

 <!DOCTYPE html>
<html lang="en-CA">
<head>
   
    <!-- https://www.rbcgam.com/en/en/ca/products/mutual-funds/rbc-portfolio-solutions/rbc-managed-payout-solutions -->
<!-- else -->
	
<script >
    //main-dataLayer
    window.dataLayer = window.dataLayer || [];

               let QueryParamsObj = {};
            for (let pair of new URLSearchParams(window.location.search)) {
                QueryParamsObj[pair[0]] = pair[1];
            }
                                                                       const requiredKeys = ['currency','date','region','sort','sortorder','strategy','tab','type'];

            requiredKeys.forEach(key => {
                if (!QueryParamsObj.hasOwnProperty(key)) {
                    QueryParamsObj[key] = undefined;
                }
            });

            
            window.dataLayer.push (Object.assign({
    'page_redirect': '',
    'page_country': 'ca',
    'page_region': 'na',
    'page_language': 'en',
    'page_channel': 'public',
    'page_category': 'products',
    'page_subcategory': 'mutual-funds',
    'page_type': 'individualInvestor'
    }, QueryParamsObj))
            
                        
            // GOOGLE ANALYTICS 4
                    window.dataLayer.push({
            'page_country':'ca',
            'page_region':'na',
            'page_language':'en',
            'page_channel':'public',
                            'page_category': 'products',
                'page_subcategory':'mutual-funds',
                        'page_breadcrumb':'/en/ca/products/mutual-funds/rbc-portfolio-solutions/rbc-managed-payout-solutions',
            'user_type':'individualInvestor',
            'page_LOB':'RBCGAM_3',
            'attribute_1':undefined ,
            'user_multiaccess':undefined ,
            'user_territory': ''? '': undefined,
            
                            'content_type': undefined,
                'content_name': undefined,
                        
                        
                                'publication':undefined,
                    'content_author':undefined,
                            
                'content_id':'defe352d-b5ad-486c-930a-a9b4e262055d',
                
                                        'content_date':undefined,
                            
                'GAM_AdvisorId':undefined,
                'GAM_AdvisorTerritory':undefined,
                'GAM_DealerCode':undefined,
                'GAM_RoleID': undefined,
            
                        ...QueryParamsObj})
</script>    
    
    
        <meta charset="utf-8"/>
        <meta http-equiv="X-UA-Compatible" content="IE=edge"/>
        <meta http-equiv="Content-Type" content="text/html; charset=utf-8" />
        <meta name="viewport" content="width=device-width, initial-scale=1.0"/>
        <meta http-equiv="Content-Security-Policy"/>
        <meta http-equiv="Cache-Control" content="no-cache, no-store, must-revalidate"/>
        <meta http-equiv="Pragma" content="no-cache"/>
        <meta http-equiv="Expires" content="0"/>
        <!-- https://www.rbcgam.com/en/en/ca/products/mutual-funds/rbc-portfolio-solutions/rbc-managed-payout-solutions -->
<!-- else -->
	         <title>RBC Managed Payout Solutions</title>
        <meta name="description" content="RBC Managed Payout Solutions can provide the cash flow you need and protect your wealth"/>


        <meta property="og:type" content="website" />
<meta property="og:url" content="https://www.rbcgam.com/en/en/ca/products/mutual-funds/rbc-portfolio-solutions/rbc-managed-payout-solutions" />
<meta property="og:title" content="RBC Managed Payout Solutions"/>
<meta property="og:description" content="RBC Managed Payout Solutions can provide the cash flow you need and protect your wealth" />
<meta property="og:site_name" content="RBC Global Asset Management" />
                                                                                                                                                                         <link rel="preconnect" crossorigin="crossorigin" href="https://cdn.rbcgam.com">
        <link rel="preconnect" crossorigin="crossorigin" href="https://www.googletagmanager.com">
        <link rel="preconnect" crossorigin="crossorigin" href="https://www.google-analytics.com">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/fonts/roboto/roboto-v19-latin-regular.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/fonts/roboto/roboto-v19-latin-500.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/fonts/roboto/roboto-v19-latin-700.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/src/fonts/fa-regular-400.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/src/fonts/fa-solid-900.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/src/fonts/fa-brands-400.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/css/bootstrap-grid.min.css" as="style">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/css/roboto.min.css" as="style">
        <link rel="preload" href="https://cdn.rbcgam.com/dist/gam/gam.min.css" as="style">
        <link rel="preload" href="https://cdn.rbcgam.com/dist/wm/wm.min.js" as="script">
        <link rel="prefetch" href="https://cdn.rbcgam.com/dist/gam/charts/index.min.js" as="script">
        <link rel="preload" href="/application/themes/rbcgam/css/one-trust.css" as="style">
        <link rel="preload" href="/application/themes/rbcgam/css/main.css?v5" as="style">
        <link rel="preload" href="/application/themes/rbcgam/css/rbcgam-styles-enhancement" as="style">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/fonts/rbc-display/rbcdisplay-regular-webfont.woff2" as="font" crossorigin="crossorigin" type="font/woff2">
        <link href="https://cdn.rbcgam.com/assets/css/bootstrap-grid.min.css" rel="stylesheet">
        <link href="https://cdn.rbcgam.com/assets/css/roboto.min.css" rel="stylesheet">
        <link rel="stylesheet" href="https://cdn.rbcgam.com/dist/gam/gam.min.css">
        <link rel="preload" href="https://cdn.rbcgam.com/assets/images/logos/rbc-gam-logo-en.svg" as="image">
        <link rel="stylesheet" href="/application/themes/rbcgam/css/main.css?v5">
        <link rel="stylesheet" href="/application/themes/rbcgam/css/one-trust.css">
        <link rel="stylesheet" href="/application/themes/rbcgam/css/rbcgam-styles-enhancement.css">

        
                                                                                                                                                  <link rel="preload" href="https://cdn.rbcgam.com/assets/js/vue.js" as="script">
                        <script src="https://cdn.rbcgam.com/assets/js/vue.js"></script>
                                                          <script src="https://cdn.rbcgam.com/dist/wm/wm.min.js"></script>
                                                <script>
                         
                var vueData = vueData || {};                 var vueComputed = vueComputed || {};                 var vueWatch = vueWatch || {};                 var vueMethods = vueMethods || {};                 var vueMounted = vueMounted || [];         </script>         
<!-- isForDiffSite: true -->

        
        <style>         
        
        #ot-sdk-btn.ot-sdk-show-settings, #ot-sdk-btn.optanon-show-settings {
            border: none !important; 
            padding: 0 !important;
            color: white !important;
            font-size: 0.875rem !important;
        }
        #ot-sdk-btn.ot-sdk-show-settings:hover, #ot-sdk-btn.optanon-show-settings:hover {
            background-color: transparent !important;
            border-bottom: 1px solid white !important;
        }
        
        .hero-content-aside {                 width: 100%;                 height: auto;         }         [v-cloak]{                 display: none;         }         </style> 
                                        
        <noscript>
                <style>
                        [v-cloak]{
                                display: block !important;
                        }
                        #raptorWrap {
                                display: none !important;
                                visibility: hidden !important;
                                height: 0px !important;
                                width: 0px !important;
                        }
                    
                </style>
        </noscript>
        <!-- R:  / upt = individualinvestor -->
        <!-- Google Tag Manager Data Layer -->
        
        
<script>
    async function loadOneTrustScript() {
      return new Promise((resolve, reject) => {
        const script = document.createElement("script");
        const env = window?.host_variable?.environment || "production";
        let scriptSrc = "https://cdn.cookielaw.org/consent/75c21a75-8c61-41b5-bbb4-220ec5be96cc/otSDKStub.js";
        if (env === "staging") {
          scriptSrc = "https://cdn.cookielaw.org/consent/75c21a75-8c61-41b5-bbb4-220ec5be96cc-test/otSDKStub.js";
        }
        script.src = scriptSrc;
        script.id = "onetrust-policy-sdk";
        script.type = "text/javascript";
        script.charset = "UTF-8";
        script.dataset.documentLanguage = "true";
        script.dataset.domainScript = scriptSrc.includes("-test")
          ? "75c21a75-8c61-41b5-bbb4-220ec5be96cc-test"
          : "75c21a75-8c61-41b5-bbb4-220ec5be96cc";
        script.onload = resolve;
        script.onerror = reject;
        document.body.appendChild(script);
      });
    }

    document.addEventListener("DOMContentLoaded", function() {
      const modalAlert = document.querySelector('[role="alertdialog"]');
      if (modalAlert) {
        modalAlert.setAttribute("role", "dialog");
      }
    });

    window.onload = async () => {
      try {
        await loadOneTrustScript();
        console.log("OneTrust script loaded successfully.");
      } catch (error) {
        console.error("Failed to load OneTrust script", error);
      }
    };

    document.addEventListener('keydown', (event) => {
      if (event.key === 'Escape' || event.keyCode === 27) {
        const modal = document.getElementById('onetrust-pc-sdk');
        if (modal && window.getComputedStyle(modal).display !== 'none') {
          const closeButton = document.getElementById('close-pc-btn-handler');
          if (closeButton) {
            document.getElementById('openCookieSettings').focus();
            closeButton.click();
          }
        }
      }
    });

    function setInertOnBackground() {
    const ids = ["main", "globalNavRoot", "footers", "footerDisclaimerRoot"];
    ids.forEach(id => {
        const el = document.getElementById(id);
        if (el) {
        el.setAttribute("inert", "");
        }
    });
    }

    function removeInertFromBackground() {
    const ids = ["main", "globalNavRoot", "footers", "footerDisclaimerRoot"];
    ids.forEach(id => {
        const el = document.getElementById(id);
        if (el) {
        el.removeAttribute("inert");
        }
    });
    }

    document.addEventListener("click", function(event) {
    const closeBtn = event.target.closest("#close-pc-btn-handler");
    const openCookieSettingsBtn = event.target.closest("#openCookieSettings");
        if (closeBtn) {
            removeInertFromBackground();
            document.getElementById('openCookieSettings').focus();
        } 
        if (openCookieSettingsBtn) {
            setInertOnBackground();
        }
    });
  </script>

<script type="text/javascript">
    function OptanonWrapper() { }
</script>

        <!-- Google Tag Manager version 4 -->
        <script>
                var dataLayer=window.dataLayer=window.dataLayer||[];dataLayer.push({"LOB":"RBCGAM_3"});
                (function(w,d,s,l,i){w[l]=w[l]||[];w[l].push({'gtm.start':new Date().getTime(),event:'gtm.js'});
                        var f=d.getElementsByTagName(s)[0],j=d.createElement(s),dl=l!='dataLayer'?'&l='+l:'';j.async=true;j.src='https://www.googletagmanager.com/gtm.js?id='+i+dl;f.parentNode.insertBefore(j,f);})(window,document,'script','dataLayer','GTM-P5P6H55');
        </script>
        <!-- End Google Tag Manager -->

</head>


<!-- 1 $URLMapContent.structure.name $URLMapContent.fundCompany.selectValue $URLMapContent.fundCompany -->
<body>
<noscript>
        <iframe src="https://www.googletagmanager.com/ns.html?id=GTM-P5P6H55" height="0" width="0" style="display:none;visibility:hidden"></iframe>
</noscript>
<!-- End Google Tag Manager (noscript) -->
<script>
        //frame busting - prevent clickjacking
        if (self == top) {
                document.getElementsByTagName('body')[0].style.display = "block";
        } else {
                top.location = self.location;
        }
</script>
<!-- Google Tag Manager (noscript) -->
        <div class="content-wrap">
        <div id="app">
                    

