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: On June 23, 2016 the Board of Directors of the Corporation, pursuant to the authority contained in the Corporation’s charter, and in accordance with Section 2-105(c) of the Maryland General Corporation Law, unanimously adopted resolutions approving:

1. The re-classification of the following shares of previously classified but unissued shares of Common Stock of the Corporation as follows:

Previously Classified Shares (expressed in millions)	Re-Classified Shares (expressed in millions)
Great-West S&P 500® Index Class L - 10	Great-West S&P 500® Index Class L - 15
Great-West Money Market Initial Class – 1,250	Great-West Money Market Initial Class – 1,400
Great-West Aggressive Profile II Institutional Class - 5	Great-West Aggressive Profile II Institutional Class - 10
Great-West Moderately Aggressive Profile II Institutional Class - 5	Great-West Moderately Aggressive Profile II Institutional Class - 10
Great-West Moderate Profile II Institutional Class - 5	Great-West Moderate Profile II Institutional Class - 15
Great-West Bond Index Class L - 10	Great-West Bond Index Class L - 15
Great-West Money Market Institutional Class - 150	Great-West Money Market Institutional Class - 350
Great-West Lifetime 2050 Class T - 35	Great-West Lifetime 2050 Class T - 5
Great-West Lifetime 2020 Class T - 35	Great-West Lifetime 2020 Class T - 5
Great-West Invesco Small Cap Value Institutional Class - 150	Great-West Invesco Small Cap Value Institutional Class - 100
Great-West Ariel Mid Cap Value Institutional Class - 150	Great-West Ariel Mid Cap Value Institutional Class - 100
Great-West Multi-Manager Small Cap Growth Institutional Class - 150	Great-West Multi-Manager Small Cap Growth Institutional Class - 90

SECOND: 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.

THIRD: 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 one billion one hundred million dollars ($1,100,000,000), of which the Board of Directors had designated 10,680,500,000 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	Initial Class	1,250

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Money Market	Institutional Class	150
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	10
Great-West Bond Index	Institutional Class	150
Great-West U.S. Government Mortgage Securities	Initial Class	75
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	50
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150
Great-West MFS International Growth	Initial Class	20
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150
Great-West S&P 500® Index	Initial Class	140
Great-West S&P 500® Index	Class L	10
Great-West S&P 500® Index	Institutional Class	150
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	150
Great-West Ariel Mid Cap Value	Initial Class	200
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	150
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150
Great-West Loomis Sayles Bond	Initial Class	80
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150

2

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	5
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	27.5
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	30
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35
Great-West Putnam Equity Income	Class L	5
Great-West Putnam Equity Income	Institutional Class	150
Great-West Real Estate Index	Initial Class	10
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	150
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	35
Great-West Conservative Profile II	Institutional Class	5
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	35
Great-West Moderate Profile II	Institutional Class	5
Great-West Moderately Aggressive Profile II	Initial Class	100

3

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	5
Great-West Aggressive Profile II	Initial Class	175
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	5
Great-West Lifetime Conservative 2015	Class T	35
Great-West Lifetime Conservative 2015	Class T1	35
Great-West Lifetime Conservative 2015	Class L	5
Great-West Lifetime Conservative 2015	Institutional Class	5
Great-West Lifetime 2015	Class T	70
Great-West Lifetime 2015	Class T1	135
Great-West Lifetime 2015	Class L	28
Great-West Lifetime 2015	Institutional Class	10
Great-West Lifetime Conservative 2020	Class T	35
Great-West Lifetime Conservative 2020	Class T1	35
Great-West Lifetime Conservative 2020	Class L	5
Great-West Lifetime Conservative 2020	Institutional Class	5
Great-West Lifetime 2020	Class T	35
Great-West Lifetime 2020	Class T1	35
Great-West Lifetime 2020	Class L	5
Great-West Lifetime 2020	Institutional Class	5
Great-West Lifetime Conservative 2025	Class T	35
Great-West Lifetime Conservative 2025	Class T1	35
Great-West Lifetime Conservative 2025	Class L	5
Great-West Lifetime Conservative 2025	Institutional Class	5
Great-West Lifetime 2025	Class T	70
Great-West Lifetime 2025	Class T1	155
Great-West Lifetime 2025	Class L	28
Great-West Lifetime 2025	Institutional Class	10
Great-West Lifetime Conservative 2030	Class T	35
Great-West Lifetime Conservative 2030	Class T1	35
Great-West Lifetime Conservative 2030	Class L	5
Great-West Lifetime Conservative 2030	Institutional Class	5
Great-West Lifetime 2030	Class T	35
Great-West Lifetime 2030	Class T1	35
Great-West Lifetime 2030	Class L	5
Great-West Lifetime 2030	Institutional Class	5
Great-West Lifetime Conservative 2035	Class T	35
Great-West Lifetime Conservative 2035	Class T1	35
Great-West Lifetime Conservative 2035	Class L	5
Great-West Lifetime Conservative 2035	Institutional Class	5
Great-West Lifetime 2035	Class T	70
Great-West Lifetime 2035	Class T1	135
Great-West Lifetime 2035	Class L	28
Great-West Lifetime 2035	Institutional Class	10
Great-West Lifetime Conservative 2040	Class T	35
Great-West Lifetime Conservative 2040	Class T1	35
Great-West Lifetime Conservative 2040	Class L	5
Great-West Lifetime Conservative 2040	Institutional Class	5

