EX-99.A23 2 d162928dex99a23.htm ARTICLES SUPPLEMENTARY 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: On September 23, 2020, the Board of Directors of the Corporation, by way of written consent and 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 decrease in the number of shares of stock of the Great-West Lifetime Conservative 2015, Great-West Lifetime Conservative 2020, Great-West Lifetime Conservative 2025, Great-West Lifetime Conservative 2030, Great-West Lifetime Conservative 2035, Great-West Lifetime Conservative 2040, Great-West Lifetime Conservative 2045, Great-West Lifetime Conservative 2050, Great-West Lifetime Conservative 2055, and Great-West Lifetime Conservative 2060 Funds that the Corporation shall have the authority to issue from six hundred thirty-five million (635,000,000) 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 duly reclassifies six hundred thirty-five million (635,000,000) 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 nineteen billion (19,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of one billion nine hundred million dollars ($1,900,000,000), of which the Board of Directors had designated fifteen billion six hundred and twenty-five million (15,625,000,000) 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    Investor Class    3200
Great-West Government Money Market    Institutional Class    600
Great-West Bond Index    Investor Class    120
Great-West Bond Index    Class L    60
Great-West Bond Index    Institutional Class    230
Great-West U.S. Government Securities    Investor Class    50
Great-West U.S. Government Securities    Class L    5

 

   1 of 15

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)            

Great-West U.S. Government Securities    Institutional Class    65
Great-West S&P Small Cap 600® Index    Investor Class    140
Great-West S&P Small Cap 600® Index    Class L    15
Great-West S&P Small Cap 600® Index    Institutional Class    150
Great-West Putnam High Yield Bond    Investor Class    10
Great-West Putnam High Yield Bond    Class L    5
Great-West Putnam High Yield Bond    Institutional Class    70
Great-West Large Cap Growth    Investor Class    50
Great-West Large Cap Growth    Class L    5
Great-West Large Cap Growth    Institutional Class    150
Great-West International Growth    Investor Class    20
Great-West International Growth    Class L    5
Great-West International Growth    Institutional Class    150
Great-West Core Bond    Investor Class    20
Great-West Core Bond    Class L    5
Great-West Core Bond    Institutional Class    100
Great-West International Value    Investor Class    65
Great-West International Value    Class L    15
Great-West International Value    Institutional Class    360
Great-West S&P 500® Index    Investor Class    200
Great-West S&P 500® Index    Class L    50
Great-West S&P 500® Index    Institutional Class    300
Great-West Mid Cap Value    Investor Class    20
Great-West Mid Cap Value    Class L    24
Great-West Mid Cap Value    Institutional Class    200
Great-West Invesco Small Cap Value    Investor Class    10
Great-West Invesco Small Cap Value    Class L    5
Great-West Invesco Small Cap Value    Institutional Class    50
Great-West Ariel Mid Cap Value    Investor Class    400
Great-West Ariel Mid Cap Value    Class L    35
Great-West Ariel Mid Cap Value    Institutional Class    30
Great-West Loomis Sayles Small Cap Value    Investor Class    15

Great-West Loomis Sayles Small Cap Value

   

Class L

   

5

 

   2 of 15

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)            

Great-West Loomis Sayles Small Cap Value

   

Institutional Class

   

100

Great-West Multi-Sector Bond

   

Investor Class

   

50

Great-West Multi-Sector Bond

   

Class L

   

15

Great-West Multi-Sector Bond

   

Institutional Class

   

120

Great-West Short Duration Bond

   

Investor Class

   

40

Great-West Short Duration Bond

   

Class L

   

5

Great-West Short Duration Bond

   

Institutional Class

   

75

Great-West T. Rowe Price Mid Cap Growth

   

Investor Class

   

75

Great-West T. Rowe Price Mid Cap Growth

   

Class L

   

25

Great-West T. Rowe Price Mid Cap Growth

   

Institutional Class

   

440

Great-West Global Bond

   

Investor Class

   

35

Great-West Global Bond

   

Class L

   

5

Great-West Global Bond

   

Institutional Class

   

130

Great-West S&P Mid Cap 400® Index

   

Investor Class

   

50

Great-West S&P Mid Cap 400® Index

   

Class L

   

25

Great-West S&P Mid Cap 400® Index

   

Institutional Class

   

200

Great-West International Index

   

Investor Class

   

85

Great-West International Index

   

Class L

   

22

Great-West International Index

   

Institutional Class

   

250

Great-West Large Cap Value Fund

   

Investor Class

   

30

Great-West Large Cap Value Fund

   

Investor II Class

   

55

Great-West Large Cap Value Fund

   

Class L

   

5

Great-West Large Cap Value Fund

   

Institutional Class

   

500

Great-West Real Estate Index

   

Investor Class

   

35

Great-West Real Estate Index

   

Class L

   

22

Great-West Real Estate Index

   

Institutional Class

   

100

Great-West Small Cap Growth

   

Investor Class

   

15

Great-West Small Cap Growth

   

Class L

   

5

Great-West Small Cap Growth

   

Institutional Class

   

40

Great-West Emerging Markets Equity

   

Investor Class

   

35

Great-West Emerging Markets Equity

   

Class L

   

30

Great-West Emerging Markets Equity

   

Institutional Class

   

130

Great-West Inflation-Protected Securities

   

Investor Class

   

30

 

   3 of 15

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)            

Great-West Inflation-Protected Securities    Class L    15
Great-West Inflation-Protected Securities    Institutional Class    100
Great-West Conservative Profile    Investor Class    300
Great-West Conservative Profile    Class L    120
Great-West Conservative Profile    Institutional Class    10
Great-West Moderately Conservative Profile    Investor Class    180
Great-West Moderately Conservative Profile    Class L    70
Great-West Moderately Conservative Profile    Institutional Class    10
Great-West Moderate Profile    Investor Class    600
Great-West Moderate Profile    Class L    130
Great-West Moderate Profile    Institutional Class    35
Great-West Moderately Aggressive Profile    Investor Class    270
Great-West Moderately Aggressive Profile    Class L    65
Great-West Moderately Aggressive Profile    Institutional Class    25
Great-West Aggressive Profile    Investor Class    280
Great-West Aggressive Profile    Class L    30
Great-West Aggressive Profile    Institutional Class    35
Great-West Core Strategies: U.S. Equity    Investor Class    5
Great-West Core Strategies: U.S. Equity    Class L    20
Great-West Core Strategies: U.S. Equity    Institutional Class    25
Great-West Core Strategies: International Equity    Investor Class    5
Great-West Core Strategies: International Equity    Class L    44
Great-West Core Strategies: International Equity    Institutional Class    25
Great-West Core Strategies: Flexible Bond    Investor Class    5
Great-West Core Strategies: Flexible Bond    Class L    25
Great-West Core Strategies: Flexible Bond    Institutional Class    15
Great-West Core Strategies: Inflation-Protected Securities    Investor Class    5
Great-West Core Strategies: Inflation-Protected Securities    Class L    50
Great-West Core Strategies: Inflation-Protected Securities   

Institutional

Class

    20
Great-West Core Strategies: Short Duration Bond    Investor Class    5
Great-West Core Strategies: Short Duration Bond    Class L    50

 

   4 of 15

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)            

Great-West Core Strategies: Short Duration Bond    Institutional Class    15
Great-West Lifetime Conservative 2015    Investor Class    20
Great-West Lifetime Conservative 2015    Service Class    25
Great-West Lifetime Conservative 2015    Class L    5
Great-West Lifetime Conservative 2015    Institutional Class    5
Great-West Lifetime 2015    Investor Class    80
Great-West Lifetime 2015    Service Class    70
Great-West Lifetime 2015    Class L    50
Great-West Lifetime 2015    Institutional Class    30
Great-West Lifetime Conservative 2020    Investor Class    20
Great-West Lifetime Conservative 2020    Service Class    20
Great-West Lifetime Conservative 2020    Class L    5
Great-West Lifetime Conservative 2020    Institutional Class    5
Great-West Lifetime 2020    Investor Class    60
Great-West Lifetime 2020    Service Class    25
Great-West Lifetime 2020    Class L    35
Great-West Lifetime 2020    Institutional Class    12
Great-West Lifetime Conservative 2025    Investor Class    35
Great-West Lifetime Conservative 2025    Service Class    25
Great-West Lifetime Conservative 2025    Class L    5
Great-West Lifetime Conservative 2025    Institutional Class    5
Great-West Lifetime 2025    Investor Class    100
Great-West Lifetime 2025    Service Class    185
Great-West Lifetime 2025    Class L    60
Great-West Lifetime 2025    Institutional Class    80
Great-West Lifetime Conservative 2030    Investor Class    20
Great-West Lifetime Conservative 2030    Service Class    20
Great-West Lifetime Conservative 2030    Class L    5
Great-West Lifetime Conservative 2030    Institutional Class    5
Great-West Lifetime 2030    Investor Class    55
Great-West Lifetime 2030    Service Class    20
Great-West Lifetime 2030    Class L    30
Great-West Lifetime 2030    Institutional Class    25
Great-West Lifetime Conservative 2035    Investor Class    20
Great-West Lifetime Conservative 2035    Service Class    30

 

   5 of 15

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)            

Great-West Lifetime Conservative 2035    Class L    5
Great-West Lifetime Conservative 2035    Institutional Class    10
Great-West Lifetime 2035    Investor Class    70
Great-West Lifetime 2035    Service Class    180
Great-West Lifetime 2035    Class L    60
Great-West Lifetime 2035    Institutional Class    90
Great-West Lifetime Conservative 2040    Investor Class    35
Great-West Lifetime Conservative 2040    Service Class    20
Great-West Lifetime Conservative 2040    Class L    5
Great-West Lifetime Conservative 2040    Institutional Class    5
Great-West Lifetime 2040    Investor Class    40
Great-West Lifetime 2040    Service Class    35
Great-West Lifetime 2040    Class L    25
Great-West Lifetime 2040    Institutional Class    20
Great-West Lifetime Conservative 2045    Investor Class    20
Great-West Lifetime Conservative 2045    Service Class    35
Great-West Lifetime Conservative 2045    Class L    5
Great-West Lifetime Conservative 2045    Institutional Class    5
Great-West Lifetime 2045    Investor Class    35
Great-West Lifetime 2045    Service Class    120
Great-West Lifetime 2045    Class L    35
Great-West Lifetime 2045    Institutional Class    60
Great-West Lifetime Conservative 2050    Investor Class    35
Great-West Lifetime Conservative 2050    Service Class    20
Great-West Lifetime Conservative 2050    Class L    5
Great-West Lifetime Conservative 2050    Institutional Class    5
Great-West Lifetime 2050    Investor Class    15
Great-West Lifetime 2050    Service Class    35
Great-West Lifetime 2050    Class L    15
Great-West Lifetime 2050    Institutional Class    15
Great-West Lifetime Conservative 2055    Investor Class    35
Great-West Lifetime Conservative 2055    Service Class    35
Great-West Lifetime Conservative 2055    Class L    5
Great-West Lifetime Conservative 2055    Institutional Class    5
Great-West Lifetime 2055    Investor Class    35

