CATFvsTAXIETF Comparison
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American Century California Municipal Bond ETF (CATF) and Northern Trust Intermediate Tax-Exempt Bond ETF (TAXI) 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 0.05% for TAXI. CATF is down -1.79% year-to-date (YTD) with +$87M in YTD flows. TAXI performs better with -0.71% YTD performance, and +$204M in YTD flows. Run a side-by-side ETF comparison of CATF and TAXI 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 TAXI 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 TAXI | -0.31%+0.41% | -3.60%-1.50% | -1.79%-0.71% | -0.82%+0.51% | n/an/a | n/an/a |
| Flows | CATF TAXI | +$57M+$81M | +$64M+$126M | +$87M+$204M | +$92M+$247M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | CATF TAXI | +5.09%+3.61% | +3.23%+2.30% | n/an/a | n/an/a |
| Max drawdown | CATF TAXI | -5.87%-3.78% | -6.34%-4.65% | n/an/a | n/an/a |
| Max drawdown duration | CATF TAXI | 92d92d | 101d229d | n/an/a | n/an/a |
Trading data
CATF | TAXI | |
Last sale 10/19/2026 at 1:30 PM | $47.74 | $49.84 |
| Previous close 10/16/2026 | $47.98 | $49.85 |
| Consolidated volume 10/16/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of October 20, 2026
1-year trailing difference
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CATF
is actively managed and doesn’t replicate an indexCATF | TAXI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/19/2026 at 1:30 PM
Live
Closed
CATF | TAXI | |
|---|---|---|
| Last price | $47.74 | $49.84 |
| 1D performance | -0.50% | -0.03% |
| AuM | $143.48 M | $252.16 M |
| E/R | 0.25% | 0.05% |
Characteristics
CATF | TAXI | |
|---|---|---|
| Management strategy | Active | Passive |
| Provider | American Century Investments | Northern Trust |
| Benchmark | - | ICE Intermediate Term Focused Municipal Bond Index |
| N° of holdings | 109 | 908 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 18, 2024 | August 19, 2025 |
| ESG | No | No |
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Exposure
Countries
CATF
USA
39.08%
Other
60.92%
TAXI
USA
39.43%
Other
60.57%
Sectors
CATF
Municipal
39.08%
Other
60.92%
TAXI
Municipal
39.43%
Other
60.57%
Diversification
CATF
Total weight of top 15 holdings out of 15
12.15%
TAXI
Total weight of top 15 holdings out of 15
2.48%
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%
TAXI
Huron Valley School District, 5% 1may2040, USD (2026)
0.20%
US56879EHE23
0.17%
Energy Southeast, 5.5% 1nov2053, USD (2023A-1)
0.17%
Southeast Energy Authority, 5.5% 1jan2053, USD (2022A-1)
0.17%
State of Washington, 5% 1jun2040, USD (2026F)
0.17%
US49151HBK14
0.16%
US64972JB721
0.16%
US46263RTS49
0.16%
US13013JGF75
0.16%
US09182TJE82
0.16%
US79467BKE47
0.16%
Black Belt Energy Gas District, 5% 1may2055, USD (2024)
0.16%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.16%
US915183Z598
0.16%
US09182TCG04
0.16%
Frequently asked questions about CATF and TAXI
How have the CATF and TAXI ETFs performed in 2026?
As of October 15, 2026, CATF is down -1.79% year-to-date (YTD), while TAXI has lost -0.71%. That puts TAXI better performer ahead so far this year.
Which ETF is attracting more investor money: CATF or TAXI?
Year-to-date, the CATF ETF saw +$87M in flows, compared to +$204M for TAXI.
Which ETF is more volatile: CATF or TAXI?
Over the past year, CATF had a volatility of 3.23%, while TAXI experienced 2.3%.
Which ETF is bigger: CATF or TAXI?
As of October 15, 2026, CATF holds $143.48 M in assets under management (AUM), while TAXI manages $252.16 M.
What sectors do the CATF and TAXI ETFs invest in?
CATF leans toward sectors like Municipal. Meanwhile, TAXI focuses on Municipal.
What are the top holdings of the CATF ETF and TAXI ETF?
CATF top holdings include California, 3.5% 1dec2030, USD, Riverside Transportation Commission, 4% 1jun2046, USD and US684133KT71. TAXI holds in its top three: Huron Valley School District, 5% 1may2040, USD (2026), US56879EHE23 and Energy Southeast, 5.5% 1nov2053, USD (2023A-1).
Which ETF is more diversified: CATF or TAXI?
CATF holds 312 securities with 12.15% of its assets in the top 15. TAXI has 2484 securities and a top 15 weight of 2.48%.
Latest news about CATF & TAXI
Ask the Manager: Dave Abner on the Rise of Distributing Ladder ETFs
February 10, 2026
TAXI
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