4

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2040	Class T	35
Great-West Lifetime 2040	Class T1	35
Great-West Lifetime 2040	Class L	5
Great-West Lifetime 2040	Institutional Class	5
Great-West Lifetime Conservative 2045	Class T	35
Great-West Lifetime Conservative 2045	Class T1	35
Great-West Lifetime Conservative 2045	Class L	5
Great-West Lifetime Conservative 2045	Institutional Class	5
Great-West Lifetime 2045	Class T	70
Great-West Lifetime 2045	Class T1	85
Great-West Lifetime 2045	Class L	28
Great-West Lifetime 2045	Institutional Class	10
Great-West Lifetime Conservative 2050	Class T	35
Great-West Lifetime Conservative 2050	Class T1	35
Great-West Lifetime Conservative 2050	Class L	5
Great-West Lifetime Conservative 2050	Institutional Class	5
Great-West Lifetime 2050	Class T	35
Great-West Lifetime 2050	Class T1	35
Great-West Lifetime 2050	Class L	5
Great-West Lifetime 2050	Institutional Class	5
Great-West Lifetime Conservative 2055	Class T	35
Great-West Lifetime Conservative 2055	Class T1	35
Great-West Lifetime Conservative 2055	Class L	5
Great-West Lifetime Conservative 2055	Institutional Class	5
Great-West Lifetime 2055	Class T	70
Great-West Lifetime 2055	Class T1	70
Great-West Lifetime 2055	Class L	28
Great-West Lifetime 2055	Institutional Class	10
Great-West SecureFoundation® Balanced	Class G	30
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	5
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	10
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	10
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5

5

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West SecureFoundation® Lifetime 2035	Class G	30
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	10
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5
Great-West SecureFoundation® Lifetime 2050	Class G1	5
Great-West SecureFoundation® Lifetime 2050	Class L	5
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		319.5
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 one billion one hundred million dollars ($1,100,000,000), classified as follows:

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Money Market	Initial Class	1,400
Great-West Money Market	Institutional Class	350
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	15
Great-West Bond Index	Institutional Class	150
Great-West U.S. Government Mortgage Securities	Initial Class	75
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150

6

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	50
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150
Great-West MFS International Growth	Initial Class	20
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150
Great-West S&P 500® Index	Initial Class	140
Great-West S&P 500® Index	Class L	15
Great-West S&P 500® Index	Institutional Class	150
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	100
Great-West Ariel Mid Cap Value	Initial Class	200
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	100
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150
Great-West Loomis Sayles Bond	Initial Class	80
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	5
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	27.5
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	30

7

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35
Great-West Putnam Equity Income	Class L	5
Great-West Putnam Equity Income	Institutional Class	150
Great-West Real Estate Index	Initial Class	10
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	90
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	35
Great-West Conservative Profile II	Institutional Class	5
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	35
Great-West Moderate Profile II	Institutional Class	15
Great-West Moderately Aggressive Profile II	Initial Class	100
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	10
Great-West Aggressive Profile II	Initial Class	175
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	10
Great-West Lifetime Conservative 2015	Class T	35
Great-West Lifetime Conservative 2015	Class T1	35
Great-West Lifetime Conservative 2015	Class L	5
Great-West Lifetime Conservative 2015	Institutional Class	5
Great-West Lifetime 2015	Class T	70
Great-West Lifetime 2015	Class T1	135
Great-West Lifetime 2015	Class L	28
Great-West Lifetime 2015	Institutional Class	10