 

   6 of 15

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)            

Great-West Lifetime 2055    Service Class    55
Great-West Lifetime 2055    Class L    28
Great-West Lifetime 2055    Institutional Class    35
Great-West Lifetime Conservative 2060    Investor Class    30
Great-West Lifetime Conservative 2060    Service Class    30
Great-West Lifetime Conservative 2060    Class L    5
Great-West Lifetime Conservative 2060    Institutional Class    5
Great-West Lifetime 2060    Investor Class    35
Great-West Lifetime 2060    Service Class    35
Great-West Lifetime 2060    Class L    28
Great-West Lifetime 2060    Institutional Class    10
Great-West SecureFoundation® Balanced    Investor Class    90
Great-West SecureFoundation® Balanced    Service Class    30
Great-West SecureFoundation® Balanced    Class L    70
Great-West SecureFoundation® Balanced    Institutional Class    50
Great-West SecureFoundation® Balanced ETF    Class A    20
Great-West SecureFoundation® Lifetime 2020    Investor Class    15
Great-West SecureFoundation® Lifetime 2020    Service Class    5
Great-West SecureFoundation® Lifetime 2020    Class L    5
Great-West SecureFoundation® Lifetime 2020    Institutional Class    5
Great-West SecureFoundation® Lifetime 2025    Investor Class    30
Great-West SecureFoundation® Lifetime 2025    Service Class    30
Great-West SecureFoundation® Lifetime 2025    Class L    5
Great-West SecureFoundation® Lifetime 2025    Institutional Class    5
Great-West SecureFoundation® Lifetime 2030    Investor Class    20
Great-West SecureFoundation® Lifetime 2030    Service Class    5
Great-West SecureFoundation® Lifetime 2030    Class L    5
Great-West SecureFoundation® Lifetime 2030    Institutional Class    5
Great-West SecureFoundation® Lifetime 2035    Investor Class    30
Great-West SecureFoundation® Lifetime 2035    Service Class    10
Great-West SecureFoundation® Lifetime 2035    Class L    5
Great-West SecureFoundation® Lifetime 2035    Institutional Class    5
Great-West SecureFoundation® Lifetime 2040    Investor Class    15
Great-West SecureFoundation® Lifetime 2040    Service Class    5
Great-West SecureFoundation® Lifetime 2040    Class L    5

 

   7 of 15

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)            

Great-West SecureFoundation® Lifetime 2040    Institutional Class    5
Great-West SecureFoundation® Lifetime 2045    Investor Class    10
Great-West SecureFoundation® Lifetime 2045    Service Class    10
Great-West SecureFoundation® Lifetime 2045    Class L    5
Great-West SecureFoundation® Lifetime 2045    Institutional Class    5
Great-West SecureFoundation® Lifetime 2050    Investor Class    5
Great-West SecureFoundation® Lifetime 2050    Service Class    5
Great-West SecureFoundation® Lifetime 2050    Class L    5
Great-West SecureFoundation® Lifetime 2050    Institutional Class    5
Great-West SecureFoundation® Lifetime 2055    Investor Class    10
Great-West SecureFoundation® Lifetime 2055    Service Class    10
Great-West SecureFoundation® Lifetime 2055    Class L    5
Great-West SecureFoundation® Lifetime 2055    Institutional Class    5
Great-West SecureFoundation® Lifetime 2060    Investor Class    10
Great-West SecureFoundation® Lifetime 2060    Service Class    10
Great-West SecureFoundation® Lifetime 2060    Class L    5
Great-West SecureFoundation® Lifetime 2060    Institutional Class    5
           
Unclassified Capital Stock:         3,375
           
Total:         19,000

As supplemented hereby, the Corporation’s Articles of Amendment and Restatement authorize the issuance of nineteen billion (19,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of one billion nine hundred million dollars ($1,900,000,000), classified as follows:

 

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             
(expressed in            

millions)            

Great-West Government Money Market    Investor Class    4500
Great-West Government Money Market    Institutional Class    470
Great-West Bond Index    Investor Class    75
Great-West Bond Index    Class L    75
Great-West Bond Index    Institutional Class    230
Great-West U.S. Government Securities    Investor Class    75

 

   8 of 15

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             
(expressed in            

millions)            

Great-West U.S. Government Securities    Class L    5
Great-West U.S. Government Securities    Institutional Class    75
Great-West S&P Small Cap 600® Index    Investor Class    100
Great-West S&P Small Cap 600® Index    Class L    15
Great-West S&P Small Cap 600® Index    Institutional Class    150
Great-West Putnam High Yield Bond    Investor Class    10
Great-West Putnam High Yield Bond    Class L    5
Great-West Putnam High Yield Bond    Institutional Class    100
Great-West Large Cap Growth    Investor Class    50
Great-West Large Cap Growth    Class L    5
Great-West Large Cap Growth    Institutional Class    200
Great-West International Growth    Investor Class    20
Great-West International Growth    Class L    5
Great-West International Growth    Institutional Class    150
Great-West Core Bond    Investor Class    20
Great-West Core Bond    Class L    5
Great-West Core Bond    Institutional Class    150
Great-West International Value    Investor Class    65
Great-West International Value    Class L    15
Great-West International Value    Institutional Class    225
Great-West S&P 500® Index    Investor Class    200
Great-West S&P 500® Index    Class L    70
Great-West S&P 500® Index    Institutional Class    300
Great-West Mid Cap Value    Investor Class    20
Great-West Mid Cap Value    Class L    34
Great-West Mid Cap Value    Institutional Class    200
Great-West Invesco Small Cap Value    Investor Class    10
Great-West Invesco Small Cap Value    Class L    5
Great-West Invesco Small Cap Value    Institutional Class    50
Great-West Ariel Mid Cap Value    Investor Class    200
Great-West Ariel Mid Cap Value    Class L    50
Great-West Ariel Mid Cap Value    Institutional Class    50
Great-West Loomis Sayles Small Cap Value    Investor Class    15

 

   9 of 15

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             
(expressed in            

millions)            

Great-West Loomis Sayles Small Cap Value    Class L    5
Great-West Loomis Sayles Small Cap Value    Institutional Class    100
Great-West Multi-Sector Bond    Investor Class    70
Great-West Multi-Sector Bond    Class L    15
Great-West Multi-Sector Bond    Institutional Class    120
Great-West Short Duration Bond    Investor Class    40
Great-West Short Duration Bond    Class L    5
Great-West Short Duration Bond    Institutional Class    100
Great-West T. Rowe Price Mid Cap Growth    Investor Class    100
Great-West T. Rowe Price Mid Cap Growth    Class L    30
Great-West T. Rowe Price Mid Cap Growth    Institutional Class    320
Great-West Global Bond    Investor Class    35
Great-West Global Bond    Class L    5
Great-West Global Bond    Institutional Class    150
Great-West S&P Mid Cap 400® Index    Investor Class    50
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    Investor Class    40
Great-West International Index    Class L    22
Great-West International Index    Institutional Class    180
Great-West Large Cap Value Fund    Investor Class    15
Great-West Large Cap Value Fund    Investor II Class    85
Great-West Large Cap Value Fund    Class L    5
Great-West Large Cap Value Fund    Institutional Class    350
Great-West Real Estate Index    Investor Class    17
Great-West Real Estate Index    Class L    22
Great-West Real Estate Index    Institutional Class    100
Great-West Small Cap Growth    Investor Class    15
Great-West Small Cap Growth    Class L    5
Great-West Small Cap Growth    Institutional Class    50
Great-West Emerging Markets Equity    Investor Class    25
Great-West Emerging Markets Equity    Class L    30
Great-West Emerging Markets Equity    Institutional Class    130

 

   10 of 15

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             
(expressed in            

millions)            

Great-West Inflation-Protected Securities    Investor Class    50
Great-West Inflation-Protected Securities    Class L    15
Great-West Inflation-Protected Securities    Institutional Class    100
Great-West Conservative Profile    Investor Class    100
Great-West Conservative Profile    Class L    140
Great-West Conservative Profile    Institutional Class    10
Great-West Moderately Conservative Profile    Investor Class    100
Great-West Moderately Conservative Profile    Class L    80
Great-West Moderately Conservative Profile    Institutional Class    10
Great-West Moderate Profile    Investor Class    350
Great-West Moderate Profile    Class L    180
Great-West Moderate Profile    Institutional Class    35
Great-West Moderately Aggressive Profile    Investor Class    120
Great-West Moderately Aggressive Profile    Class L    75
Great-West Moderately Aggressive Profile    Institutional Class    15
Great-West Aggressive Profile    Investor Class    225
Great-West Aggressive Profile    Class L    40
Great-West Aggressive Profile    Institutional Class    50
Great-West Core Strategies: U.S. Equity    Investor Class    5
Great-West Core Strategies: U.S. Equity    Class L    20
Great-West Core Strategies: U.S. Equity    Institutional Class    25
Great-West Core Strategies: International Equity    Investor Class    5
Great-West Core Strategies: International Equity    Class L    86
Great-West Core Strategies: International Equity    Institutional Class    25
Great-West Core Strategies: Flexible Bond    Investor Class    5
Great-West Core Strategies: Flexible Bond    Class L    25
Great-West Core Strategies: Flexible Bond    Institutional Class    15
Great-West Core Strategies: Inflation-Protected Securities    Investor Class    5
Great-West Core Strategies: Inflation-Protected Securities    Class L    68
Great-West Core Strategies: Inflation-Protected Securities    Institutional Class    20
Great-West Core Strategies: Short Duration Bond    Investor Class    5
Great-West Core Strategies: Short Duration Bond    Class L    62

