EX-99.(A)(26) 2 d402069dex99a26.htm ARTICLES SUPPLEMENTARY DATED APRIL 30, 2022 AND DECEMBER 14, 2022 Articles Supplementary dated April 30, 2022 and December 14, 2022

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 April 21, 2022, the Board of Directors of the Corporation, pursuant to the authority contained in the Corporation’s charter, and in accordance with Section 2-105(c) of the Maryland General Corporation Law, unanimously adopted resolutions approving:

 

1.

The decrease in the number of Class L shares of stock of the Great-West Bond Index Fund, Great-West U.S. Government Securities Fund, Great-West High Yield Bond Fund, Great-West Large Cap Growth Fund, Great-West International Growth Fund, Great-West Core Bond Fund, Great-West International Value Fund, Great-West S&P 500® Index Fund, Great-West Invesco Small Cap Value Fund, Great-West Small Cap Value Fund, Great-West T. Rowe Price Mid Cap Growth Fund, Great-West Global Bond Fund, Great-West Large Cap Value Fund, Great-West Small Cap Growth Fund, Great-West Moderately Aggressive Profile Fund, Great-West Aggressive Profile 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 Fund, Great-West Lifetime 2040 Fund, Great-West Lifetime 2045 Fund, Great-West Lifetime 2050 Fund and Great-West Lifetime 2055 Fund that the Corporation shall have the authority to issue from three hundred million (300,000,000) shares to zero (0) shares.

 

2.

The increase in the number of Investor Class shares of Great-West Bond Index Fund, Great-West U.S. Government Securities Fund, Great-West S&P Small Cap 600® Index Fund, Great-West High Yield Bond Fund, Great-West International Value Fund, Great-West S&P 500® Index Fund, Great-West Multi-Sector Bond Fund, Great-West S&P Mid Cap 400® Index Fund, Great-West International Index Fund, Great-West Emerging Markets Equity Fund, Great-West Core Strategies: Flexible Bond Fund, Great-West Moderate Profile Fund, Great-West Moderately Aggressive Profile Fund, and Great-West Aggressive Profile Fund, that the Corporation shall have the authority to issue from three billion seven hundred thirty five million (3,735,000,000) shares to five billion thirty five million (5,035,000,000) shares.

 

3.

The decrease in the number of Investor Class shares of stock of the Great-West Invesco Small Cap Value Fund, Great-West Core Strategies: Short Duration Bond 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 one hundred eighty million (180,000,000) shares to zero (0) shares.

 

4.

The increase in the number of Institutional Class shares of stock of Great-West Government Money Market Fund, Great-West Bond Index Fund, Great-West S&P Small Cap 600® Index Fund, Great-West Large Cap Growth Fund, Great-West International Growth Fund, Great-West Core Bond Fund, Great-West International Value Fund, Great-West S&P 500® Index Fund,

 

Great-West Mid Cap Value Fund, Great-West Multi-Sector Bond Fund, Great-West Large Cap Value Fund, Great-West Short Duration Bond Fund, Great-West T. Rowe Price Mid Cap Growth Fund, Great-West Global Bond Fund, Great-West S&P Mid Cap 400® Index Fund, Great-West International Index Fund, Great-West Small Cap Growth Fund, Great-West Emerging Markets Equity Fund, Great-West Inflation-Protected Securities Fund, Great-West Moderately Aggressive Profile Fund, Great-West Aggressive Profile Fund, Great-West Lifetime 2020 Fund, Great-West Lifetime 2025 Fund, Great-West Lifetime 2030 Fund, Great-West Lifetime 2035 Fund, Great-West Lifetime 2045 Fund, Great-West Lifetime 2055 Fund Institutional Class, and Great-West SecureFoundation® Balanced Fund, that the Corporation shall have the authority to issue from five billion four hundred forty two million (5,442,000,000) shares to seven billion six hundred seventy two million (7,672,000,000) shares.

 

5.