8

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime Conservative 2020	Class T	35
Great-West Lifetime Conservative 2020	Class T1	35
Great-West Lifetime Conservative 2020	Class L	5
Great-West Lifetime Conservative 2020	Institutional Class	5
Great-West Lifetime 2020	Class T	5
Great-West Lifetime 2020	Class T1	35
Great-West Lifetime 2020	Class L	5
Great-West Lifetime 2020	Institutional Class	5
Great-West Lifetime Conservative 2025	Class T	35
Great-West Lifetime Conservative 2025	Class T1	35
Great-West Lifetime Conservative 2025	Class L	5
Great-West Lifetime Conservative 2025	Institutional Class	5
Great-West Lifetime 2025	Class T	70
Great-West Lifetime 2025	Class T1	155
Great-West Lifetime 2025	Class L	28
Great-West Lifetime 2025	Institutional Class	10
Great-West Lifetime Conservative 2030	Class T	35
Great-West Lifetime Conservative 2030	Class T1	35
Great-West Lifetime Conservative 2030	Class L	5
Great-West Lifetime Conservative 2030	Institutional Class	5
Great-West Lifetime 2030	Class T	35
Great-West Lifetime 2030	Class T1	35
Great-West Lifetime 2030	Class L	5
Great-West Lifetime 2030	Institutional Class	5
Great-West Lifetime Conservative 2035	Class T	35
Great-West Lifetime Conservative 2035	Class T1	35
Great-West Lifetime Conservative 2035	Class L	5
Great-West Lifetime Conservative 2035	Institutional Class	5
Great-West Lifetime 2035	Class T	70
Great-West Lifetime 2035	Class T1	135
Great-West Lifetime 2035	Class L	28
Great-West Lifetime 2035	Institutional Class	10
Great-West Lifetime Conservative 2040	Class T	35
Great-West Lifetime Conservative 2040	Class T1	35
Great-West Lifetime Conservative 2040	Class L	5
Great-West Lifetime Conservative 2040	Institutional Class	5
Great-West Lifetime 2040	Class T	35
Great-West Lifetime 2040	Class T1	35
Great-West Lifetime 2040	Class L	5
Great-West Lifetime 2040	Institutional Class	5
Great-West Lifetime Conservative 2045	Class T	35
Great-West Lifetime Conservative 2045	Class T1	35
Great-West Lifetime Conservative 2045	Class L	5
Great-West Lifetime Conservative 2045	Institutional Class	5
Great-West Lifetime 2045	Class T	70
Great-West Lifetime 2045	Class T1	85
Great-West Lifetime 2045	Class L	28
Great-West Lifetime 2045	Institutional Class	10
Great-West Lifetime Conservative 2050	Class T	35

9

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime Conservative 2050	Class T1	35
Great-West Lifetime Conservative 2050	Class L	5
Great-West Lifetime Conservative 2050	Institutional Class	5
Great-West Lifetime 2050	Class T	5
Great-West Lifetime 2050	Class T1	35
Great-West Lifetime 2050	Class L	5
Great-West Lifetime 2050	Institutional Class	5
Great-West Lifetime Conservative 2055	Class T	35
Great-West Lifetime Conservative 2055	Class T1	35
Great-West Lifetime Conservative 2055	Class L	5
Great-West Lifetime Conservative 2055	Institutional Class	5
Great-West Lifetime 2055	Class T	70
Great-West Lifetime 2055	Class T1	70
Great-West Lifetime 2055	Class L	28
Great-West Lifetime 2055	Institutional Class	10
Great-West SecureFoundation® Balanced	Class G	30
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	5
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	10
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	10
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5
Great-West SecureFoundation® Lifetime 2035	Class G	30
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	10
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5

10

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West SecureFoundation® Lifetime 2050	Class G1	5
Great-West SecureFoundation® Lifetime 2050	Class L	5
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		159.5
Total:		11,000

FOURTH: The Corporation is registered as an open-end company under the Investment Company Act of 1940.

FIFTH: These Articles Supplementary shall be effective on July 27, 2016.

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/ David L. Musto
Name:	David L. Musto
Title:	President and Chief Executive Officer

ATTEST:
By:	/s/ Cara B. Owen
Name:	Cara B. Owen
Title:	Counsel & Assistant Secretary

11

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: On September 30, 2016 the Board of Directors of the Corporation, pursuant to the authority contained in the Corporation’s charter, and in accordance with Section 2-105(c) of the Maryland General Corporation Law, unanimously adopted resolutions approving:

1. An increase in the total number of shares of capital stock which the Corporation shall have authority to issue from eleven billion (11,000,000,000) shares of the par value of ten cents ($0.10) per share and of the aggregate par value of $1,100,000,000 to fifteen billion (15,000,000,000) shares of the par value of ten cents ($0.10) per share and of the aggregate par value of $1,500,000,000.

2. The re-classification of the following shares of previously classified but unissued shares of Common Stock of the Corporation as follows:

Previously Classified Shares (expressed in millions)	Re-Classified Shares (expressed in millions)
Great-West Government Money Market Fund Initial Class – 1,400	Great-West Government Money Market Fund Initial Class – 2,300
Great-West Bond Index Fund Institutional Class – 150	Great-West Bond Index Fund Institutional Class – 160
Great-West Bond Index Fund Class L – 15	Great-West Bond Index Fund Class L – 35
Great-West S&P 500® Index Institutional Class – 150	Great-West S&P 500® Index Institutional Class – 210
Great-West S&P 500® Index Fund Initial Class – 140	Great-West S&P 500® Index Fund Initial Class – 150
Great-West S&P 500® Index Fund Class L – 15	Great-West S&P 500® Index Fund Class L – 30
Great-West S&P Mid Cap 400 Index Initial Class – 27.5	Great-West S&P Mid Cap 400 Index Initial Class – 40
Great-West International Index Fund Initial Class – 30	Great-West International Index Fund Initial Class – 40
Great-West Real Estate Index Fund Initial Class – 10	Great-West Real Estate Index Fund Initial Class – 15
Great-West T. Rowe Price Mid Cap Growth Fund Class L – 5	Great-West T. Rowe Price Mid Cap Growth Fund Class L – 6
Great-West Conservative Profile II Fund Class L – 35	Great-West Conservative Profile II Fund Class L – 55
Great-West Moderate Profile II Fund Class L – 35	Great-West Moderate Profile II Fund Class L – 45
Great-West Conservative Profile II Fund Institutional Class – 5	Great-West Conservative Profile II Fund Institutional Class – 6

