---
ticker: "CATF"
name: "American Century California Municipal Bond ETF"
url: "https://etf.net/etf/CATF"
grade: "B"
score: 66
graded_at: "2026-10-12"
category: "Other Municipal Bond"
category_rank: "21 of 63"
methodology: "https://etf.net/methodology"
---

# CATF: American Century California Municipal Bond ETF

Grade **B**, Score 66 of 100. Rank 21 of 63 in Other Municipal Bond.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 71 | 17 of 63 |
| Mission | 92 | 25 of 59 |
| Risk | 62 | 9 of 63 |
| Tradability | 34 | 46 of 63 |
| Holdings | 58 | 30 of 63 |
| Durability | 44 | 42 of 63 |

## Top holdings

The fund holds 384 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | BlackRock Cash Sweep BlackRock Liq Fd Municash In | 4.72% |
| 2 | — | Univ of California Ca Rgts Med Unvhgr 05/45 Adjustable Var | 1.63% |
| 3 | — | California Cmnty Choice Fing A Ccedev 02/36 Fixed 5.25 | 1.22% |
| 4 | — | San Mateo Cnty Ca Jt Pwrs Fing Smtgen 07/35 Fixed 5 | 1.16% |
| 5 | — | California St Muni Fin Auth Sp Casfin 07/29 Fixed 4 | 1.00% |
| 6 | — | Us Treasury N/B 08/31 4.375 | 0.97% |
| 7 | — | Sthrn California St Public Pwr Stnpwr 07/50 Fixed 5 | 0.97% |
| 8 | — | Orange Cnty Ca Cmnty Facs Dist Orafac 08/42 Fixed 5 | 0.84% |
| 9 | — | California St Cas 12/30 Fixed Oid 3.5 | 0.80% |
| 10 | — | Indio Ca Elec Fing Auth Elec R Ierutl 01/53 Fixed 5.25 | 0.79% |
| 11 | — | Puerto Rico Sales Tax Fing Cor Prcgen 07/40 Fixed 4.329 | 0.79% |
| 12 | — | California St Hlth Facs Fing A Casmed 08/33 Fixed 5 | 0.77% |
| 13 | — | Los Angeles Cnty Ca Santn Dist Losutl 10/47 Fixed 5 | 0.76% |
| 14 | — | California St Poll Control Fin Caspol 11/45 Fixed 5 | 0.75% |
| 15 | — | California St Cas 09/52 Fixed 5 | 0.75% |
| 16 | — | Cupertino Ca Union Sch Dist Cupscd 08/39 Fixed 5 | 0.72% |
| 17 | — | California St Univ Revenue Cashgr 11/49 Fixed 5.5 | 0.71% |
| 18 | — | California Cmnty Choice Fing A Ccedev 07/35 Fixed 5 | 0.69% |
| 19 | — | California Cmnty Choice Fing A Ccedev 10/56 Adjustable Var | 0.69% |
| 20 | — | California St Cas 09/43 Fixed Oid 4 | 0.68% |
| 21 | — | California St Muni Fin Auth Mf Casmfh 11/36 Fixed 4.75 | 0.68% |
| 22 | — | California St Stwd Cmntys Dev Casmfh 11/36 Fixed 4.75 | 0.68% |
| 23 | — | California St Hlth Facs Fing A Casmed 03/41 Adjustable Var | 0.68% |
| 24 | — | California St Muni Fin Auth Mf Casmfh 10/57 Adjustable Var | 0.68% |
| 25 | — | California Cmnty Choice Fing A Ccedev 12/33 Fixed 5.5 | 0.68% |
| 26 | — | California St Muni Fin Auth Mf Casmfh 11/43 Fixed 4.45 | 0.68% |
| 27 | — | California Cmnty Choice Fing A Ccedev 03/36 Fixed 5 | 0.67% |
| 28 | — | Puerto Rico Sales Tax Fing Cor Prcgen 07/27 Zerocpnoid 0 | 0.66% |
| 29 | — | California Stwd Cmntys Dev Aut Casgen 12/46 Fixed 5 | 0.65% |
| 30 | — | Univ of California Revenues Unvhgr 05/48 Adjustable Var | 0.65% |

Source: etf.net, https://etf.net/etf/CATF. Please cite the page URL.