EX-99.A.3 7 exhibit28a3-articlessupple.htm ARTICLES SUPPLEMENTARY Exhibit 28(a)(3) - Articles Supplementary

GREAT-WEST FUNDS, INC.
ARTICLES SUPPLEMENTARY

Great-West Funds, Inc., a Maryland corporation registered as an open-end investment company under the Investment Company Act of 1940, as amended (the "Corporation"), hereby certifies to the State Department of Assessments and Taxation of Maryland that:

FIRST: In accordance with procedures established in the Corporation’s Articles of Amendment and Restatement and pursuant to Sections 2-105(c) and 2-208.1 of Maryland General Corporate Law, the Board of Directors of the Corporation, by resolution dated September 19, 2013, duly authorized the decrease in the number of shares of stock of the Great-West Ariel Small Cap Value Fund that the Corporation shall have the authority to issue from one hundred twenty million (120,000,000) shares to zero (0) shares.

SECOND: In accordance with procedures established in the Corporation’s Articles of Amendment and Restatement and pursuant to Section 2-208 of Maryland General Corporate Law, the Board of Directors of the Corporation, by resolution dated September 19, 2013, duly reclassifies one hundred twenty million (120,000,000) shares of the authorized common stock of the Corporation as unclassified.

THIRD: The shares of the Corporation reclassified pursuant to Articles Second of these Articles Supplementary have been so classified by the Board of Directors under the authority contained in the Articles of Amendment and Restatement of the Corporation.

FOURTH: Immediately prior to the effectiveness of these Articles Supplementary of the Corporation, the Corporation had the authority to issue eleven billion (11,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of eleven million dollars ($11,000,000), of which the Board of Directors had designated 9,488,500,000 shares into portfolios and classes and classified the shares of each portfolio and class as follows:

Previous Classification of Shares
Series/Portfolio
Class
Authorized Shares
(expressed in millions)
Great-West Money Market
Common Stock
1,000
Great-West Stock Index
Initial Class
90
Great-West Stock Index
Class L
35
Great-West Bond Index
Initial Class
130
Great-West Bond Index
Class L
35
Great-West U.S. Government Mortgage Securities
Initial Class
90
Great-West U.S. Government Mortgage Securities
Class L
35
Great-West S&P Small Cap 600® Index
Initial Class
100
Great-West S&P Small Cap 600® Index
Class L
35
Great-West Putnam High Yield Bond
Initial Class
100
Great-West Putnam High Yield Bond
Class L
35
Great-West Multi-Manager Large Cap Growth
Initial Class
100
Great-West Multi-Manager Large Cap Growth
Class L
35
Great-West MFS International Growth
Initial Class
100
Great-West MFS International Growth
Class L
35
Great-West Federated Bond
Initial Class
100
Great-West Federated Bond
Class L
35
Great-West MFS International Value
Initial Class
110
Great-West MFS International Value
Class L
35
Great-West S&P 500® Index
Initial Class
180
Great-West S&P 500® Index
Class L
35
Great-West Goldman Sachs Mid Cap Value
Initial Class
85
Great-West Goldman Sachs Mid Cap Value
Class L
35
Great-West Invesco Small Cap Value
Initial Class
110
Great-West Invesco Small Cap Value
Class L
35
Great-West Ariel Mid Cap Value
Initial Class
100
Great-West Ariel Mid Cap Value
Class L
35
Great-West Ariel Small Cap Value
Initial Class
85
Great-West Ariel Small Cap Value
Class L
35
Great-West Loomis Sayles Small Cap Value
Initial Class
90
Great-West Loomis Sayles Small Cap Value
Class L
35
Great-West Loomis Sayles Bond
Initial Class
100
Great-West Loomis Sayles Bond
Class L
35
Great-West T. Rowe Price Equity Income
Initial Class
125
Great-West T. Rowe Price Equity Income
Class L
35
Great-West Small Cap Growth
Initial Class
90
Great-West Small Cap Growth
Class L
35
Great-West Short Duration Bond
Initial Class
85
Great-West Short Duration Bond
Class L
35
Great-West T. Rowe Price Mid Cap Growth
Initial Class
110
Great-West T. Rowe Price Mid Cap Growth
Class L
35
Great-West Templeton Global Bond
Initial Class
100
Great-West Templeton Global Bond
Class L
35
Great-West S&P Mid Cap 400® Index
Initial Class
52.5
Great-West S&P Mid Cap 400® Index
Class L
33
Great-West International Index
Initial Class
70
Great-West International Index
Class L
33
Great-West Putnam Equity Income
Initial Class
70
Great-West Putnam Equity Income
Class L
33
Great-West American Century Growth
Initial Class
80
Great-West American Century Growth
Class L
33
Great-West Real Estate Index
Initial Class
35
Great-West Real Estate Index
Class L
35
Great-West Conservative Profile I
Initial Class
100
Great-West Conservative Profile I
Class L
35
Great-West Moderately Conservative Profile I
Initial Class
100
Great-West Moderately Conservative Profile I
Class L
35
Great-West Moderate Profile I
Initial Class
100
Great-West Moderate Profile I
Class L
35
Great-West Moderately Aggressive Profile I
Initial Class
100
Great-West Moderately Aggressive Profile I
Class L
35
Great-West Aggressive Profile I
Initial Class
100
Great-West Aggressive Profile I
Class L
35
Great-West Conservative Profile II
Initial Class
100
Great-West Conservative Profile II
Class L
35
Great-West Moderately Conservative Profile II
Initial Class
100
Great-West Moderately Conservative Profile II
Class L
35
Great-West Moderate Profile II
Initial Class
250
Great-West Moderate Profile II
Class L
35
Great-West Moderately Aggressive Profile II
Initial Class
100
Great-West Moderately Aggressive Profile II
Class L
35