Great-West Lifetime 2015 Fund Class L – 28	Great-West Lifetime 2015 Fund Class L – 32
Great-West Lifetime 2025 Fund Class T1 – 155	Great-West Lifetime 2025 Fund Class T1 – 210
Great-West Lifetime 2035 Fund Class T1 – 135	Great-West Lifetime 2035 Fund Class T1 – 180
Great-West Lifetime 2045 Fund Class T1 – 85	Great-West Lifetime 2045 Fund Class T1 – 110
Great-West SecureFoundation Balanced Fund Class G – 30	Great-West SecureFoundation Balanced Fund Class G – 35
Great-West SecureFoundation Balanced Fund Institutional Class – 5	Great-West SecureFoundation Balanced Fund Institutional Class – 6
Great-West SecureFoundation Lifetime 2020 Fund Class G – 10	Great-West SecureFoundation Lifetime 2020 Fund Class G – 11
Great-West SecureFoundation Lifetime 2030 Fund Class G  – 10	Great-West SecureFoundation Lifetime 2030 Fund Class G – 14
Great-West SecureFoundation Lifetime 2040 Fund Class G – 10	Great-West SecureFoundation Lifetime 2040 Fund Class G – 11

SECOND: The total number of shares of capital stock that the Corporation has authority to issue has been increased by the Board of Directors in accordance with Section 2-105(c) of the Maryland General Corporation Law.

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 one billion one hundred million dollars ($1,100,000,000), of which the Board of Directors had designated 10,840,500,000 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 Government Money Market	Initial Class	1,400
Great-West Government Money Market	Institutional Class	350
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	15
Great-West Bond Index	Institutional Class	150
Great-West U.S. Government Mortgage Securities	Initial Class	75
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150

2

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	50
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150
Great-West MFS International Growth	Initial Class	20
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150
Great-West S&P 500® Index	Initial Class	140
Great-West S&P 500® Index	Class L	15
Great-West S&P 500® Index	Institutional Class	150
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	100
Great-West Ariel Mid Cap Value	Initial Class	200
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	100
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150

3

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Loomis Sayles Bond	Initial Class	80
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	5
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	27.5
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	30
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35
Great-West Putnam Equity Income	Class L	5
Great-West Putnam Equity Income	Institutional Class	150
Great-West Real Estate Index	Initial Class	10
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	90
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5

4

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	35
Great-West Conservative Profile II	Institutional Class	5
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	35
Great-West Moderate Profile II	Institutional Class	15
Great-West Moderately Aggressive Profile II	Initial Class	100
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	10
Great-West Aggressive Profile II	Initial Class	175
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	10
Great-West Lifetime Conservative 2015	Class T	35
Great-West Lifetime Conservative 2015	Class T1	35
Great-West Lifetime Conservative 2015	Class L	5
Great-West Lifetime Conservative 2015	Institutional Class	5
Great-West Lifetime 2015	Class T	70
Great-West Lifetime 2015	Class T1	135

5

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2015	Class L	28
Great-West Lifetime 2015	Institutional Class	10
Great-West Lifetime Conservative 2020	Class T	35
Great-West Lifetime Conservative 2020	Class T1	35
Great-West Lifetime Conservative 2020	Class L	5
Great-West Lifetime Conservative 2020	Institutional Class	5
Great-West Lifetime 2020	Class T	5
Great-West Lifetime 2020	Class T1	35
Great-West Lifetime 2020	Class L	5
Great-West Lifetime 2020	Institutional Class	5
Great-West Lifetime Conservative 2025	Class T	35
Great-West Lifetime Conservative 2025	Class T1	35
Great-West Lifetime Conservative 2025	Class L	5
Great-West Lifetime Conservative 2025	Institutional Class	5
Great-West Lifetime 2025	Class T	70
Great-West Lifetime 2025	Class T1	155
Great-West Lifetime 2025	Class L	28
Great-West Lifetime 2025	Institutional Class	10
Great-West Lifetime Conservative 2030	Class T	35
Great-West Lifetime Conservative 2030	Class T1	35
Great-West Lifetime Conservative 2030	Class L	5
Great-West Lifetime Conservative 2030	Institutional Class	5
Great-West Lifetime 2030	Class T	35
Great-West Lifetime 2030	Class T1	35
Great-West Lifetime 2030	Class L	5
Great-West Lifetime 2030	Institutional Class	5
Great-West Lifetime Conservative 2035	Class T	35
Great-West Lifetime Conservative 2035	Class T1	35
Great-West Lifetime Conservative 2035	Class L	5
Great-West Lifetime Conservative 2035	Institutional Class	5
Great-West Lifetime 2035	Class T	70
Great-West Lifetime 2035	Class T1	135
Great-West Lifetime 2035	Class L	28
Great-West Lifetime 2035	Institutional Class	10
Great-West Lifetime Conservative 2040	Class T	35