 <aside>
<aside>
    <a class="skip-main" aria-label="Skip to cookie banner" href="#onetrust-policy-sdk">Skip to Cookie Banner</a>
    <a class="skip-main" aria-label="Skip to main content" href="#main">Skip to content</a>
    <a class="skip-main" aria-label="Skip to footer" href="#footers">Skip to footer</a>
</aside>
<div v-cloak>
<rbc-mega-menu
	ref="megamenu"
	:active-menu="activeMenuItem"
	:contrast-toggle="false"
	:links="nav.links"
	:flag-text="nav.flagText"
	:active-language="nav.currentLanguage"
	:languages="nav.languages"
	:secondary-links="nav.secondaryLinks"
	search-text="Search"
	search-placeholder="Enter search term and press enter to see all results"
	:show-search-results="searchResults.length > 0"
	:user-greeting="nav.userGreeting"
	:user-greeting-link="nav.userGreetingLink"
	:user-links="nav.userLinks"
	logo="https://cdn.rbcgam.com/assets/images/logos/rbc-gam-logo-en.svg"
	logo-link="/en/ca/"
	data-location="Main navigation"
	@languageupdated="toggleLanguage"
	@searchtermchanged="megaSearch"
	@searchsidenavsubmitted="mobileSearch"
	@keyup="megaSearchKeyUp"
	@voiceclicked="searchToggled"
>
	<div slot="nav.products">
		<div class="row">
  <div  key="nav.products.mutualfunds" class="col-md-3" > <span class="mega-menu-content-header"> 	Mutual funds </span>   <!-- navsec: <a href='/ca/products/mutual-funds' title='nav.products.mutualfunds'>nav.products.mutualfunds</a> -->
<ul class="mega-menu-content-items"> 	 	<!-- navsec2: <a href='/ca/products/mutual-funds/index' title='Mutual funds list'>Mutual funds list</a> -->
	 	 	<li  		key="Mutual funds list" 		class="mega-menu-content-item" 	> 		<a  			class="mega-menu-content-link" 			style="font-weight: 500;"  			href="/en/ca/products/mutual-funds/index" 			title="Mutual funds list" 		> 			Mutual funds list              		</a> 	</li> 	 	 	<!-- navsec2: <a href='/ca/products/mutual-funds/about' title='nav.products.aboutmutualfunds'>nav.products.aboutmutualfunds</a> -->
	 	 	<li  		key="nav.products.aboutmutualfunds" 		class="mega-menu-content-item" 	> 		<a  			class="mega-menu-content-link" 			  			href="/en/ca/products/mutual-funds/about/" 			title="About RBC mutual funds" 		> 			About RBC mutual funds              		</a> 	</li> 	 	 	<!-- navsec2: <a href='/ca/products/mutual-funds/rbc-fixed-income-pools' title='RBC Fixed Income Pools'>RBC Fixed Income Pools</a> -->
	 	 	<li  		key="RBC Fixed Income Pools" 		class="mega-menu-content-item" 	> 		<a  			class="mega-menu-content-link" 			  			href="/en/ca/products/mutual-funds/rbc-fixed-income-pools" 			title="RBC Fixed Income Pools" 		> 			RBC Fixed Income Pools              		</a> 	</li> 	 	 	<!-- navsec2: <a href='/ca/products/mutual-funds/rbc-portfolio-solutions' title='nav.products.rbcportfoliosolutions'>nav.products.rbcportfoliosolutions</a> -->
	 	 	<li  		key="nav.products.rbcportfoliosolutions" 		class="mega-menu-content-item" 	> 		<a  			class="mega-menu-content-link" 			  			href="/en/ca/products/mutual-funds/rbc-portfolio-solutions/" 			title="RBC Portfolio Solutions" 		> 			RBC Portfolio Solutions              		</a> 	</li> 	 	 	<!-- navsec2: <a href='/ca/products/mutual-funds/investment-recommendations' title='Investment recommendations'>Investment recommendations</a> -->
	 	 	 	<!-- navsec2: <a href='/ca/products/mutual-funds/rbc-investment-savings-account' title='RBC Investment Savings Account'>RBC Investment Savings Account</a> -->
	 	 	 	<!-- navsec2: <a href='https://rbcpcb.seismic.com/x5/doccenter.aspx#/doccenter/2b6046c0-9617-4155-8cde-220c18bf158e/main/%252Fdd88863eb4-9454-4142-bdcb-2ffbaa38787d%252Fddfb1c85fc-df84-44ae-8a2b-f6dbf02df156%252Fdd87874b32-5f1b-46ed-88db-1d261b9c5130/grid/title' title='RBC Investment Advantage'>RBC Investment Advantage</a> -->
	 	 	 	<!-- navsec2: <a href='/ca/products/mutual-funds/rbc-indigo-funds' title='RBC Indigo Funds'>RBC Indigo Funds</a> -->
	 	 	 </ul>  </div>    <div  key="nav.products.etfs" class="col-md-3" > <span class="mega-menu-content-header"> 	ETFs </span>   <!-- navsec: <a href='/ca/products/etfs' title='nav.products.etfs'>nav.products.etfs</a> -->
<ul class="mega-menu-content-items"> 	 	<!-- navsec2: <a href='/ca/products/etfs/index' title='ETFs list'>ETFs list</a> -->
	 	 	<li  		key="ETFs list" 		class="mega-menu-content-item" 	> 		<a  			class="mega-menu-content-link" 			style="font-weight: 500;"  			href="/en/ca/products/etfs/index" 			title="ETFs list" 		> 			ETFs list              		</a> 	</li> 	 	 	<!-- navsec2: <a href='/ca/products/etfs/rbc-ishares' title='About RBC iShares ETFs'>About RBC iShares ETFs</a> -->
	 	 	<li  		key="About RBC iShares ETFs" 		class="mega-menu-content-item" 	> 		<a  			class="mega-menu-content-link" 			  			href="/en/ca/products/etfs/rbc-ishares" 			title="About RBC iShares ETFs" 		> 			About RBC iShares ETFs              		</a> 	</li> 	 	 	<!-- navsec2: <a href='/ca/products/etfs/etf-investment-strategies' title='nav.products.etfinvestmentstrategies'>nav.products.etfinvestmentstrategies</a> -->
	 	 	<li  		key="nav.products.etfinvestmentstrategies" 		class="mega-menu-content-item" 	> 		<a  			class="mega-menu-content-link" 			  			href="/en/ca/products/etfs/etf-investment-strategies/" 			title="ETF investment strategies" 		> 			ETF investment strategies              		</a> 	</li> 	 	 </ul>  </div>    <div  key="nav.products.alternativeinvestments" class="col-md-3" > <span class="mega-menu-content-header"> 	Alternative investments </span>   <!-- navsec: <a href='/ca/products/alternative-investments' title='nav.products.alternativeinvestments'>nav.products.alternativeinvestments</a> -->
<ul class="mega-menu-content-items"> 	 	<!-- navsec2: <a href='/ca/products/alternative-investments/index' title='Alternative investments list'>Alternative investments list</a> -->
	 	 	<li  		key="Alternative investments list" 		class="mega-menu-content-item" 	> 		<a  			class="mega-menu-content-link" 			style="font-weight: 500;"  			href="/en/ca/products/alternative-investments/index" 			title="Alternative investments list" 		> 			Alternative investments list              		</a> 	</li> 	 	 	<!-- navsec2: <a href='/ca/products/alternative-investments/about' title='nav.products.aboutalternativeinvestments'>nav.products.aboutalternativeinvestments</a> -->
	 	 	<li  		key="nav.products.aboutalternativeinvestments" 		class="mega-menu-content-item" 	> 		<a  			class="mega-menu-content-link" 			  			href="/en/ca/products/alternative-investments/about/" 			title="About RBC alternative investments" 		> 			About RBC alternative investments              		</a> 	</li> 	 	 </ul>  </div>   								</div>
															</div>
	<div slot="nav.learnplan">
		<div class="row">
  <div  key="nav.learnplan.typesofinvestments" class="col-md-3" > <span class="mega-menu-content-header"> 	Types of investments </span>   <!-- navsec: <a href='/ca/learn-plan/types-of-investments' title='nav.learnplan.typesofinvestments'>nav.learnplan.typesofinvestments</a> -->
<ul class="mega-menu-content-items"> 	 	<!-- navsec2: <a href='/ca/learn-plan/types-of-investments/mutual-funds' title='nav.learnplan.whataremutualfunds'>nav.learnplan.whataremutualfunds</a> -->
	 	 	<li  		key="nav.learnplan.whataremutualfunds" 		class="mega-menu-content-item" 	> 		<a  			class="mega-menu-content-link" 			  			href="/en/ca/learn-plan/types-of-investments/mutual-funds/" 			title="All about mutual funds" 		> 			All about mutual funds              		</a> 	</li> 	 	 	<!-- navsec2: <a href='/ca/learn-plan/types-of-investments/etfs' title='nav.learnplan.whatareetfs'>nav.learnplan.whatareetfs</a> -->
	 	 	<li  		key="nav.learnplan.whatareetfs" 		class="mega-menu-content-item" 	> 		<a  			class="mega-menu-content-link" 			  			href="/en/ca/learn-plan/types-of-investments/etfs/" 			title="ETF Learning Centre" 		> 			ETF Learning Centre              		</a> 	</li> 	 	 </ul>  </div>    	   		  		 		 		 		<div class="col"> <rbc-media-card  	card  	:articles="[{id: 'Retirement resource centre', 	name: 'Retirement resource centre', 	link: '/en/ca/learn-plan/retirement-resources', 	title: 'Retirement resource centre', 	summary: 'Your one-stop retirement resource centre. Learn about all phases of the retirement journey -- from starting early to living in retirement.', 	}]"  	columns="1" 	class="h-100" ></rbc-media-card> 		</div> 		 	    	   		  		 		 		 		<div class="col"> <rbc-media-card  	card  	:articles="[{id: 'Investment basics', 	name: 'Investment basics', 	link: '/en/ca/learn-plan/investment-basics', 	title: 'Investment basics', 	summary: 'Learn about the basic principles of investing to make smarter decisions about your money.', 	}]"  	columns="1" 	class="h-100" ></rbc-media-card> 		</div> 		 	    	   		  		 		 		 		<div class="col"> <rbc-media-card  	card  	:articles="[{id: 'Investment strategies', 	name: 'Investment strategies', 	link: '/en/ca/learn-plan/investment-strategies', 	title: 'Investment strategies', 	summary: 'Learn strategies to help you identify your goals and gain a deeper understanding of the investing world.', 	}]"  	columns="1" 	class="h-100" ></rbc-media-card> 		</div> 		 	     								</div>
																						<div class="text-right mt-1">
			<a class="link-chev" href="/en/ca/learn-plan/index">
				View all learn & plan articles
			</a>
		</div>
			</div>
	<div slot="nav.aboutus">
		<div class="row">
  	   		  		 		 		 		<div class="col"> <rbc-media-card  	card  	:articles="[{id: 'Our story', 	name: 'Our story', 	link: '/en/ca/about-us/our-story', 	title: 'Our story', 	summary: '', 	}]"  	columns="1" 	class="h-100" ></rbc-media-card> 		</div> 		 	    	   		  		 		 		 		<div class="col"> <rbc-media-card  	card  	:articles="[{id: 'Responsible investment', 	name: 'Responsible investment', 	link: '/en/ca/about-us/ri', 	title: 'Responsible investment', 	summary: '', 	}]"  	columns="1" 	class="h-100" ></rbc-media-card> 		</div> 		 	    	   		  		 		 		 		<div class="col"> <rbc-media-card  	card  	:articles="[{id: 'Our teams', 	name: 'Our teams', 	link: '/en/ca/about-us/our-teams', 	title: 'Our teams', 	summary: '', 	}]"  	columns="1" 	class="h-100" ></rbc-media-card> 		</div> 		 	    	   		  		 		 		 		<div class="col"> <rbc-media-card  	card  	:articles="[{id: 'RBC iShares', 	name: 'RBC iShares', 	link: '/en/ca/about-us/about-rbc-ishares', 	title: 'RBC iShares', 	summary: '', 	}]"  	columns="1" 	class="h-100" ></rbc-media-card> 		</div> 		 	    	   		  		 		 		 		<div class="col"> <rbc-media-card  	card  	:articles="[{id: 'Leadership', 	name: 'Leadership', 	link: '/en/ca/about-us/leadership', 	title: 'Leadership', 	summary: '', 	}]"  	columns="1" 	class="h-100" ></rbc-media-card> 		</div> 		 	   								</div>
																							</div>
	<div slot="search-results" data-location="Mega search">
			    <table class="table table-border-horizontal mega-menu-search-results-item table-hover">
	        <tbody>
				<tr v-for="(r, i) in searchResults" @click.prevent="megaSearchResultClick(r, $event)">
					<td :class="{'b-blue-tint-5': i == searchResultsActive}" class="px-0"><rbc-tag class="mx-0 nowrap" size="small" v-text="(r.type == 'mf')? 'Mutual fund' : 'ETF'"></rbc-tag></td>
										<td :class="{'b-blue-tint-5': i == searchResultsActive}"><a :href="(r.type == 'mf')? '/en/ca/products/mutual-funds/' + r.fundCode + '/detail/' : '/en/ca/products/etfs/' + r.fundCode + '/detail/'">{{r.fundCode}}</a></td>
					<td :class="{'b-blue-tint-5': i == searchResultsActive}"><a :href="(r.type == 'mf')? '/en/ca/products/mutual-funds/' + r.fundCode + '/detail/' : '/en/ca/products/etfs/' + r.fundCode + '/detail/'">{{r.fundName}}</a></td>
					<td :class="{'b-blue-tint-5': i == searchResultsActive}" v-html="r.series">{{r.series}}</td>
					<td :class="{'b-blue-tint-5': i == searchResultsActive}" v-html="r.assetClass">{{r.assetClass}}</td>
									</tr>
			</tbody>
	    </table>
	    <ul class="list-links">
	        <li class="mega-menu-search-results-item">
	            <component :is="searchTerm != ''? 'a': 'span'" :href="searchAllLink" class="link-chev">See all results</component>
	        </li>
	        <li class="mega-menu-search-results-item">
	            <component :is="searchTerm != ''? 'a': 'span'" :href="searchProductLink" class="link-chev">See results in Products</component>
	        </li>
	        <li class="mega-menu-search-results-item">
	        	<component :is="searchTerm != ''? 'a': 'span'" :href="searchInsightLink" class="link-chev">See results in Insights</component>
	        </li>
	    </ul>
	</div>
</rbc-mega-menu>
</div>
<div v-cloak>
	<rbc-modal
		:active="isharesModalIsActive"
		button-cancel="Close"
		button-size="medium"
		class="ishares"
		@toggle="isharesModalIsActive = false"
	>
		<div 
			slot="header"
			class="w-100 d-flex justify-content-between"
		>
			<img src="/_assets/images/logos/rbc-ishares-logo.svg" alt="RBC iShares" class="ishares-logo">
			<button 
				aria-label="Close"
				class="modal-close"
				@click="isharesModalIsActive = false"
			>
				<rbc-icon
					role="presentation"
					icon="times"
				/>
			</button>
		</div>
		<h2 class="h3">
			Welcome to the new RBC iShares digital experience.
		</h2>
		<p class="mt-1">
			Find all things ETFs here: <a href="/en/ca/products/etfs/etf-investment-strategies/">investment strategies</a>, <a href="/en/ca/products/etfs/">products</a>, <a href="/en/ca/insights/etf-insights">insights</a> and more.
		</p>

	</rbc-modal>
</div>                                    <!-- main container here -->
                                                                                                                                            
                                                                        <main id="main" v-cloak class="content-wrapper ">
                                                                 
                    <rbc-hero  		 		 			:breadcrumb="[{text:'Products'},{text:'Mutual funds',href:'/en/ca/products/mutual-funds/'},{text:'RBC Portfolio Solutions',href:'/en/ca/products/mutual-funds/rbc-portfolio-solutions/'},  {text:'RBC Managed Payout Solutions'}]" 		 	 		 	data-location="Hero banner" 	:border="true" 	 	 	 	:card="false" 	card-position="left" 	 	category-color="sky" 	:center="false"  	  	 	  		:full-width="false" 		image="/contentAsset/image/dc4e3795-b904-42db-8b14-ba151bb71b74/fileAsset/filter/Resize,Jpeg/resize_w/1680/jpeg_q/86/" 	 	:image-bottom="true" 	subtitle="Helping you create tax-wise cash flow" 	 	title="RBC Managed Payout Solutions" 	 	v-cloak > 	 </rbc-hero>  <div class="container px-0">  	  </div> 
<rbc-style>
    .hero-subtitle{
        width: 80%;
    }
                    
    .hero-energy-lines {
        width: 70%;
        right: -10;
        bottom: -15;
    }
    
    @media (max-width: 575.98px) {
        .hero-energy-lines {
            background-size: 200% auto;
            width: 100%;
        }
    }
</rbc-style><div class="content-body"><!-- Desktop -->
<div class="rbc-pinned"
    :class="{ 'expand-menu': menuHorizontalExpanded }">
    <nav
            id="ri-nav"
            aria-label="Anchor navigation"
            class="container rbc-nav-bar overlap-top overlap-bottom"
    >
        <ul role="menu" class="rbc-nav-bar-items">
            <li role="none" class="rbc-nav-bar-item" v-for="item in anchorNavigation.items">
                <a
                        @click.prevent="navigateByUrl($event, 'desktop')"
                        :href="item.href"
                        class="rbc-nav-bar-link nav-link"
                        role="menuitem"
                        :class="{ active: item.active }"
                >{{ item.content }}</a>
            </li>
        </ul>
    </nav>
</div>