The decrease in the number of Institutional Class shares of stock of Great-West Invesco Small Cap Value Fund, Great-West Core Strategies: Short Duration Bond 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 one hundred ten million (110,000,000) shares to zero (0) shares.

 

6.

The increase in the number of Service Class shares of stock of Great-West Lifetime 2015 Fund, Great-West Lifetime 2025 Fund, Great-West Lifetime 2035 Fund, Great-West Lifetime 2045 Fund, and Great-West Lifetime 2055 Fund, that the Corporation shall have the authority to issue from six hundred ten million (610,000,000) shares to eight hundred sixty million (860,000,000) shares.

 

7.

The decrease in the number of Service Class shares of stock of 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 ninety million (90,000,000) to zero (0) shares.

 

8.

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 Fund Institutional Class - 600    Great-West Government Money Market Fund Institutional Class – 1,200
Great-West Bond Index Investor Class - 270    Great-West Bond Index Investor Class - 470
Great-West Bond Index Class L - 10    Great-West Bond Index Class L - 0
Great-West Bond Index Institutional Class - 330    Great-West Bond Index Institutional Class - 430

Previously Classified Shares

(expressed in millions)

   

Re-Classified Shares

(expressed in millions)

Great-West U.S. Government Securities Investor Class - 100    Great-West U.S. Government Securities Investor Class - 150
Great-West U.S. Government Securities Class L - 5    Great-West U.S. Government Securities Class L - 0
Great-West S&P Small Cap 600® Index Fund Investor Class – 140    Great-West S&P Small Cap 600® Index Fund Investor Class – 240
Great-West S&P Small Cap 600® Index Fund Institutional Class - 150    Great-West S&P Small Cap 600® Index Fund Institutional Class - 200
Great-West High Yield Bond Fund Investor Class - 110    Great-West High Yield Bond Fund Investor Class - 160
Great-West High Yield Bond Fund Class L - 5    Great-West High Yield Bond Fund Class L - 0
Great-West Large Cap Growth Fund Class L - 5    Great-West Large Cap Growth Fund Class L - 0
Great-West Large Cap Growth Fund Institutional Class - 200    Great-West Large Cap Growth Fund Institutional Class - 300
Great-West International Growth Fund Class L - 5    Great-West International Growth Fund Class L - 0
Great-West International Growth Fund Institutional Class - 150    Great-West International Growth Fund Institutional Class - 200
Great-West Core Bond Fund Class L - 5    Great-West Core Bond Fund Class L - 0
Great-West Core Bond Fund Institutional Class - 160    Great-West Core Bond Fund Institutional Class - 210
Great-West International Value Fund Investor Class - 65    Great-West International Value Fund Investor Class - 115
Great-West International Value Fund Class L - 15    Great-West International Value Fund Class L - 0
Great-West International Value Fund Institutional Class - 360    Great-West International Value Fund Institutional Class - 460
Great-West S&P 500® Index Fund Class L - 10    Great-West S&P 500® Index Fund Class L - 0
Great-West S&P 500® Index Fund Investor Class - 400    Great-West S&P 500® Index Fund Investor Class - 500
Great-West S&P 500® Index Fund Institutional Class - 500    Great-West S&P 500® Index Fund Institutional Class - 550
Great-West Mid Cap Value Fund Institutional Class - 250    Great-West Mid Cap Value Fund Institutional Class - 350
Great-West Invesco Small Cap Value Fund Investor Class - 10    Great-West Invesco Small Cap Value Fund Investor Class - 0
Great-West Invesco Small Cap Value Fund Class L - 5    Great-West Invesco Small Cap Value Fund Class L - 0
Great-West Invesco Small Cap Value Fund Institutional Class - 50    Great-West Invesco Small Cap Value Fund Institutional Class - 0
Great-West Small Cap Value Fund Class L - 5    Great-West Small Cap Value Fund Class L - 0
Great-West Multi-Sector Bond Fund Investor Class - 50    Great-West Multi-Sector Bond Fund Investor Class - 100