6

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime Conservative 2040	Class T1	35
Great-West Lifetime Conservative 2040	Class L	5
Great-West Lifetime Conservative 2040	Institutional Class	5
Great-West Lifetime 2040	Class T	35
Great-West Lifetime 2040	Class T1	35
Great-West Lifetime 2040	Class L	5
Great-West Lifetime 2040	Institutional Class	5
Great-West Lifetime Conservative 2045	Class T	35
Great-West Lifetime Conservative 2045	Class T1	35
Great-West Lifetime Conservative 2045	Class L	5
Great-West Lifetime Conservative 2045	Institutional Class	5
Great-West Lifetime 2045	Class T	70
Great-West Lifetime 2045	Class T1	85
Great-West Lifetime 2045	Class L	28
Great-West Lifetime 2045	Institutional Class	10
Great-West Lifetime Conservative 2050	Class T	35
Great-West Lifetime Conservative 2050	Class T1	35
Great-West Lifetime Conservative 2050	Class L	5
Great-West Lifetime Conservative 2050	Institutional Class	5
Great-West Lifetime 2050	Class T	5
Great-West Lifetime 2050	Class T1	35
Great-West Lifetime 2050	Class L	5
Great-West Lifetime 2050	Institutional Class	5
Great-West Lifetime Conservative 2055	Class T	35
Great-West Lifetime Conservative 2055	Class T1	35
Great-West Lifetime Conservative 2055	Class L	5
Great-West Lifetime Conservative 2055	Institutional Class	5
Great-West Lifetime 2055	Class T	70
Great-West Lifetime 2055	Class T1	70
Great-West Lifetime 2055	Class L	28
Great-West Lifetime 2055	Institutional Class	10
Great-West SecureFoundation® Balanced	Class G	30
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	5

7

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	10
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	10
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5
Great-West SecureFoundation® Lifetime 2035	Class G	30
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	10
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5
Great-West SecureFoundation® Lifetime 2050	Class G1	5
Great-West SecureFoundation® Lifetime 2050	Class L	5
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5

8

Previous Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		159.5
Total:		11,000

As supplemented hereby, the Corporation’s Articles of Amendment and Restatement authorize the issuance of fifteen billion (15,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of one billion five hundred million dollars ($1,500,000,000), classified as follows:

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Government Money Market	Initial Class	2,300
Great-West Government Money Market	Institutional Class	350
Great-West Stock Index	Initial Class	70
Great-West Stock Index	Class L	5
Great-West Stock Index	Institutional Class	5
Great-West Bond Index	Initial Class	85
Great-West Bond Index	Class L	35
Great-West Bond Index	Institutional Class	160
Great-West U.S. Government Mortgage Securities	Initial Class	75
Great-West U.S. Government Mortgage Securities	Class L	5
Great-West U.S. Government Mortgage Securities	Institutional Class	150
Great-West S&P Small Cap 600® Index	Initial Class	90
Great-West S&P Small Cap 600® Index	Class L	5
Great-West S&P Small Cap 600® Index	Institutional Class	150
Great-West Putnam High Yield Bond	Initial Class	20
Great-West Putnam High Yield Bond	Class L	5
Great-West Putnam High Yield Bond	Institutional Class	150
Great-West Multi-Manager Large Cap Growth	Initial Class	50
Great-West Multi-Manager Large Cap Growth	Class L	5
Great-West Multi-Manager Large Cap Growth	Institutional Class	150