<!-- Mobile -->
<div class="rbc-pinned-mob">
    <rbc-expandable
            :arrow="true"
            :expanded="anchorNavigation.mobileExpanded"
            ref="rbcExpandableMobile"
            id="ri-nav-mob"
            class="container"
            @expandopen="openMobileExpand()"
            @expandclose="closeMobileExpand()"
    >
        <template #trigger>
            <div class="mob-nav-item">
                <a
                        id="rbc-target-link"
                        class="mob-nav-link"
                                                :href="anchorNavigation.currentHref"
                >{{ anchorNavigation.currentTarget }}</a>
            </div>
        </template>
        <nav class="mob-nav-items" role="menu">
            <div class="mob-nav-item" v-for="item in anchorNavigation.items" role="none">
                <a
                    @click.prevent = "closeMobileExpand();navigateByUrl($event, 'mobile')"
                    :href="item.href"
                    class="mob-nav-link nav-link"
                                        role="menuitem"
                >{{ item.content }}</a>
            </div>
        </nav>
    </rbc-expandable>
</div>

<script type="application/javascript">

    let lastScrollTop = 0; 
    let scrollDown = false; 
    vueData.menuHorizontalExpanded = false;
    vueData.shiftInPixels = 135;
    vueData.mobileShiftInPixels = 108;
    vueData.deskScrollShift = 107;
    vueData.sections = Array.from(document.querySelectorAll('section[data-location]'));
    vueData.currentScrollPosition = window.pageYOffset;

    vueData.anchorNavigation = {
        mobileExpanded: false,
        currentTarget: "Why RBC Managed Payout Solutions?",
        currentHref: "#",
        items: [
            {
                href: "#why-rbc-mps",
                content: "Why RBC Managed Payout Solutions?",
                dataLocation: [
                    "RBC Managed Payout Solutions - Why RBC Managed Payout Solutions?"
                ],
                active: false
            },
            {
                href: "#cash-flow",
                content: "Tax-efficient cash flow",
                dataLocation: [
                    "RBC Managed Payout Solutions - Generating tax-wise cash flow"
                ],
                active: false
            }, 
            {
                href: "#return-of-capital",
                content: "Understanding return of capital",
                dataLocation: [
                    "RBC Managed Payout Solutions - Understanding Return of Capital - Video"
                ],
                active: false
            },
            {
                href: "#savings",
                content: "Making the most of your savings",
                dataLocation: [
                    // "RBC Portfolio Solutions - media cards - A solution to meet all your investment needs - EDS advisor",
                    "RBC Managed Payout Solutions - Making the most of your savings"
                ],
                active: false
            },
             {
                href: "#our-solutions",
                content: "Our solutions",
                dataLocation: [
                    "RBC Managed Payout Solutions - funds"
                ],
                active: false
            },
            {
                href: "#learn-and-plan",
                content: "Learn & plan",
                dataLocation: [
                    "RBC Managed Payout Solutions - Learn & plan"
                ],
                active: false
            },
        ]
    }
    
    vueMethods.navigateByUrl = function(event, type) {
        if (!!type && type === 'mobile') {
            this.closeMobileExpand();
        }
        setTimeout(() => {
            let id = event?.target?.getAttribute('href');
            this.scrollToElement(id, type);
        }, 500);
    }

    vueMethods.closeMobileExpand = function() { 
        this.anchorNavigation.mobileExpanded = false;
    }
    
    vueMethods.openMobileExpand = function () { 
        this.anchorNavigation.mobileExpanded = true;
    }

    vueMethods.handleScroll = function() {
        this.changeScrollDirection();
        this.shiftDown();
        this.expandMenu();
        this.navBarLinks.forEach(link => this.handleMenuItem(link));
    }
    
    vueMethods.expandMenu = function() {
        if (window.pageYOffset > 100) {
            this.menuHorizontalExpanded = true;
        } else {
            this.menuHorizontalExpanded = false;
        }
    }

    vueMethods.shiftDown = function() {
        this.currentScrollPosition = window.pageYOffset;

        if(this.getCurrentWidth() <= 990) return;
        
       const menu = this.isScreenWidthLarge() ? this.menu : this.mobileMenu;
        
        if (this.currentScrollPosition > this.initialYPosition - 100 && (!this.$refs.megamenu.$el.classList.contains('nav-scroll-down'))) {
            menu.style.top = "84px";
        } else {
            menu.style.top = "54px";
        }
    }

    vueMethods.getCurrentWidth = function() {
        return window.innerWidth ||
            document.documentElement.clientWidth ||
            document.body.clientWidth;
    }

    vueMethods.handleMenuItem = function(menuItem) {
        const sectionId = menuItem.getAttribute('href');
        const currentAnchorSection = this.anchorNavigation.items
            .find(item => item.href === sectionId);
        if (!currentAnchorSection) return;

        const section = this.sections.find(section => currentAnchorSection.dataLocation.includes(section.dataset.location));
    
        if (!section) return;

        const sectionRect = section.getBoundingClientRect();
        const sectionTop = sectionRect.top + this.currentScrollPosition  - this.shiftInPixels;
        const sectionBottom = sectionRect.bottom + this.currentScrollPosition - this.shiftInPixels;

        if (this.currentScrollPosition >= sectionTop && this.currentScrollPosition < sectionBottom) {
            if (this.isScreenWidthLarge()) {
                currentAnchorSection.active = true;
            } else {
                this.anchorNavigation.currentHref = menuItem.getAttribute('href');
                this.anchorNavigation.currentTarget = menuItem.textContent;
            }
        } else {
            currentAnchorSection.active = false;
        }
    }

    vueMethods.isScreenWidthLarge = function() {
        const screenWidth = window.innerWidth ||
            document.documentElement.clientWidth ||
            document.body.clientWidth;
        return screenWidth >= 1199;
    }

    vueMethods.scrollToElement = function(href, type) {
        const element = this.findSection(href);
        const bodyRect = document.body.getBoundingClientRect().top;
        const elementRect = element.getBoundingClientRect().top;
        const elementPosition = elementRect - bodyRect;
        let offsetPosition;
        
        if (type === 'mobile') {
            offsetPosition = elementPosition - this.mobileShiftInPixels;
        } else {
            offsetPosition = elementPosition - this.deskScrollShift;
        }
        
        window.scrollTo({
            top: offsetPosition,
            behavior: "smooth"
        });
    }
    
    vueMethods.findSection = function(href) {
        const sectionById = this.anchorNavigation.items.find(section => section.href === href);

        for (const dl of sectionById.dataLocation) {
            const section = document.querySelector(`[data-location="${dl}"]`);
            if (section) return section;
        }
        
        return null;
    }
    
     vueMethods.changeScrollDirection = function() {
        let scrollTop = window.pageYOffset || document.documentElement.scrollTop; 

        if (scrollTop > lastScrollTop) {
            scrollDown = true;
        } else {
            scrollDown = false; 
        }
    
        lastScrollTop = scrollTop; 
    }

    vueMounted.push(function (_self) {
        const heroSelector = _self.themeVersion == "wm3" ? ".rbc-hero" : ".hero";
        _self.initialYPosition = document.querySelector(heroSelector).offsetHeight;
        _self.menu = document.querySelector(".rbc-pinned");
        _self.mobileMenu = document.querySelector(".rbc-pinned-mob");
        _self.navBarLinks = document.querySelectorAll('.rbc-nav-bar-link');
        _self.sections = Array.from(document.querySelectorAll('section[data-location]'));

        window.addEventListener("scroll", _self.handleScroll);
    });
</script>


<rbc-style>
    #ri-nav {
        position: relative;
    }

    .dropdown-wrapper {
        padding: 0 30px;
    }

    .rbc-pinned::before {
        content: "";
        position: absolute;
        top: 0;
        left: 50%;
        transform: translateX(-50%);
        width: 50%;
        height: 100%;
        background-color: #006ac3;
        z-index: -1;
        transition: all 0.5s ease;
    }

    .expand-menu::before {
        width:100%;
    }

    .rbc-nav-bar-link{
        position:relative;
        color:#fff;
        font-size:16px;
    }

    .rbc-nav-bar-link::after {
        content: '';
        position: absolute;
        left: 0;
        bottom: -3px;
        height: 1px;
        width: 100%;
        background: #fff;
        transform: scaleX(0);
        transform-origin: right;
        transition: transform 0.5s ease-in-out;
    }

    .rbc-nav-bar-link:hover::after,
        .active::after {
        transform-origin: left;
        transform: scaleX(1);
    }

    .mob-nav-link .active {
        border-bottom: 1px #fff solid;
    }

    #ri-nav-mob #ri-nav-mobButtonTrigger {
        align-items: center;
        justify-content: space-between;
    }

    .expandable-content-wrapper{
        margin-top: 0 !important;
    }

    #ri-nav-mobButtonTrigger .expandable-arrow:before, #ri-nav-mobButtonTrigger .fa-angle-down:before {
        color: white;
    }

            
    #ri-nav-mob {
        background-color: #006ac3;
        padding-left: 30px;
        padding-right: 30px;
        display: none;
        z-index:99
    }

    .mob-nav-item {
        list-style: none;
        padding-top: 15px;
        padding-bottom: 15px;
    }

    .mob-nav-link {
        color: white;
        padding: 16px 0;
    }

    .mob-nav-link:hover {
        color: white !important;
    }

    .rbc-pinned, .rbc-pinned-mob {
    position: sticky;
        top: 54px;
        margin-top:-35px;
        margin-bottom:35px;
        transition: all .3s ease-in-out;
        z-index:99;
    }

    #ri-nav {
        background-color: #006ac3;
    }

    .rbc-nav-bar-link {
        position:relative;
        color: #fff;
        font-size: 14px;
    }

    .rbc-nav-bar-item {
        padding-top: 15px;
        padding-bottom: 15px;
        flex-grow: 1;
    }
    
    .rbc-nav-bar-link:hover {
        color: #fff;
        text-decoration: none;
        border-bottom: none;
    }

                
    .rbc-nav-bar-link:focus {
        outline: 2px solid #fff;
        outline-offset: 1px;
    }

    #ri-nav .rbc-nav-bar-items {
        display: flex;
        list-style-type: none;
    }

    @media only screen and (max-width: 1199px) {
        #ri-nav .rbc-nav-bar-items {
            grid-template-columns: repeat(auto-fit, minmax(200px, 1fr));
        }
        #ri-nav {
            display: none;
        }
        #ri-nav-mob {
            display: block;
        }
    }
</rbc-style>  	  	   
                                                       
 	     	 
				  	                              			        	<rbc-block
										title=""
										footer-cta-link=""		footer-cta-text=""				footer-cta-align="left"
				class=" pb-0 None"
		columns="12"
				disclaimer-trigger-label="Disclosure"
		data-location="Managed Payout Solutions - Grey Intro - BRING BACK"
	>
		<div class="well mb-1 pb-2">
<p class="grey-block">With Canadians expected to live longer and potentially enjoy 20 to 30 years in retirement, finding a way to generate income over the long term is critical. RBC Managed Payout Solutions can provide the cash flow you need today, while helping to manage the impact to your capital.</p>
</div>
<rbc-style>
    .grey-block {
        max-width: 65rem !important;
    }
</rbc-style>


<!--
<rbc-block
	grey
	:columns="12"
	:container="false"
	>
	<p>
		You’ve worked hard to accumulate your wealth. But just because you are tapping into your assets does not mean you have to tap them out. RBC Managed Payout Solutions can provide the cash 
        flow you need today, while helping to manage the impact to your capital.
	</p>
</rbc-block>
-->
		 		 	</rbc-block>
       	  	   
                                                       
				  	                              			        	<rbc-block
										title="Why RBC Managed Payout Solutions?"
						cta-link=""		cta-text=""								footer-cta-align="left"
				class=" pb-0 None"
		columns="12"
				disclaimer-trigger-label="Disclosure"
		data-location="RBC Managed Payout Solutions - Why RBC Managed Payout Solutions?"
	>
		<!-- <h3>Sustainable cash flow</h3>
<p>Distributions are reviewed annually and adjusted, if necessary, to provide sustainable and predictable cash flow.</p>

<h3>Flexibility and liquidity</h3>
<p>Investors have access to their money should unexpected needs arise.</p>
    
<h3>Tax-efficient payouts</h3>
<p>Diversification of cash flow sources can result in higher after-tax cash flow relative to investments that pay only interest income.</p>

<h3>Growth potential</h3>
<p>Equity exposure increases the potential for capital appreciation and helps keep pace with inflation over the long term.</p>
<h3>Choice of payout rates</h3>
<p>Investors can choose the payout level that fits their lifestyle goals (with 5%, 6% or 7% payout options).</p> -->

<div id="why-rbc-mps" class="container">
<div class="row">
    <div class="col">
        <rbc-video
			video-id="6352053352112"
			class="mb-1">
		</rbc-video>
    </div>
    
    <div class="col">
        <p>Investing to create income is different from investing to build up your savings. RBC Managed Payout Solutions provide tax-efficient monthly cash flow from your investments. They also help manage the impact of market movements on your capital to help make your money last.</p>
        <p>If you want to learn more on how RBC Managed Payout Solutions can help you create a tax-wise cash flow, watch this video.</p>
        <p><a href="/en/ca/transcript/rbc-managed-payout-solutions/detail">See transcript ></a></p>
        
    </div>
</div>
<div class="row">
    <img alt="" role="none" src="/_assets/images/graphics/mps-city-scape.svg">
</div>
</div>


<!--
<div class="mb-1 w-lg-75" style="position: relative; display: block;">
<div style="padding-top: 56.25%;">  <rbc-video style="position: absolute; top: 0px; right: 0px; bottom: 0px; left: 0px; width: 100%; height: 100%;"
					    video-id="6352053352112"
					    class="mb-1">
					    </rbc-video>
					   					    </div>
</div>
<a href="/en/ca/transcript/why-rbc-global-portfolios/detail" target="_blank">View transcript</a><BR><BR>
    
<p>Today&rsquo;s investors are looking for more global investment options. RBC Global Portfolios bring together our strong global equity and global fixed income capabilities in a new solution &ndash; drawing on over 35 years of experience building and managing asset allocation solutions.</p>
-->
		 		 	</rbc-block>
       	  	   