Previously Classified Shares

(expressed in millions)

   

Re-Classified Shares

(expressed in millions)

Great-West Multi-Sector Bond Fund Institutional Class - 195    Great-West Multi-Sector Bond Fund Institutional Class - 295
Great-West Large Cap Value Fund Class L - 5    Great-West Large Cap Value Fund Class L - 0
Great-West Large Cap Value Fund Institutional Class - 500    Great-West Large Cap Value Fund Institutional Class - 600
Great-West Short Duration Bond Fund Institutional Class - 125    Great-West Short Duration Bond Fund Institutional Class - 175
Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class - 440    Great-West T. Rowe Price Mid Cap Growth Fund Institutional Class - 540
Great-West T. Rowe Price Mid Cap Growth Fund Class L - 10    Great-West T. Rowe Price Mid Cap Growth Fund Class L - 0
Great-West Global Bond Fund Class L - 5    Great-West Global Bond Fund Class L - 0
Great-West Global Bond Fund Institutional Class - 230    Great-West Global Bond Fund Institutional Class - 280
Great-West S&P Mid Cap 400® Index Fund Investor Class – 100    Great-West S&P Mid Cap 400® Index Fund Investor Class – 200
Great-West S&P Mid Cap 400® Index Fund Institutional Class - 200    Great-West S&P Mid Cap 400® Index Fund Institutional Class - 250
Great-West International Index Fund Investor Class - 185    Great-West International Index Fund Investor Class - 285
Great-West International Index Fund Institutional Class - 250    Great-West International Index Fund Institutional Class - 300
Great-West Small Cap Growth Fund Class L - 5    Great-West Small Cap Growth Fund Class L - 0
Great-West Small Cap Growth Fund Institutional Class - 40    Great-West Small Cap Growth Fund Institutional Class - 60
Great-West Emerging Markets Equity Fund Investor Class - 85    Great-West Emerging Markets Equity Fund Investor Class - 185
Great-West Emerging Markets Equity Fund Institutional Class - 130    Great-West Emerging Markets Equity Fund Institutional Class - 180
Great-West Inflation-Protected Securities Fund Institutional Class - 200    Great-West Inflation-Protected Securities Fund Institutional Class - 250
Great-West Core Strategies: Flexible Bond Fund Investor Class - 580    Great-West Core Strategies: Flexible Bond Fund Investor Class - 780
Great-West Core Strategies: Short Duration Bond Fund Investor Class - 25    Great-West Core Strategies: Short Duration Bond Fund Investor Class - 0
Great-West Core Strategies: Short Duration Bond Fund Class L - 20    Great-West Core Strategies: Short Duration Bond Fund Class L - 0
Great-West Core Strategies: Short Duration Bond Fund Institutional Class - 15    Great-West Core Strategies: Short Duration Bond Fund Institutional Class - 0
Great-West Moderate Profile Fund Investor Class - 900    Great-West Moderate Profile Fund Investor Class - 950
Great-West Moderately Aggressive Profile Fund Investor Class - 370    Great-West Moderately Aggressive Profile Fund Investor Class - 470
Great-West Moderately Aggressive Profile Fund Class L - 65    Great-West Moderately Aggressive Profile Fund Class L - 0

Previously Classified Shares

(expressed in millions)

   

Re-Classified Shares

(expressed in millions)