Great-West Aggressive Profile II
Initial Class
175
Great-West Aggressive Profile II
Class L
35
Great-West Lifetime 2015 I
Class T
45
Great-West Lifetime 2015 I
Class T1
45
Great-West Lifetime 2015 I
Class L
33
Great-West Lifetime 2015 II
Class T
45
Great-West Lifetime 2015 II
Class T1
80
Great-West Lifetime 2015 II
Class L
33
Great-West Lifetime 2015 III
Class T
45
Great-West Lifetime 2015 III
Class T1
45
Great-West Lifetime 2015 III
Class L
33
Great-West Lifetime 2025 I
Class T
45
Great-West Lifetime 2025 I
Class T1
45
Great-West Lifetime 2025 I
Class L
33
Great-West Lifetime 2025 II
Class T
45
Great-West Lifetime 2025 II
Class T1
100
Great-West Lifetime 2025 II
Class L
33
Great-West Lifetime 2025 III
Class T
45
Great-West Lifetime 2025 III
Class T1
45
Great-West Lifetime 2025 III
Class L
33
Great-West Lifetime 2035 I
Class T
45
Great-West Lifetime 2035 I
Class T1
45
Great-West Lifetime 2035 I
Class L
33
Great-West Lifetime 2035 II
Class T
45
Great-West Lifetime 2035 II
Class T1
70
Great-West Lifetime 2035 II
Class L
33
Great-West Lifetime 2035 III
Class T
45
Great-West Lifetime 2035 III
Class T1
45
Great-West Lifetime 2035 III
Class L
33
Great-West Lifetime 2045 I
Class T
45
Great-West Lifetime 2045 I
Class T1
45
Great-West Lifetime 2045 I
Class L
33
Great-West Lifetime 2045 II
Class T
45
Great-West Lifetime 2045 II
Class T1
45
Great-West Lifetime 2045 II
Class L
33
Great-West Lifetime 2045 III
Class T
45
Great-West Lifetime 2045 III
Class T1
45
Great-West Lifetime 2045 III
Class L
33
Great-West Lifetime 2055 I
Class T
45
Great-West Lifetime 2055 I
Class T1
45
Great-West Lifetime 2055 I
Class L
33
Great-West Lifetime 2055 II
Class T
45
Great-West Lifetime 2055 II
Class T1
45
Great-West Lifetime 2055 II
Class L
33
Great-West Lifetime 2055 III
Class T
45
Great-West Lifetime 2055 III
Class T1
45
Great-West Lifetime 2055 III
Class L
33
Great-West SecureFoundation® Balanced
Class G
75
Great-West SecureFoundation® Balanced
Class G1
75
Great-West SecureFoundation® Balanced
Class L
33
Great-West SecureFoundation® Balanced ETF
Class A
35
Great-West SecureFoundation® Balanced ETF
Class S
35
Great-West SecureFoundation® Lifetime 2015
Class G
75
Great-West SecureFoundation® Lifetime 2015
Class G1
75
Great-West SecureFoundation® Lifetime 2015
Class L
33
Great-West SecureFoundation® Lifetime 2020
Class G
33
Great-West SecureFoundation® Lifetime 2020
Class G1
33
Great-West SecureFoundation® Lifetime 2020
Class L
33
Great-West SecureFoundation® Lifetime 2025
Class G
75
Great-West SecureFoundation® Lifetime 2025
Class G1
75
Great-West SecureFoundation® Lifetime 2025
Class L
33
Great-West SecureFoundation® Lifetime 2030
Class G
33
Great-West SecureFoundation® Lifetime 2030
Class G1
33
Great-West SecureFoundation® Lifetime 2030
Class L
33
Great-West SecureFoundation® Lifetime 2035
Class G
75
Great-West SecureFoundation® Lifetime 2035
Class G1
75
Great-West SecureFoundation® Lifetime 2035
Class L
33
Great-West SecureFoundation® Lifetime 2040
Class G
33
Great-West SecureFoundation® Lifetime 2040
Class G1
33
Great-West SecureFoundation® Lifetime 2040
Class L
33
Great-West SecureFoundation® Lifetime 2045
Class G
75
Great-West SecureFoundation® Lifetime 2045
Class G1
75
Great-West SecureFoundation® Lifetime 2045
Class L
33
Great-West SecureFoundation® Lifetime 2050
Class G
33
Great-West SecureFoundation® Lifetime 2050
Class G1
33
Great-West SecureFoundation® Lifetime 2050
Class L
33
Great-West SecureFoundation® Lifetime 2055
Class G
75
Great-West SecureFoundation® Lifetime 2055
Class G1
75
Great-West SecureFoundation® Lifetime 2055
Class L
33
 
