CATFvsTAFIETF Comparison
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American Century California Municipal Bond ETF (CATF) and AB Tax-Aware Short Duration Municipal ETF (TAFI) belong to the same industry segment: Municipal Bonds. CATF's top 1 sector exposures are Municipal. In contrast, TAFI's top sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. CATF is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.27% for TAFI. CATF is down -1.79% year-to-date (YTD) with +$87M in YTD flows. TAFI performs better with 0.49% YTD performance, and +$397M in YTD flows. Run a side-by-side ETF comparison of CATF and TAFI 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 TAFI 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 TAFI | -0.31%-0.05% | -3.60%-0.78% | -1.79%+0.49% | -0.82%+0.92% | n/a+11.08% | n/an/a |
| Flows | CATF TAFI | +$57M+$75M | +$64M+$78M | +$87M+$397M | +$92M+$509M | -+$1.26B | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CATF TAFI | +5.09%+2.14% | +3.23%+1.34% | n/a+1.47% | n/an/a |
| Max drawdown | CATF TAFI | -5.87%-2.23% | -6.34%-2.28% | n/a-2.28% | n/an/a |
| Max drawdown duration | CATF TAFI | 92d64d | 101d102d | n/a102d | n/an/a |
Trading data
CATF | TAFI | |
Last sale 10/16/2026 at 1:30 PM | $47.98 | $24.76 |
| Previous close 10/15/2026 | $47.99 | $24.74 |
| Consolidated volume 10/15/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/16/2026 at 1:30 PM
Live
Closed
CATF | TAFI | |
|---|---|---|
| Last price | $47.98 | $24.76 |
| 1D performance | -0.02% | +0.08% |
| AuM | $143.48 M | $1.44 B |
| E/R | 0.25% | 0.27% |
Characteristics
CATF | TAFI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | American Century Investments | AllianceBernstein |
| Benchmark | - | - |
| N° of holdings | 109 | 237 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 18, 2024 | September 13, 2022 |
| ESG | No | No |
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Exposure
Countries
CATF
USA
39.08%
Other
60.92%
TAFI
USA
38.46%
Other
61.54%
Sectors
CATF
Municipal
39.08%
Other
60.92%
TAFI
Municipal
37.95%
Other
62.05%
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Diversification
CATF
Total weight of top 15 holdings out of 15
12.15%
TAFI
Total weight of top 15 holdings out of 15
12.84%
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%
TAFI
Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD
1.53%
US040507QB45
1.41%
US7485082P22
1.17%
City of New York, 5% 1feb2032, USD (2026)
1.05%
Colorado Health Facilities Authority, 5% 1sep2032, USD (2025A)
0.83%
US230589AB90
0.81%
Illinois Finance Authority, FRN 15nov2037, USD (2018)
0.77%
Revere, 4% 29jul2027, USD
0.75%
Miami-Dade School District, 4% 7jan2027, USD (2026)
0.74%
US09182TKL07
0.74%
Puerto Rico Sales Tax Financing Corp., 0% 1jul2029, USD (3792D)
0.73%
US745160TD34
0.66%
Orchard Park Central School District, 4% 30apr2027, USD (2026)
0.57%
US67756CGX02
0.57%
City of Los Angeles, 5% 24jun2027, USD (2026)
0.53%
Frequently asked questions about CATF and TAFI
How have the CATF and TAFI ETFs performed in 2026?
As of October 15, 2026, CATF is down -1.79% year-to-date (YTD), while TAFI has returned 0.49%. That puts TAFI better performer ahead so far this year.
Which ETF is attracting more investor money: CATF or TAFI?
Year-to-date, the CATF ETF saw +$87M in flows, compared to +$397M for TAFI.
Which ETF is more volatile: CATF or TAFI?
Over the past year, CATF had a volatility of 3.23%, while TAFI experienced 1.34%.
Which ETF is bigger: CATF or TAFI?
As of October 15, 2026, CATF holds $143.48 M in assets under management (AUM), while TAFI manages $1.44 B.
What sectors do the CATF and TAFI ETFs invest in?
CATF leans toward sectors like Municipal. Meanwhile, TAFI focuses on Municipal.
What are the top holdings of the CATF ETF and TAFI ETF?
CATF top holdings include California, 3.5% 1dec2030, USD, Riverside Transportation Commission, 4% 1jun2046, USD and US684133KT71. TAFI holds in its top three: Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22.
Which ETF is more diversified: CATF or TAFI?
CATF holds 312 securities with 12.15% of its assets in the top 15. TAFI has 691 securities and a top 15 weight of 12.84%.
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