9

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West MFS International Growth	Initial Class	20
Great-West MFS International Growth	Class L	5
Great-West MFS International Growth	Institutional Class	150
Great-West Federated Bond	Initial Class	20
Great-West Federated Bond	Class L	5
Great-West Federated Bond	Institutional Class	150
Great-West MFS International Value	Initial Class	65
Great-West MFS International Value	Class L	5
Great-West MFS International Value	Institutional Class	150
Great-West S&P 500® Index	Initial Class	150
Great-West S&P 500® Index	Class L	30
Great-West S&P 500® Index	Institutional Class	210
Great-West Goldman Sachs Mid Cap Value	Initial Class	45
Great-West Goldman Sachs Mid Cap Value	Class L	5
Great-West Goldman Sachs Mid Cap Value	Institutional Class	150
Great-West Invesco Small Cap Value	Initial Class	20
Great-West Invesco Small Cap Value	Class L	5
Great-West Invesco Small Cap Value	Institutional Class	100
Great-West Ariel Mid Cap Value	Initial Class	200
Great-West Ariel Mid Cap Value	Class L	5
Great-West Ariel Mid Cap Value	Institutional Class	100
Great-West Loomis Sayles Small Cap Value	Initial Class	50
Great-West Loomis Sayles Small Cap Value	Class L	5
Great-West Loomis Sayles Small Cap Value	Institutional Class	150
Great-West Loomis Sayles Bond	Initial Class	80
Great-West Loomis Sayles Bond	Class L	5
Great-West Loomis Sayles Bond	Institutional Class	150
Great-West T. Rowe Price Equity Income	Initial Class	100
Great-West T. Rowe Price Equity Income	Class L	5
Great-West T. Rowe Price Equity Income	Institutional Class	150
Great-West Short Duration Bond	Initial Class	75
Great-West Short Duration Bond	Class L	5
Great-West Short Duration Bond	Institutional Class	150

10

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West T. Rowe Price Mid Cap Growth	Initial Class	100
Great-West T. Rowe Price Mid Cap Growth	Class L	6
Great-West T. Rowe Price Mid Cap Growth	Institutional Class	150
Great-West Templeton Global Bond	Initial Class	70
Great-West Templeton Global Bond	Class L	5
Great-West Templeton Global Bond	Institutional Class	150
Great-West S&P Mid Cap 400® Index	Initial Class	40
Great-West S&P Mid Cap 400® Index	Class L	5
Great-West S&P Mid Cap 400® Index	Institutional Class	150
Great-West International Index	Initial Class	40
Great-West International Index	Class L	5
Great-West International Index	Institutional Class	150
Great-West Putnam Equity Income	Initial Class	35
Great-West Putnam Equity Income	Class L	5
Great-West Putnam Equity Income	Institutional Class	150
Great-West Real Estate Index	Initial Class	15
Great-West Real Estate Index	Class L	5
Great-West Real Estate Index	Institutional Class	150
Great-West Multi-Manager Small Cap Growth	Initial Class	30
Great-West Multi-Manager Small Cap Growth	Class L	5
Great-West Multi-Manager Small Cap Growth	Institutional Class	90
Great-West Conservative Profile I	Initial Class	100
Great-West Conservative Profile I	Class L	5
Great-West Conservative Profile I	Institutional Class	5
Great-West Moderately Conservative Profile I	Initial Class	100
Great-West Moderately Conservative Profile I	Class L	5
Great-West Moderately Conservative Profile I	Institutional Class	5
Great-West Moderate Profile I	Initial Class	100
Great-West Moderate Profile I	Class L	5
Great-West Moderate Profile I	Institutional Class	5
Great-West Moderately Aggressive Profile I	Initial Class	100
Great-West Moderately Aggressive Profile I	Class L	5
Great-West Moderately Aggressive Profile I	Institutional Class	5

11

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Aggressive Profile I	Initial Class	100
Great-West Aggressive Profile I	Class L	5
Great-West Aggressive Profile I	Institutional Class	5
Great-West Conservative Profile II	Initial Class	100
Great-West Conservative Profile II	Class L	55
Great-West Conservative Profile II	Institutional Class	6
Great-West Moderately Conservative Profile II	Initial Class	100
Great-West Moderately Conservative Profile II	Class L	35
Great-West Moderately Conservative Profile II	Institutional Class	5
Great-West Moderate Profile II	Initial Class	250
Great-West Moderate Profile II	Class L	45
Great-West Moderate Profile II	Institutional Class	15
Great-West Moderately Aggressive Profile II	Initial Class	100
Great-West Moderately Aggressive Profile II	Class L	35
Great-West Moderately Aggressive Profile II	Institutional Class	10
Great-West Aggressive Profile II	Initial Class	175
Great-West Aggressive Profile II	Class L	35
Great-West Aggressive Profile II	Institutional Class	10
Great-West Lifetime Conservative 2015	Class T	35
Great-West Lifetime Conservative 2015	Class T1	35
Great-West Lifetime Conservative 2015	Class L	5
Great-West Lifetime Conservative 2015	Institutional Class	5
Great-West Lifetime 2015	Class T	70
Great-West Lifetime 2015	Class T1	135
Great-West Lifetime 2015	Class L	32
Great-West Lifetime 2015	Institutional Class	10
Great-West Lifetime Conservative 2020	Class T	35
Great-West Lifetime Conservative 2020	Class T1	35
Great-West Lifetime Conservative 2020	Class L	5
Great-West Lifetime Conservative 2020	Institutional Class	5
Great-West Lifetime 2020	Class T	5
Great-West Lifetime 2020	Class T1	35
Great-West Lifetime 2020	Class L	5
Great-West Lifetime 2020	Institutional Class	5

