FTMUvsCATFETF Comparison
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Franklin Municipal Income ETF (FTMU) and American Century California Municipal Bond ETF (CATF) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. FTMU is more expensive with a Total Expense Ratio (TER) of 0.3%, versus 0.25% for CATF. FTMU is down -4.46% year-to-date (YTD) with +$24M in YTD flows. CATF performs better with -1.79% YTD performance, and +$87M in YTD flows. Run a side-by-side ETF comparison of FTMU 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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FTMU vs CATF performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/16/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | FTMU CATF | -1.11%-0.31% | -5.53%-3.60% | -4.46%-1.79% | n/a-0.82% | n/an/a | n/an/a |
| Flows | FTMU CATF | +$26M+$57M | +$692K+$64M | +$24M+$87M | -+$92M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | FTMU CATF | +6.31%+5.09% | n/a+3.23% | n/an/a | n/an/a |
| Max drawdown | FTMU CATF | -7.74%-5.87% | n/a-6.34% | n/an/a | n/an/a |
| Max drawdown duration | FTMU CATF | 92d92d | n/a101d | n/an/a | n/an/a |
Trading data
FTMU | CATF | |
Last sale 10/16/2026 at 1:30 PM | $7.43 | $47.98 |
| Previous close 10/15/2026 | $7.42 | $47.99 |
| 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
FTMU | CATF | |
|---|---|---|
| Last price | $7.43 | $47.98 |
| 1D performance | +0.13% | -0.02% |
| AuM | $472.87 M | $143.48 M |
| E/R | 0.3% | 0.25% |
Characteristics
FTMU | CATF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Franklin Templeton | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 80 | 109 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2025 | July 18, 2024 |
| ESG | No | No |
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Exposure
Countries
FTMU
USA
39.82%
Other
60.18%
CATF
USA
39.08%
Other
60.92%
Sectors
FTMU
Municipal
39.82%
Other
60.18%
CATF
Municipal
39.08%
Other
60.92%
Diversification
FTMU
Total weight of top 15 holdings out of 15
19.19%
CATF
Total weight of top 15 holdings out of 15
12.15%
Top 15 holdings
Data as of August 31, 2026
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%
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 FTMU and CATF
How have the FTMU and CATF ETFs performed in 2026?
As of October 16, 2026, FTMU is down -4.46% year-to-date (YTD), while CATF has lost -1.79%. That puts CATF better performer ahead so far this year.
Which ETF is attracting more investor money: FTMU or CATF?
Year-to-date, the FTMU ETF saw +$24M in flows, compared to +$87M for CATF.
Which ETF is bigger: FTMU or CATF?
As of October 16, 2026, FTMU holds $472.87 M in assets under management (AUM), while CATF manages $143.48 M.
What sectors do the FTMU and CATF ETFs invest in?
FTMU leans toward sectors like Municipal. Meanwhile, CATF focuses on Municipal.
What are the top holdings of the FTMU ETF and CATF ETF?
FTMU top holdings include New York Urban Development Corp., 5% 15mar2044, USD (2023A), US969878AB36 and Metropolitan Washington Airports Authority, 0% 1oct2037, USD (2010A, 9989D). CATF holds in its top three: California, 3.5% 1dec2030, USD, Riverside Transportation Commission, 4% 1jun2046, USD and US684133KT71.
Which ETF is more diversified: FTMU or CATF?
FTMU holds 260 securities with 19.19% of its assets in the top 15. CATF has 312 securities and a top 15 weight of 12.15%.
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