PREF.TO Review: Quadravest Preferred Split Share ETF - Canada
Quadravest Preferred Split Share ETF - Canada (PREF.TO) is a diversified fund listed on the TSX. Below is our independent review using the Dependable Income Investing 13-factor scoring system, covering Fund Attributes, Risk, and Return — designed specifically for income-focused investors.
Fund Attributes 20% of overall score
Fund Attributes cover the foundational characteristics of PREF.TO: cost, company backing, track record, and size. These factors reflect the fund's stability and cost-efficiency.
Expense Ratio (25%)
MER is 0.59% per the Annual Management Report of Fund Performance (period ended December 31 2024). Management fee is 0.50% plus operating expenses.
Fund Company Size (5%)
Quadravest Capital Management manages over $5.5 billion in assets across 14 publicly traded investment products per the annual financial statements.
Fund History (40%)
Fund inception June 24 2024. Approximately 1.7 years old as of review date - less than 2 years.
Fund AUM (30%)
4.26 million units outstanding at $10.50 NAV as of March 13 2026 = approximately $44.7M AUM - below the $100M threshold.
Risk 35% of overall score
Risk factors evaluate how PREF.TO manages volatility, diversification, and the nature of its underlying assets. These are critical for income investors who prioritise capital preservation.
Volatility
Lower volatility may indicate more stability — important for investors living off their income.
Sector Diversification
Holding across more sectors reduces the impact of any single industry downturn.
Geographic Diversification
Exposure across geographies can reduce risk from any single country's economic conditions.
Fund Risk
The fund's overall risk profile, based on self-reported classifications where available.
Underlying Assets
What the fund actually holds — stocks, bonds, synthetics, or other funds — affects risk profile significantly.
See our full Risk analysis for PREF.TO — including analyst notes on volatility, diversification, and underlying assets.
View Plans →Return 45% of overall score
Return factors assess the income generation quality of PREF.TO: current yield, distribution consistency, price history, and payment frequency. This is the most heavily weighted category for income investors.
Yield
The current dividend yield, reflecting the annual income generated relative to fund price.
Yield Stability
How consistent the distribution amounts have been over time — critical for income investors who budget around payments.
Capital History
The fund's track record of price appreciation or depreciation, reflecting total return alongside income.
Distribution Frequency
How often the fund pays distributions — monthly payments are generally preferred by income investors.
See our full Return analysis for PREF.TO — yield rating, distribution consistency score, and capital history.
View Plans →Our Review Methodology
Every fund reviewed on Dependable Income Investing is scored using our 13-factor Fund Report Card, organised into three weighted categories: Fund Attributes (20%), Risk (35%), and Return (45%). Each criterion is rated 1–5 by our analysts based on publicly available fund data.
We also calculate a Dependability Score — a weighted composite of six income-specific factors ranked by importance for retirement income investors: Yield Stability, Yield, Volatility, Capital History, Fund Risk, and Underlying Assets. This score is designed to answer the question income investors care about most: can I depend on this fund to pay me reliably?
Full scores, ratings, and analyst notes are available in the Dependable Income Investing app.
Frequently Asked Questions About PREF.TO
What is PREF.TO's expense ratio?
MER is 0.59% per the Annual Management Report of Fund Performance (period ended December 31 2024). Management fee is 0.50% plus operating expenses.
How long has PREF.TO been trading?
Fund inception June 24 2024. Approximately 1.7 years old as of review date - less than 2 years.
How large is PREF.TO by assets under management?
4.26 million units outstanding at $10.50 NAV as of March 13 2026 = approximately $44.7M AUM - below the $100M threshold.
Who manages PREF.TO?
Quadravest Capital Management manages over $5.5 billion in assets across 14 publicly traded investment products per the annual financial statements.
Where can I see the full PREF.TO review?
The complete 13-factor review — including all Risk and Return scores, analyst notes, and your Dependability Score — is available in the Dependable Income Investing app.
See the Full PREF.TO Review
The Dependable Income Investing app gives you the complete picture: all 13 scoring factors, analyst notes, Dependability Score, and tools to compare PREF.TO against other income funds side by side.
View Plans →Also available: free fund comparison tools in the app.