12

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime Conservative 2025	Class T	35
Great-West Lifetime Conservative 2025	Class T1	35
Great-West Lifetime Conservative 2025	Class L	5
Great-West Lifetime Conservative 2025	Institutional Class	5
Great-West Lifetime 2025	Class T	70
Great-West Lifetime 2025	Class T1	210
Great-West Lifetime 2025	Class L	28
Great-West Lifetime 2025	Institutional Class	10
Great-West Lifetime Conservative 2030	Class T	35
Great-West Lifetime Conservative 2030	Class T1	35
Great-West Lifetime Conservative 2030	Class L	5
Great-West Lifetime Conservative 2030	Institutional Class	5
Great-West Lifetime 2030	Class T	35
Great-West Lifetime 2030	Class T1	35
Great-West Lifetime 2030	Class L	5
Great-West Lifetime 2030	Institutional Class	5
Great-West Lifetime Conservative 2035	Class T	35
Great-West Lifetime Conservative 2035	Class T1	35
Great-West Lifetime Conservative 2035	Class L	5
Great-West Lifetime Conservative 2035	Institutional Class	5
Great-West Lifetime 2035	Class T	70
Great-West Lifetime 2035	Class T1	180
Great-West Lifetime 2035	Class L	28
Great-West Lifetime 2035	Institutional Class	10
Great-West Lifetime Conservative 2040	Class T	35
Great-West Lifetime Conservative 2040	Class T1	35
Great-West Lifetime Conservative 2040	Class L	5
Great-West Lifetime Conservative 2040	Institutional Class	5
Great-West Lifetime 2040	Class T	35
Great-West Lifetime 2040	Class T1	35
Great-West Lifetime 2040	Class L	5
Great-West Lifetime 2040	Institutional Class	5
Great-West Lifetime Conservative 2045	Class T	35
Great-West Lifetime Conservative 2045	Class T1	35
Great-West Lifetime Conservative 2045	Class L	5
Great-West Lifetime Conservative 2045	Institutional Class	5

13

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West Lifetime 2045	Class T	70
Great-West Lifetime 2045	Class T1	110
Great-West Lifetime 2045	Class L	28
Great-West Lifetime 2045	Institutional Class	10
Great-West Lifetime Conservative 2050	Class T	35
Great-West Lifetime Conservative 2050	Class T1	35
Great-West Lifetime Conservative 2050	Class L	5
Great-West Lifetime Conservative 2050	Institutional Class	5
Great-West Lifetime 2050	Class T	5
Great-West Lifetime 2050	Class T1	35
Great-West Lifetime 2050	Class L	5
Great-West Lifetime 2050	Institutional Class	5
Great-West Lifetime Conservative 2055	Class T	35
Great-West Lifetime Conservative 2055	Class T1	35
Great-West Lifetime Conservative 2055	Class L	5
Great-West Lifetime Conservative 2055	Institutional Class	5
Great-West Lifetime 2055	Class T	70
Great-West Lifetime 2055	Class T1	70
Great-West Lifetime 2055	Class L	28
Great-West Lifetime 2055	Institutional Class	10
Great-West SecureFoundation® Balanced	Class G	35
Great-West SecureFoundation® Balanced	Class G1	30
Great-West SecureFoundation® Balanced	Class L	23
Great-West SecureFoundation® Balanced	Institutional Class	6
Great-West SecureFoundation® Balanced ETF	Class A	20
Great-West SecureFoundation® Lifetime 2015	Class G	30
Great-West SecureFoundation® Lifetime 2015	Class G1	30
Great-West SecureFoundation® Lifetime 2015	Class L	5
Great-West SecureFoundation® Lifetime 2015	Institutional Class	5
Great-West SecureFoundation® Lifetime 2020	Class G	11
Great-West SecureFoundation® Lifetime 2020	Class G1	5
Great-West SecureFoundation® Lifetime 2020	Class L	5
Great-West SecureFoundation® Lifetime 2020	Institutional Class	5
Great-West SecureFoundation® Lifetime 2025	Class G	30
Great-West SecureFoundation® Lifetime 2025	Class G1	30

