATF or BSMZ?
CATF holds 303 securities with 12.56% of its assets in the top 15. BSMZ has 1381 securities and a top 15 weight of 7.75%.
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