Great-West Moderately Aggressive Profile Fund Institutional Class - 25    Great-West Moderately Aggressive Profile Fund Institutional Class - 75
Great-West Aggressive Profile Fund Investor Class - 380    Great-West Aggressive Profile Fund Investor Class - 430
Great-West Aggressive Profile Fund Class L - 30    Great-West Aggressive Profile Fund Class L - 0
Great-West Aggressive Profile Fund Institutional Class - 35    Great-West Aggressive Profile Fund Institutional Class - 85
Great-West Lifetime 2015 Fund Service Class - 70    Great-West Lifetime 2015 Fund Service Class - 120
Great-West Lifetime 2015 Fund Class L – 10    Great-West Lifetime 2015 Fund Class L - 0
Great-West Lifetime 2020 Fund Class L – 10    Great-West Lifetime 2020 Fund Class L - 0
Great-West Lifetime 2020 Fund Institutional Class - 12    Great-West Lifetime 2020 Fund Institutional Class - 22
Great-West Lifetime 2025 Fund Service Class - 185    Great-West Lifetime 2025 Fund Service Class - 235
Great-West Lifetime 2025 Fund Class L – 10    Great-West Lifetime 2025 Fund Class L - 0
Great-West Lifetime 2025 Fund Institutional Class - 80    Great-West Lifetime 2025 Fund Institutional Class - 130
Great-West Lifetime 2030 Fund Class L – 10    Great-West Lifetime 2030 Fund Class L - 0
Great-West Lifetime 2030 Fund Institutional Class - 25    Great-West Lifetime 2030 Fund Institutional Class - 75
Great-West Lifetime 2035 Fund Service Class - 180    Great-West Lifetime 2035 Fund Service Class - 230
Great-West Lifetime 2035 Fund Class L – 10    Great-West Lifetime 2035 Fund Class L - 0
Great-West Lifetime 2035 Fund Institutional Class - 90    Great-West Lifetime 2035 Fund Institutional Class - 140
Great-West Lifetime 2040 Fund Class L – 10    Great-West Lifetime 2040 Fund Class L - 0
Great-West Lifetime 2045 Fund Service Class - 120    Great-West Lifetime 2045 Fund Service Class - 170
Great-West Lifetime 2045 Fund Class L – 10    Great-West Lifetime 2045 Fund Class L - 0
Great-West Lifetime 2045 Fund Institutional Class - 60    Great-West Lifetime 2045 Fund Institutional Class - 110
Great-West Lifetime 2050 Fund Class L – 10    Great-West Lifetime 2050 Fund Class L - 0
Great-West Lifetime 2055 Fund Service Class - 55    Great-West Lifetime 2055 Fund Service Class - 105
Great-West Lifetime 2055 Fund Class L – 10    Great-West Lifetime 2055 Fund Class L - 0
Great-West Lifetime 2055 Fund Institutional Class - 55    Great-West Lifetime 2055 Fund Institutional Class - 105

Previously Classified Shares

(expressed in millions)

   

Re-Classified Shares

(expressed in millions)

