CATF vs DFCA
American Century California Municipal Bond ETF compared with Dimensional California Municipal Bond ETF on yield, payout growth, payment schedule, cost and risk.
CATF
American Century California Municipal Bond ETF
TTM yield · Monthly
DFCA
Dimensional California Municipal Bond ETF
TTM yield · Monthly
Quick take
- CATF yields more today: 3.64% vs 2.91% (forward).
- Both pay every month.
- Over the last year CATF delivered the higher total return: +0.1% vs -0.2% (price change plus payouts).
- DFCA is cheaper to own: 0.19% vs 0.25% expense ratio.
- CATF has the steadier distribution: consistency 88/100 vs 67/100.
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | CATF | DFCA |
|---|---|---|
| Share price | $48.11 | $48.31 |
| TTM yield | 3.65% | 2.91% |
| Forward yield | 3.64% | 2.91% |
| Annual payout per share | $1.7533 | $1.4067 |
| Payment frequency | Monthly | Monthly |
| Next ex-date | Nov 4, 2026 (est.) | Nov 17, 2026 (est.) |
| Expense ratio | 0.25% | 0.19% |
| 1-year payout growth | — | — |
| 5-year payout CAGR | — | — |
| Consecutive years of increases | — | — |
| Payout consistency (last 12) | 88/100 | 67/100 |
| 1-year total return | +0.1% | -0.2% |
| 1-year price return | -3.4% | -3.0% |
| Size (market cap / AUM) | 139.1M | 557.7M |
| Years paying | 2.1 | 3.3 |
| Sector / category | Muni California Intermediate | Muni California Intermediate |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| CATF | DFCA | |
|---|---|---|
| Shares | 207.9 | 207.0 |
| Income per year | $364 | $291 |
| Income per month (avg) | $30 | $24 |
At forward yields, before taxes. Model CATF · Model DFCA
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| CATF Nov 4, 2026 | Nov 18, 2026 | $0.1461 | Est. |
| CATF Dec 3, 2026 | Dec 17, 2026 | $0.1461 | Est. |
| CATF Jan 1, 2027 | Jan 15, 2027 | $0.1461 | Est. |
| DFCA Nov 17, 2026 | Dec 1, 2026 | $0.1172 | Est. |
| DFCA Dec 15, 2026 | Dec 29, 2026 | $0.1172 | Est. |
| DFCA Jan 12, 2027 | Jan 26, 2027 | $0.1172 | Est. |
Annual payouts per share
CATFDFCA
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, CATF or DFCA?
CATF currently has the higher trailing yield: CATF yields 3.65% and DFCA yields 2.91%. Yield changes daily with price, so check the live figures above.
How often do CATF and DFCA pay?
CATF pays every month and DFCA pays every month. CATF's next ex-date is Nov 4, 2026 and DFCA's is Nov 17, 2026.
Is CATF or DFCA better for income?
It depends on what you are optimising for. CATF and DFCA differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.