American Century California Municipal Bond ETF (CATF) Fund Overview
Educational signal · not a buy or sell recommendation · How to read this
Beta 0.20: the stock has moved about 80% less than the S&P 500.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 17, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Quick AnswerAmerican Century California Municipal Bond ETF (CATF) trades at $47.38. American Century California Municipal Bond ETF (CATF) aims to provide high current income exempt from federal and California income tax. Sector: Financials.
Price as of · Last analyzed: Mar 17, 2026Analyst Coverage for CATF: CATF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage.
American Century California Municipal Bond ETF (CATF) Financial Services Profile
American Century California Municipal Bond ETF (CATF) focuses on delivering high current income shielded from both federal and California state income taxes. With a beta of 0.20 and a market capitalization of $0.07 billion, the fund operates within the competitive asset management industry, specializing in municipal bonds.
What Is the Investment Thesis for CATF?
CATF presents a focused investment vehicle for California residents seeking tax-exempt income. With a market cap of $0.07 billion and a low beta of 0.20, it offers relatively stable exposure to California municipal bonds. The primary value driver is the fund's ability to deliver tax-advantaged income, appealing to investors in higher tax brackets. Growth catalysts include increased demand for tax-exempt investments due to potential changes in tax laws or rising income levels in California. However, potential risks include interest rate fluctuations and the creditworthiness of California municipalities. Investors should monitor the fund's expense ratio and compare it to similar municipal bond ETFs. The absence of a dividend yield may deter some investors seeking regular income distributions, despite the tax benefits.
Based on FMP financials and quantitative analysis
CATF Key Highlights
Market capitalization of $0.07 billion indicates a relatively small size within the ETF market.
- Beta of 0.20 suggests low volatility compared to the broader market.
- Focus on California municipal bonds provides tax-exempt income for California residents.
- Absence of dividend yield may be a drawback for income-focused investors.
- Expense ratio should be monitored to ensure competitiveness within the municipal bond ETF landscape.
Who Are CATF's Competitors?
CATF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| AGGA EA Astoria Dynamic Core US Fixed Income ETF | $24.41 | -0.02% | $52.4M | — |
| AVEE Avantis Emerging Markets Small Cap Equity ETF | $69.54 | +1.50% | $125M | — |
| GMOV GMO US Value ETF | $31.59 | +0.19% | $90.8M | — |
| GMUB Goldman Sachs Municipal Income ETF | $48.93 | -0.11% | $50.2M | — |
| JANT AllianzIM U.S. Equity Buffer10 Jan ETF | $45.44 | +0.48% | $64.3M | — |
| BLK BlackRock, Inc. | $1059.63 | -0.44% | $164B | 49 5-pillar |
| BX Blackstone Inc. | $111.74 | -0.45% | $135B | 67 5-pillar |
| APOS Apollo Global Management, Inc. | $25.59 | -0.23% | $74.8B | 55 5-pillar |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CATF's Key Strengths?
Tax-exempt income for California residents
- Low beta indicates lower volatility
- Transparent ETF structure
- Focus on a specific geographic region
What Are CATF's Weaknesses?
Small market capitalization
- Lack of dividend yield may deter some investors
- Concentration in California municipal bonds
- Susceptible to interest rate risk
What Are the Key Risks for CATF?
Rising interest rates could negatively impact bond prices.
- Credit downgrades of California municipalities could reduce the value of the portfolio.
- Increased competition from other municipal bond ETFs could erode market share.
What Are CATF's Competitive Advantages?
- Tax-exempt income stream for California residents.
- Focus on California municipal bonds provides local expertise.
- ETF structure offers liquidity and transparency.
- Established track record in managing California municipal bond portfolios.
What Does CATF Do?