                                                       
      	<rbc-block
						grey		title="Income for the long term"
		description=""
				footer-cta-link=""
				footer-cta-text=""
				class=" None"
		columns="12"
				disclaimer-trigger-label="Disclosure"
		data-location="RBC Managed Payout Solutions - Why deliver predictable cash flow?"
	>
		<div class="row justify-content-center text-md-center ">
		 		 			  			 		 					<div class="col-md-4 section-block-spacer-sm">
				<div class="d-flex d-md-block ">
					 					<div class="d-flex d-md-block flex-grow-0 flex-md-grow-1 mb-md-1">
						<rbc-caption
							class="d-md-inline-flex d-block"
							avatar-size="xxlarge"
                            															image="/_assets/images/icons/icon-drip-dollar-blue.svg"
								class=""
								:circle="false"													></rbc-caption>
					</div>
					 					<div class="pl-1 pl-md-0 pt-half pt-md-0">
						 						<h3 >Tax-efficient cash flow</h3>
						 						 						 						<div class="caption">
							<p>Diversification of cash flow sources helps generate greater tax efficiency.</p>
						</div>
						 					</div>
				</div>
			</div>
					<div class="col-md-4 section-block-spacer-sm">
				<div class="d-flex d-md-block ">
					 					<div class="d-flex d-md-block flex-grow-0 flex-md-grow-1 mb-md-1">
						<rbc-caption
							class="d-md-inline-flex d-block"
							avatar-size="xxlarge"
                            															image="/_assets/images/icons/money.svg"
								class=""
								:circle="false"													></rbc-caption>
					</div>
					 					<div class="pl-1 pl-md-0 pt-half pt-md-0">
						 						<h3 >Steady monthly income</h3>
						 						 						 						<div class="caption">
							<p>&nbsp;Get predictable monthly payouts for your regular spending needs.</p>
						</div>
						 					</div>
				</div>
			</div>
					<div class="col-md-4 section-block-spacer-sm">
				<div class="d-flex d-md-block ">
					 					<div class="d-flex d-md-block flex-grow-0 flex-md-grow-1 mb-md-1">
						<rbc-caption
							class="d-md-inline-flex d-block"
							avatar-size="xxlarge"
                            															image="/_assets/images/icons/graph.svg"
								class=""
								:circle="false"													></rbc-caption>
					</div>
					 					<div class="pl-1 pl-md-0 pt-half pt-md-0">
						 						<h3 >Prudent annual adjustments</h3>
						 						 						 						<div class="caption">
							<p>Payout levels are reviewed every year and adjusted, if necessary, to help make your money last.</p>
						</div>
						 					</div>
				</div>
			</div>
		 		</div>
         		 	</rbc-block>
       	  	   
                                                       
				  	                              			        	<rbc-block
										title=""
						cta-link=""		cta-text=""								footer-cta-align="left"
				class=" None"
		columns="12"
				disclaimer-trigger-label="Disclosure"
		data-location="RBC Managed Payout Solutions - Generating tax-wise cash flow"
	>
		
<div id="cash-flow">
<rbc-block
	columns="12"
	title="Generating tax-wise cash flow"
	description="RBC Managed Payout Solutions invest in a balanced mix of fixed income, equities, alternatives and cash, with a focus on Canadian equities that pay dividends. These asset classes generate different types of income which are taxed differently. Capital gains, Canadian dividends and return of capital increase overall tax efficiency because they are taxed more favourably than interest income. By receiving cash flow from a mix of sources, you keep more of what you earn. That's tax-wise investing.">
    
    <h3>What you keep matters:</h3>
    <p>How taxes affect $1,000 of investment income from different sources</p>
    
    <img src="/_assets/images/infographics/mps-bar-graph.svg">
    
    <p class="footnote footnote-block">*Represents eligible Canadian dividends with a federal tax credit of 15%. Illustration uses 2023 tax rates for an individual earning ordinary income of $100,000 and resident in Ontario. Assumes a marginal tax rate of 33.9%. ROC distributions are not taxable in the year they are received, but do lower your adjusted cost base, which could lead to a higher capital gain or a smaller capital loss when the investment is eventually sold. Income shown for RBC Managed Payout Solution (Series A) has a distribution breakdown of 24% interest, 20% capital gains, 13% Canadian dividends, and 43% ROC. Please note that tax rates are unique to the circumstances of each individual and province they live in.</p>
   
			
</rbc-block>
</div>


<rbc-style>
    .footnote-block {
        max-width: 65rem !important;
    }
</rbc-style>
		 		 	</rbc-block>
       	  	   
                                                       
				  	                              			          	<rbc-block
						grey		title="Understanding return of capital"
		class=""
		columns="12"
				disclaimer-trigger-label="Disclosure"
		data-location="RBC Managed Payout Solutions - Understanding Return of Capital - Video"
	>
		  		 		  		 		<div class="row">
					<div class="section-block-spacer col-md-6 ">
																																																				<rbc-video
					:aspect-ratio="null"
					embed-style="padding-top: 56.25%;"
					video-id="6355723143112"
														
				></rbc-video>
			</div>
					<div class="col-md-6 ">
										<div id="return-of-capital">
<p><span>Return of capital (ROC) is a payout from an investment that represents a portion of your money coming back to you. ROC can be used to help create predictable, tax-efficient monthly cash flow. Watch this video to learn more.</span></p>
</div>

<br>
<p><a href="/en/ca/transcript/understanding-return-of-capital/detail">See transcript ></a></p>
									</div>
		</div>
					</rbc-block>
       	  	   
                                                       
				  	                              			        	<rbc-block
										title="Making the most of your savings"
										footer-cta-link=""		footer-cta-text=""				footer-cta-align="left"
				class=" None"
		columns="12"
				disclaimer-trigger-label="Disclosure"
		data-location="RBC Managed Payout Solutions - Making the most of your savings"
	>
		<div id="savings">
<div class="container">
    <div class="row">
        <div class="col-12">
            It's vital to protect your investment as you receive your monthly payouts. You also need some modest growth to help make your savings last. With RBC Managed Payout Solutions, you can have both.
        </div>
    </div>
    <br>
    <div class="row">
        <div class="col-12">
            Let's say you invested $100,000 in the RBC Managed Payout Solution at the end of 2013. The fund has a 5% target payout rate. By the end of 10 years, you would have received $47,432 in cumulative payouts, and the market value of your investment is $84,836.
        </div>
    </div>
    <br>
    <div class="row">
        <img src="/_assets/images/infographics/mps-cashflow.svg">
    </div>
    <div class="row">
        <div class="col-12">
            <p class="footnote footnote-block">Illustration shows cashflow of <a href="/en/ca/products/mutual-funds/RBF581/detail">RBC Managed Payout Solution - Series A</a> from December 31, 2013 to December 31, 2023. Cash distributions in excess of earnings reduce the asset base of the Fund and can hinder the Fund's ability to meet its investment objectives.</p>
            
        </div>
    </div>
</div>
</div>

<rbc-style>
    .footnote-block {
        max-width: 65rem !important;
    }
</rbc-style>
		 		 	</rbc-block>
       	  	   
                                                       
				  	                              			        	<rbc-block
						grey				title="Sustaining your income year after year"
										footer-cta-link=""		footer-cta-text=""				footer-cta-align="left"
				class=" None"
		columns="12"
				disclaimer-trigger-label="Disclosure"
		data-location="RBC Managed Payout Solution - Sustaining your income year after year"
	>
		<div class="container">
    <div class="row">
        <div class="col-12">
            Market conditions are constantly changing. To help preserve your wealth, RBC Global Asset Management reviews your payouts annually to assess the impact of market fluctuations on your investment and determine whether changes to distribution levels are required. Prudent adjustments are then made to help protect your hard-earned money.
        </div>
    </div>
</div>
		 		 	</rbc-block>
       	  	   
                                                       
				  	                              			        	<rbc-block
										title="Choose the solution that's right for you"
										footer-cta-link=""		footer-cta-text=""				footer-cta-align="left"
				class=" None"
		columns="12"
				disclaimer-trigger-label="Disclosure"
		data-location="RBC Managed Payout Solutions - Choose the solution that's right for you"
	>
		<div class="container">
 
  <div class="row">
      <img src="/_assets/images/infographics/mps-donut-charts.svg">
  </div>
  <!--
  <div class="row">
      <img src="/_assets/images/infographics/mps-table.png" style="width: 100%;">
  </div>
  -->
  <div class="row">
      <div class="col-12">
        <p class="footnote footnote-block">This is the strategic asset mix for each fund. Allocations may be tactically adjusted based on the views of the RBC GAM Investment Strategy Committee and the RBC GAM Investment Policy Committee. Payouts, cash flow, and distributions should not be confused with mutual fund rates of return.</p>
     
      </div>
  </div>

</div>

<rbc-style>
    
    img{
        height: auto; 
        max-width: 100%;
    }
    
    .footnote-block {
        max-width: 65rem !important;
    }
</rbc-style>
		 		 	</rbc-block>
       	  	   
                                                       
				  	                              			            	<rbc-block 
								title="Our solutions"
		description=""
		cta-link=""
		cta-text=""
		class=""
		columns="12"
		data-location="RBC Managed Payout Solutions - funds"
	>
		<ul class="row list-links-chev">
					<li class="col-lg-4 col-sm-6 list-links-chev-item">
				<a href="/en/ca/products/mutual-funds/RBF581/detail/" title="RBC Managed Payout Solution" class="link-chev list-links-chev-link list-divider-item">
					RBC Managed Payout Solution
				</a>
			</li>
					<li class="col-lg-4 col-sm-6 list-links-chev-item">
				<a href="/en/ca/products/mutual-funds/RBF582/detail/" title="RBC Managed Payout Solution - Enhanced" class="link-chev list-links-chev-link list-divider-item">
					RBC Managed Payout Solution - Enhanced
				</a>
			</li>
					<li class="col-lg-4 col-sm-6 list-links-chev-item">
				<a href="/en/ca/products/mutual-funds/RBF578/detail/" title="RBC Managed Payout Solution - Enhanced Plus" class="link-chev list-links-chev-link list-divider-item">
					RBC Managed Payout Solution - Enhanced Plus
				</a>
			</li>
				</ul>
	</rbc-block>
       	  	   
                                                       
				  	                              			             	<rbc-block
						grey				class=" None"
		columns="12"
		data-location="RBC Managed Payout Solutions - CTA - CalloutBox"
	>
		<div class="d-flex">
						<div class="pr-1 pr-md-2 flex-grow-0">
				<rbc-caption
					avatar-size="xlarge"
					image="/_assets/images/icons/professional.svg"
					class=""
					:circle="false"				></rbc-caption>
			</div>
												<div class="d-block d-md-flex align-items-center w-100">
				<div class="pr-md-2 my-0 my-md-half paragraph-max">
																<p><span>To learn more about RBC Managed Payout Solutions, speak to an advisor.</span></p>
									</div>
				
							</div>
					</div>
	</rbc-block>
       	  	   
                                                       
				  	                              			        	<rbc-block
										title="Learn &amp; plan"
										footer-cta-link=""		footer-cta-text=""				footer-cta-align="left"
				class=" None"
		columns="12"
				disclaimer-trigger-label="Disclosure"
		data-location="RBC Managed Payout Solutions - Learn & plan"
	>
		
<div id="learn-and-plan">
<rbc-media-card
links-align-start
    :articles="[
        {
            image:'/_assets/images/banners/young-woman-driving-convertible-with-dog.jpg',
            category: 'Getting ready to retire',
            link: '/en/ca/learn-plan/retirement-resources/roc-solid/detail',
            title: 'ROC solid',
            summary: 'By investing in solutions that include return of capital (ROC), creating a reliable stream of cash flow doesn’t have to be complicated'
        },
        {
            image:'/_assets/images/banners/retirees-talk-over-a-computer.jpg',
            category: 'Getting ready to retire',
            link: '/en/ca/learn-plan/retirement-resources/three-ways-to-create-income-for-your-retirement/detail',
            title: 'How to make retirement savings last',
            summary: 'As you retire, you may be asking, “How do I create a stable retirement income and how do I make my income last?” This article looks at three ways to do both.'
        },
        {
            image: '/_assets/images/banners/elderly-man-looking-off-happily.jpg',
            category: 'Living in retirement',
            link: '/en/ca/learn-plan/retirement-resources/when-the-paycheques-stop/detail',
            title: 'When the paycheques stop',
            summary: 'One of the first things to consider when planning for retirement is where your income will come from after your paycheques stop'
        },
      ]"
    columns="3"
    card
></rbc-media-card>
</div>
		 		 	</rbc-block>
     </div>