 

   11 of 15

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             
(expressed in            

millions)            

Great-West Core Strategies: Short Duration Bond    Institutional Class    15
Great-West Lifetime 2015    Investor Class    46
Great-West Lifetime 2015    Service Class    100
Great-West Lifetime 2015    Class L    70
Great-West Lifetime 2015    Institutional Class    20
Great-West Lifetime 2020    Investor Class    5
Great-West Lifetime 2020    Service Class    35
Great-West Lifetime 2020    Class L    35
Great-West Lifetime 2020    Institutional Class    12
Great-West Lifetime 2025    Investor Class    70
Great-West Lifetime 2025    Service Class    200
Great-West Lifetime 2025    Class L    70
Great-West Lifetime 2025    Institutional Class    60
Great-West Lifetime 2030    Investor Class    35
Great-West Lifetime 2030    Service Class    20
Great-West Lifetime 2030    Class L    30
Great-West Lifetime 2030    Institutional Class    15
Great-West Lifetime 2035    Investor Class    70
Great-West Lifetime 2035    Service Class    215
Great-West Lifetime 2035    Class L    60
Great-West Lifetime 2035    Institutional Class    60
Great-West Lifetime 2040    Investor Class    20
Great-West Lifetime 2040    Service Class    35
Great-West Lifetime 2040    Class L    25
Great-West Lifetime 2040    Institutional Class    10
Great-West Lifetime 2045    Investor Class    35
Great-West Lifetime 2045    Service Class    120
Great-West Lifetime 2045    Class L    35
Great-West Lifetime 2045    Institutional Class    35
Great-West Lifetime 2050    Investor Class    5
Great-West Lifetime 2050    Service Class    35
Great-West Lifetime 2050    Class L    15
Great-West Lifetime 2050    Institutional Class    15
Great-West Lifetime 2055    Investor Class    35

Great-West Lifetime 2055

   

Service Class

   

70

 

   12 of 15

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             
(expressed in            

millions)            

Great-West Lifetime 2055    Class L    28
Great-West Lifetime 2055    Institutional Class    35
Great-West Lifetime 2060    Investor Class    50
Great-West Lifetime 2060    Service Class    70
Great-West Lifetime 2060    Class L    28
Great-West Lifetime 2060    Institutional Class    10
Great-West SecureFoundation® Balanced    Investor Class    50
Great-West SecureFoundation® Balanced    Service Class    30
Great-West SecureFoundation® Balanced    Class L    70
Great-West SecureFoundation® Balanced    Institutional Class    50
Great-West SecureFoundation® Balanced ETF    Class A    20
Great-West SecureFoundation® Lifetime 2020    Investor Class    15
Great-West SecureFoundation® Lifetime 2020    Service Class    5
Great-West SecureFoundation® Lifetime 2020    Class L    5
Great-West SecureFoundation® Lifetime 2020    Institutional Class    5
Great-West SecureFoundation® Lifetime 2025    Investor Class    30
Great-West SecureFoundation® Lifetime 2025    Service Class    30
Great-West SecureFoundation® Lifetime 2025    Class L    5
Great-West SecureFoundation® Lifetime 2025    Institutional Class    5
Great-West SecureFoundation® Lifetime 2030    Investor Class    20
Great-West SecureFoundation® Lifetime 2030    Service Class    5
Great-West SecureFoundation® Lifetime 2030    Class L    5
Great-West SecureFoundation® Lifetime 2030    Institutional Class    5
Great-West SecureFoundation® Lifetime 2035    Investor Class    30
Great-West SecureFoundation® Lifetime 2035    Service Class    10
Great-West SecureFoundation® Lifetime 2035    Class L    5
Great-West SecureFoundation® Lifetime 2035    Institutional Class    5
Great-West SecureFoundation® Lifetime 2040    Investor Class    15
Great-West SecureFoundation® Lifetime 2040    Service Class    5

Great-West SecureFoundation® Lifetime 2040

   

Class L

   

5

Great-West SecureFoundation® Lifetime 2040    Institutional Class    5
Great-West SecureFoundation® Lifetime 2045    Investor Class    10
Great-West SecureFoundation® Lifetime 2045    Service Class    10
Great-West SecureFoundation® Lifetime 2045    Class L    5
Great-West SecureFoundation® Lifetime 2045    Institutional Class    5

 

   13 of 15

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             
(expressed in            

millions)            

Great-West SecureFoundation® Lifetime 2050    Investor Class    5
Great-West SecureFoundation® Lifetime 2050    Service Class    5
Great-West SecureFoundation® Lifetime 2050    Class L    5
Great-West SecureFoundation® Lifetime 2050    Institutional Class    5
Great-West SecureFoundation® Lifetime 2055    Investor Class    10
Great-West SecureFoundation® Lifetime 2055    Service Class    10
Great-West SecureFoundation® Lifetime 2055    Class L    5
Great-West SecureFoundation® Lifetime 2055    Institutional Class    5
Great-West SecureFoundation® Lifetime 2060    Investor Class    10
Great-West SecureFoundation® Lifetime 2060    Service Class    10
Great-West SecureFoundation® Lifetime 2060    Class L    5
Great-West SecureFoundation® Lifetime 2060    Institutional Class    5
           
Unclassified Capital Stock:         4,010
           
Total:         19,000

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     September 30        , 2020.

[remainder of page intentionally left blank]

 

   14 of 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/ Jonathan Kreider
Name:   Jonathan Kreider
Title:   President & Chief Executive Officer

ATTEST:

 

By:   /s/ Adam Kavan
Name:   Adam Kavan
Title:   Senior Counsel & Assistant Secretary

 

   15 of 15

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 October 14, 2020, the Board of Directors of the Corporation, by way of written consent and 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 decrease in the number of Class L shares of stock of the Great-West Core Strategies: U.S. Equity, Great-West Core Strategies: International Equity, Great-West Core Strategies: Flexible Bond, Great-West Core Strategies: Inflation-Protected Securities that the Corporation shall have the authority to issue from one hundred thirty-nine million (139,000,000) shares to zero (0) shares.

 

2.

The re-classification of the following shares of Common Stock of the Corporation as follows:

 

Previously Classified Shares (expressed in millions)

   

Re-Classified Shares (expressed in millions)

Great-West Core Strategies: Short Duration Bond Class L - 50

   

Great-West Core Strategies: Short Duration Bond Class L – 30

Great-West Core Strategies: U.S. Equity Investor Class - 5

   

Great-West Core Strategies: U.S. Equity Investor Class – 25

Great-West Core Strategies: International Equity Investor

Class - 5

   

Great-West Core Strategies: International Equity Investor

Class – 49

Great-West Core Strategies: Flexible Bond Investor Class - 5

   

Great-West Core Strategies: Flexible Bond Investor Class – 30

Great-West Core Strategies: Inflation- Protected Securities Investor Class - 5

   

Great-West Core Strategies: Inflation- Protected Securities Investor Class – 55

Great-West Core Strategies: Short Duration Bond Investor

Class - 5

   

Great-West Core Strategies: Short Duration Bond Investor Class - 25

SECOND: The shares of the Corporation reclassified pursuant to Articles One 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 nineteen billion (19,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of one billion nine hundred million dollars ($1,900,000,000), of which the Board of Directors had designated fifteen billion six hundred and twenty- five million (14,990,000,000) 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

    Investor Class    3200

 

   1 of 14

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West Government Money Market

    Institutional Class    600

Great-West Bond Index

    Investor Class    120

Great-West Bond Index

    Class L    60

Great-West Bond Index

    Institutional Class    230

Great-West U.S. Government Securities

    Investor Class    50

Great-West U.S. Government Securities

    Class L    5

Great-West U.S. Government Securities

    Institutional Class    65

Great-West S&P Small Cap 600® Index

    Investor Class    140

Great-West S&P Small Cap 600® Index

    Class L    15

Great-West S&P Small Cap 600® Index

    Institutional Class    150

Great-West Putnam High Yield Bond

    Investor Class    10

Great-West Putnam High Yield Bond

    Class L    5

Great-West Putnam High Yield Bond

    Institutional Class    70

Great-West Large Cap Growth

    Investor Class    50

Great-West Large Cap Growth

    Class L    5

Great-West Large Cap Growth

    Institutional Class    150

Great-West International Growth

    Investor Class    20

Great-West International Growth

    Class L    5

Great-West International Growth

    Institutional Class    150

Great-West Core Bond

    Investor Class    20

Great-West Core Bond

    Class L    5

Great-West Core Bond

    Institutional Class    100

Great-West International Value

    Investor Class    65

Great-West International Value

    Class L    15

Great-West International Value

    Institutional Class    360

Great-West S&P 500® Index

    Investor Class    200

Great-West S&P 500® Index

    Class L    50

Great-West S&P 500® Index

    Institutional Class    300

Great-West Mid Cap Value

    Investor Class    20

Great-West Mid Cap Value

    Class L    24

Great-West Mid Cap Value

    Institutional Class    200

Great-West Invesco Small Cap Value

    Investor Class    10

Great-West Invesco Small Cap Value

    Class L    5

 

   2 of 14

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West Invesco Small Cap Value

