CATFvsFTMUETF Comparison
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American Century California Municipal Bond ETF (CATF) and Franklin Municipal Income ETF (FTMU) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. CATF is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.3% for FTMU. CATF is down -1.79% year-to-date (YTD) with +$87M in YTD flows. FTMU performs worse with -4.46% YTD performance, and +$24M in YTD flows. Run a side-by-side ETF comparison of CATF and FTMU 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 FTMU 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 FTMU | -0.31%-1.11% | -3.60%-5.53% | -1.79%-4.46% | -0.82%n/a | n/an/a | n/an/a |
| Flows | CATF FTMU | +$57M+$26M | +$64M+$692K | +$87M+$24M | +$92M- | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CATF FTMU | +5.09%+6.31% | +3.23%n/a | n/an/a | n/an/a |
| Max drawdown | CATF FTMU | -5.87%-7.74% | -6.34%n/a | n/an/a | n/an/a |
| Max drawdown duration | CATF FTMU | 92d92d | 101dn/a | n/an/a | n/an/a |
Trading data
CATF | FTMU | |
Last sale 10/19/2026 at 1:30 PM | $47.74 | $7.42 |
| Previous close 10/16/2026 | $47.98 | $7.43 |
| 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 | FTMU | |
|---|---|---|
| Last price | $47.74 | $7.42 |
| 1D performance | -0.50% | -0.13% |
| AuM | $143.48 M | $472.87 M |
| E/R | 0.25% | 0.3% |
Characteristics
CATF | FTMU | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | American Century Investments | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 109 | 80 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 18, 2024 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
CATF
USA
39.08%
Other
60.92%
FTMU
USA
39.82%
Other
60.18%
Sectors
CATF
Municipal
39.08%
Other
60.92%
FTMU
Municipal
39.82%
Other
60.18%
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Diversification
CATF
Total weight of top 15 holdings out of 15
12.15%
FTMU
Total weight of top 15 holdings out of 15
19.19%
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%
FTMU
New York Urban Development Corp., 5% 15mar2044, USD (2023A)
2.35%
US969878AB36
1.49%
Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D)
1.41%
Port of Houston Authority, 5% 1oct2048, USD (2023)
1.32%
Triborough Bridge and Tunnel Authority, 5.25% 15may2057, USD (2022A)
1.29%
US31350ACS50
1.25%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
1.17%
South Carolina Jobs-Economic Development Authority, 5.5% 1nov2054, USD (2024A)
1.16%
US25476FA408
1.15%
New York Thruway Authority, 5% 15mar2054, USD (2022C)
1.15%
US97712D8M13
1.12%
US709224DV89
1.12%
US240471PF32
1.11%
California Community Choice Financing Authority, 5% 1mar2036, USD (2026B)
1.10%
US6446147E39
1.01%
Frequently asked questions about CATF and FTMU
How have the CATF and FTMU ETFs performed in 2026?
As of October 15, 2026, CATF is down -1.79% year-to-date (YTD), while FTMU has lost -4.46%. That puts CATF better performer ahead so far this year.
Which ETF is attracting more investor money: CATF or FTMU?
Year-to-date, the CATF ETF saw +$87M in flows, compared to +$24M for FTMU.
Which ETF is bigger: CATF or FTMU?
As of October 15, 2026, CATF holds $143.48 M in assets under management (AUM), while FTMU manages $472.87 M.
What sectors do the CATF and FTMU ETFs invest in?
CATF leans toward sectors like Municipal. Meanwhile, FTMU focuses on Municipal.
What are the top holdings of the CATF ETF and FTMU ETF?
CATF top holdings include California, 3.5% 1dec2030, USD, Riverside Transportation Commission, 4% 1jun2046, USD and US684133KT71. FTMU holds in its top three: New York Urban Development Corp., 5% 15mar2044, USD (2023A), US969878AB36 and Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D).
Which ETF is more diversified: CATF or FTMU?
CATF holds 312 securities with 12.15% of its assets in the top 15. FTMU has 260 securities and a top 15 weight of 19.19%.
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