                            </main>
                                                                                    <rbc-block role="complementary" id="disclaimer" v-cloak flush grey class="py-1" style="border-top: 1px #b3b3b3 solid;">
	<rbc-expandable arrow arrow-position="left">
		<div slot="trigger">
			<h2 class="h5">Disclosure</h2>
		</div>
		Please consult your advisor and read the prospectus or Fund Facts document before investing. 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 repeated. RBC Funds, BlueBay Funds and PH&N Funds are offered by RBC Global Asset Management Inc. and distributed through authorized dealers.
			</rbc-expandable>
</rbc-block>
<footer v-cloak id="footers" class="footer style-focus-inverted"><div class="footer-top" data-location="Footer menu"><div class="container"><div class="row"><h2 class="sr-only">Footer</h2>
<div class="col-lg-3 col-md-6"><h3 class="footer-header">Products
</h3><ul class="list-links footer-list"><li><a href="/en/ca/products/mutual-funds/" >Mutual funds</a></li><li><a href="/en/ca/products/etfs/index" >RBC iShares ETFs</a></li><li><a href="/en/ca/products/alternative-investments/" >Alternative investments</a></li></ul></div><div class="col-lg-3 col-md-6"><h3 class="footer-header">Investor information
</h3><ul class="list-links footer-list"><li><a href="/en/ca/products/mutual-funds/?tab=documents&fundfacts=true" >Fund facts (mutual funds)</a></li><li><a href="/en/ca/products/etfs/index?tab=documents&fundfacts=true" >Fund facts (RBC iShares ETFs)</a></li><li><a href="/en/ca/products/pfic-reporting" >PFIC reporting</a></li><li><a href="/en/ca/products/financial-reports-prospectuses" >Regulatory documents</a></li><li><a href="/en/ca/products/fund-governance/" >Fund governance</a></li><li><a href="/en/ca/products/proxy-voting/" >Proxy voting</a></li><li><a href="/en/ca/products/unclaimed-property" >Unclaimed property</a></li><li><a href="/en/ca/products/important-investor-information" >Important investor information</a></li></ul></div><div class="col-lg-3 col-md-6"><h3 class="footer-header">About RBC GAM</h3><ul class="list-links footer-list"><li><a href="/en/global/corporate-story/" >Our story</a></li><li><a href="/en/ca/about-us/news-releases" >Media centre</a></li><li><a href="/en/ca/about-us/contact-us" >Contact us</a></li><li><a href="https://jobs.rbc.com/ca/en" target="_blank" class="link-ext">Careers</a></li></ul></div><div class="col-lg-3 col-md-6"><h3 class="footer-header">Investing
</h3><ul class="list-links footer-list"><li><a href="/en/ca/about-us/ready-to-invest" >Ready to invest?</a></li></ul></div>	</div></div></div><div class="footer-bottom" data-location="Footer copyright"><div class="container"><div class="row"><div class="col-lg-9 mb-lg-0 mb-1"><span class="d-block">
<sup>®</sup> / <sup>TM</sup> Trademark(s) of Royal Bank of Canada. Used under licence. iSHARES is a registered trademark of BlackRock, Inc., or its subsidiaries in the United States and elsewhere. Used under licence. © 2025 RBC Global Asset Management Inc. and BlackRock Asset Management Canada Limited. All rights reserved.
</span>
<ul class="list-separator footer-list-separator mt-half">
         <li>        <a href="https://www.rbc.com/privacysecurity/" target="_blank" class="link-ext">Privacy & security</a>    </li>              <li>        <a href="https://www.rbc.com/legal/" target="_blank" class="link-ext">Legal</a>    </li>              <li>        <a href="http://www.rbc.com/accessibility/" target="_blank" class="link-ext">Accessibility</a>    </li>              <li>        <a href="/en/ca/terms-and-conditions" >Terms and conditions</a>    </li>                         <li>            <!-- OneTrust Cookies Settings button start -->
        <a aria-label="Advertising & Cookies" id="openCookieSettings" role="button" tabindex="0" onclick="openCookieSettings(event);">Advertising & Cookies</a>            <!-- OneTrust Cookies Settings button end --> 
        </li>                      <li>        <a href="https://www.rbc.com/" target="_blank" class="link-ext">About RBC</a>    </li>     </ul></div><div class="col-lg-3 mt-lg-0 mt-2 d-flex align-items-center justify-content-end"><ul class="list-inline footer-social-list">
<li class="footer-social-item"><a  href="https://twitter.com/rbcgamnews"  target="_blank" class="footer-social-link"rel="noreferrer"aria-label="Twitter"
><svg class="icon x-twitter-icon" aria-label="twitter" xmlns="http://www.w3.org/2000/svg" height="18" width="18" viewBox="0 0 470 470">
    		    <path class="x-twitter-path" fill="#fff" d="M389.2 48h70.6L305.6 224.2 487 464H345L233.7 318.6 106.5 464H35.8L200.7 275.5 26.8 48H172.4L272.9 180.9 389.2 48zM364.4 421.8h39.1L151.1 88h-42L364.4 421.8z"/>
            </svg></a></li>
<li class="footer-social-item"><a href="https://linkedin.com/company/rbc-global-asset-management" target="_blank" class="footer-social-link"rel="noreferrer"><rbc-icon icon="linkedin-in"></rbc-icon></a></li></ul><rbc-button outline
link="#"size="small" color="white">Back to top</rbc-button></div></div></div></div></footer><div v-if="raptors" v-cloak id="raptorWrap" style="z-index: 999999999" aria-hidden="true"> <div id="chompOverlay"></div><svg id="raptor" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 500 800"> <g id="tail" style="transform-origin: 190px 510px"> <path class="f-warm-red" d="M218.42 439.5s-90.22 28.15-132.08.65c-38.08-25.03-39.61-63.65-58.63-60.86S13.3 466.14 54.64 508.94s113.12 55.49 155.78 65.56z"/> <path class="f-dark-grey" d="M115.46 515.25l30.93 38.2-42.72-16.82 11.79-21.38zM82.09 497.83c.54 2.6 8.03 32.15 8.03 32.15l-23.49-15.41zM55.42 473.62l.2 27-17.81-20.64 17.61-6.36zM41.18 444.12l-7.1 24.46-10.07-29.01 17.17 4.55zM34.18 410.4L23.9 426.07l-1.72-21.28 11.99 5.63z"/> </g> <g id="legLeft" style="transform-origin: 265px 495px"> <path class="f-grey-light-tint-3" d="M326.13 667.83a10.88 10.88 0 0 1 9.45 4.7c2.26 3.28 6.81 9.97 15.84 9.97 20 0 27-5 42 3 14.32 7.64 14.26 29.46 10.02 43.58-3.26 10.88-9.88 15.06-12.75 16.4a5.76 5.76 0 0 1-2.44.55h-141.6a5.69 5.69 0 0 1-4.6-2.36c-1.89-2.59-3.63-11.17-3.63-24.17a358.12 358.12 0 0 1 2.28-41.94 7.26 7.26 0 0 1 6.88-6.27z"/> <path class="f-warm-red-dark-1" d="M243.28 750.5h150.28a2.24 2.24 0 0 0 1.88-2.47l.98-4.06a2.24 2.24 0 0 0-1.88-2.47H242.3a2.24 2.24 0 0 0-1.88 2.47l.98 4.06a2.24 2.24 0 0 0 1.88 2.47z"/> <rect class="f-warm-red-dark-1" x="332.44" y="674.92" width="13" height="25.38" rx="3.81" ry="3.81" transform="rotate(-152.95 338.94 687.6)"/> <rect class="f-warm-red-dark-1" x="353.26" y="679.49" width="13" height="24.93" rx="3.81" ry="3.81" transform="rotate(-176.16 359.76 691.96)"/> <path class="f-warm-red-dark-1" d="M330.75 623.9v49.43s-5.25 14.6-49.33 16.17c-28 1-36.77-12-36.77-12l-2.87-55z"/> <path class="f-grey-light-tint-3" d="M321.28 485.18l13.7 140.14s-12.7 7.06-49.42 7.06-45.19-7.06-45.19-7.06l4.24-135.94z"/> <path class="f-warm-red-dark" d="M285.56 622.5c31.97 0 45.73-4.92 48.76-6.2l.66 9.02s-12.7 7.06-49.42 7.06-45.19-7.06-45.19-7.06l.35-9.08c1.9 1.14 12.2 6.26 44.84 6.26z"/> </g> <g id="legRight" style="transform-origin: 265px 495px"> <path class="f-grey-light-tint-2" d="M255.13 682.83a10.88 10.88 0 0 1 9.45 4.7c2.26 3.28 6.81 9.97 15.84 9.97 20 0 27-5 42 3 14.32 7.64 14.26 29.46 10.02 43.58-3.26 10.88-9.88 15.06-12.75 16.4a5.76 5.76 0 0 1-2.44.55h-141.6a5.69 5.69 0 0 1-4.6-2.36c-1.89-2.59-3.63-11.17-3.63-24.17a358.12 358.12 0 0 1 2.28-41.94 7.26 7.26 0 0 1 6.88-6.27z"/> <path class="f-warm-red-dark" d="M172.28 765.5h150.28a2.24 2.24 0 0 0 1.88-2.47l.98-4.06a2.24 2.24 0 0 0-1.88-2.47H171.3a2.24 2.24 0 0 0-1.88 2.47l.98 4.06a2.24 2.24 0 0 0 1.88 2.47z"/> <rect class="f-warm-red-dark" x="261.44" y="689.92" width="13" height="25.38" rx="3.81" ry="3.81" transform="rotate(-152.95 267.94 702.6)"/> <rect class="f-warm-red-dark" x="282.26" y="694.49" width="13" height="24.93" rx="3.81" ry="3.81" transform="scale(-1) rotate(3.84 21111.35 -8622.34)"/> <path class="f-warm-red-dark" d="M259.75 638.9v49.43s-5.25 14.6-49.33 16.17c-28 1-36.77-12-36.77-12l-2.87-55z"/> <path class="f-grey-light-tint-2" d="M250.28 500.18l13.7 140.14s-12.7 7.06-49.42 7.06-45.19-7.06-45.19-7.06l4.24-135.94z"/> <path class="f-warm-red-tint-1" d="M177.42 642.5h51l-5-146h-43l-3 146z"/> <path class="f-warm-red" d="M214.56 637.5c31.97 0 45.73-4.92 48.76-6.2l.66 9.02s-12.7 7.06-49.42 7.06-45.19-7.06-45.19-7.06l.35-9.08c1.9 1.14 12.2 6.26 44.84 6.26z"/> <circle class="f-grey-light-tint-2" cx="202.92" cy="613" r="17.5"/> </g> <g id="jersey"> <path class="f-grey-light-tint-2" d="M338.07 510.97s-28.15 15.64-71.48 17.69c-54.65 2.58-102.26-13.49-102.26-13.49s-5.37-151.01 7.21-173.67c13.88-25 23.57-35 61.88-35 35.42 0 80.33 43.1 80.33 43.1s12.53-3.68 16.21 50.11c3.58 52.32 8.1 111.26 8.1 111.26z"/> <path class="s-dark-grey" d="M338.07 504.34s-28.15 15.64-71.48 17.69c-54.65 2.58-102.26-13.49-102.26-13.49"/> <path class="s-dark-grey" d="M338.07 496.97s-28.15 15.64-71.48 17.69c-54.65 2.58-102.26-13.49-102.26-13.49"/> <path class="f-warm-red-tint-1" d="M189.42 501.74V382a29.5 29.5 0 0 1 59 0v126.87a318.99 318.99 0 0 1-59-7.13z"/> </g> <path id="neck" class="f-warm-red-dark-1" d="M314.49 308.34c.62 1.24 2.55 40.04.59 50.63a2.42 2.42 0 0 1-3.46 1.73c-12.63-6.29-41.34-28.78-89.97-38.36-22.45-4.42-25.8-7.37-25.8-14.73s-10.31-36.11-10.31-36.11z"/> <g id="head" style="transform-origin: 270px 300px"> <g id="headBottom" style="transform-origin: 175px 230px"> <path class="f-grey-light-tint-3" d="M440.92 279s2-11-2-20-7-12-10-12-5 7-7 13c-2.02 6.07-7 15-7 15zM467.08 283s1.36-11-1.36-20-4.75-12-6.79-12-3.4 7-4.75 13a143.74 143.74 0 0 1-4.76 15zM478.25 281a112.54 112.54 0 0 0-.68-20c-1.36-9-2.38-12-3.4-12s-1.7 7-2.37 13c-.69 6.07-2.38 15-2.38 15zM404.3 273.04s6.76-8.9 7.27-18.74-.81-13.87-3.49-15.23-7.62 3.98-12.12 8.43c-4.56 4.5-13.04 10.2-13.04 10.2zM374.89 254.9s5.26-9.93 3.37-19.85-4.34-13.75-7.64-14.7-7.44 5.12-11.3 10.25c-3.93 5.18-11.88 12.17-11.88 12.17zM331.91 238.52s2.3-8.95-2.26-16.27-8-9.78-11.43-9.78-5.73 5.69-8.02 10.56c-2.32 4.94-8.02 12.2-8.02 12.2z"/> <path class="f-warm-red-dark" d="M117.47 223.6s-1.3 36.4 22.5 61.4 83.83 28 110.5 30 90.5 18 111.45 27 49.54 5 69.54-6 42.24-31.68 46.68-37c6.66-8 4.76-25 0-26s-28.58 0-49.54-4-34.52-21.07-58.1-28c-23.82-7-36.06-13.8-70.5-10-18.1 2-57.15-12-92.4-30z"/> </g> <g id="headTop" style="transform-origin: 175px 230px"> <path class="f-warm-red-dark" d="M450.92 95s-2-14-15-17-33.34-2-46.67 8.5l37.67 2.5z"/> <path class="f-grey-light-tint-3" d="M410.38 157.85s5.29 9.85 4.25 19.65-2.97 13.57-5.82 14.5-6.91-5.13-10.66-10.22c-3.8-5.16-11.28-12.12-11.28-12.12zM438.12 147.04s4.92 9.13 3.92 18.23-2.82 12.62-5.5 13.48-6.46-4.73-9.96-9.45c-3.54-4.78-10.53-11.22-10.53-11.22zM458.17 134.45s5.98 7.17 7.4 15.12.86 11.22-.99 12.33-6.1-3.19-9.92-6.77a103.72 103.72 0 0 0-10.78-8.2zM469.32 130.36s5.4 7.52 7.97 14.78 2.88 10 1.9 10.6-4.65-4.06-7.9-7.98c-3.28-3.97-8.76-9.41-8.76-9.41zM378.63 172.06s5.8 7.86 5.41 16.63-2.03 12.39-4.76 13.64-7.07-3.45-11.06-7.36c-4.04-3.95-11.78-8.93-11.78-8.93zM348.23 189.56s5.24 6.65 4.4 14.44-2.62 11.08-5.35 12.33-6.72-2.69-10.41-5.94c-3.73-3.3-11.04-7.3-11.04-7.3z"/> <path class="f-warm-red" d="M180.94 111c-5.72 11-27.63 16-36.2 27s-31.44 58-26.67 93 100.02-3 120.02-4 80.02-12 93.35-20 103.92-49.71 119.07-57c22.86-11 33.34-19 19.05-44-13.2-23.09-34.29-19-42.86-22s-20-2-26.67 0-48.58 13-61.92 12-16.2 2-29.53-5-41.91-11-64.77-7-55.5 12.82-62.87 27z"/> <path class="f-warm-red-dark" d="M426.92 112c-7 6-12.04 11-23 10-8.27-.75-23.33-6.03-30.3-8.6a.57.57 0 0 0-.53 1c5.91 4.36 18.84 13.35 27.83 15.6 10.85 2.71 19.48 3.52 27-4 5-5 5.12-19.25-1-14z"/> <path class="f-dark-grey" d="M339.42 95.5c1.42 2.83-24 18-30 18-5.06 0-7.99-9.97-11.78-14.88a1.73 1.73 0 0 1 1.08-2.74c4.88-.88 14.04-2.38 19.7-2.38 8 0 20 0 21 2z"/> <g> <path class="f-warm-red-dark" d="M268.5 135.67a14 14 0 0 0-.15-14.2c-4.45-7.6-23.09-12.86-37.28-11.61-10.94.96-27.22 9.04-34.73 21.14-4.65 7.48-8.57 15.39-9.6 20.86-1.02 5.37 10.92-.12 15.28-1.26 4.23-1.1 66.49-14.93 66.49-14.93z"/> <path class="f-white" d="M269.77 139.26c3.2-6.56-13.47-20.25-27.94-23.7s-30.03 5.14-37.15 14.82-7.03 20.27-4.53 25.26c1.8 3.58 15.59-4.98 33.61-7.58s34.83-6.38 36-8.8z"/> <path class="f-dark-grey" d="M223.39 138.9a6.62 6.62 0 1 0-.15-13.25 6.79 6.79 0 0 0-4.46 1.73 46.31 46.31 0 0 1 1.58-9.27c6.62-2.96 14.18-4.28 21.47-2.54.7.16 1.42.36 2.14.58-2.15 2.92-5.89 7.33-5.82 13.7.05 4.33 1.65 12.3 2.71 17.12-2.32.38-4.7.75-7.1 1.1-.77.1-1.54.23-2.3.36a20.56 20.56 0 0 1-10.84-10.09 6.82 6.82 0 0 0 2.77.56z"/> <path class="f-warm-red-tint-1" d="M216.82 102.05s23.65-7.81 46.7 3.42a.55.55 0 0 1-.35 1.03c-8.7-1.9-29.45-5.38-45.1.34-13.46 4.91-23.19 14.53-28.22 20.47a.54.54 0 0 1-.88-.64c4.46-7.53 13.83-20.33 27.85-24.62z"/> <ellipse class="f-white-30" cx="230.35" cy="137.1" rx="4.77" ry="6.88"/> </g> </g> </g> <g id="armRight" style="transform-origin: 200px 375px"> <path class="f-warm-red" d="M209.86 341.5c-49.37 0-34.55 48.72-32.43 76.63 1.29 16.9 4.55 40.78 7.37 63.37s-8.5 37.51-5.9 51.58c3.7 19.9 23.28 25.79 33.17 25.79 16.94 0 38.28-9.31 39.79-21.37 1.47-11.79-5.16-28.74-1.48-32.42 4.48-4.48 16.18-2.06 15.48-15.47-.7-13.38-16.95-16.95-31.69-14 0 0-2.76-37.22 1.48-62.64 2.82-16.94 18.42-71.47-25.8-71.47z"/> <path class="s-warm-red-dark" d="M228.5 556.04c-.23-2.3 7.15-9.64 0-28.46M202.24 557.1s-5.23-18.66.05-30.65"/> </g> </svg><svg id="ball" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 130 130"> <circle class="f-dark-grey" cy="65" cx="65" r="63"/> <path class="ball" d="M9.93 30.52a63.16 63.16 0 0 1 16.76-3.68c21.39-1.95 35.56-3.72 42.12-5.26a28.96 28.96 0 0 0 14.7-8.08A51.94 51.94 0 0 0 49.6 1.86 65.2 65.2 0 0 0 9.92 30.52zM99.96 27.24a129.3 129.3 0 0 1 14.27-4.6A65.34 65.34 0 0 0 92.23 6a39.83 39.83 0 0 1-4.45 7.21 73.52 73.52 0 0 1 12.18 14.03z"/> <path class="ball" d="M9.11 98.14c3.28-7.7 11.6-21.88 31.94-37C68.9 40.43 87.63 32.36 97.09 28.42a71.08 71.08 0 0 0-11.26-12.95 31.81 31.81 0 0 1-16.33 9.05c-6.8 1.6-20.7 3.34-42.53 5.33A55.6 55.6 0 0 0 7.4 34.94a64.8 64.8 0 0 0 1.71 63.2zM101.65 29.82a119.24 119.24 0 0 1 8 14.7c7.63-1.79 14.03 1.34 18.42 4.79a64.79 64.79 0 0 0-11.72-24.1 133.8 133.8 0 0 0-14.7 4.6zM62.32.07a56.01 56.01 0 0 1 23.12 11.18 36.58 36.58 0 0 0 4.02-6.46A64.63 64.63 0 0 0 65 0c-.9 0-1.79.03-2.68.07zM116.42 104.7a64.69 64.69 0 0 0 12.66-50.53c-3.54-3.63-10.01-8.49-18.2-6.83a95.04 95.04 0 0 1 7.64 43.6 83.7 83.7 0 0 1-2.1 13.76z"/> <path class="ball" d="M107.96 48.2c-8.67 3.52-18.34 22.29-26.88 38.88-5.67 11.02-11.03 21.44-16.04 27.62a385.4 385.4 0 0 1-12.2 14.14 64.77 64.77 0 0 0 58.83-18.67 77.6 77.6 0 0 0 3.85-19.6c.72-10.5-.34-25.34-7.56-42.36z"/> <path class="ball" d="M78.4 85.7c9.17-17.83 18.65-36.24 28.34-40.26a116.62 116.62 0 0 0-7.94-14.46c-9.16 3.8-27.84 11.68-55.95 32.59-21.66 16.1-29.28 31.28-31.72 37.76a65.2 65.2 0 0 0 38.31 26.77 399.6 399.6 0 0 0 13.25-15.3c4.81-5.94 10.1-16.22 15.7-27.1z"/> </svg><svg id="net" xmlns="http://www.w3.org/2000/svg" viewBox="0 0 246 225"> <path class="net-string" d="M138.22 54.74l-.13.15h.31l-.18-.15z"/> <path class="net-string" d="M148.29 213.56l17.64-21.93 28.98 32.42-.4-8.34c-.03-.49-2.37-48.8-2.37-79.15 0-32.4.92-57.67 12.81-87.68C216.82 18.93 238.78 7.95 239 7.85l-2.6-5.32c-.88.43-19.71 9.86-32.75 34.97l-34.03 39.1-20.49-25.47 8.05-44.83-5.82-1.04-8.13 45.28-21.9 22.94-21.9-22.94-8.12-45.28-5.83 1.04 8.05 44.83-20.5 25.47-34.02-39.1C25.97 12.4 7.14 2.96 6.25 2.53L3.66 7.85c.22.1 22.18 11.08 34.05 41.03 11.9 30.01 12.81 55.27 12.81 87.68 0 30.34-2.34 78.66-2.36 79.15l-.41 8.34 28.98-32.42 19.36 24.22 2.16-1.53 23.08-24.72 23.08 24.72 1.38 1.53zM185.9 106.3l-18.8 21.35-16.93-19.69 19.26-22.13zm.43 43.73L171 132.17l15.51-17.61a834.21 834.21 0 0 0-.17 35.46zm-81.82 10.52l16.81-18.82 16.81 18.82-16.81 19.1zm37.84-52.61l-21.03 24.16-21.03-24.16 21.03-24.46zm-24.67 28.99l-17.11 19.14-21.08-23.93 16.9-19.66zm7.28 0l21.29-24.45 16.9 19.66-21.08 23.93zm20.82-80.5l19.88 24.72-19.39 22.28-21.49-25zm-48.92 0l21 22-21.5 25L77 81.14zm-23.65 29.4l19.26 22.13-16.93 19.7-18.8-21.36zm-17.07 28.74l15.5 17.61-15.33 17.85a834.22 834.22 0 0 0-.17-35.46zm-10-59.83l23.12 26.56-14.04 17.45a179.22 179.22 0 0 0-9.07-44.01zm8.3 152.95c.41-9.4 1.07-25.52 1.52-41.87l17 21.14zm2.82-49.69l18.34-21.33 21 23.85-19.64 21.97zm39.56 49.18l-16.1-20.01 19.81-22.18 17.32 19.67zm49 0l-21.03-22.52 17.32-19.67 19.81 22.18zm19.86-24.69l-19.63-21.97 21-23.85 18.33 21.33zm4 4.47l17-21.14c.45 16.35 1.11 32.47 1.52 41.87zm17.74-88.21l-14.04-17.45 23.11-26.56a179.22 179.22 0 0 0-9.07 44z"/> <path class="net-string" d="M104.44 54.74l-.18.15h.3l-.12-.15z"/> <rect class="net-rim" y=".95" width="246" height="16" rx="8" ry="8"/> </svg></div>        </div>
    </div>