    Institutional Class    50

Great-West Ariel Mid Cap Value

    Investor Class    400

Great-West Ariel Mid Cap Value

    Class L    35

Great-West Ariel Mid Cap Value

    Institutional Class    30

Great-West Loomis Sayles Small Cap Value

    Investor Class    15

Great-West Loomis Sayles Small Cap Value

    Class L    5

Great-West Loomis Sayles Small Cap Value

    Institutional Class    100

Great-West Multi-Sector Bond

    Investor Class    50

Great-West Multi-Sector Bond

    Class L    15

Great-West Multi-Sector Bond

    Institutional Class    120

Great-West Short Duration Bond

    Investor Class    40

Great-West Short Duration Bond

    Class L    5

Great-West Short Duration Bond

    Institutional Class    75

Great-West T. Rowe Price Mid Cap Growth

    Investor Class    75

Great-West T. Rowe Price Mid Cap Growth

    Class L    25

Great-West T. Rowe Price Mid Cap Growth

    Institutional Class    440

Great-West Global Bond

    Investor Class    35

Great-West Global Bond

    Class L    5

Great-West Global Bond

    Institutional Class    130

Great-West S&P Mid Cap 400® Index

    Investor Class    50

Great-West S&P Mid Cap 400® Index

    Class L    25

Great-West S&P Mid Cap 400® Index

    Institutional Class    200

Great-West International Index

    Investor Class    85

Great-West International Index

    Class L    22

Great-West International Index

    Institutional Class    250

Great-West Large Cap Value Fund

    Investor Class    30

Great-West Large Cap Value Fund

    Investor II Class    55

Great-West Large Cap Value Fund

    Class L    5

Great-West Large Cap Value Fund

    Institutional Class    500

Great-West Real Estate Index

    Investor Class    35

Great-West Real Estate Index

    Class L    22

Great-West Real Estate Index

    Institutional Class    100

Great-West Small Cap Growth

    Investor Class    15

 

   3 of 14

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West Small Cap Growth

    Class L    5

Great-West Small Cap Growth

    Institutional Class    40

Great-West Emerging Markets Equity

    Investor Class    35

Great-West Emerging Markets Equity

    Class L    30

Great-West Emerging Markets Equity

    Institutional Class    130

Great-West Inflation-Protected Securities

    Investor Class    30

Great-West Inflation-Protected Securities

    Class L    15

Great-West Inflation-Protected Securities

    Institutional Class    100

Great-West Conservative Profile

    Investor Class    300

Great-West Conservative Profile

    Class L    120

Great-West Conservative Profile

    Institutional Class    10

Great-West Moderately Conservative Profile

    Investor Class    180

Great-West Moderately Conservative Profile

    Class L    70

Great-West Moderately Conservative Profile

    Institutional Class    10

Great-West Moderate Profile

    Investor Class    600

Great-West Moderate Profile

    Class L    130

Great-West Moderate Profile

    Institutional Class    35

Great-West Moderately Aggressive Profile

    Investor Class    270

Great-West Moderately Aggressive Profile

    Class L    65

Great-West Moderately Aggressive Profile

    Institutional Class    25

Great-West Aggressive Profile

    Investor Class    280

Great-West Aggressive Profile

    Class L    30

Great-West Aggressive Profile

    Institutional Class    35

Great-West Core Strategies: U.S. Equity

    Investor Class    5

Great-West Core Strategies: U.S. Equity

    Class L    20

Great-West Core Strategies: U.S. Equity

    Institutional Class    25

Great-West Core Strategies: International Equity

    Investor Class    5

Great-West Core Strategies: International Equity

    Class L    44

Great-West Core Strategies: International Equity

    Institutional Class    25

Great-West Core Strategies: Flexible Bond

    Investor Class    5

Great-West Core Strategies: Flexible Bond

    Class L    25

Great-West Core Strategies: Flexible Bond

    Institutional Class    15

 

   4 of 14

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West Core Strategies: Inflation-Protected Securities

    Investor Class    5

Great-West Core Strategies: Inflation-Protected Securities

    Class L    50

Great-West Core Strategies: Inflation-Protected Securities

    Institutional Class    20

Great-West Core Strategies: Short Duration Bond

    Investor Class    5

Great-West Core Strategies: Short Duration Bond

    Class L    50

Great-West Core Strategies: Short Duration Bond

    Institutional Class    15

Great-West Lifetime 2015

    Investor Class    80

Great-West Lifetime 2015

    Service Class    70

Great-West Lifetime 2015

    Class L    50

Great-West Lifetime 2015

    Institutional Class    30

Great-West Lifetime 2020

    Investor Class    60

Great-West Lifetime 2020

    Service Class    25

Great-West Lifetime 2020

    Class L    35

Great-West Lifetime 2020

    Institutional Class    12

Great-West Lifetime 2025

    Investor Class    100

Great-West Lifetime 2025

    Service Class    185

Great-West Lifetime 2025

    Class L    60

Great-West Lifetime 2025

    Institutional Class    80

Great-West Lifetime 2030

    Investor Class    55

Great-West Lifetime 2030

    Service Class    20

Great-West Lifetime 2030

    Class L    30

Great-West Lifetime 2030

    Institutional Class    25

Great-West Lifetime 2035

    Investor Class    70

Great-West Lifetime 2035

    Service Class    180

Great-West Lifetime 2035

    Class L    60

Great-West Lifetime 2035

    Institutional Class    90

Great-West Lifetime 2040

    Investor Class    40

Great-West Lifetime 2040

    Service Class    35

Great-West Lifetime 2040

    Class L    25

Great-West Lifetime 2040

    Institutional Class    20

Great-West Lifetime 2045

    Investor Class    35

Great-West Lifetime 2045

    Service Class    120

Great-West Lifetime 2045

    Class L    35

 

   5 of 14

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West Lifetime 2045

    Institutional Class    60

Great-West Lifetime 2050

    Investor Class    15

Great-West Lifetime 2050

    Service Class    35

Great-West Lifetime 2050

    Class L    15

Great-West Lifetime 2050

    Institutional Class    15

Great-West Lifetime 2055

    Investor Class    35

Great-West Lifetime 2055

    Service Class    55

Great-West Lifetime 2055

    Class L    28

Great-West Lifetime 2055

    Institutional Class    35

Great-West Lifetime 2060

    Investor Class    35

Great-West Lifetime 2060

    Service Class    35

Great-West Lifetime 2060

    Class L    28

Great-West Lifetime 2060

    Institutional Class    10

Great-West SecureFoundation® Balanced

    Investor Class    90

Great-West SecureFoundation® Balanced

    Service Class    30

Great-West SecureFoundation® Balanced

    Class L    70

Great-West SecureFoundation® Balanced

    Institutional Class    50

Great-West SecureFoundation® Balanced ETF

    Class A    20

Great-West SecureFoundation® Lifetime 2020

    Investor Class    15

Great-West SecureFoundation® Lifetime 2020

    Service Class    5

Great-West SecureFoundation® Lifetime 2020

    Class L    5

Great-West SecureFoundation® Lifetime 2020

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2025

    Investor Class    30

Great-West SecureFoundation® Lifetime 2025

    Service Class    30

Great-West SecureFoundation® Lifetime 2025

    Class L    5

Great-West SecureFoundation® Lifetime 2025

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2030

    Investor Class    20

Great-West SecureFoundation® Lifetime 2030

    Service Class    5

Great-West SecureFoundation® Lifetime 2030

    Class L    5

Great-West SecureFoundation® Lifetime 2030

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2035

    Investor Class    30

Great-West SecureFoundation® Lifetime 2035

    Service Class    10

Great-West SecureFoundation® Lifetime 2035

    Class L    5

Great-West SecureFoundation® Lifetime 2035

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2040

    Investor Class    15

 

   6 of 14

Previous Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West SecureFoundation® Lifetime 2040

    Service Class    5

Great-West SecureFoundation® Lifetime 2040

    Class L    5

Great-West SecureFoundation® Lifetime 2040

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2045

    Investor Class    10

Great-West SecureFoundation® Lifetime 2045

    Service Class    10

Great-West SecureFoundation® Lifetime 2045

    Class L    5

Great-West SecureFoundation® Lifetime 2045

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2050

    Investor Class    5

Great-West SecureFoundation® Lifetime 2050

    Service Class    5

Great-West SecureFoundation® Lifetime 2050

    Class L    5

Great-West SecureFoundation® Lifetime 2050

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2055

    Investor Class    10

Great-West SecureFoundation® Lifetime 2055

    Service Class    10

Great-West SecureFoundation® Lifetime 2055

    Class L    5

Great-West SecureFoundation® Lifetime 2055

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2060

    Investor Class    10

Great-West SecureFoundation® Lifetime 2060

    Service Class    10

Great-West SecureFoundation® Lifetime 2060

    Class L    5

Great-West SecureFoundation® Lifetime 2060

    Institutional Class    5
           

Unclassified Capital Stock:

         4,010
           

Total:

         19,000

As supplemented hereby, the Corporation’s Articles of Amendment and Restatement authorize the issuance of nineteen billion (19,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of one billion nine hundred million dollars ($1,900,000,000), classified as follows:

 

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West Government Money Market

    Investor Class    3200

Great-West Government Money Market

    Institutional Class    600

Great-West Bond Index

    Investor Class    120

Great-West Bond Index

    Class L    60

 

   7 of 14

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West Bond Index

    Institutional Class    230

Great-West U.S. Government Securities

    Investor Class    50

Great-West U.S. Government Securities

    Class L    5

Great-West U.S. Government Securities

    Institutional Class    65

Great-West S&P Small Cap 600® Index

    Investor Class    140

Great-West S&P Small Cap 600® Index

    Class L    15

Great-West S&P Small Cap 600® Index

    Institutional Class    150

Great-West Putnam High Yield Bond

    Investor Class    10

Great-West Putnam High Yield Bond

    Class L    5

Great-West Putnam High Yield Bond

    Institutional Class    70

Great-West Large Cap Growth

    Investor Class    50

Great-West Large Cap Growth

    Class L    5

Great-West Large Cap Growth

    Institutional Class    150

Great-West International Growth

    Investor Class    20

Great-West International Growth

    Class L    5

Great-West International Growth

    Institutional Class    150

Great-West Core Bond

    Investor Class    20

Great-West Core Bond

    Class L    5

Great-West Core Bond

    Institutional Class    100

Great-West International Value

    Investor Class    65

Great-West International Value

    Class L    15

Great-West International Value

    Institutional Class    360

Great-West S&P 500® Index

    Investor Class    200

Great-West S&P 500® Index

    Class L    50

Great-West S&P 500® Index

    Institutional Class    300

Great-West Mid Cap Value

    Investor Class    20

Great-West Mid Cap Value

    Class L    24

Great-West Mid Cap Value

    Institutional Class    200

Great-West Invesco Small Cap Value

    Investor Class    10

Great-West Invesco Small Cap Value

    Class L    5

Great-West Invesco Small Cap Value

    Institutional Class    50

Great-West Ariel Mid Cap Value

    Investor Class    400

Great-West Ariel Mid Cap Value

    Class L    35

 

