Important Legal Information

Guaranteed investment certificates are offered through Royal Bank of Canada (RBC). Mutual funds may be sold by Royal Mutual Funds Inc. (RMFI). RBC Direct Investing Inc. (RBC DI) is a securities dealer offering services to self-directed investors and is a member of the Canadian Investor Protection Fund. RBC, RMFI, RBC DI, RBC Global Asset Management Inc., Royal Trust Corporation of Canada and The Royal Trust Company are separate corporate entities which are affiliated. RMFI is licensed as a financial services firm in the province of Quebec.

The Investment Wizard is for general informational purposes only and the results produced by the Investment Wizard depend on the information you have entered. The content generated by this tool does not constitute investment advice or recommendations regarding the purchase or sale of any securities or investment products. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently, and past performance may not be indicative of future performance. Please read the prospectus before investing.

RBC, RMFI and RBC DI use reasonable efforts to include accurate and up-to-date information in this tool, but cannot guarantee that all information is accurate or complete or current at all times. RBC, RMFI and RBC DI do not make any express or implied warranties or representations with respect to any information or results in connection with the investment wizard. RBC, RMFI and RBC DI will not be liable for any losses or damages arising from any errors or omissions in any information or results, or any action or decision made by you in reliance on any information or results.

Financial planning services and investment advice are provided by Royal Mutual Funds Inc. (RMFI). RMFI is licensed as a financial services firm in the province of Quebec.

RBC Direct Investing Inc.*, and Royal Bank of Canada are separate corporate entities which are affiliated. RBC Direct Investing Inc. does not provide investment advice or recommendations regarding the purchase or sale of any securities. Investors are responsible for their own investment decisions. RBC Direct Investing is a business name used by RBC Direct Investing Inc. *Member-Canadian Investor Protection Fund. ® / ™ Trademark(s) of Royal Bank of Canada. RBC and Royal Bank are registered trademarks of Royal Bank of Canada. Used under licence. © Royal Bank of Canada 2013. All rights reserved.

Trade Anywhere

Available Only Where Permitted by Law. The products, services and securities referred to on any RBC Direct Investing automated service (as defined in the Operation of Account Agreement) are only available in the jurisdictions where they may be legally offered for sale. The information provided on any RBC Direct Investing automated service should not be construed as an offer by RBC Direct Investing to sell specific securities in any jurisdiction, including the United States. If you are not currently a resident of Canada, you should not access the information available on any RBC Direct Investing automated service.

Award Winning Investment Solutions

RBC Global Asset Management Inc. (RBC GAM) and its fund groups have won numerous awards over the years for investment excellence and fund group performance. For example, RBC GAM was named 2012 Morningstar® Analysts' Choice Fund Company of the Year; Phillips, Hager & North Investment Management (PHN IM), a division of RBC GAM, was named 2012 Morningstar® Fixed Income Manager of the Year; PHN IM was awarded Canadian Lipper Fund Award for Best Bond Funds Group in 2007, 2008, 2010, 2011, 2012 and 2013; RBC GAM was awarded Canadian Lipper Fund Award for Best Bond Funds Group in 2009 ; PHN IM was awarded Canadian Lipper Fund Award for Best Funds Group Overall in 2010, 2011, 2012 and 2013; RBC GAM was awarded Canadian Lipper Fund Award for Best Funds Group Overall in 2007 and 2008. BlueBay Asset Management LLP, a subsidiary of RBC GAM, was named Best Boutique Asset Manager by Global Pension Awards in 2010 and 2011. Learn more.

RBC Funds, PH&N Funds and BlueBay Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers. Lipper Fund Awards were based on best risk-adjusted performance over the periods ended either October 31, November 30 or December 31 of the calendar year prior to the award, depending on the specific year's award. Lipper Inc. is a Thomson Reuters company. The Morningstar Awards are awarded for investment excellence as judged by analysts who consider both qualitative and quantitative factors.

Scenarios Assumptions and Disclosures

The range of returns presented for each time period is the range of returns that fall between the fifth and ninety-fifth percentiles of returns generated by a simulation of future returns for a portfolio of securities whose asset allocation is based on a typical asset allocation for a given investor profile. The simulation incorporates assumptions regarding certain factors, including expected returns, standard deviations of returns and correlation between the returns of different securities in a given portfolio. These assumptions are based on the informed opinion of RBC Global Asset Management Inc., a registered investment fund manager and manager of the RBC Funds. Expected results may not be realized and RBC Global Asset Management Inc. takes no responsibility for the accuracy or completeness of the simulated returns. Returns are presented as the average annual returns of an investment portfolio of securities held continuously for the corresponding number of years. Mutual funds are not guaranteed and their values change frequently. Small differences in the annual rate of return of a portfolio may have a significant impact on the cumulative return of investments held for the long term, as a result of the compounding of annual returns.