<script type="application/javascript">
// console.log('1')
    vueMounted.push(function (_self) {
        // console.log('BREADCRUMB', _self.breadcrumb.map(item => item.text).join('/'));
        for (item of _self.$children) {
            if (item._props !== undefined && item._props.breadcrumb) {
                // console.log('ITEM:', item._props.breadcrumb.map(item => item.text).join('/'));
                for(let i = 0; i <= window.dataLayer.length; i++) {
                    if (window.dataLayer[i] !== undefined && window.dataLayer[i].hasOwnProperty('page_breadcrumb')) {
                        window.dataLayer[i].page_breadcrumb = item._props.breadcrumb.map(item => item.text).join('/');
                    }
                }    
            }
            
        }
        
        
        // PASTE DELETED CODE HERE  
        
    });
    
    
    window.addEventListener('load', function() {
        for(let i = 0; i <= window.dataLayer.length; i++) {
            if (window.dataLayer[i] !== undefined && window.dataLayer[i].hasOwnProperty('page_breadcrumb')) {
                const url = new URL(window.location.href);
                const params = new URLSearchParams(url.search);
                    
                if (url.search.includes('tab')
                    || url.search.includes('series')
                    || url.search.includes('type')
                    || url.search.includes('currency')
                    || url.search.includes('region')
                    || url.search.includes('sortorder')
                    || url.search.includes('sort')
                    || url.search.includes('strategy')
                    || url.search.includes('date')
                    ) 
                {
                    window.dataLayer[i].series = params.get('series') ? params.get('series') : undefined;
                    window.dataLayer[i].type = params.get('type') ? params.get('type') : undefined;
                    window.dataLayer[i].currency = params.get('currency') ? params.get('currency') : undefined;
                    window.dataLayer[i].region = params.get('region') ? params.get('region') : undefined;
                    window.dataLayer[i].sortorder = params.get('sortorder') ? params.get('sortorder') : undefined;
                    window.dataLayer[i].sort = params.get('sort') ? params.get('sort') : undefined;
                    window.dataLayer[i].strategy = params.get('strategy') ? params.get('strategy') : undefined;
                    window.dataLayer[i].date = params.get('date') ? params.get('date') : undefined;
                    window.dataLayer[i].tab = params.get('tab') ? params.get('tab') : undefined;
                }
            }
        }
    })
    
    
</script>

<script>
vueData.raptors = false;
vueData.themeVersion = "wm2"
vueMethods.updateURL = function(paramName, paramValue, regexToExecute){ var re = new RegExp(regexToExecute,"g"); var currentQueryString = window.location.search; var newQueryString = currentQueryString.replace(re, ""); if(paramName != ""){ if(Array.isArray(paramName)){ newQueryString = (newQueryString == "")? "?" : "?" + newQueryString; newQueryString = newQueryString.replace("??", "?"); paramName.forEach(function(el, i){ newQueryString += "&" + el + "=" + paramValue[i];	 }); newQueryString = newQueryString.replace("?&", "?"); } else { newQueryString = (newQueryString == "")? "?" :  "?" + newQueryString + "&"; newQueryString = newQueryString.replace("??", "?").replace("?&", "?"); newQueryString += paramName + "=" + paramValue; } } var currentBaseUrl = (window.location.href.split("?").length > 0)? window.location.href.split("?")[0] : window.location.href; var updatedUrl = currentBaseUrl + newQueryString; window.history.replaceState({}, document.title, updatedUrl); }; </script>
<script>