   8 of 14

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West Ariel Mid Cap Value

    Institutional Class    30

Great-West Loomis Sayles Small Cap Value

    Investor Class    15

Great-West Loomis Sayles Small Cap Value

    Class L    5

Great-West Loomis Sayles Small Cap Value

    Institutional Class    100

Great-West Multi-Sector Bond

    Investor Class    50

Great-West Multi-Sector Bond

    Class L    15

Great-West Multi-Sector Bond

    Institutional Class    120

Great-West Short Duration Bond

    Investor Class    40

Great-West Short Duration Bond

    Class L    5

Great-West Short Duration Bond

    Institutional Class    75

Great-West T. Rowe Price Mid Cap Growth

    Investor Class    75

Great-West T. Rowe Price Mid Cap Growth

    Class L    25

Great-West T. Rowe Price Mid Cap Growth

    Institutional Class    440

Great-West Global Bond

    Investor Class    35

Great-West Global Bond

    Class L    5

Great-West Global Bond

    Institutional Class    130

Great-West S&P Mid Cap 400® Index

    Investor Class    50

Great-West S&P Mid Cap 400® Index

    Class L    25

Great-West S&P Mid Cap 400® Index

    Institutional Class    200

Great-West International Index

    Investor Class    85

Great-West International Index

    Class L    22

Great-West International Index

    Institutional Class    250

Great-West Large Cap Value Fund

    Investor Class    30

Great-West Large Cap Value Fund

    Investor II Class    55

Great-West Large Cap Value Fund

    Class L    5

Great-West Large Cap Value Fund

    Institutional Class    500

Great-West Real Estate Index

    Investor Class    35

Great-West Real Estate Index

    Class L    22

Great-West Real Estate Index

    Institutional Class    100

Great-West Small Cap Growth

    Investor Class    15

Great-West Small Cap Growth

    Class L    5

Great-West Small Cap Growth

    Institutional Class    40

Great-West Emerging Markets Equity

    Investor Class    35

 

   9 of 14

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West Emerging Markets Equity

    Class L    30

Great-West Emerging Markets Equity

    Institutional Class    130

Great-West Inflation-Protected Securities

    Investor Class    30

Great-West Inflation-Protected Securities

    Class L    15

Great-West Inflation-Protected Securities

    Institutional Class    100

Great-West Conservative Profile

    Investor Class    300

Great-West Conservative Profile

    Class L    120

Great-West Conservative Profile

    Institutional Class    10

Great-West Moderately Conservative Profile

    Investor Class    180

Great-West Moderately Conservative Profile

    Class L    70

Great-West Moderately Conservative Profile

    Institutional Class    10

Great-West Moderate Profile

    Investor Class    600

Great-West Moderate Profile

    Class L    130

Great-West Moderate Profile

    Institutional Class    35

Great-West Moderately Aggressive Profile

    Investor Class    270

Great-West Moderately Aggressive Profile

    Class L    65

Great-West Moderately Aggressive Profile

    Institutional Class    25

Great-West Aggressive Profile

    Investor Class    280

Great-West Aggressive Profile

    Class L    30

Great-West Aggressive Profile

    Institutional Class    35

Great-West Core Strategies: U.S. Equity

    Investor Class    25

Great-West Core Strategies: U.S. Equity

    Institutional Class    25

Great-West Core Strategies: International Equity

    Investor Class    49

Great-West Core Strategies: International Equity

    Institutional Class    25

Great-West Core Strategies: Flexible Bond

    Investor Class    30

Great-West Core Strategies: Flexible Bond

    Institutional Class    15

Great-West Core Strategies: Inflation-Protected Securities

    Investor Class    55

Great-West Core Strategies: Inflation-Protected Securities

    Institutional Class    20

Great-West Core Strategies: Short Duration Bond

    Investor Class    25

Great-West Core Strategies: Short Duration Bond

    Class L    30

Great-West Core Strategies: Short Duration Bond

    Institutional Class    15

 

   10 of 14

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West Lifetime 2015

    Investor Class    80

Great-West Lifetime 2015

    Service Class    70

Great-West Lifetime 2015

    Class L    50

Great-West Lifetime 2015

    Institutional Class    30

Great-West Lifetime 2020

    Investor Class    60

Great-West Lifetime 2020

    Service Class    25

Great-West Lifetime 2020

    Class L    35

Great-West Lifetime 2020

    Institutional Class    12

Great-West Lifetime 2025

    Investor Class    100

Great-West Lifetime 2025

    Service Class    185

Great-West Lifetime 2025

    Class L    60

Great-West Lifetime 2025

    Institutional Class    80

Great-West Lifetime 2030

    Investor Class    55

Great-West Lifetime 2030

    Service Class    20

Great-West Lifetime 2030

    Class L    30

Great-West Lifetime 2030

    Institutional Class    25

Great-West Lifetime 2035

    Investor Class    70

Great-West Lifetime 2035

    Service Class    180

Great-West Lifetime 2035

    Class L    60

Great-West Lifetime 2035

    Institutional Class    90

Great-West Lifetime 2040

    Investor Class    40

Great-West Lifetime 2040

    Service Class    35

Great-West Lifetime 2040

    Class L    25

Great-West Lifetime 2040

    Institutional Class    20

Great-West Lifetime 2045

    Investor Class    35

Great-West Lifetime 2045

    Service Class    120

Great-West Lifetime 2045

    Class L    35

Great-West Lifetime 2045

    Institutional Class    60

Great-West Lifetime 2050

    Investor Class    15

Great-West Lifetime 2050

    Service Class    35

Great-West Lifetime 2050

    Class L    15

Great-West Lifetime 2050

    Institutional Class    15

Great-West Lifetime 2055

    Investor Class    35

Great-West Lifetime 2055

    Service Class    55

Great-West Lifetime 2055

    Class L    28

 

   11 of 14

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West Lifetime 2055

    Institutional Class    35

Great-West Lifetime 2060

    Investor Class    35

Great-West Lifetime 2060

    Service Class    35

Great-West Lifetime 2060

    Class L    28

Great-West Lifetime 2060

    Institutional Class    10

Great-West SecureFoundation® Balanced

    Investor Class    90

Great-West SecureFoundation® Balanced

    Service Class    30

Great-West SecureFoundation® Balanced

    Class L    70

Great-West SecureFoundation® Balanced

    Institutional Class    50

Great-West SecureFoundation® Balanced ETF

    Class A    20

Great-West SecureFoundation® Lifetime 2020

    Investor Class    15

Great-West SecureFoundation® Lifetime 2020

    Service Class    5

Great-West SecureFoundation® Lifetime 2020

    Class L    5

Great-West SecureFoundation® Lifetime 2020

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2025

    Investor Class    30

Great-West SecureFoundation® Lifetime 2025

    Service Class    30

Great-West SecureFoundation® Lifetime 2025

    Class L    5

Great-West SecureFoundation® Lifetime 2025

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2030

    Investor Class    20

Great-West SecureFoundation® Lifetime 2030

    Service Class    5

Great-West SecureFoundation® Lifetime 2030

    Class L    5

Great-West SecureFoundation® Lifetime 2030

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2035

    Investor Class    30

Great-West SecureFoundation® Lifetime 2035

    Service Class    10

Great-West SecureFoundation® Lifetime 2035

    Class L    5

Great-West SecureFoundation® Lifetime 2035

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2040

    Investor Class    15

Great-West SecureFoundation® Lifetime 2040

    Service Class    5

Great-West SecureFoundation® Lifetime 2040

    Class L    5

Great-West SecureFoundation® Lifetime 2040

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2045

    Investor Class    10

Great-West SecureFoundation® Lifetime 2045

    Service Class    10

Great-West SecureFoundation® Lifetime 2045

    Class L    5

Great-West SecureFoundation® Lifetime 2045

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2050

    Investor Class    5

 

   12 of 14

Current Classification of Shares
Series/Portfolio    Class               

Authorized            
Shares             

(expressed in            
millions)             

Great-West SecureFoundation® Lifetime 2050

    Service Class    5

Great-West SecureFoundation® Lifetime 2050

    Class L    5

Great-West SecureFoundation® Lifetime 2050

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2055

    Investor Class    10

Great-West SecureFoundation® Lifetime 2055

    Service Class    10

Great-West SecureFoundation® Lifetime 2055

    Class L    5

Great-West SecureFoundation® Lifetime 2055

    Institutional Class    5

Great-West SecureFoundation® Lifetime 2060

    Investor Class    10

Great-West SecureFoundation® Lifetime 2060

    Service Class    10

Great-West SecureFoundation® Lifetime 2060

    Class L    5

Great-West SecureFoundation® Lifetime 2060

    Institutional Class    5
           

Unclassified Capital Stock:

         4,010
           

Total:

         19,000

FOURTH: 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 21, 2020.

[remainder of page intentionally left blank]

 

   13 of 14

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/ Jonathan Kreider
Name:   Jonathan Kreider
Title:   President & Chief Executive Officer

 

ATTEST:
By:   /s/ Adam Kavan
Name:   Adam Kavan
Title:   Senior Counsel & Assistant Secretary

 

   14 of 14

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 Loomis Sayles Small Cap Value Fund    Great-West Small Cap Value 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 23rd day of October 2020.

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/ Jonathan Kreider
Name:   Jonathan Kreider
Title:   President and Chief Executive Officer

 

ATTEST:

/s/ Adam Kavan

Name:   Adam Kavan
Title:   Counsel and Assistant Secretary

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 November 13, 2020, the Board of Directors of the Corporation, by way of written consent and 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 decrease in the number of Class L shares of stock of the Great-West Bond Index Fund, Great-West S&P Small Cap 600® Index Fund, Great-West S&P 500® Index Fund, Great-West Mid Cap Value Fund, Great-West Ariel Mid Cap Value Fund, Great-West Multi-Sector Bond Fund, Great-West Short Duration Bond Fund, Great-West T. Rowe Price Mid Cap Growth Fund, Great-West S&P Mid Cap 400® Index Fund, Great-West International Index Fund, Great-West Real Estate Index Fund, Great-West Emerging Markets Equity Fund, Great-West Inflation-Protected Securities Fund, Great-West Core Strategies: Short Duration Bond Fund, Great-West Lifetime 2015 Fund, Great-West Lifetime 2020 Fund, Great-West Lifetime 2025 Fund, Great-West Lifetime 2030 Fund, Great-West Lifetime 2035, Great-West Lifetime 2040 Fund, Great-West Lifetime 2045 Fund, Great-West Lifetime 2050 Fund, Great-West Lifetime 2055 Fund, Great-West Lifetime 2060 Fund, Great-West SecureFoundation® Lifetime 2020 Fund, Great-West SecureFoundation® Lifetime 2025 Fund, Great-West SecureFoundation® Lifetime 2030 Fund, Great-West SecureFoundation® Lifetime 2035 Fund, Great-West SecureFoundation® Lifetime 2040 Fund, Great-West SecureFoundation® Lifetime 2045 Fund, Great-West SecureFoundation® Lifetime 2050 Fund, Great-West SecureFoundation® Lifetime 2055 Fund, and Great-West SecureFoundation® Lifetime 2060 Fund that the Corporation shall have the authority to issue from seven hundred eighty four million (784,000,000) shares to one hundred sixty million (160,000,000) shares.

