American Century California Municipal Bond ETF
CATF
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 4500 Main Street Kansas City MO United States of America 64111
- IPO Date
- Jul 16, 2024
- Website
- americancentury.com
- Similar Companies
- Business
- American Century California Municipal Bond ETF (CATF), issued by American Century ETF Trust and managed by American Century Investment Management, Inc., is an actively managed exchange-traded fund that seeks high current income exempt from federal and California state income taxes. The fund primarily invests in investment-grade California municipal bonds, including debt securities of varying maturities across credit qualities from AAA to BBB and below, as well as high-yield securities and non-rated opportunities; it employs a research-driven process with top-down allocation to credit and duration alongside bond-by-bond selection, holding approximately 156 securities with a modified duration of 6.89 years and weighted average life to maturity of 12.55 years as of June 2025. Listed on NYSE Arca with ticker CATF (CUSIP 025072117) and a gross expense ratio of 0.28%, the ETF targets California investors and financial professionals seeking tax-efficient fixed income exposure, with portfolio management led by Joe Gotelli and Alan Kruss of the California-based Municipal Markets team overseeing $8.2 billion in assets. Launched on July 16, 2024, CATF represents American Century Investments' expansion into state-specific active ETFs, complementing its existing lineup such as the American Century Diversified Municipal Bond ETF (TAXF) and leveraging over 40 years of experience in California municipal strategies across investment-grade and high-yield markets. The issuer, American Century Investments—a U.S.-domiciled global asset manager founded in 1958 and headquartered in Kansas City, Missouri—manages approximately $250 billion in assets and operates offices in the United States (New York, Los Angeles, Santa Clara, California, Portland, Oregon), London, Frankfurt, Germany, Hong Kong, and Sydney; it serves financial professionals, institutions, corporations, and individual investors while supporting medical research initiatives. As of mid-2025, CATF's total assets stand at $31.6 million, with monthly dividend distributions and a 30-day SEC yield of 3.85%. No major acquisitions, partnerships, funding rounds, or strategic shifts have been reported for the ETF since inception through December 2025.