 
 
Unclassified Capital Stock:
 
1,511.5
 
 
 
Total:
 
11,000

As supplemented hereby, the Corporation’s Articles of Amendment and Restatement authorize the issuance of eleven billion (11,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of eleven million dollars ($11,000,000), classified as follows:


Current Classification of Shares
Series/Portfolio
Class
Authorized Shares
(expressed in millions)
Great-West Money Market
Common Stock
1,000
Great-West Stock Index
Initial Class
90
Great-West Stock Index
Class L
35
Great-West Bond Index
Initial Class
130
Great-West Bond Index
Class L
35
Great-West U.S. Government Mortgage Securities
Initial Class
90
Great-West U.S. Government Mortgage Securities
Class L
35
Great-West S&P Small Cap 600® Index
Initial Class
100
Great-West S&P Small Cap 600® Index
Class L
35
Great-West Putnam High Yield Bond
Initial Class
100
Great-West Putnam High Yield Bond
Class L
35
Great-West Multi-Manager Large Cap Growth
Initial Class
100
Great-West Multi-Manager Large Cap Growth
Class L
35
Great-West MFS International Growth
Initial Class
100
Great-West MFS International Growth
Class L
35
Great-West Federated Bond
Initial Class
100
Great-West Federated Bond
Class L
35
Great-West MFS International Value
Initial Class
110
Great-West MFS International Value
Class L
35
Great-West S&P 500® Index
Initial Class
180
Great-West S&P 500® Index
Class L
35
Great-West Goldman Sachs Mid Cap Value
Initial Class
85
Great-West Goldman Sachs Mid Cap Value
Class L
35
Great-West Invesco Small Cap Value
Initial Class
110
Great-West Invesco Small Cap Value
Class L
35
Great-West Ariel Mid Cap Value
Initial Class
100
Great-West Ariel Mid Cap Value
Class L
35
Great-West Loomis Sayles Small Cap Value
Initial Class
90
Great-West Loomis Sayles Small Cap Value
Class L
35
Great-West Loomis Sayles Bond
Initial Class
100
Great-West Loomis Sayles Bond
Class L
35
Great-West T. Rowe Price Equity Income
Initial Class
125
Great-West T. Rowe Price Equity Income
Class L
35
Great-West Small Cap Growth
Initial Class
90
Great-West Small Cap Growth
Class L
35
Great-West Short Duration Bond
Initial Class
85
Great-West Short Duration Bond
Class L
35
Great-West T. Rowe Price Mid Cap Growth
Initial Class
110
Great-West T. Rowe Price Mid Cap Growth
Class L
35
Great-West Templeton Global Bond
Initial Class
100
Great-West Templeton Global Bond
Class L
35
Great-West S&P Mid Cap 400® Index
Initial Class
52.5
Great-West S&P Mid Cap 400® Index
Class L
33
Great-West International Index
Initial Class
70
Great-West International Index
Class L
33
Great-West Putnam Equity Income
Initial Class
70
Great-West Putnam Equity Income
Class L
33
Great-West American Century Growth
Initial Class
80
Great-West American Century Growth
Class L
33
Great-West Real Estate Index
Initial Class
35
Great-West Real Estate Index
Class L
35
Great-West Conservative Profile I
Initial Class
100
Great-West Conservative Profile I
Class L
35
Great-West Moderately Conservative Profile I
Initial Class
100
Great-West Moderately Conservative Profile I
Class L
35
Great-West Moderate Profile I
Initial Class
100
Great-West Moderate Profile I
Class L
35
Great-West Moderately Aggressive Profile I
Initial Class
100
Great-West Moderately Aggressive Profile I
Class L
35
Great-West Aggressive Profile I
Initial Class
100
Great-West Aggressive Profile I
Class L
35
Great-West Conservative Profile II
Initial Class
100
Great-West Conservative Profile II
Class L
35
Great-West Moderately Conservative Profile II
Initial Class
100
Great-West Moderately Conservative Profile II
Class L
35
Great-West Moderate Profile II
Initial Class
250
Great-West Moderate Profile II
Class L
35
Great-West Moderately Aggressive Profile II
Initial Class
100
Great-West Moderately Aggressive Profile II
Class L
35
Great-West Aggressive Profile II
Initial Class
175
Great-West Aggressive Profile II
Class L
35
Great-West Lifetime 2015 I
Class T
45
Great-West Lifetime 2015 I
Class T1
45
Great-West Lifetime 2015 I
Class L
33
Great-West Lifetime 2015 II
Class T
45
Great-West Lifetime 2015 II
Class T1
80
Great-West Lifetime 2015 II
Class L
33
Great-West Lifetime 2015 III
Class T
45