 

2.

The decrease in the number of Investor Class shares of stock of the Great-West Government Money Market Fund that the Corporation shall have the authority to issue from three billion two hundred million (3,200,000,000) shares to one billion seven hundred eighty four million (1,784,000,000) shares.

 

3.

The increase in the number of Class L shares of stock of the Great-West SecureFoundation® Balanced Fund that the Corporation shall have the authority to issue from seventy million (70,000,000) to one hundred forty million (140,000,000) shares.

 

4.

The increase in the number of Investor Class shares of the Great-West Mid Cap Value Fund, Great-West Core Strategies: International Equity Fund, Great-West Core Strategies: Flexible Bond Fund, Great-West Conservative Profile Fund, Great-West Moderately Conservative Profile Fund, Great-West Moderate Profile Fund, Great-West Lifetime 2015 Fund, Great-West Lifetime 2020 Fund, Great-West Lifetime 2025 Fund, Great-West Lifetime 2030 Fund, Great-West Lifetime 2035 Fund, Great-West Lifetime 2040 Fund, Great-West Lifetime 2045 Fund, Great-West Lifetime 2050 Fund, and Great-West SecureFoundation® Balanced Fund that the Corporation shall have the authority to issue from one billion seven hundred twenty four million (1,724,000,000) to three billion four hundred twenty four million (3,424,000,000) shares.

 

5.

The increase in the number of Institutional Class shares of the Great-West Loomis Sayles Small Cap Value Fund, Great-West Inflation-Protected Securities Fund, and Great-West Conservative Profile Fund that the Corporation shall have the authority to issue from two hundred ten million

 

   1 of 17

 

(210,000,000) to four hundred eighty million (480,000,000) shares.

 

6.

The re-classification of the following 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 Investor Class - 3200    Great-West Government Money Market Investor Class - 1784
Great-West Bond Index Class L - 60    Great-West Bond Index Class L - 10
Great-West S&P Small Cap 600® Index Class L - 15    Great-West S&P Small Cap 600® Index Class L - 10
Great-West S&P 500® Index Class L - 50    Great-West S&P 500® Index Class L - 10
Great-West Mid Cap Value Investor Class - 20    Great-West Mid Cap Value Investor Class - 120
Great-West Mid Cap Value Class L - 24    Great-West Mid Cap Value Class L - 0
Great-West Ariel Mid Cap Value Class L - 35    Great-West Ariel Mid Cap Value Class L - 0
Great-West Loomis Sayles Small Cap Value Institutional Class - 100    Great-West Loomis Sayles Small Cap Value Institutional Class - 250
Great-West Multi-Sector Bond Class L - 15    Great-West Multi-Sector Bond Class L - 0
Great-West Short Duration Bond Class L - 5    Great-West Short Duration Bond Class L - 0
Great-West T. Rowe Price Mid Cap Growth Class L - 25    Great-West T. Rowe Price Mid Cap Growth Class L - 10
Great-West S&P Mid Cap 400® Index Class L - 25    Great-West S&P Mid Cap 400® Index Class L - 10
Great-West International Index Class L - 22    Great-West International Index Class L - 0
Great-West Real Estate Index Class L - 22    Great-West Real Estate Index Class L - 0
Great-West Emerging Markets Equity Class L - 30    Great-West Emerging Markets Equity Class L - 0
Great-West Inflation-Protected Securities Class L - 15    Great-West Inflation-Protected Securities Class L - 0
Great-West Inflation-Protected Securities Institutional Class - 100    Great-West Inflation-Protected Securities Institutional Class - 200
Great-West Conservative Profile Investor Class - 300    Great-West Conservative Profile Investor Class - 500
Great-West Conservative Profile Institutional Class - 10    Great-West Conservative Profile Institutional Class - 30
Great-West Moderately Conservative Profile Investor Class - 180    Great-West Moderately Conservative Profile Investor Class - 380
Great-West Moderate Profile Investor Class - 600    Great-West Moderate Profile Investor Class - 800
Great-West Core Strategies: Short Duration Bond Class L – 30    Great-West Core Strategies: Short Duration Bond Class L – 20

 

   2 of 17

Great-West Core Strategies: International Equity Investor

Class - 49

   

Great-West Core Strategies: International Equity Investor

Class – 99

Great-West Core Strategies: Flexible Bond Investor Class - 30    Great-West Core Strategies: Flexible Bond Investor Class – 280
Great-West Lifetime 2015 Investor Class - 80    Great-West Lifetime 2015 Investor Class - 180
Great-West Lifetime 2015 Class L - 50    Great-West Lifetime 2015 Class L - 10
Great-West Lifetime 2020 Investor Class -60    Great-West Lifetime 2020 Investor Class – 160
Great-West Lifetime 2020 Class L - 35    Great-West Lifetime 2020 Class L - 10
Great-West Lifetime 2025 Investor Class - 100    Great-West Lifetime 2025 Investor Class - 200
Great-West Lifetime 2025 Class L - 60    Great-West Lifetime 2025 Class L - 10
Great-West Lifetime 2030 Investor Class - 55    Great-West Lifetime 2030 Investor Class - 155
Great-West Lifetime 2030 Class L - 30    Great-West Lifetime 2030 Class L - 10
Great-West Lifetime 2035 Investor Class - 70    Great-West Lifetime 2035 Investor Class - 170
Great-West Lifetime 2035 Class L - 60    Great-West Lifetime 2035 Class L - 10
Great-West Lifetime 2040 Investor Class - 40    Great-West Lifetime 2040 Investor Class - 90
Great-West Lifetime 2040 Class L - 25    Great-West Lifetime 2040 Class L - 10
Great-West Lifetime 2045 Investor Class - 35    Great-West Lifetime 2045 Investor Class - 85
Great-West Lifetime 2045 Class L - 35    Great-West Lifetime 2045 Class L - 10
Great-West Lifetime 2050 Investor Class - 15    Great-West Lifetime 2050 Investor Class - 65
Great-West Lifetime 2050 Class L - 15    Great-West Lifetime 2050 Class L - 10
Great-West Lifetime 2055 Class L - 28    Great-West Lifetime 2055 Class L - 10
Great-West Lifetime 2060 Class L - 28    Great-West Lifetime 2060 Class L - 0
Great-West SecureFoundation® Balanced Investor Class - 90    Great-West SecureFoundation® Balanced Investor Class - 140
Great-West SecureFoundation® Balanced Class L - 70    Great-West SecureFoundation® Balanced Class L - 140
Great-West SecureFoundation® Lifetime 2020 Class L - 5    Great-West SecureFoundation® Lifetime 2020 Class L - 0
Great-West SecureFoundation® Lifetime 2025 Class L - 5    Great-West SecureFoundation® Lifetime 2025 Class L - 0
Great-West SecureFoundation® Lifetime 2030 Class L - 5    Great-West SecureFoundation® Lifetime 2030 Class L - 0

 

   3 of 17

Great-West SecureFoundation® Lifetime 2035 Class L - 5    Great-West SecureFoundation® Lifetime 2035 Class L - 0
Great-West SecureFoundation® Lifetime 2040 Class L - 5    Great-West SecureFoundation® Lifetime 2040 Class L - 0
Great-West SecureFoundation® Lifetime 2045 Class L - 5    Great-West SecureFoundation® Lifetime 2045 Class L - 0
Great-West SecureFoundation® Lifetime 2050 Class L - 5    Great-West SecureFoundation® Lifetime 2050 Class L - 0
Great-West SecureFoundation® Lifetime 2055 Class L - 5    Great-West SecureFoundation® Lifetime 2055 Class L - 0
Great-West SecureFoundation® Lifetime 2060 Class L - 5    Great-West SecureFoundation® Lifetime 2060 Class L - 0

SECOND: The shares of the Corporation reclassified pursuant to Articles One 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 nineteen billion (19,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of one billion nine hundred million dollars ($1,900,000,000), of which the Board of Directors had designated fifteen billion six hundred and twenty- five million (14,990,000,000) 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

   

Investor Class

   

3200

Great-West Government Money Market

   

Institutional Class

   

600

Great-West Bond Index

   

Investor Class

   

120

Great-West Bond Index

   

Class L

   

60

 

   4 of 17

Previous Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West Bond Index    Institutional Class    230
Great-West U.S. Government Securities    Investor Class    50
Great-West U.S. Government Securities    Class L    5
Great-West U.S. Government Securities    Institutional Class    65
Great-West S&P Small Cap 600® Index    Investor Class    140
Great-West S&P Small Cap 600® Index    Class L    15
Great-West S&P Small Cap 600® Index    Institutional Class    150
Great-West Putnam High Yield Bond    Investor Class    10
Great-West Putnam High Yield Bond    Class L    5
Great-West Putnam High Yield Bond    Institutional Class    70
Great-West Large Cap Growth    Investor Class    50
Great-West Large Cap Growth    Class L    5
Great-West Large Cap Growth    Institutional Class    150
Great-West International Growth    Investor Class    20
Great-West International Growth    Class L    5
Great-West International Growth    Institutional Class    150
Great-West Core Bond    Investor Class    20
Great-West Core Bond    Class L    5
Great-West Core Bond    Institutional Class    100
Great-West International Value    Investor Class    65
Great-West International Value    Class L    15
Great-West International Value    Institutional Class    360
Great-West S&P 500® Index    Investor Class    200
Great-West S&P 500® Index    Class L    50
Great-West S&P 500® Index    Institutional Class    300
Great-West Mid Cap Value    Investor Class    20
Great-West Mid Cap Value    Class L    24
Great-West Mid Cap Value    Institutional Class    200
Great-West Invesco Small Cap Value    Investor Class    10
Great-West Invesco Small Cap Value    Class L    5
Great-West Invesco Small Cap Value    Institutional Class    50
Great-West Ariel Mid Cap Value    Investor Class    400
Great-West Ariel Mid Cap Value    Class L    35

