American Century California Municipal Bond ETF
$48.90+0.08 (+0.16%)
- 0.25%
- $161M
- +0.8%
- 3.59%
- 26.8K sh
- low $46.75high $51.09
The ETF.net CATF Grade
B
Score 66 out of 100
- 20 of 63
Score 66 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A70 out of 100Rank 17 of 63Mission
Whether the fund did what it promised, tested against its stated mandate.A91 out of 100Rank 28 of 59Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B68 out of 100Rank 4 of 63Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D31 out of 100Rank 50 of 63Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B56 out of 100Rank 31 of 63Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 45 of 63
Our read on CATF
In short
BA California-only muni portfolio that is actively run, not index-tracked: roughly 400 investment-grade bonds picked for income exempt from federal and California income taxes, at 0.25% with no fee waiver involved.
Stated mandate
The fund seeks high current income exempt from federal and California income taxes. It primarily invests in investment-grade bonds exempt from those taxes, using top-down credit and duration analysis plus research-driven security selection.
Why people hold it
Worth knowing
CATF Holdings
- Bonds
- 399
- 13%
- BlackRock Cash Sweep BlackRock Liq Fd Municash In
Geography
- United States96.53%
- Puerto Rico2.25%
- Guam1.00%
- American Samoa0.16%
- U.S. Virgin Islands0.06%
CATF Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
CATF$10,079
Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | CATF |
|---|---|
| Year to date | +0.4% |
| 1 month | +3.5% |
| 3 months | +0.2% |
| 1 year | +0.8% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | CATF |
|---|---|---|
| 2026 YTD | +0.4% | |
| 2025 | +3.8% | |
| 2024 | +1.1% |
CATF in the news
CATF Dividends
- 3.59%
- $1.75
- $0.11 per share
- Monthly
CATF Risk
- 5.4%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.38
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −6.3%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.19
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
CATF Cost
Overpaying vs VTEB, tied cheapest in Other Municipal Bond
$4,521
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
CATF 0.25%
$5,159
VTEB 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | CATF | VTEB | Overpaying |
|---|---|---|---|
| 10 | $455 | $55 | $400 |
| 20 | $1,769 | $216 | $1,553 |
| 30 | $5,159 | $638 | $4,521 |
Other funds in Other Municipal Bond
- BPZAInvesco National AMT-Free Municipal Bond ETFExpense ratio 0.28%1 year return −1.8%
- BAVMUAvantis Core Municipal Fixed Income ETFExpense ratio 0.15%1 year return +0.6%
- BFMBFirst Trust Managed Municipal ETFExpense ratio 0.39%1 year return 0.0%
- BPWZInvesco California AMT-Free Municipal Bond ETFExpense ratio 0.28%1 year return −1.1%
- BPMIOPGIM Municipal Income Opportunities ETFExpense ratio 0.25%1 year return +1.8%