American Century California Municipal Bond ETF (CATF) is designed to provide investors with high current income that is exempt from both federal and California state income taxes. The fund achieves this objective by investing primarily in municipal bonds issued by the State of California and its various municipalities. These bonds are typically used to finance public projects such as schools, hospitals, roads, and other infrastructure improvements. By focusing exclusively on California municipal bonds, CATF offers investors a way to potentially reduce their tax burden while participating in the fixed-income market. The ETF structure provides diversification and liquidity, allowing investors to easily buy and sell shares on the open market. CATF's investment strategy is geared towards investors who are in higher tax brackets and seeking tax-advantaged income. The fund's performance is closely tied to the creditworthiness of California municipalities and the overall interest rate environment. As an ETF, CATF offers transparency in its holdings, which are disclosed daily, allowing investors to monitor the fund's composition and risk profile. The fund's investment decisions are guided by a team of experienced portfolio managers who specialize in municipal bond analysis and selection. CATF aims to provide a stable stream of income while preserving capital, making it a potentially noteworthy option for income-seeking investors in California.
What Products and Services Does CATF Offer?
- Invests primarily in municipal bonds issued by the State of California and its municipalities.
- Seeks to provide high current income that is exempt from federal and California income tax.
- Offers a diversified portfolio of California municipal bonds.
- Provides liquidity through its ETF structure, allowing investors to easily buy and sell shares.
- Offers transparency in its holdings, which are disclosed daily.
- Manages the portfolio to balance income generation with capital preservation.
How Does CATF Make Money?
- Generates income by investing in California municipal bonds.
- Passes through tax-exempt income to its shareholders.
- Charges an expense ratio to cover its operating costs.
- Attracts investors seeking tax-advantaged income.
What Industry Does CATF Operate In?
The asset management industry is highly competitive, with numerous firms offering a wide range of investment products, including ETFs. The municipal bond market is a significant segment within the fixed-income space, attracting investors seeking tax-advantaged income. CATF operates within this niche, focusing specifically on California municipal bonds. Market trends include increasing demand for ESG-focused investments and the growing popularity of passive investment strategies. Competitors include other municipal bond ETFs, as well as actively managed municipal bond funds. The industry is subject to regulatory oversight and is influenced by macroeconomic factors such as interest rates and inflation.
Who Are CATF's Key Customers?
- California residents in higher tax brackets.
- Individuals seeking tax-exempt income.
- Financial advisors looking for tax-efficient investment options for their clients.
- Institutions seeking exposure to California municipal bonds.
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price is current
- ● No filing on record
- ● No analyst coverage
- ● This is an etf, not an operating company
MoonshotScore History
Recorded daily since 2026-08-23 · 41 snapshots
| 2026-08-23 | 47 |
| 2026-08-31 | 47 |
| 2026-09-08 | 47 |
| 2026-09-16 | 47 |
| 2026-09-24 | 47 |
| 2026-10-04 | 47 |
What changed?
The score has stayed at 47.
Over the same 30 days the stock moved -3.2%.
CATF Financials
Bull Case vs Bear Case
Bull Case
- Tax-exempt income for California residents
- Low beta indicates lower volatility
- Transparent ETF structure
- Focus on a specific geographic region
Bear Case
- Small market capitalization
- Lack of dividend yield may deter some investors
- Concentration in California municipal bonds
- Susceptible to interest rate risk
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
CATF Latest News
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In This Bond Market, It's Good to Have Friends
etftrends.com · Aug 26, 2026
CATF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations collected by Financial Modeling Prep for CATF.
Price Targets
Wall Street price target analysis for CATF.
CATF MoonshotScore
MoonshotScore is Stock Expert AI's proprietary 0-100 research rating, not a buy or sell recommendation. No MoonshotScore is published for CATF; grades run from A+ (80-100) to F (below 30).
CATF Financials Stock FAQ
What are the main risks for CATF?
The main risks for CATF include interest rate risk, credit risk, and market risk. Rising interest rates can negatively impact bond prices, potentially reducing the fund's NAV. Market risk encompasses broader economic factors that can affect the municipal bond market.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
MoonshotScore is not published for this security.
Data provided for informational purposes only.
- The information provided is based on publicly available data and should not be considered investment advice.