CATFvsFLMIETF Comparison
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American Century California Municipal Bond ETF (CATF) and Franklin Dynamic Municipal Bond ETF (FLMI) belong to the same industry segment: Municipal Bonds. CATF's top 1 sector exposures are Municipal. In contrast, FLMI's top sector exposures are Municipal, Consumer Services and Healthcare. CATF is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.3% for FLMI. CATF is down -1.79% year-to-date (YTD) with +$87M in YTD flows. FLMI performs worse with -4.5% YTD performance, and +$1.09B in YTD flows. Run a side-by-side ETF comparison of CATF and FLMI 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 FLMI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/15/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | CATF FLMI | -0.31%-1.00% | -3.60%-5.20% | -1.79%-4.50% | -0.82%-4.32% | n/a+12.42% | n/a-1.40% |
| Flows | CATF FLMI | +$57M-$38M | +$64M+$143M | +$87M+$1.09B | +$92M+$1.40B | -+$2.28B | -+$2.36B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CATF FLMI | +5.09%+5.82% | +3.23%+3.69% | n/a+3.92% | n/a+3.82% |
| Max drawdown | CATF FLMI | -5.87%-7.22% | -6.34%-8.90% | n/a-8.90% | n/a-16.26% |
| Max drawdown duration | CATF FLMI | 92d92d | 101d229d | n/a229d | n/a1340d |
Trading data
CATF | FLMI | |
Last sale 10/19/2026 at 1:30 PM | $47.74 | $23.62 |
| Previous close 10/16/2026 | $47.98 | $23.62 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
CATF | FLMI | |
|---|---|---|
| Last price | $47.74 | $23.62 |
| 1D performance | -0.50% | +0.00% |
| AuM | $143.48 M | $2.31 B |
| E/R | 0.25% | 0.3% |
Characteristics
CATF | FLMI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | American Century Investments | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 109 | 214 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 18, 2024 | August 31, 2017 |
| ESG | No | No |
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Exposure
Countries
CATF
USA
39.08%
Other
60.92%
FLMI
USA
38.36%
Other
61.64%
Sectors
CATF
Municipal
39.08%
Other
60.92%
FLMI
Municipal
38.03%
Other
61.97%
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Diversification
CATF
Total weight of top 15 holdings out of 15
12.15%
FLMI
Total weight of top 15 holdings out of 15
19.5%
Top 15 holdings
Data as of August 31, 2026
CATF
California, 3.5% 1dec2030, USD
1.43%
Riverside Transportation Commission, 4% 1jun2046, USD
0.91%
US684133KT71
0.87%
California, 4% 1sep2043, USD
0.86%
US13032UN611
0.84%
East AWP Joint Powers Authority, 3.125% 1sep2026, USD (2024A)
0.82%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.82%
California Community Choice Financing Authority, 5.25% 1feb2036, USD (2026C)
0.76%
US13048VV394
0.73%
US13032UX453
0.72%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.71%
Desert Community College District, 5% 1aug2051, USD (2016)
0.69%
US544647JV34
0.67%
US13032U6J26
0.67%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024D)
0.67%
FLMI
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
2.08%
Southeast Energy Authority, 5% 1nov2035, USD (2024A)
1.67%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
1.66%
Southeast Energy Authority, 5% 1jan2056, USD (2025A)
1.56%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.53%
Kentucky Public Energy Authority, 5% 1dec2033, USD (2025)
1.51%
US09182TGL52
1.44%
Kentucky Public Energy Authority, 5% 1jun2034, USD (2026)
1.33%
US592250EW01
1.21%
US771902HS55
1.09%
Texas Municipal Gas Acquisition and Supply Corp., 5% 1apr2036, USD (2026)
0.96%
US292723DZ39
0.93%
US717901CC45
0.89%
US60637AFM99
0.85%
Southeast Energy Authority, 5% 1nov2035, USD (2025H)
0.80%
Frequently asked questions about CATF and FLMI
How have the CATF and FLMI ETFs performed in 2026?
As of October 15, 2026, CATF is down -1.79% year-to-date (YTD), while FLMI has lost -4.5%. That puts CATF better performer ahead so far this year.
Which ETF is attracting more investor money: CATF or FLMI?
Year-to-date, the CATF ETF saw +$87M in flows, compared to +$1.09B for FLMI.
Which ETF is more volatile: CATF or FLMI?
Over the past year, CATF had a volatility of 3.23%, while FLMI experienced 3.69%.
Which ETF is bigger: CATF or FLMI?
As of October 15, 2026, CATF holds $143.48 M in assets under management (AUM), while FLMI manages $2.31 B.
What sectors do the CATF and FLMI ETFs invest in?
CATF leans toward sectors like Municipal. Meanwhile, FLMI focuses on Municipal.
What are the top holdings of the CATF ETF and FLMI ETF?
CATF top holdings include California, 3.5% 1dec2030, USD, Riverside Transportation Commission, 4% 1jun2046, USD and US684133KT71. FLMI holds in its top three: Black Belt Energy Gas District, 5% 1oct2035, USD (2025), Southeast Energy Authority, 5% 1nov2035, USD (2024A) and Kentucky Public Energy Authority, 5% 1may2036, USD (2025).
Which ETF is more diversified: CATF or FLMI?
CATF holds 312 securities with 12.15% of its assets in the top 15. FLMI has 1414 securities and a top 15 weight of 19.5%.
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Latest news about CATF & FLMI
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