TAXFvsFTCAETF Comparison
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American Century Diversified Municipal Bond ETF (TAXF) and Franklin California Municipal Income ETF (FTCA) belong to the same industry segment: Municipal Bonds. Both ETFs have the same top 1 sector exposures: Municipal. TAXF is less expensive with a Total Expense Ratio (TER) of 0.25%, versus 0.35% for FTCA. TAXF is up 0.1% year-to-date (YTD) with +$143M in YTD flows. FTCA performs worse with -1.86% YTD performance, and -$7M in YTD flows. Run a side-by-side ETF comparison of TAXF and FTCA 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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TAXF vs FTCA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/01/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | TAXF FTCA | -0.79%-1.27% | -1.55%-2.82% | +0.10%-1.86% | +4.52%n/a | +11.22%n/a | +3.20%n/a |
| Flows | TAXF FTCA | +$5M+$9M | +$38M-$30M | +$143M-$7M | +$193M- | +$348M- | +$554M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | TAXF FTCA | +2.75%+3.56% | +2.59%n/a | +3.77%n/a | +3.72%n/a |
| Max drawdown | TAXF FTCA | -2.50%-3.84% | -2.70%n/a | -5.30%n/a | -13.26%n/a |
| Max drawdown duration | TAXF FTCA | 58d63d | 114dn/a | 275dn/a | 1001dn/a |
Trading data
TAXF | FTCA | |
Last sale 9/2/2026 at 3:51 PM | $49.38 | $7.14 |
| Previous close 09/01/2026 | $49.33 | $7.14 |
| Consolidated volume 09/01/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 9/2/2026 at 3:51 PM
Live
Closed
TAXF | FTCA | |
|---|---|---|
| Last price | $49.38 | $7.14 |
| 1D performance | +0.10% | -0.07% |
| AuM | $680.13 M | $562.70 M |
| E/R | 0.25% | 0.35% |
Characteristics
TAXF | FTCA | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | American Century Investments | Franklin Templeton |
| Benchmark | - | - |
| N° of holdings | 253 | 62 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 10, 2018 | October 24, 2025 |
| ESG | No | No |
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Exposure
Countries
TAXF
USA
37.04%
Other
62.96%
FTCA
USA
37.5%
Other
62.5%
Sectors
TAXF
Municipal
37.04%
Other
62.96%
FTCA
Municipal
37.5%
Other
62.5%
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Diversification
TAXF
Total weight of top 15 holdings out of 15
8.47%
FTCA
Total weight of top 15 holdings out of 15
19.62%
Top 15 holdings
Data as of July 31, 2026
TAXF
US74442PN840
0.89%
Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3)
0.87%
Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A)
0.73%
US60637GRY79
0.65%
Puerto Rico Sales Tax Financing Corp., 4.329% 1jul2040, USD
0.57%
US646080ZU81
0.57%
US452252RA98
0.55%
Southeast Alabama Gas Supply District, FRN 1aug2054, USD (A)
0.54%
Black Belt Energy Gas District, 5% 1oct2035, USD (2025)
0.54%
US681725PH47
0.47%
Orlando Utilities Commission, 5% 1oct2048, USD (2023A)
0.46%
US74439YBD22
0.44%
US292723AY90
0.42%
Patriots Energy Group Financing Agency, 5.25% 1oct2054, USD (2023A-1)
0.40%
New York Transitional Finance Authority, 5.5% 1nov2054, USD (2026)
0.39%
FTCA
California Pollution Control Financing Authority, 5% 21nov2045, USD
1.82%
US30309HAA59
1.70%
Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016)
1.38%
California Municipal Finance Authority, 4.2% 1aug2040, USD (2024)
1.34%
San Francisco Public Utilities Commission, 5% 1nov2053, USD (2023)
1.33%
California Community Choice Financing Authority, 5% 1feb2055, USD (2024E)
1.32%
US79728FLL30
1.31%
MSR Energy Authority, 6.5% 1nov2039, USD (2009A)
1.31%
Los Angeles Department of Water and Power, 5% 1jul2046, USD (2022)
1.30%
California Municipal Finance Authority, 3% 15may2051, USD
1.25%
Sweetwater Union High District, 5% 1aug2052, USD (2018)
1.24%
US130493CL10
1.10%
California, 5% 1oct2045, USD
1.09%
US13048VG510
1.07%
Alameda Corridor Transportation Authority, 0% 1oct2049, USD (2022A, 9941D)
1.06%
Frequently asked questions about TAXF and FTCA
How have the TAXF and FTCA ETFs performed in 2026?
As of September 1, 2026, TAXF is up 0.1% year-to-date (YTD), while FTCA has lost -1.86%. That puts TAXF better performer ahead so far this year.
Which ETF is attracting more investor money: TAXF or FTCA?
Year-to-date, the TAXF ETF saw +$143M in flows, compared to -$7M for FTCA.
Which ETF is bigger: TAXF or FTCA?
As of September 1, 2026, TAXF holds $680.13 M in assets under management (AUM), while FTCA manages $562.70 M.
What sectors do the TAXF and FTCA ETFs invest in?
TAXF leans toward sectors like Municipal. Meanwhile, FTCA focuses on Municipal.
What are the top holdings of the TAXF ETF and FTCA ETF?
TAXF top holdings include US74442PN840, Build NYC Resource Corp., 5.25% 15dec2031, USD (2026B-3) and Arkansas Development Finance Authority, 4% 1sep2046, USD (2026A). FTCA holds in its top three: California Pollution Control Financing Authority, 5% 21nov2045, USD, US30309HAA59 and Chabot-Las Positas Community College District, 5.25% 1aug2048, USD (2016).
Which ETF is more diversified: TAXF or FTCA?
TAXF holds 785 securities with 8.47% of its assets in the top 15. FTCA has 282 securities and a top 15 weight of 19.62%.
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