 

   5 of17

Previous Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West Ariel Mid Cap Value    Institutional Class    30
Great-West Loomis Sayles Small Cap Value    Investor Class    15
Great-West Loomis Sayles Small Cap Value    Class L    5
Great-West Loomis Sayles Small Cap Value    Institutional Class    100
Great-West Multi-Sector Bond    Investor Class    50
Great-West Multi-Sector Bond    Class L    15
Great-West Multi-Sector Bond    Institutional Class    120
Great-West Short Duration Bond    Investor Class    40
Great-West Short Duration Bond    Class L    5
Great-West Short Duration Bond    Institutional Class    75
Great-West T. Rowe Price Mid Cap Growth    Investor Class    75
Great-West T. Rowe Price Mid Cap Growth    Class L    25
Great-West T. Rowe Price Mid Cap Growth    Institutional Class    440
Great-West Global Bond    Investor Class    35
Great-West Global Bond    Class L    5
Great-West Global Bond    Institutional Class    130
Great-West S&P Mid Cap 400® Index    Investor Class    50
Great-West S&P Mid Cap 400® Index    Class L    25
Great-West S&P Mid Cap 400® Index    Institutional Class    200
Great-West International Index    Investor Class    85
Great-West International Index    Class L    22
Great-West International Index    Institutional Class    250
Great-West Large Cap Value Fund    Investor Class    30
Great-West Large Cap Value Fund    Investor II Class    55
Great-West Large Cap Value Fund    Class L    5
Great-West Large Cap Value Fund    Institutional Class    500
Great-West Real Estate Index    Investor Class    35
Great-West Real Estate Index    Class L    22
Great-West Real Estate Index    Institutional Class    100
Great-West Small Cap Growth    Investor Class    15
Great-West Small Cap Growth    Class L    5
Great-West Small Cap Growth    Institutional Class    40
Great-West Emerging Markets Equity    Investor Class    35

 

   6 of 17

Previous Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West Emerging Markets Equity    Class L    30
Great-West Emerging Markets Equity    Institutional Class    130
Great-West Inflation-Protected Securities    Investor Class    30
Great-West Inflation-Protected Securities    Class L    15
Great-West Inflation-Protected Securities    Institutional Class    100
Great-West Conservative Profile    Investor Class    300
Great-West Conservative Profile    Class L    120
Great-West Conservative Profile    Institutional Class    10
Great-West Moderately Conservative Profile    Investor Class    180
Great-West Moderately Conservative Profile    Class L    70
Great-West Moderately Conservative Profile    Institutional Class    10
Great-West Moderate Profile    Investor Class    600
Great-West Moderate Profile    Class L    130
Great-West Moderate Profile    Institutional Class    35
Great-West Moderately Aggressive Profile    Investor Class    270
Great-West Moderately Aggressive Profile    Class L    65
Great-West Moderately Aggressive Profile    Institutional Class    25
Great-West Aggressive Profile    Investor Class    280
Great-West Aggressive Profile    Class L    30
Great-West Aggressive Profile    Institutional Class    35
Great-West Core Strategies: U.S. Equity    Investor Class    25
Great-West Core Strategies: U.S. Equity    Institutional Class    25
Great-West Core Strategies: International Equity    Investor Class    49
Great-West Core Strategies: International Equity    Institutional Class    25
Great-West Core Strategies: Flexible Bond    Investor Class    30
Great-West Core Strategies: Flexible Bond    Institutional Class    15
Great-West Core Strategies: Inflation-Protected Securities    Investor Class    55
Great-West Core Strategies: Inflation-Protected Securities    Institutional Class    20
Great-West Core Strategies: Short Duration Bond    Investor Class    25
Great-West Core Strategies: Short Duration Bond    Class L    30
Great-West Core Strategies: Short Duration Bond    Institutional Class    15

 

   7 of 17

Previous Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West Lifetime 2015    Investor Class    80
Great-West Lifetime 2015    Service Class    70
Great-West Lifetime 2015    Class L    50
Great-West Lifetime 2015    Institutional Class    30
Great-West Lifetime 2020    Investor Class    60
Great-West Lifetime 2020    Service Class    25
Great-West Lifetime 2020    Class L    35
Great-West Lifetime 2020    Institutional Class    12
Great-West Lifetime 2025    Investor Class    100
Great-West Lifetime 2025    Service Class    185
Great-West Lifetime 2025    Class L    60
Great-West Lifetime 2025    Institutional Class    80
Great-West Lifetime 2030    Investor Class    55
Great-West Lifetime 2030    Service Class    20
Great-West Lifetime 2030    Class L    30
Great-West Lifetime 2030    Institutional Class    25
Great-West Lifetime 2035    Investor Class    70
Great-West Lifetime 2035    Service Class    180
Great-West Lifetime 2035    Class L    60
Great-West Lifetime 2035    Institutional Class    90
Great-West Lifetime 2040    Investor Class    40
Great-West Lifetime 2040    Service Class    35
Great-West Lifetime 2040    Class L    25
Great-West Lifetime 2040    Institutional Class    20
Great-West Lifetime 2045    Investor Class    35
Great-West Lifetime 2045    Service Class    120
Great-West Lifetime 2045    Class L    35
Great-West Lifetime 2045    Institutional Class    60
Great-West Lifetime 2050    Investor Class    15
Great-West Lifetime 2050    Service Class    35
Great-West Lifetime 2050    Class L    15
Great-West Lifetime 2050    Institutional Class    15
Great-West Lifetime 2055    Investor Class    35
Great-West Lifetime 2055    Service Class    55
Great-West Lifetime 2055    Class L    28

 

   8 of 17

Previous Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West Lifetime 2055    Institutional Class    35
Great-West Lifetime 2060    Investor Class    35
Great-West Lifetime 2060    Service Class    35
Great-West Lifetime 2060    Class L    28
Great-West Lifetime 2060    Institutional Class    10
Great-West SecureFoundation® Balanced    Investor Class    90
Great-West SecureFoundation® Balanced    Service Class    30
Great-West SecureFoundation® Balanced    Class L    70
Great-West SecureFoundation® Balanced    Institutional Class    50
Great-West SecureFoundation® Balanced ETF    Class A    20
Great-West SecureFoundation® Lifetime 2020    Investor Class    15
Great-West SecureFoundation® Lifetime 2020    Service Class    5
Great-West SecureFoundation® Lifetime 2020    Class L    5
Great-West SecureFoundation® Lifetime 2020    Institutional Class    5
Great-West SecureFoundation® Lifetime 2025    Investor Class    30
Great-West SecureFoundation® Lifetime 2025    Service Class    30
Great-West SecureFoundation® Lifetime 2025    Class L    5
Great-West SecureFoundation® Lifetime 2025    Institutional Class    5
Great-West SecureFoundation® Lifetime 2030    Investor Class    20
Great-West SecureFoundation® Lifetime 2030    Service Class    5
Great-West SecureFoundation® Lifetime 2030    Class L    5
Great-West SecureFoundation® Lifetime 2030    Institutional Class    5
Great-West SecureFoundation® Lifetime 2035    Investor Class    30
Great-West SecureFoundation® Lifetime 2035    Service Class    10
Great-West SecureFoundation® Lifetime 2035    Class L    5
Great-West SecureFoundation® Lifetime 2035    Institutional Class    5
Great-West SecureFoundation® Lifetime 2040    Investor Class    15
Great-West SecureFoundation® Lifetime 2040    Service Class    5
Great-West SecureFoundation® Lifetime 2040    Class L    5
Great-West SecureFoundation® Lifetime 2040    Institutional Class    5
Great-West SecureFoundation® Lifetime 2045    Investor Class    10
Great-West SecureFoundation® Lifetime 2045    Service Class    10
Great-West SecureFoundation® Lifetime 2045    Class L    5
Great-West SecureFoundation® Lifetime 2045    Institutional Class    5
Great-West SecureFoundation® Lifetime 2050    Investor Class    5

 

   9 of 17

Previous Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West SecureFoundation® Lifetime 2050    Service Class    5
Great-West SecureFoundation® Lifetime 2050    Class L    5
Great-West SecureFoundation® Lifetime 2050    Institutional Class    5
Great-West SecureFoundation® Lifetime 2055    Investor Class    10
Great-West SecureFoundation® Lifetime 2055    Service Class    10
Great-West SecureFoundation® Lifetime 2055    Class L    5
Great-West SecureFoundation® Lifetime 2055    Institutional Class    5
Great-West SecureFoundation® Lifetime 2060    Investor Class    10
Great-West SecureFoundation® Lifetime 2060    Service Class    10
Great-West SecureFoundation® Lifetime 2060    Class L    5
Great-West SecureFoundation® Lifetime 2060    Institutional Class    5
           
Unclassified Capital Stock:         4,010
           
Total:         19,000

As supplemented hereby, the Corporation’s Articles of Amendment and Restatement authorize the issuance of nineteen billion (19,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of one billion nine hundred million dollars ($1,900,000,000), classified as follows:

 

Current Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West Government Money Market    Investor Class    1784
Great-West Government Money Market    Institutional Class    600
Great-West Bond Index    Investor Class    120
Great-West Bond Index    Class L    10

 