14

Current Classification of Shares
Series/Portfolio	Class	Authorized Shares (expressed in millions)
Great-West SecureFoundation® Lifetime 2025	Class L	5
Great-West SecureFoundation® Lifetime 2025	Institutional Class	5
Great-West SecureFoundation® Lifetime 2030	Class G	14
Great-West SecureFoundation® Lifetime 2030	Class G1	5
Great-West SecureFoundation® Lifetime 2030	Class L	5
Great-West SecureFoundation® Lifetime 2030	Institutional Class	5
Great-West SecureFoundation® Lifetime 2035	Class G	30
Great-West SecureFoundation® Lifetime 2035	Class G1	30
Great-West SecureFoundation® Lifetime 2035	Class L	5
Great-West SecureFoundation® Lifetime 2035	Institutional Class	5
Great-West SecureFoundation® Lifetime 2040	Class G	11
Great-West SecureFoundation® Lifetime 2040	Class G1	5
Great-West SecureFoundation® Lifetime 2040	Class L	5
Great-West SecureFoundation® Lifetime 2040	Institutional Class	5
Great-West SecureFoundation® Lifetime 2045	Class G	30
Great-West SecureFoundation® Lifetime 2045	Class G1	30
Great-West SecureFoundation® Lifetime 2045	Class L	5
Great-West SecureFoundation® Lifetime 2045	Institutional Class	5
Great-West SecureFoundation® Lifetime 2050	Class G	5
Great-West SecureFoundation® Lifetime 2050	Class G1	5
Great-West SecureFoundation® Lifetime 2050	Class L	5
Great-West SecureFoundation® Lifetime 2050	Institutional Class	5
Great-West SecureFoundation® Lifetime 2055	Class G	30
Great-West SecureFoundation® Lifetime 2055	Class G1	30
Great-West SecureFoundation® Lifetime 2055	Class L	5
Great-West SecureFoundation® Lifetime 2055	Institutional Class	5
Unclassified Capital Stock:		2,944
Total:		15,000

FIFTH: The Corporation is registered as an open-end company under the Investment Company Act of 1940.

SIXTH: These Articles Supplementary shall be effective on October 17, 2016.

15

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/ David L. Musto
Name:	David L. Musto
Title:	President and Chief Executive Officer

ATTEST:
By:	/s/ Cara B. Owen
Name:	Cara B. Owen
Title:	Counsel & Assistant Secretary

16

GREAT-WEST FUNDS, INC.

ARTICLES OF AMENDMENT

Great-West Funds, Inc., a Maryland corporation (the “Corporation”), in accordance with Section 2-607 of the Maryland General Corporation Law, hereby certifies as follows:

FIRST: The charter of the Corporation is hereby amended by changing the name of the following series of capital stock of the Corporation as follows:

CURRENT SERIES/PORTFOLIO NAME	NEW SERIES/PORTFOLIO NAME
Great-West Money Market	Great-West Government Money Market

SECOND: The amendment was approved by a majority of the entire Board of Directors and is limited to a change expressly authorized by Section 2-605 of the Maryland General Corporation Law to be made without action by the stockholders.

THIRD: These Articles of Amendment shall become effective on October 14, 2016.

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

GREAT-WEST FUNDS, INC.
/s/ David L. Musto
Name:	David L. Musto
Title:	President and Chief Executive Officer

ATTEST:

/s/ Cara B. Owen
Name:	Cara B. Owen
Title:	Counsel & Assistant Secretary

GREAT-WEST FUNDS, INC.

ARTICLES OF AMENDMENT

Great-West Funds, Inc., a Maryland corporation (the “Corporation”), in accordance with Section 2-607 of the Maryland General Corporation Law, hereby certifies as follows:

FIRST: The charter of the Corporation is hereby amended by changing the name of the following series of capital stock of the Corporation as follows:    

CURRENT SERIES/PORTFOLIO NAME	NEW SERIES/PORTFOLIO NAME
Great-West Federated Bond Fund	Great-West Core Bond Fund

SECOND: The amendment was approved by a majority of the entire Board of Directors and is limited to a change expressly authorized by Section 2-605 of the Maryland General Corporation Law to be made without action by the stockholders.

THIRD: These Articles of Amendment shall become effective at 12:00 A.M. on the 10th day of April 2017.

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

GREAT-WEST FUNDS, INC.
/s/ David L. Musto
Name:	David L. Musto
Title:	President and Chief Executive Officer

ATTEST:

/s/ Ryan L. Logsdon
Name:	Ryan L. Logsdon
Title:	Vice President, Counsel and Secretary

GREAT-WEST FUNDS, INC.

ARTICLES OF AMENDMENT

Great-West Funds, Inc., a Maryland corporation (the “Corporation”), in accordance with Section 2-607 of the Maryland General Corporation Law, hereby certifies as follows:

FIRST: The charter of the Corporation is hereby amended by changing the name of the following classes of capital stock of the Corporation as follows:

CURRENT CLASS NAME	NEW CLASS NAME
Initial Class	Investor Class
Class T	Investor Class
Class G	Investor Class
Class T1	Service Class
Class G1	Service Class

SECOND: The amendment was approved by a majority of the entire Board of Directors and is limited to a change expressly authorized by Section 2-605 of the Maryland General Corporation Law to be made without action by the stockholders.

THIRD: These Articles of Amendment shall become effective at 12:00 A.M. on the 1^st day of May 2017.

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

GREAT-WEST FUNDS, INC.
/s/ David L. Musto
Name:	David L. Musto
Title:	President and Chief Executive Officer

ATTEST:

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