Great-West SecureFoundation® Balanced Fund Institutional Class – 50    Great-West SecureFoundation® Balanced Fund Institutional Class – 100
Great-West SecureFoundation® Lifetime 2020 Fund Investor Class - 15    Great-West SecureFoundation® Lifetime 2020 Fund Investor Class – 0
Great-West SecureFoundation® Lifetime 2020 Fund Service Class – 5    Great-West SecureFoundation® Lifetime 2020 Fund Service Class – 0
Great-West SecureFoundation® Lifetime 2020 Fund Institutional Class – 5    Great-West SecureFoundation® Lifetime 2020 Fund Institutional Class – 0
Great-West SecureFoundation® Lifetime 2025 Fund Investor Class – 30    Great-West SecureFoundation® Lifetime 2025 Fund Investor Class – 0
Great-West SecureFoundation® Lifetime 2025 Fund Service Class – 30    Great-West SecureFoundation® Lifetime 2025 Fund Service Class – 0
Great-West SecureFoundation® Lifetime 2025 Fund Institutional Class – 5    Great-West SecureFoundation® Lifetime 2025 Fund Institutional Class – 0
Great-West SecureFoundation® Lifetime 2030 Fund Investor Class – 20    Great-West SecureFoundation® Lifetime 2030 Fund Investor Class – 0
Great-West SecureFoundation® Lifetime 2030 Fund Service Class – 5    Great-West SecureFoundation® Lifetime 2030 Fund Service Class – 0
Great-West SecureFoundation® Lifetime 2030 Fund Institutional Class – 5    Great-West SecureFoundation® Lifetime 2030 Fund Institutional Class – 0
Great-West SecureFoundation® Lifetime 2035 Fund Investor Class – 30    Great-West SecureFoundation® Lifetime 2035 Fund Investor Class – 0
Great-West SecureFoundation® Lifetime 2035 Fund Service Class - 10    Great-West SecureFoundation® Lifetime 2035 Fund Service Class – 0
Great-West SecureFoundation® Lifetime 2035 Fund Institutional Class – 5    Great-West SecureFoundation® Lifetime 2035 Fund Institutional Class – 0
Great-West SecureFoundation® Lifetime 2040 Fund Investor Class – 15    Great-West SecureFoundation® Lifetime 2040 Fund Investor Class – 0
Great-West SecureFoundation® Lifetime 2040 Fund Service Class – 5    Great-West SecureFoundation® Lifetime 2040 Fund Service Class – 0
Great-West SecureFoundation® Lifetime 2040 Fund Institutional Class - 5    Great-West SecureFoundation® Lifetime 2040 Fund Institutional Class – 0
Great-West SecureFoundation® Lifetime 2045 Fund Investor Class – 10    Great-West SecureFoundation® Lifetime 2045 Fund Investor Class - 0
Great-West SecureFoundation® Lifetime 2045 Fund Service Class – 10    Great-West SecureFoundation® Lifetime 2045 Fund Service Class – 0
Great-West SecureFoundation® Lifetime 2045 Fund Institutional Class – 5    Great-West SecureFoundation® Lifetime 2045 Fund Institutional Class – 0
Great-West SecureFoundation® Lifetime 2050 Fund Investor Class – 5    Great-West SecureFoundation® Lifetime 2050 Fund Investor Class – 0
Great-West SecureFoundation® Lifetime 2050 Fund Service Class – 5    Great-West SecureFoundation® Lifetime 2050 Fund Service Class – 0
Great-West SecureFoundation® Lifetime 2050 Fund Institutional Class -5    Great-West SecureFoundation® Lifetime 2050 Fund Institutional Class – 0
Great-West SecureFoundation® Lifetime 2055 Fund Investor Class – 10    Great-West SecureFoundation® Lifetime 2055 Fund Investor Class – 0

Previously Classified Shares

(expressed in millions)

   

Re-Classified Shares

(expressed in millions)

Great-West SecureFoundation® Lifetime 2055 Fund Service Class – 10    Great-West SecureFoundation® Lifetime 2055 Fund Service Class – 0
Great-West SecureFoundation® Lifetime 2055 Fund Institutional Class – 5    Great-West SecureFoundation® Lifetime 2055 Fund Institutional Class - 0
Great-West SecureFoundation® Lifetime 2060 Fund Investor Class – 10    Great-West SecureFoundation® Lifetime 2060 Fund Investor Class – 0
Great-West SecureFoundation® Lifetime 2060 Fund Service Class – 10    Great-West SecureFoundation® Lifetime 2060 Fund Service Class – 0
Great-West SecureFoundation® Lifetime 2060 Fund Institutional Class - 5    Great-West SecureFoundation® Lifetime 2060 Fund Institutional Class - 0

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

THIRD: 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.

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 eighteen billion two hundred fifteen million (18,215,000,000) 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    1784
Great-West Government Money Market    Institutional Class    600
Great-West Bond Index    Investor Class    270
Great-West Bond Index    Class L    10
Great-West Bond Index    Institutional Class    330
Great-West U.S. Government Securities    Investor Class    100
Great-West U.S. Government Securities    Class L    5
Great-West U.S. Government Securities    Institutional Class    115
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 High Yield Bond    Investor Class    110
Great-West High Yield Bond    Class L    5