</script> <script>
vueData.server = "production";function setLocalStorage(name, value, exdays) {var d = new Date();d.setTime(d.getTime() + (exdays*24*60*60*1000));var expires = d.toUTCString();if(typeof window.localStorage != 'undefined'){
localStorage.setItem(name, value);localStorage.setItem(name + '-expiration', expires);}
}function getLocalStorage(name) {var d = Date.now();if(typeof window.localStorage != 'undefined' && Date.parse(window.localStorage.getItem(name + '-expiration')) > d){return localStorage.getItem(name);}else {return "";}}function deleteLocalStorage(name) {if(typeof window.localStorage != 'undefined'){
localStorage.removeItem(name);localStorage.removeItem(name+'-expiration');}
}/* Social media region */vueData.socialSharing = {"facebook": {"title":"RBC Managed Payout Solutions","u": location.href,"description": "Helping you create tax-wise cash flow"},"linkedin": {"title": "RBC Managed Payout Solutions","url": location.href,"summary": "Helping you create tax-wise cash flow"},"twitter": {"text": "RBC Managed Payout Solutions - Helping you create tax-wise cash flow","url": location.href},"email": {"subject": "RBC Managed Payout Solutions","body": "Helping you create tax-wise cash flow - " + location.href},};vueComputed.searchAllLink = function(){  	return '/en/ca/search-results/?q=' + encodeURIComponent(this.searchTerm); }; vueComputed.searchProductLink = function(){ 	return '/en/ca/search-results/?productsOnly=true&q=' + encodeURIComponent(this.searchTerm); }; vueComputed.searchInsightLink = function(){ 	return '/en/ca/search-results/?insightsOnly=true&q=' + encodeURIComponent(this.searchTerm); }; vueComputed.isMobile = function() {var check = false;(function(a){if(/(android|bb\d+|meego).+mobile|avantgo|bada\/|blackberry|blazer|compal|elaine|fennec|hiptop|iemobile|ip(hone|od)|iris|kindle|lge |maemo|midp|mmp|mobile.+firefox|netfront|opera m(ob|in)i|palm( os)?|phone|p(ixi|re)\/|plucker|pocket|psp|series(4|6)0|symbian|treo|up\.(browser|link)|vodafone|wap|windows ce|xda|xiino/i.test(a)||/1207|6310|6590|3gso|4thp|50[1-6]i|770s|802s|a wa|abac|ac(er|oo|s\-)|ai(ko|rn)|al(av|ca|co)|amoi|an(ex|ny|yw)|aptu|ar(ch|go)|as(te|us)|attw|au(di|\-m|r |s )|avan|be(ck|ll|nq)|bi(lb|rd)|bl(ac|az)|br(e|v)w|bumb|bw\-(n|u)|c55\/|capi|ccwa|cdm\-|cell|chtm|cldc|cmd\-|co(mp|nd)|craw|da(it|ll|ng)|dbte|dc\-s|devi|dica|dmob|do(c|p)o|ds(12|\-d)|el(49|ai)|em(l2|ul)|er(ic|k0)|esl8|ez([4-7]0|os|wa|ze)|fetc|fly(\-|_)|g1 u|g560|gene|gf\-5|g\-mo|go(\.w|od)|gr(ad|un)|haie|hcit|hd\-(m|p|t)|hei\-|hi(pt|ta)|hp( i|ip)|hs\-c|ht(c(\-| |_|a|g|p|s|t)|tp)|hu(aw|tc)|i\-(20|go|ma)|i230|iac( |\-|\/)|ibro|idea|ig01|ikom|im1k|inno|ipaq|iris|ja(t|v)a|jbro|jemu|jigs|kddi|keji|kgt( |\/)|klon|kpt |kwc\-|kyo(c|k)|le(no|xi)|lg( g|\/(k|l|u)|50|54|\-[a-w])|libw|lynx|m1\-w|m3ga|m50\/|ma(te|ui|xo)|mc(01|21|ca)|m\-cr|me(rc|ri)|mi(o8|oa|ts)|mmef|mo(01|02|bi|de|do|t(\-| |o|v)|zz)|mt(50|p1|v )|mwbp|mywa|n10[0-2]|n20[2-3]|n30(0|2)|n50(0|2|5)|n7(0(0|1)|10)|ne((c|m)\-|on|tf|wf|wg|wt)|nok(6|i)|nzph|o2im|op(ti|wv)|oran|owg1|p800|pan(a|d|t)|pdxg|pg(13|\-([1-8]|c))|phil|pire|pl(ay|uc)|pn\-2|po(ck|rt|se)|prox|psio|pt\-g|qa\-a|qc(07|12|21|32|60|\-[2-7]|i\-)|qtek|r380|r600|raks|rim9|ro(ve|zo)|s55\/|sa(ge|ma|mm|ms|ny|va)|sc(01|h\-|oo|p\-)|sdk\/|se(c(\-|0|1)|47|mc|nd|ri)|sgh\-|shar|sie(\-|m)|sk\-0|sl(45|id)|sm(al|ar|b3|it|t5)|so(ft|ny)|sp(01|h\-|v\-|v )|sy(01|mb)|t2(18|50)|t6(00|10|18)|ta(gt|lk)|tcl\-|tdg\-|tel(i|m)|tim\-|t\-mo|to(pl|sh)|ts(70|m\-|m3|m5)|tx\-9|up(\.b|g1|si)|utst|v400|v750|veri|vi(rg|te)|vk(40|5[0-3]|\-v)|vm40|voda|vulc|vx(52|53|60|61|70|80|81|83|85|98)|w3c(\-| )|webc|whit|wi(g |nc|nw)|wmlb|wonu|x700|yas\-|your|zeto|zte\-/i.test(a.substr(0,4))) check = true;})(navigator.userAgent||navigator.vendor||window.opera);return check;};vueComputed.socialSharingLink = function() {var _self = this;var facebookLink = "https://www.facebook.com/sharer.php?";var linkedinLink = "https://www.linkedin.com/shareArticle/?mini=true&";var twitterLink = "https://twitter.com/intent/tweet?";var emailLink = "mailto:?";var facebookFilled = false;var linkedinFilled = false;var twitterFilled = false;var emailFilled = false;Object.keys(_self.socialSharing.facebook).forEach(function(k){if(_self.socialSharing.facebook[k] != ""){if(facebookFilled) facebookLink += "&";facebookFilled = true;facebookLink += k + "=" + _self.socialSharing.facebook[k];}});Object.keys(_self.socialSharing.linkedin).forEach(function(k){if(_self.socialSharing.linkedin[k] != ""){if(linkedinFilled) linkedinLink += "&";linkedinFilled = true;linkedinLink += k + "=" + _self.socialSharing.linkedin[k];}});Object.keys(_self.socialSharing.twitter).forEach(function(k){if(_self.socialSharing.twitter[k] != ""){if(twitterFilled) twitterLink += "&";twitterFilled = true;twitterLink += k + "=" + _self.socialSharing.twitter[k];}});Object.keys(_self.socialSharing.email).forEach(function(k){if(_self.socialSharing.email[k] != ""){if(emailFilled) emailLink += "&";emailFilled = true;emailLink += k + "=" + _self.socialSharing.email[k];}});return {"facebook": facebookFilled && facebookLink,"linkedin": linkedinFilled && linkedinLink,"twitter": twitterFilled && twitterLink,"email": emailFilled && emailLink}};/* End Social media region */vueData.locationAlertClosed = getLocalStorage("locationAlert") ? true : false ;vueMethods.closeLocationAlert = function(e){this.locationAlertClosed = true;setLocalStorage("locationAlert", false, 365);dataLayer.push({ 'event' :  'rbcwmEvent', 'data-analytics' :  '19', 'data-label' :  'location detection close' }); };vueData.breakingPoint = '';vueData.searchResults = [];vueData.searchResultsActive = -1;vueData.searchTerm = '';vueData.activeMenuItem = null;vueData.activeMenuItem = 0;vueData.nav = {"currentLanguage": {"id": "en","text": "EN","country": "Canada"},"languages": [{"id": 'ca',"country": 'Canada',"languages": [{"id": 'ca-en',"languageCode": "en","countryCode": "ca","text": 'EN',"dotcmsId": 1},{"id": 'ca-fr',"languageCode": "fr","countryCode": "ca","text": 'FR',"dotcmsId": 3},{"id": 'ca-zh-Hans',"languageCode": "zh","countryCode": "ca","text": '简中',"dotcmsId": 4},{"id": 'ca-tc',"languageCode": "zh-hant","countryCode": "ca","text": '繁中',"dotcmsId": 5}]},],secondaryLinks: [{name: 'RBC GAM Institutional',id: 'RBCGAMInstitutional',children: [{name:'Canada (PH&N Institutional)',id: 'Canada(PH&NInstitutional)',link: 'https://institutional.rbcgam.com/en/ca/',target: '_blank'},{name:'United States',id: 'UnitedStates',link: 'https://institutional.rbcgam.com/en/us/',target: '_blank'},{name:'Europe',id: 'Europe',link: 'https://institutional.rbcgam.com/en/europe/',target: '_blank'},{name:'Asia-Pacific',id: 'Asia-Pacific',link: 'https://institutional.rbcgam.com/en/asia/',target: '_blank'},{name:'Middle-East & Africa',id: 'Middle-East&Africa',link: 'https://institutional.rbcgam.com/en/mea/',target: '_blank'},{name:'Latin America & Caribbean',id: 'LatinAmerica&Caribbean',link: 'https://institutional.rbcgam.com/en/latin-america/',target: '_blank'}]},{name: 'Other RBC sites',id: 'OtherRBCsites',children: [{name:"RBC Banking",id: 'RBCBanking',link: 'https://www.rbcroyalbank.com',target: '_blank'},{name:"PH&N Investment Services",id: 'PH&NInvestmentServices',link: 'https://www.phn.com/',target: '_blank'},{name:"RBC Indigo Asset Management",id: 'RBCIndigoAssetManagement',link: 'https://www.rbcindigo.com',target: '_blank'},{name:"RBC Wealth Management",id: 'RBCWealthManagement',link: 'https://www.rbcwealthmanagement.com/',target: '_blank'},{name:"RBC Insurance",id: 'RBCInsurance',link: 'https://www.rbcinsurance.com/',target: '_blank'},{name:"RBC Capital Markets",id: 'RBCCapitalMarkets',link: 'https://www.rbccm.com/',target: '_blank'},{name:"RBC Investor Services",id: 'RBCInvestorServices',link: 'https://www.rbcits.com/',target: '_blank'}]}],		"userGreeting": "Advisor sign in","userGreetingLink": "/en/okta-login?&url=/en/ca/products/mutual-funds/rbc-portfolio-solutions/rbc-managed-payout-solutions","flagText": "For information purposes only","links": [			{
			"id": "nav.products",
			"name": "Products",
			"title": "Products",
			"separator": "nav.products" == "nav.tools",
			"summary": "",
							"children": [
																		{
																"id": "nav.products.mutualfunds",
								"name": "Mutual funds",
								"title": "Mutual funds",
								"summary": "",
																	"children": [
																																																				{ /* true */
																								"id": "Mutual funds list",
												"name": "Mutual funds list",
												"title": "Mutual funds list",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/index"
												},																																																						{ /* true */
																								"id": "nav.products.aboutmutualfunds",
												"name": "About RBC mutual funds",
												"title": "About RBC mutual funds",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/about/"
												},																																																						{ /* true */
																								"id": "RBC Fixed Income Pools",
												"name": "RBC Fixed Income Pools",
												"title": "RBC Fixed Income Pools",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/rbc-fixed-income-pools"
												},																																																						{ /* true */
																								"id": "nav.products.rbcportfoliosolutions",
												"name": "RBC Portfolio Solutions",
												"title": "RBC Portfolio Solutions",
												"summary": "",
												"link": "/en/ca/products/mutual-funds/rbc-portfolio-solutions/"
												},																																																																																																																																																																			]
															},																								{
																"id": "nav.products.etfs",
								"name": "ETFs",
								"title": "ETFs",
								"summary": "",
																	"children": [
																																																				{ /* true */
																								"id": "ETFs list",
												"name": "ETFs list",
												"title": "ETFs list",
												"summary": "",
												"link": "/en/ca/products/etfs/index"
												},																																																						{ /* true */
																								"id": "About RBC iShares ETFs",
												"name": "About RBC iShares ETFs",
												"title": "About RBC iShares ETFs",
												"summary": "",
												"link": "/en/ca/products/etfs/rbc-ishares"
												},																																																						{ /* true */
																								"id": "nav.products.etfinvestmentstrategies",
												"name": "ETF investment strategies",
												"title": "ETF investment strategies",
												"summary": "",
												"link": "/en/ca/products/etfs/etf-investment-strategies/"
												}																																							]
															},																								{
																"id": "nav.products.alternativeinvestments",
								"name": "Alternative investments",
								"title": "Alternative investments",
								"summary": "",
																	"children": [
																																																				{ /* true */
																								"id": "Alternative investments list",
												"name": "Alternative investments list",
												"title": "Alternative investments list",
												"summary": "",
												"link": "/en/ca/products/alternative-investments/index"
												},																																																						{ /* true */
																								"id": "nav.products.aboutalternativeinvestments",
												"name": "About RBC alternative investments",
												"title": "About RBC alternative investments",
												"summary": "",
												"link": "/en/ca/products/alternative-investments/about/"
												}																																							]
															}															]
					},				{
			"id": "nav.insights",
			"name": "Insights",
			"title": "Insights",
			"separator": "nav.insights" == "nav.tools",
			"summary": "",
							"link": "/en/ca/insights/"
					},				{
			"id": "nav.learnplan",
			"name": "Learn & plan",
			"title": "Learn & plan",
			"separator": "nav.learnplan" == "nav.tools",
			"summary": "",
							"children": [
																		{
																"id": "nav.learnplan.typesofinvestments",
								"name": "Types of investments",
								"title": "Types of investments",
								"summary": "",
																	"children": [
																																																				{ /* true */
																								"id": "nav.learnplan.whataremutualfunds",
												"name": "All about mutual funds",
												"title": "All about mutual funds",
												"summary": "",
												"link": "/en/ca/learn-plan/types-of-investments/mutual-funds/"
												},																																																						{ /* true */
																								"id": "nav.learnplan.whatareetfs",
												"name": "ETF Learning Centre",
												"title": "ETF Learning Centre",
												"summary": "",
												"link": "/en/ca/learn-plan/types-of-investments/etfs/"
												}																																							]
															},																								{
																"id": "Retirement resource centre",
								"name": "Retirement resource centre",
								"title": "Retirement resource centre",
								"summary": "Your one-stop retirement resource centre. Learn about all phases of the retirement journey -- from starting early to living in retirement.",
																"link": "/en/ca/learn-plan/retirement-resources"
															},																								{
																"id": "Investment basics",
								"name": "Investment basics",
								"title": "Investment basics",
								"summary": "Learn about the basic principles of investing to make smarter decisions about your money.",
																"link": "/en/ca/learn-plan/investment-basics"
															},																								{
																"id": "Investment strategies",
								"name": "Investment strategies",
								"title": "Investment strategies",
								"summary": "Learn strategies to help you identify your goals and gain a deeper understanding of the investing world.",
																"link": "/en/ca/learn-plan/investment-strategies"
															},																								{
																"id": "Learn & plan",
								"name": "Learn & plan",
								"title": "Learn & plan",
								"summary": "",
																"link": "/en/ca/learn-plan/index"
															}															]
					},				{
			"id": "nav.aboutus",
			"name": "About us",
			"title": "About us",
			"separator": "nav.aboutus" == "nav.tools",
			"summary": "",
							"children": [
																		{
																"id": "Our story",
								"name": "Our story",
								"title": "Our story",
								"summary": "",
																"link": "/en/ca/about-us/our-story"
															},																								{
																"id": "Responsible investment",
								"name": "Responsible investment",
								"title": "Responsible investment",
								"summary": "",
																"link": "/en/ca/about-us/ri"
															},																								{
																"id": "Our teams",
								"name": "Our teams",
								"title": "Our teams",
								"summary": "",
																"link": "/en/ca/about-us/our-teams"
															},																								{
																"id": "RBC iShares",
								"name": "RBC iShares",
								"title": "RBC iShares",
								"summary": "",
																"link": "/en/ca/about-us/about-rbc-ishares"
															},																								{
																"id": "Leadership",
								"name": "Leadership",
								"title": "Leadership",
								"summary": "",
																"link": "/en/ca/about-us/leadership"
															}															]
					},			
]};vueData.isharesModalIsActive = false;

window.SpeechRecognition = window.SpeechRecognition || window.webkitSpeechRecognition;vueData.SpeechRecognitionEnabled = (window.SpeechRecognition)? true:false;vueData.recognition = null;vueData.voiceIconColor = null;vueData.voiceLabel = "Search&nbsp;by&nbsp;voice";vueMethods['searchToggled'] = function(){var _self = this;var defaultLabel = "Search&nbsp;by&nbsp;voice";if(window.SpeechRecognition && _self.recognition == null){_self.recognition = new SpeechRecognition();_self.recognition.continuous = true;_self.recognition.lang = "en-US";_self.recognition.onstart = function(e){dataLayer.push({ 'event' :  'rbcwmEvent', 'data-analytics' :  '19', 'data-label': 'search voice'});_self.voiceIconColor = "red";_self.voiceLabel = "Listening...";};_self.recognition.onend = function(e){_self.voiceIconColor = null;_self.voiceLabel = "Search&nbsp;by&nbsp;voice";};_self.recognition.onresult = function(e){var results = e.results;for(var i = 0; i < results.length ; i++){if(results[i].isFinal){_self.$refs.megamenu.searchTerm = results[0][0].transcript;_self.searchTerm = results[0][0].transcript;_self.megaSearch(_self.searchTerm);_self.recognition.stop();}}};_self.recognition.start();}else {_self.recognition.stop();_self.recognition = null;_self.$refs.megamenu.searchTerm = "";_self.searchTerm = "";}};
let timerForSearch = null;

vueMethods['megaSearchKeyUp'] = function(e){
clearTimeout(timerForSearch);

timerForSearch = setTimeout(() => {

if (e.target.value.trim() !== '' ) {
    dataLayer.push({
        event: "view_search_results",
        search_results_num: _self.searchResults.length,
        method: 'generic search',
        search_term: _self.searchTerm,
        