   10 of 17

Current Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West Bond Index    Institutional Class    230
Great-West U.S. Government Securities    Investor Class    50
Great-West U.S. Government Securities    Class L    5
Great-West U.S. Government Securities    Institutional Class    65
Great-West S&P Small Cap 600® Index    Investor Class    140
Great-West S&P Small Cap 600® Index    Class L    10
Great-West S&P Small Cap 600® Index    Institutional Class    150
Great-West Putnam High Yield Bond    Investor Class    10
Great-West Putnam High Yield Bond    Class L    5
Great-West Putnam High Yield Bond    Institutional Class    70
Great-West Large Cap Growth    Investor Class    50
Great-West Large Cap Growth    Class L    5
Great-West Large Cap Growth    Institutional Class    150
Great-West International Growth    Investor Class    20
Great-West International Growth    Class L    5
Great-West International Growth    Institutional Class    150
Great-West Core Bond    Investor Class    20
Great-West Core Bond    Class L    5
Great-West Core Bond    Institutional Class    100
Great-West International Value    Investor Class    65
Great-West International Value    Class L    15
Great-West International Value    Institutional Class    360
Great-West S&P 500® Index    Investor Class    200
Great-West S&P 500® Index    Class L    10
Great-West S&P 500® Index    Institutional Class    300
Great-West Mid Cap Value    Investor Class    120
Great-West Mid Cap Value    Class L    0
Great-West Mid Cap Value    Institutional Class    200
Great-West Invesco Small Cap Value    Investor Class    10
Great-West Invesco Small Cap Value    Class L    5
Great-West Invesco Small Cap Value    Institutional Class    50
Great-West Ariel Mid Cap Value    Investor Class    400
Great-West Ariel Mid Cap Value    Class L    0

 

   11 of 17

Current Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West Ariel Mid Cap Value    Institutional Class    30
Great-West Loomis Sayles Small Cap Value    Investor Class    15
Great-West Loomis Sayles Small Cap Value    Class L    5
Great-West Loomis Sayles Small Cap Value    Institutional Class    250
Great-West Multi-Sector Bond    Investor Class    50
Great-West Multi-Sector Bond    Class L    0
Great-West Multi-Sector Bond    Institutional Class    120
Great-West Short Duration Bond    Investor Class    40
Great-West Short Duration Bond    Class L    0
Great-West Short Duration Bond    Institutional Class    75
Great-West T. Rowe Price Mid Cap Growth    Investor Class    75
Great-West T. Rowe Price Mid Cap Growth    Class L    10
Great-West T. Rowe Price Mid Cap Growth    Institutional Class    440
Great-West Global Bond    Investor Class    35
Great-West Global Bond    Class L    5
Great-West Global Bond    Institutional Class    130
Great-West S&P Mid Cap 400® Index    Investor Class    50
Great-West S&P Mid Cap 400® Index    Class L    10
Great-West S&P Mid Cap 400® Index    Institutional Class    200
Great-West International Index    Investor Class    85
Great-West International Index    Class L    0
Great-West International Index    Institutional Class    250
Great-West Large Cap Value Fund    Investor Class    30
Great-West Large Cap Value Fund    Investor II Class    55
Great-West Large Cap Value Fund    Class L    5
Great-West Large Cap Value Fund    Institutional Class    500
Great-West Real Estate Index    Investor Class    35
Great-West Real Estate Index    Class L    0
Great-West Real Estate Index    Institutional Class    100
Great-West Small Cap Growth    Investor Class    15
Great-West Small Cap Growth    Class L    5
Great-West Small Cap Growth    Institutional Class    40
Great-West Emerging Markets Equity    Investor Class    35

 

   12 of 17

Current Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West Emerging Markets Equity    Class L    0
Great-West Emerging Markets Equity    Institutional Class    130
Great-West Inflation-Protected Securities    Investor Class    30
Great-West Inflation-Protected Securities    Class L    0
Great-West Inflation-Protected Securities    Institutional Class    200
Great-West Conservative Profile    Investor Class    500
Great-West Conservative Profile    Class L    120
Great-West Conservative Profile    Institutional Class    30
Great-West Moderately Conservative Profile    Investor Class    380
Great-West Moderately Conservative Profile    Class L    70
Great-West Moderately Conservative Profile    Institutional Class    10
Great-West Moderate Profile    Investor Class    800
Great-West Moderate Profile    Class L    130
Great-West Moderate Profile    Institutional Class    35
Great-West Moderately Aggressive Profile    Investor Class    270
Great-West Moderately Aggressive Profile    Class L    65
Great-West Moderately Aggressive Profile    Institutional Class    25
Great-West Aggressive Profile    Investor Class    280
Great-West Aggressive Profile    Class L    30
Great-West Aggressive Profile    Institutional Class    35
Great-West Core Strategies: U.S. Equity    Investor Class    25
Great-West Core Strategies: U.S. Equity    Institutional Class    25
Great-West Core Strategies: International Equity    Investor Class    99
Great-West Core Strategies: International Equity    Institutional Class    25
Great-West Core Strategies: Flexible Bond    Investor Class    280
Great-West Core Strategies: Flexible Bond    Institutional Class    15
Great-West Core Strategies: Inflation-Protected Securities    Investor Class    55
Great-West Core Strategies: Inflation-Protected Securities    Institutional Class    20
Great-West Core Strategies: Short Duration Bond    Investor Class    25
Great-West Core Strategies: Short Duration Bond    Class L    20
Great-West Core Strategies: Short Duration Bond    Institutional Class    15

 

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Current Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West Lifetime 2015    Investor Class    180
Great-West Lifetime 2015    Service Class    70
Great-West Lifetime 2015    Class L    10
Great-West Lifetime 2015    Institutional Class    30
Great-West Lifetime 2020    Investor Class    160
Great-West Lifetime 2020    Service Class    25
Great-West Lifetime 2020    Class L    10
Great-West Lifetime 2020    Institutional Class    12
Great-West Lifetime 2025    Investor Class    200
Great-West Lifetime 2025    Service Class    185
Great-West Lifetime 2025    Class L    10
Great-West Lifetime 2025    Institutional Class    80
Great-West Lifetime 2030    Investor Class    155
Great-West Lifetime 2030    Service Class    20
Great-West Lifetime 2030    Class L    10
Great-West Lifetime 2030    Institutional Class    25
Great-West Lifetime 2035    Investor Class    170
Great-West Lifetime 2035    Service Class    180
Great-West Lifetime 2035    Class L    10
Great-West Lifetime 2035    Institutional Class    90
Great-West Lifetime 2040    Investor Class    90
Great-West Lifetime 2040    Service Class    35
Great-West Lifetime 2040    Class L    10
Great-West Lifetime 2040    Institutional Class    20
Great-West Lifetime 2045    Investor Class    85
Great-West Lifetime 2045    Service Class    120
Great-West Lifetime 2045    Class L    10
Great-West Lifetime 2045    Institutional Class    60
Great-West Lifetime 2050    Investor Class    65
Great-West Lifetime 2050    Service Class    35
Great-West Lifetime 2050    Class L    10
Great-West Lifetime 2050    Institutional Class    15
Great-West Lifetime 2055    Investor Class    35
Great-West Lifetime 2055    Service Class    55
Great-West Lifetime 2055    Class L    10

 

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Current Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West Lifetime 2055    Institutional Class    35
Great-West Lifetime 2060    Investor Class    35
Great-West Lifetime 2060    Service Class    35
Great-West Lifetime 2060    Class L    0
Great-West Lifetime 2060    Institutional Class    10
Great-West SecureFoundation® Balanced    Investor Class    140
Great-West SecureFoundation® Balanced    Service Class    30
Great-West SecureFoundation® Balanced    Class L    140
Great-West SecureFoundation® Balanced    Institutional Class    50
Great-West SecureFoundation® Balanced ETF    Class A    20
Great-West SecureFoundation® Lifetime 2020    Investor Class    15
Great-West SecureFoundation® Lifetime 2020    Service Class    5
Great-West SecureFoundation® Lifetime 2020    Class L    0
Great-West SecureFoundation® Lifetime 2020    Institutional Class    5
Great-West SecureFoundation® Lifetime 2025    Investor Class    30
Great-West SecureFoundation® Lifetime 2025    Service Class    30
Great-West SecureFoundation® Lifetime 2025    Class L    0
Great-West SecureFoundation® Lifetime 2025    Institutional Class    5
Great-West SecureFoundation® Lifetime 2030    Investor Class    20
Great-West SecureFoundation® Lifetime 2030    Service Class    5
Great-West SecureFoundation® Lifetime 2030    Class L    0
Great-West SecureFoundation® Lifetime 2030    Institutional Class    5
Great-West SecureFoundation® Lifetime 2035    Investor Class    30
Great-West SecureFoundation® Lifetime 2035    Service Class    10
Great-West SecureFoundation® Lifetime 2035    Class L    0
Great-West SecureFoundation® Lifetime 2035    Institutional Class    5
Great-West SecureFoundation® Lifetime 2040    Investor Class    15
Great-West SecureFoundation® Lifetime 2040    Service Class    5
Great-West SecureFoundation® Lifetime 2040    Class L    0
Great-West SecureFoundation® Lifetime 2040    Institutional Class    5
Great-West SecureFoundation® Lifetime 2045    Investor Class    10
Great-West SecureFoundation® Lifetime 2045    Service Class    10
Great-West SecureFoundation® Lifetime 2045    Class L    0
Great-West SecureFoundation® Lifetime 2045    Institutional Class    5
Great-West SecureFoundation® Lifetime 2050    Investor Class    5

 

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Current Classification of Shares
Series/Portfolio    Class   

Authorized

Shares

(expressed in

millions)

Great-West SecureFoundation® Lifetime 2050    Service Class    5
Great-West SecureFoundation® Lifetime 2050    Class L    0
Great-West SecureFoundation® Lifetime 2050    Institutional Class    5
Great-West SecureFoundation® Lifetime 2055    Investor Class    10
Great-West SecureFoundation® Lifetime 2055    Service Class    10
Great-West SecureFoundation® Lifetime 2055    Class L    0
Great-West SecureFoundation® Lifetime 2055    Institutional Class    5
Great-West SecureFoundation® Lifetime 2060    Investor Class    10
Great-West SecureFoundation® Lifetime 2060    Service Class    10
Great-West SecureFoundation® Lifetime 2060    Class L    0
Great-West SecureFoundation® Lifetime 2060    Institutional Class    5
           
Unclassified Capital Stock:         4,010
           
Total:         19,000

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 December 30, 2020.

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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/ Jonathan Kreider
Name:   Jonathan Kreider
Title:   President & Chief Executive Officer

 

ATTEST:
By:   /s/ Adam Kavan
Name:   Adam Kavan
Title:   Senior Counsel & Assistant Secretary

 

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