Previous Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
Great-West High Yield Bond    Institutional Class    170
Great-West Large Cap Growth    Investor Class    100
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    40
Great-West Core Bond    Class L    5
Great-West Core Bond    Institutional Class    160
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    400
Great-West S&P 500® Index    Class L    10
Great-West S&P 500® Index    Institutional Class    500
Great-West Mid Cap Value    Investor Class    120
Great-West Mid Cap Value    Class L    0
Great-West Mid Cap Value    Institutional Class    250
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
Great-West Ariel Mid Cap Value    Institutional Class    30
Great-West Small Cap Value    Investor Class    15
Great-West Small Cap Value    Class L    5
Great-West 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    195
Great-West Short Duration Bond    Investor Class    40
Great-West Short Duration Bond    Class L    0
Great-West Short Duration Bond    Institutional Class    125
Great-West T. Rowe Price Mid Cap Growth    Investor Class    125

Previous Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
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    230
Great-West S&P Mid Cap 400® Index    Investor Class    100
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    185
Great-West International Index    Class L    0
Great-West International Index    Institutional Class    250
Great-West Large Cap Value Fund    Investor Class    80
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    135
Great-West Real Estate Index    Class L    0
Great-West Real Estate Index    Institutional Class    200
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    85
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    600
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    60
Great-West Moderate Profile    Investor Class    900
Great-West Moderate Profile    Class L    130

Previous Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
Great-West Moderate Profile    Institutional Class    85
Great-West Moderately Aggressive Profile    Investor Class    370
Great-West Moderately Aggressive Profile    Class L    65
Great-West Moderately Aggressive Profile    Institutional Class    25
Great-West Aggressive Profile    Investor Class    380
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    199
Great-West Core Strategies: International Equity    Institutional Class    25
Great-West Core Strategies: Flexible Bond    Investor Class    580
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
Great-West Lifetime 2015    Investor Class    230
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    210
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    250
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    205
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    220

Previous Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
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    140
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    135
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
Great-West Lifetime 2055    Institutional Class    55
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    190
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

Previous Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
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
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:         785
           
Total:         19,000

As supplemented hereby, the Corporation’s Articles of Amendment and Restatement authorize the

issuance of twenty-three billion (23,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of two billion three hundred million dollars ($2,300,000,000), classified as follows:

 

Current Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
Great-West Government Money Market    Investor Class    1,784
Great-West Government Money Market    Institutional Class    1,200
Great-West Bond Index    Investor Class    470
Great-West Bond Index    Class L    0
Great-West Bond Index    Institutional Class    430
Great-West U.S. Government Securities    Investor Class    150
Great-West U.S. Government Securities    Class L    0
Great-West U.S. Government Securities    Institutional Class    115
Great-West S&P Small Cap 600® Index    Investor Class    240
Great-West S&P Small Cap 600® Index    Class L    10
Great-West S&P Small Cap 600® Index    Institutional Class    200
Great-West High Yield Bond    Investor Class    160
Great-West High Yield Bond    Class L    0
Great-West High Yield Bond    Institutional Class    170
Great-West Large Cap Growth    Investor Class    100
Great-West Large Cap Growth    Class L    0
Great-West Large Cap Growth    Institutional Class    300
Great-West International Growth    Investor Class    20
Great-West International Growth    Class L    0
Great-West International Growth    Institutional Class    200
Great-West Core Bond    Investor Class    40
Great-West Core Bond    Class L    0
Great-West Core Bond    Institutional Class    210
Great-West International Value    Investor Class    115
Great-West International Value    Class L    0
Great-West International Value    Institutional Class    460
Great-West S&P 500® Index    Investor Class    500
Great-West S&P 500® Index    Class L    0
Great-West S&P 500® Index    Institutional Class    550
Great-West Mid Cap Value    Investor Class    120
Great-West Mid Cap Value    Class L    0
Great-West Mid Cap Value    Institutional Class    350

