TAFMvsCATFETF Comparison
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AB Tax-Aware Intermediate Municipal ETF (TAFM) and American Century California Municipal Bond ETF (CATF) belong to the same industry segment: Municipal Bonds. TAFM's top 2 sector exposures are Municipal and Industrials. In contrast, CATF's top sector exposures are Municipal. TAFM is more expensive with a Total Expense Ratio (TER) of 0.28%, versus 0.25% for CATF. TAFM is down -1.88% year-to-date (YTD) with +$650M in YTD flows. CATF performs better with -1.79% YTD performance, and +$87M in YTD flows. Run a side-by-side ETF comparison of TAFM 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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TAFM 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. | TAFM CATF | -0.42%-0.31% | -3.59%-3.60% | -1.88%-1.79% | -1.37%-0.82% | n/an/a | n/an/a |
| Flows | TAFM CATF | +$286M+$57M | +$420M+$64M | +$650M+$87M | +$724M+$92M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAFM CATF | +5.25%+5.09% | +3.27%+3.23% | n/an/a | n/an/a |
| Max drawdown | TAFM CATF | -6.00%-5.87% | -6.61%-6.34% | n/an/a | n/an/a |
| Max drawdown duration | TAFM CATF | 92d92d | 102d101d | n/an/a | n/an/a |
Trading data
TAFM | CATF | |
Last sale 10/16/2026 at 1:30 PM | $24.29 | $47.98 |
| Previous close 10/15/2026 | $24.23 | $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
TAFM | CATF | |
|---|---|---|
| Last price | $24.29 | $47.98 |
| 1D performance | +0.25% | -0.02% |
| AuM | $1.07 B | $143.48 M |
| E/R | 0.28% | 0.25% |
Characteristics
TAFM | CATF | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | AllianceBernstein | American Century Investments |
| Benchmark | - | - |
| N° of holdings | 253 | 109 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | December 13, 2023 | July 18, 2024 |
| ESG | No | No |
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Exposure
Countries
TAFM
USA
41.1%
Other
58.9%
CATF
USA
39.08%
Other
60.92%
Sectors
TAFM
Municipal
40.89%
Other
59.11%
CATF
Municipal
39.08%
Other
60.92%
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Diversification
TAFM
Total weight of top 15 holdings out of 15
7.34%
CATF
Total weight of top 15 holdings out of 15
12.15%
Top 15 holdings
Data as of August 31, 2026
TAFM
Idaho, 4% 30jun2027, USD (2026)
0.67%
US915260FV02
0.66%
Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B)
0.57%
California Community Choice Financing Authority, 5% 1apr2056, USD (2026A-1)
0.49%
Kentucky Public Energy Authority, 5% 1may2036, USD (2025)
0.48%
Chicago Transit Authority, 5% 1dec2049, USD (2024A)
0.47%
US7485082P22
0.47%
New York Transitional Finance Authority, 5.25% 1may2055, USD (2026)
0.47%
US646140KU60
0.47%
US04780M7G87
0.46%
Wisconsin Public Finance Authority, 6.5% 30jun2060, USD (2025)
0.45%
California Community Choice Financing Authority, 5% 1aug2055, USD (2024C)
0.44%
US544446AS64
0.42%
Vail, 5.5% 1dec2064, USD (2025)
0.42%
New York Transportation Development Corp., 6% 30jun2059, USD (2025)
0.41%
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 TAFM and CATF
How have the TAFM and CATF ETFs performed in 2026?
As of October 16, 2026, TAFM is down -1.88% 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: TAFM or CATF?
Year-to-date, the TAFM ETF saw +$650M in flows, compared to +$87M for CATF.
Which ETF is more volatile: TAFM or CATF?
Over the past year, TAFM had a volatility of 3.27%, while CATF experienced 3.23%.
Which ETF is bigger: TAFM or CATF?
As of October 16, 2026, TAFM holds $1.07 B in assets under management (AUM), while CATF manages $143.48 M.
What sectors do the TAFM and CATF ETFs invest in?
TAFM leans toward sectors like Municipal. Meanwhile, CATF focuses on Municipal.
What are the top holdings of the TAFM ETF and CATF ETF?
TAFM top holdings include Idaho, 4% 30jun2027, USD (2026), US915260FV02 and Maryland Economic Development Corp., 5.25% 30jun2055, USD (2022B). CATF holds in its top three: California, 3.5% 1dec2030, USD, Riverside Transportation Commission, 4% 1jun2046, USD and US684133KT71.
Which ETF is more diversified: TAFM or CATF?
TAFM holds 667 securities with 7.34% of its assets in the top 15. CATF has 312 securities and a top 15 weight of 12.15%.
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