TAFIvsCATFETF Comparison
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AB Tax-Aware Short Duration Municipal ETF (TAFI) and American Century California Municipal Bond ETF (CATF) belong to the same industry segment: Municipal Bonds. TAFI's top 3 sector exposures are Municipal, Industrials and Consumer Non-Cyclicals. In contrast, CATF's top sector exposures are Municipal. TAFI is more expensive with a Total Expense Ratio (TER) of 0.27%, versus 0.25% for CATF. TAFI is up 0.49% year-to-date (YTD) with +$397M in YTD flows. CATF performs worse with -1.79% YTD performance, and +$87M in YTD flows. Run a side-by-side ETF comparison of TAFI 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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TAFI 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. | TAFI CATF | -0.05%-0.31% | -0.78%-3.60% | +0.49%-1.79% | +0.92%-0.82% | +11.08%n/a | n/an/a |
| Flows | TAFI CATF | +$75M+$57M | +$78M+$64M | +$397M+$87M | +$509M+$92M | +$1.26B- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFI CATF | +2.14%+5.09% | +1.34%+3.23% | +1.47%n/a | n/an/a |
| Max drawdown | TAFI CATF | -2.23%-5.87% | -2.28%-6.34% | -2.28%n/a | n/an/a |
| Max drawdown duration | TAFI CATF | 64d92d | 102d101d | 102dn/a | n/an/a |
Trading data
TAFI | CATF | |
Last sale 10/16/2026 at 1:30 PM | $24.76 | $47.98 |
| Previous close 10/15/2026 | $24.74 | $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
TAFI | CATF | |
|---|---|---|
| Last price | $24.76 | $47.98 |
| 1D performance | +0.08% | -0.02% |
| AuM | $1.44 B | $143.48 M |
| E/R | 0.27% | 0.25% |
Characteristics
TAFI | CATF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AllianceBernstein | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 237 | 109 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2022 | July 18, 2024 |
| ESG | No | No |
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Exposure
Countries
TAFI
USA
38.46%
Other
61.54%
CATF
USA
39.08%
Other
60.92%
Sectors
TAFI
Municipal
37.95%
Other
62.05%
CATF
Municipal
39.08%
Other
60.92%
Diversification
TAFI
Total weight of top 15 holdings out of 15
12.84%
CATF
Total weight of top 15 holdings out of 15
12.15%
Top 15 holdings
Data as of August 31, 2026
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%
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 TAFI and CATF
How have the TAFI and CATF ETFs performed in 2026?
As of October 16, 2026, TAFI is up 0.49% year-to-date (YTD), while CATF has lost -1.79%. That puts TAFI better performer ahead so far this year.
Which ETF is attracting more investor money: TAFI or CATF?
Year-to-date, the TAFI ETF saw +$397M in flows, compared to +$87M for CATF.
Which ETF is more volatile: TAFI or CATF?
Over the past year, TAFI had a volatility of 1.34%, while CATF experienced 3.23%.
Which ETF is bigger: TAFI or CATF?
As of October 16, 2026, TAFI holds $1.44 B in assets under management (AUM), while CATF manages $143.48 M.
What sectors do the TAFI and CATF ETFs invest in?
TAFI leans toward sectors like Municipal. Meanwhile, CATF focuses on Municipal.
What are the top holdings of the TAFI ETF and CATF ETF?
TAFI top holdings include Pennsylvania Economic Development Financing Authority, FRN 15may2053, USD, US040507QB45 and US7485082P22. CATF holds in its top three: California, 3.5% 1dec2030, USD, Riverside Transportation Commission, 4% 1jun2046, USD and US684133KT71.
Which ETF is more diversified: TAFI or CATF?
TAFI holds 691 securities with 12.84% of its assets in the top 15. CATF has 312 securities and a top 15 weight of 12.15%.
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