Current Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
Great-West Invesco Small Cap Value    Investor Class    0
Great-West Invesco Small Cap Value    Class L    0
Great-West Invesco Small Cap Value    Institutional Class    0
Great-West Ariel Mid Cap Value    Investor Class    400
Great-West Ariel Mid Cap Value    Class L    0
Great-West Ariel Mid Cap Value    Institutional Class    30
Great-West Small Cap Value    Investor Class    15
Great-West Small Cap Value    Class L    0
Great-West Small Cap Value    Institutional Class    250
Great-West Multi-Sector Bond    Investor Class    100
Great-West Multi-Sector Bond    Class L    0
Great-West Multi-Sector Bond    Institutional Class    295
Great-West Short Duration Bond    Investor Class    40
Great-West Short Duration Bond    Class L    0
Great-West Short Duration Bond    Institutional Class    175
Great-West T. Rowe Price Mid Cap Growth    Investor Class    125
Great-West T. Rowe Price Mid Cap Growth    Class L    0
Great-West T. Rowe Price Mid Cap Growth    Institutional Class    540
Great-West Global Bond    Investor Class    35
Great-West Global Bond    Class L    0
Great-West Global Bond    Institutional Class    280
Great-West S&P Mid Cap 400® Index    Investor Class    200
Great-West S&P Mid Cap 400® Index    Class L    10
Great-West S&P Mid Cap 400® Index    Institutional Class    250
Great-West International Index    Investor Class    285
Great-West International Index    Class L    0
Great-West International Index    Institutional Class    300
Great-West Large Cap Value Fund    Investor Class    80
Great-West Large Cap Value Fund    Investor II Class    55
Great-West Large Cap Value Fund    Class L    0
Great-West Large Cap Value Fund    Institutional Class    600
Great-West Real Estate Index    Investor Class    135
Great-West Real Estate Index    Class L    0
Great-West Real Estate Index    Institutional Class    200
Great-West Small Cap Growth    Investor Class    15

Current Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
Great-West Small Cap Growth    Class L    0
Great-West Small Cap Growth    Institutional Class    60
Great-West Emerging Markets Equity    Investor Class    185
Great-West Emerging Markets Equity    Class L    0
Great-West Emerging Markets Equity    Institutional Class    180
Great-West Inflation-Protected Securities    Investor Class    30
Great-West Inflation-Protected Securities    Class L    0
Great-West Inflation-Protected Securities    Institutional Class    250
Great-West Conservative Profile    Investor Class    600
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    60
Great-West Moderate Profile    Investor Class    950
Great-West Moderate Profile    Class L    130
Great-West Moderate Profile    Institutional Class    85
Great-West Moderately Aggressive Profile    Investor Class    470
Great-West Moderately Aggressive Profile    Class L    0
Great-West Moderately Aggressive Profile    Institutional Class    75
Great-West Aggressive Profile    Investor Class    430
Great-West Aggressive Profile    Class L    0
Great-West Aggressive Profile    Institutional Class    85
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    199
Great-West Core Strategies: International Equity    Institutional Class    25
Great-West Core Strategies: Flexible Bond    Investor Class    780
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    0
Great-West Core Strategies: Short Duration Bond    Class L    0
Great-West Core Strategies: Short Duration Bond    Institutional Class    0
Great-West Lifetime 2015    Investor Class    230

Current Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
Great-West Lifetime 2015    Service Class    120
Great-West Lifetime 2015    Class L    0
Great-West Lifetime 2015    Institutional Class    30
Great-West Lifetime 2020    Investor Class    210
Great-West Lifetime 2020    Service Class    25
Great-West Lifetime 2020    Class L    0
Great-West Lifetime 2020    Institutional Class    22
Great-West Lifetime 2025    Investor Class    250
Great-West Lifetime 2025    Service Class    235
Great-West Lifetime 2025    Class L    0
Great-West Lifetime 2025    Institutional Class    130
Great-West Lifetime 2030    Investor Class    205
Great-West Lifetime 2030    Service Class    20
Great-West Lifetime 2030    Class L    0
Great-West Lifetime 2030    Institutional Class    75
Great-West Lifetime 2035    Investor Class    220
Great-West Lifetime 2035    Service Class    230
Great-West Lifetime 2035    Class L    0
Great-West Lifetime 2035    Institutional Class    140
Great-West Lifetime 2040    Investor Class    140
Great-West Lifetime 2040    Service Class    35
Great-West Lifetime 2040    Class L    0
Great-West Lifetime 2040    Institutional Class    20
Great-West Lifetime 2045    Investor Class    135
Great-West Lifetime 2045    Service Class    170
Great-West Lifetime 2045    Class L    0
Great-West Lifetime 2045    Institutional Class    110
Great-West Lifetime 2050    Investor Class    65
Great-West Lifetime 2050    Service Class    35
Great-West Lifetime 2050    Class L    0
Great-West Lifetime 2050    Institutional Class    15
Great-West Lifetime 2055    Investor Class    35
Great-West Lifetime 2055    Service Class    105
Great-West Lifetime 2055    Class L    0
Great-West Lifetime 2055    Institutional Class    105