Great-West Lifetime 2015 III
Class T1
45
Great-West Lifetime 2015 III
Class L
33
Great-West Lifetime 2025 I
Class T
45
Great-West Lifetime 2025 I
Class T1
45
Great-West Lifetime 2025 I
Class L
33
Great-West Lifetime 2025 II
Class T
45
Great-West Lifetime 2025 II
Class T1
100
Great-West Lifetime 2025 II
Class L
33
Great-West Lifetime 2025 III
Class T
45
Great-West Lifetime 2025 III
Class T1
45
Great-West Lifetime 2025 III
Class L
33
Great-West Lifetime 2035 I
Class T
45
Great-West Lifetime 2035 I
Class T1
45
Great-West Lifetime 2035 I
Class L
33
Great-West Lifetime 2035 II
Class T
45
Great-West Lifetime 2035 II
Class T1
70
Great-West Lifetime 2035 II
Class L
33
Great-West Lifetime 2035 III
Class T
45
Great-West Lifetime 2035 III
Class T1
45
Great-West Lifetime 2035 III
Class L
33
Great-West Lifetime 2045 I
Class T
45
Great-West Lifetime 2045 I
Class T1
45
Great-West Lifetime 2045 I
Class L
33
Great-West Lifetime 2045 II
Class T
45
Great-West Lifetime 2045 II
Class T1
45
Great-West Lifetime 2045 II
Class L
33
Great-West Lifetime 2045 III
Class T
45
Great-West Lifetime 2045 III
Class T1
45
Great-West Lifetime 2045 III
Class L
33
Great-West Lifetime 2055 I
Class T
45
Great-West Lifetime 2055 I
Class T1
45
Great-West Lifetime 2055 I
Class L
33
Great-West Lifetime 2055 II
Class T
45
Great-West Lifetime 2055 II
Class T1
45
Great-West Lifetime 2055 II
Class L
33
Great-West Lifetime 2055 III
Class T
45
Great-West Lifetime 2055 III
Class T1
45
Great-West Lifetime 2055 III
Class L
33
Great-West SecureFoundation® Balanced
Class G
75
Great-West SecureFoundation® Balanced
Class G1
75
Great-West SecureFoundation® Balanced
Class L
33
Great-West SecureFoundation® Balanced ETF
Class A
35
Great-West SecureFoundation® Balanced ETF
Class S
35
Great-West SecureFoundation® Lifetime 2015
Class G
75
Great-West SecureFoundation® Lifetime 2015
Class G1
75
Great-West SecureFoundation® Lifetime 2015
Class L
33
Great-West SecureFoundation® Lifetime 2020
Class G
33
Great-West SecureFoundation® Lifetime 2020
Class G1
33
Great-West SecureFoundation® Lifetime 2020
Class L
33
Great-West SecureFoundation® Lifetime 2025
Class G
75
Great-West SecureFoundation® Lifetime 2025
Class G1
75
Great-West SecureFoundation® Lifetime 2025
Class L
33
Great-West SecureFoundation® Lifetime 2030
Class G
33
Great-West SecureFoundation® Lifetime 2030
Class G1
33
Great-West SecureFoundation® Lifetime 2030
Class L
33
Great-West SecureFoundation® Lifetime 2035
Class G
75
Great-West SecureFoundation® Lifetime 2035
Class G1
75
Great-West SecureFoundation® Lifetime 2035
Class L
33
Great-West SecureFoundation® Lifetime 2040
Class G
33
Great-West SecureFoundation® Lifetime 2040
Class G1
33
Great-West SecureFoundation® Lifetime 2040
Class L
33
Great-West SecureFoundation® Lifetime 2045
Class G
75
Great-West SecureFoundation® Lifetime 2045
Class G1
75
Great-West SecureFoundation® Lifetime 2045
Class L
33
Great-West SecureFoundation® Lifetime 2050
Class G
33
Great-West SecureFoundation® Lifetime 2050
Class G1
33
Great-West SecureFoundation® Lifetime 2050
Class L
33
Great-West SecureFoundation® Lifetime 2055
Class G
75
Great-West SecureFoundation® Lifetime 2055
Class G1
75
Great-West SecureFoundation® Lifetime 2055
Class L
33
 
 
 
Unclassified Capital Stock:
 
1,631.5
 
 
 
Total:
 
11,000

FIFTH: These Articles Supplementary shall be effective on December 20, 2013.

IN WITNESS WHEREOF, the Corporation has caused these Articles Supplementary to be signed, and witnessed, in its name and on its behalf by its undersigned officers who acknowledge that these Articles Supplementary are the act of the Corporation; that to the best of their knowledge, information and belief, all matters and facts set forth herein relating to the authorization and approval of these Articles Supplementary are true in all material respects; and that this statement is made under the penalties of perjury.



GREAT-WEST FUNDS, INC.


By:     /s/ Mitchell T.G. Graye            
Name: Mitchell T.G. Graye
Title:
President and Chief Executive Officer
ATTEST:



By:     /s/ Ryan L. Logsdon            
Name:    Ryan L. Logsdon
Title:
Assistant Vice President, Counsel &
Secretary

1