    })   
    }
}, 1000)

var key = e.key.toLowerCase();var _self = this;if(key.indexOf('enter') > -1 && _self.searchResultsActive == -1){var encodedQuery = encodeURIComponent(_self.searchTerm);
location.href = '/en/ca/search-results/?q=' + encodedQuery;}else if(key.indexOf('enter') > -1 && _self.searchResultsActive > -1){var r = _self.searchResults[_self.searchResultsActive];dataLayer.push({ 'event' : 'rbcwmPageview', 'virtualpath' : '/en/ca/virtual/search-results-megasearch/?q=' + _self.searchTerm, 'virtualtitle' : 'Virtual Search Results','data-searchterm' : _self.searchTerm, 'data-totalresults': _self.searchResults.length});
location.href = (r.type == 'mf')? '/en/ca/products/mutual-funds/' + r.fundCode + '/detail/' : '/en/ca/products/etfs/' + r.fundCode + '/detail/';}else if(key.indexOf('down') > -1 && _self.searchResultsActive < (_self.searchResults.length - 1)){_self.searchResultsActive++;}else if(key.indexOf('up') > -1 && _self.searchResultsActive >  - 1){_self.searchResultsActive--;}};vueMethods['megaSearchResultClick'] = function(r, e){const outbound = e.target.closest('a') ? e.target.closest('a').hostname !== window.location.hostname : false;
console.log('Hello');
var _self = this;if(e.target.classList.value.indexOf('briefcase') == -1){dataLayer.push({ 'event' : 'rbcwmPageview', 'virtualpath' : '/en/ca/virtual/search-results-megasearch/?q=' + _self.searchTerm, 'virtualtitle' : 'Virtual Search Results','data-searchterm' : _self.searchTerm, 'data-totalresults': _self.searchResults.length});window.dataLayer.push({
    event: 'click_search_results',
    event_type: 'search',
    method: 'generic search', 
    link_text: e.target.textContent,
    link_url: _self.getLinkUrl(e),
    link_domain: window.location.hostname,
    outbound: outbound,
});

location.href = (r.type == 'mf')? '/en/ca/products/mutual-funds/' + r.fundCode + '/detail/' : '/en/ca/products/etfs/' + r.fundCode + '/detail/';}};vueMethods['megaSearch'] = function(e){var _self = this;_self.searchResultsActive = -1;if(e != ""){_self.searchTerm = e;fetch("/en/ca/megamenu-search?search=" + e).then(function(response){ return response.json();}).then(function(data){ _self.searchResults = data.data;}).catch(function(e){_self.searchResults = [];})}else {_self.searchResults = [];_self.searchTerm = '';}};

vueMethods['toggleLanguage'] = function(e) {
    console.log("toggleLanguage", e);
    if (e.countryCode !== "ca"){
        if(e.countryCode === "gb") {
            location.href = "/en/landing?preselect=eu";
        } else if(e.countryCode === "us") {
            location.href = "/en/landing?preselect=us";
        } else if(e.countryCode === "asia-pacific") {
            location.href = "/en/landing?preselect=ap";
        } else if(e.countryCode === "americas-offshore") {
            location.href = "/en/landing?preselect=ao";
        } else {
            location.href = "/en/landing";
        }
    } else {
        var currentUrl = "/en/ca/products/mutual-funds/rbc-portfolio-solutions/rbc-managed-payout-solutions";
        this.nav.languages
            .flatMap(l => l.languages).map(l=>l.languageCode)
            .filter((v, i, a) => a.indexOf(v) === i)
            .forEach(l => currentUrl = currentUrl.replace(`/${l}/`,"/"));

            let newQueryString = "";
            location.href = "/" +e.languageCode + currentUrl + newQueryString;
    }
};

vueMethods.mobileSearch = function(e){location.href = '/en/ca/search-results/?q=' + e;}


vueMethods.getLinkUrl = function(event) {
    const element = vueMethods.findAncestorLinkElement(event.target);
    return vueMethods.getLinkUrlHelper(element && element.href);
}
    
vueMethods.findAncestorLinkElement = function(target) {
        let a = target;
        while (a && a.tagName !== 'A') {
            a = a.parentNode;
        }
        return a && a.tagName === 'A' ? a : null;
    }
    
vueMethods.getLinkUrlHelper = function(url) {
        if (!url) {
            return '';
        }
        
        const isAbsoluteUrl = /^([a-z][a-z\d+\-.]*:)?\/\//i.test(url);
        return isAbsoluteUrl ? url : window.location.origin + url;
    }

</script>
<script>
Vue.component('rbc-video', {template: '<div class="rbc-video"><div :style="embedStyle" :class="[aspectRatio ? \'embed-responsive-\' + aspectRatio : null]" class="embed-responsive"><video ref="player" v-bind="$attrs" :data-video-id="videoId" :data-playlist-id="playlistId" :data-account="account" :data-player="player" data-embed="default" data-application-id class="video-js embed-responsive-item rbc-video-player" controls></video></div><div v-if="playlistId" class="vjs-playlist"></div></div>',
inheritAttrs: false,props: {aspectRatio: { type: String, default: '16by9' },account: { type: String, default: '3187797751001' },embedStyle: [String, Object, Array],options: Object,player: { type: String, default: 'Un1ElmKR2T' },playlistId: String,videoId: String},beforeMount: function() {var scriptId = this.playlistId ? 'bcPlaylistScript' : 'bcVideoScript';var body = document.getElementsByTagName('body')[0];if (!document.getElementById(scriptId) && body) {var script = document.createElement('script');script.type = 'text/javascript';script.id = scriptId;script.src = '//players.brightcove.net/' + this.account + '/' + this.player  + '_default/index.min.js';body.appendChild(script);}},mounted: function() {if (typeof bc !== 'undefined') {bc(this.$refs.player, this.options);}}});vueMethods.formatNumber = window.formatNumber;vueMethods.formatCurrency = window.formatCurrency;vueMethods.decimal = window.decimal;vueMethods.leadingZero = window.leadingZero;var vueApp = new Vue({el: "#app",components: {'rbc-alert': wm.Alert,'rbc-autocomplete': wm.Autocomplete,'rbc-badge': wm.Badge,'rbc-block': wm.Block,'rbc-breadcrumb': wm.Breadcrumb,'rbc-button': wm.Button,'rbc-toggle': wm.ButtonToggle,'rbc-toggle-container': wm.ButtonToggleContainer,'rbc-caption': wm.Caption,'rbc-card': wm.Card,'rbc-checkbox': wm.Checkbox,'rbc-datatable': wm.DataTable,'rbc-datatable-paginator': wm.DataTablePaginator,'rbc-datepicker': wm.DatePicker,'rbc-dropdown': wm.Dropdown,'rbc-expandable': wm.Expandable,'rbc-expandable-container': wm.ExpandableContainer,'rbc-hero': wm.Hero,'rbc-icon': wm.Icon,'rbc-input': wm.Input,'rbc-layout': wm.Layout,'rbc-link-card': wm.LinkCard,'rbc-link-card-container': wm.LinkCardContainer,'rbc-media-card': wm.MediaCard,'rbc-mega-menu': wm.MegaMenu,'rbc-menu': wm.Menu,'rbc-menu-item': wm.MenuItem,'rbc-modal': wm.Modal,'rbc-multiselect': wm.MultiSelect,'rbc-point': wm.Point,'rbc-progressbar': wm.ProgressBar,'rbc-radio': wm.Radio,'rbc-script': wm.Script,'rbc-select': wm.Select,'rbc-side-nav': wm.SideNav,'rbc-side-nav-item': wm.SideNavItem,'rbc-slider': wm.Slider,'rbc-snackbar': wm.Snackbar,'rbc-snackbar-container': wm.SnackbarContainer,'rbc-sort': wm.Sort,'rbc-speech': wm.Speech,'rbc-spinner': wm.Spinner,'rbc-stepper': wm.Stepper,'rbc-stepper-container': wm.StepperContainer,'rbc-stepper-content': wm.StepperContent,'rbc-style': wm.Style,'rbc-switch': wm.Switch,'rbc-tab': wm.Tab,'rbc-tab-content': wm.TabContent,'rbc-tag': wm.Tag,'rbc-textarea': wm.Textarea,'rbc-tooltip': wm.Tooltip,'rbc-top-nav': wm.TopNav,'rbc-top-nav-item': wm.TopNavItem,'rbc-transition': wm.Transition,'rbc-transition-height': wm.TransitionHeight,'rbc-transition-number': wm.TransitionNumber},data: vueData,computed: vueComputed,watch: vueWatch,mounted: function(){var _self = this;var displayNoneSyntax = "dBREAKINGPOINT-none";var displayInlineSyntax = "dBREAKINGPOINT-inline";var breakingPoints = ['', '-sm', '-md', '-lg', '-xl'];breakingPoints.forEach(function(bp, index){var bpNoneSyntax = displayNoneSyntax.replace("BREAKINGPOINT", (bp != '')? bp : '');var bpInlineSyntax = (index + 1 < breakingPoints.length)? displayInlineSyntax.replace("BREAKINGPOINT", breakingPoints[index + 1]) : '';var spanEl = document.createElement("SPAN");spanEl.setAttribute("id", 'is' + bp.replace('-', ''));spanEl.classList.add(bpNoneSyntax);if(bpInlineSyntax != '') spanEl.classList.add(bpInlineSyntax);spanEl.style.width = 0;spanEl.style.height = 0;document.body.appendChild(spanEl);if(window.getComputedStyle(spanEl,null).getPropertyValue('display') == "none"){if(bp == ""){bp = 'xs';}_self.breakingPoint = bp.replace('-', '');}});document.addEventListener("keyup", function(e){if(e.ctrlKey && e.shiftKey && e.key.toLowerCase() == 'f'){_self.$refs.megamenu.$_MegaMenu_showSearch();}else if(e.ctrlKey && e.shiftKey && e.key.toLowerCase() == 'v'){_self.$refs.megamenu.$_MegaMenu_showSearch();_self.searchToggled();}});if(window.addEventListener/* && window.atob*/){var arr=[],str=atob("MzgsMzgsNDAsNDAsMzcsMzksMzcsMzksNjYsNjU=");window.addEventListener("keydown",function(e){arr.push(e.keyCode);if(arr.toString().indexOf(str)>=0){vueData.raptors=true;arr=[];};},true);};
vueMounted.forEach(function(f){f(_self);});},methods: vueMethods});
</script><script> setTimeout(function(){ var videoIframes = document.querySelectorAll(".brightcoveIframe"); Array.prototype.forEach.call(videoIframes, function(el){ el.contentWindow.postMessage({'gaID':"", 'url': window.location.href}, '*'); }); }, 1000); </script> 
<script>
    
    // SHARE ON SOCIAL MEDIA
    
    document.addEventListener('click', (e) => {
        const socialMediaShares = e.target.closest('[data-location="Share this article sidebar"] a');
        if(socialMediaShares) {
    	    const ariaLabelMethod = e?.srcElement?.ariaLabel;
    	    dataLayer.push({
    	        event: 'share',
                method: ariaLabelMethod === 'envelope' ? 'email' : (ariaLabelMethod?.split(' ')[0] || ''),
                content_name: document.getElementsByClassName('hero-header')[0]?.innerHTML,
                link_text: document.getElementsByClassName('hero-header')[0]?.innerHTML,
                link_domain: window.location.hostname,
                link_url: window.location.href, 
                content_type: window.location.pathname.split('/')[3],
                content_id: 'defe352d-b5ad-486c-930a-a9b4e262055d',
                location_id: getLocationId(e.target), 
    	        }); 
    	}
});

const h4Elements = document.querySelectorAll('div > h4');
h4Elements.forEach((h4Element) => {
  const trimmedText = h4Element.textContent.trim();
  if (trimmedText === 'Share this profile' || trimmedText === 'Share this podcast' ||
      trimmedText === 'Partager cette baladodiffusion' || trimmedText === 'Partager ce profil') {
    const targetDiv = h4Element.parentElement;
    const anchorLinks = targetDiv.querySelectorAll('a');
    anchorLinks.forEach((element) => {
      element.addEventListener('click', (e) => {
          
          if (e.target.closest('[data-location="Share this article sidebar"] a')) {
              return;
          }
          
        const ariaLabelMethod = e?.srcElement?.ariaLabel;
        const contentType = trimmedText === 'Share this podcast' || trimmedText === 'Partager cette baladodiffusion' ? 'podcast' : 'team';
        const locationId = trimmedText;
    	    dataLayer.push({
    	        event: 'share',
                method: ariaLabelMethod === 'envelope' ? 'email' : (ariaLabelMethod?.split(' ')[0] || ''),
                content_name: document.getElementsByClassName('hero-header')[0]?.innerHTML,
                link_text: document.getElementsByClassName('hero-header')[0]?.innerHTML,
                link_domain: window.location.hostname,
                link_url: window.location.href, 
                content_type: contentType,
                content_id: 'defe352d-b5ad-486c-930a-a9b4e262055d',
                location_id: locationId, 
    	        }); 
      });
    });
  }
});

</script>
<!-- OneTrust Cookies Settings button end --> 
<script type="application/javascript">
  window.openCookieSettings = function(e) {
    e.preventDefault();
    OneTrust.ToggleInfoDisplay();
  };

  window.handleKeydown = function(event) {
    if (event.key === 'Enter' || event.key === ' ') {
      event.preventDefault();
      openCookieSettings(event);
    }
  };

  // Attach the keydown listener when the DOM is loaded.
  document.addEventListener('DOMContentLoaded', function() {
    var btn = document.getElementById('openCookieSettings');
    if (btn) {
      btn.addEventListener('keydown', window.handleKeydown);
    }
  });
</script>
<!-- OneTrust Cookies Consent Notice end for rbcgam.com -->

<!-- Accessibility scripts --> 
<script type="application/javascript">
    let expandMenuButton = document.querySelector("#hamburgerMenuButton");
    let megaSeparator = document.querySelector(".mega-menu-separator");
    if (expandMenuButton) {
        expandMenuButton.tabIndex = 0;
    }
    if (megaSeparator) {
        megaSeparator.removeAttribute("role");
    }
</script>
<!-- Accessibility scripts end --> 


<script src="/application/themes/rbcgam/js/analytics-service.js"></script>

<!-- Loading time: 354 -->
</body>
</html> <!-- Loading time not cached: 360 -->