FLMIvsCATFETF Comparison
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Franklin Dynamic Municipal Bond ETF (FLMI) and American Century California Municipal Bond ETF (CATF) belong to the same industry segment: Municipal Bonds. FLMI's top 3 sector exposures are Municipal, Consumer Services and Healthcare. In contrast, CATF's top sector exposures are Municipal. FLMI is more expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.25% for CATF. FLMI is down -3.16% year-to-date (YTD) with +$1.13B in YTD flows. CATF performs better with -0.64% YTD performance, and +$96M in YTD flows. Run a side-by-side ETF comparison of FLMI and CATF 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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FLMI vs CATF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FLMI CATF | +1.21%+1.50% | -2.59%-0.98% | -3.16%-0.64% | -3.27%-0.14% | +15.37%n/a | +0.32%n/a |
| Flows | FLMI CATF | +$30M+$38M | +$164M+$74M | +$1.13B+$96M | +$1.42B+$101M | +$2.32B- | +$2.40B- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FLMI CATF | +6.05%+5.16% | +3.83%+3.33% | +3.94%n/a | +3.85%n/a |
| Max drawdown | FLMI CATF | -6.74%-5.48% | -8.90%-6.34% | -8.90%n/a | -16.26%n/a |
| Max drawdown duration | FLMI CATF | 71d71d | 236d109d | 236dn/a | 1340dn/a |
Trading data
FLMI | CATF | |
Last sale 10/23/2026 at 1:30 PM | $23.93 | $48.47 |
| Previous close 10/22/2026 | $23.89 | $48.39 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
FLMI | CATF | |
|---|---|---|
| Last price | $23.93 | $48.47 |
| 1D performance | +0.17% | +0.18% |
| AuM | $2.38 B | $154.83 M |
| E/R | 0.3% | 0.25% |
Characteristics
FLMI | CATF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 214 | 109 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | August 31, 2017 | July 18, 2024 |
| ESG | No | No |
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Exposure
Countries
FLMI
USA
38.36%
Other
61.64%
CATF
USA
39.08%
Other
60.92%
Sectors
FLMI
Municipal
38.03%
Other
61.97%
CATF
Municipal
39.08%
Other
60.92%
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Diversification
FLMI
Total weight of top 15 holdings out of 15
19.5%
CATF
Total weight of top 15 holdings out of 15
12.15%
Top 15 holdings
Data as of August 31, 2026
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%
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%
Frequently asked questions about FLMI and CATF
How have the FLMI and CATF ETFs performed in 2026?
As of October 23, 2026, FLMI is down -3.16% year-to-date (YTD), while CATF has lost -0.64%. That puts CATF better performer ahead so far this year.
Which ETF is attracting more investor money: FLMI or CATF?
Year-to-date, the FLMI ETF saw +$1.13B in flows, compared to +$96M for CATF.
Which ETF is more volatile: FLMI or CATF?
Over the past year, FLMI had a volatility of 3.83%, while CATF experienced 3.33%.
Which ETF is bigger: FLMI or CATF?
As of October 23, 2026, FLMI holds $2.38 B in assets under management (AUM), while CATF manages $154.83 M.
What sectors do the FLMI and CATF ETFs invest in?
FLMI leans toward sectors like Municipal. Meanwhile, CATF focuses on Municipal.
What are the top holdings of the FLMI ETF and CATF ETF?
FLMI top holdings include 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). CATF holds in its top three: California, 3.5% 1dec2030, USD, Riverside Transportation Commission, 4% 1jun2046, USD and US684133KT71.
Which ETF is more diversified: FLMI or CATF?
FLMI holds 1414 securities with 19.5% of its assets in the top 15. CATF has 312 securities and a top 15 weight of 12.15%.
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Latest news about FLMI & CATF
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