Current Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
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    190
Great-West SecureFoundation® Balanced    Service Class    30
Great-West SecureFoundation® Balanced    Class L    140
Great-West SecureFoundation® Balanced    Institutional Class    100
Great-West SecureFoundation® Balanced ETF    Class A    20
Great-West SecureFoundation® Lifetime 2020    Investor Class    0
Great-West SecureFoundation® Lifetime 2020    Service Class    0
Great-West SecureFoundation® Lifetime 2020    Class L    0
Great-West SecureFoundation® Lifetime 2020    Institutional Class    0
Great-West SecureFoundation® Lifetime 2025    Investor Class    0
Great-West SecureFoundation® Lifetime 2025    Service Class    0
Great-West SecureFoundation® Lifetime 2025    Class L    0
Great-West SecureFoundation® Lifetime 2025    Institutional Class    0
Great-West SecureFoundation® Lifetime 2030    Investor Class    0
Great-West SecureFoundation® Lifetime 2030    Service Class    0
Great-West SecureFoundation® Lifetime 2030    Class L    0
Great-West SecureFoundation® Lifetime 2030    Institutional Class    0
Great-West SecureFoundation® Lifetime 2035    Investor Class    0
Great-West SecureFoundation® Lifetime 2035    Service Class    0
Great-West SecureFoundation® Lifetime 2035    Class L    0
Great-West SecureFoundation® Lifetime 2035    Institutional Class    0
Great-West SecureFoundation® Lifetime 2040    Investor Class    0
Great-West SecureFoundation® Lifetime 2040    Service Class    0
Great-West SecureFoundation® Lifetime 2040    Class L    0
Great-West SecureFoundation® Lifetime 2040    Institutional Class    0
Great-West SecureFoundation® Lifetime 2045    Investor Class    0
Great-West SecureFoundation® Lifetime 2045    Service Class    0
Great-West SecureFoundation® Lifetime 2045    Class L    0
Great-West SecureFoundation® Lifetime 2045    Institutional Class    0
Great-West SecureFoundation® Lifetime 2050    Investor Class    0
Great-West SecureFoundation® Lifetime 2050    Service Class    0

Current Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
Great-West SecureFoundation® Lifetime 2050    Class L    0
Great-West SecureFoundation® Lifetime 2050    Institutional Class    0
Great-West SecureFoundation® Lifetime 2055    Investor Class    0
Great-West SecureFoundation® Lifetime 2055    Service Class    0
Great-West SecureFoundation® Lifetime 2055    Class L    0
Great-West SecureFoundation® Lifetime 2055    Institutional Class    0
Great-West SecureFoundation® Lifetime 2060    Investor Class    0
Great-West SecureFoundation® Lifetime 2060    Service Class    0
Great-West SecureFoundation® Lifetime 2060    Class L    0
Great-West SecureFoundation® Lifetime 2060    Institutional Class    0
           
Unclassified Capital Stock:         1,685
           
Total:         23,000

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 April 30, 2022.

[remainder of page intentionally left blank]

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

EMPOWER FUNDS, INC.

ARTICLES SUPPLEMENTARY

Empower 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 December 19, 2022, 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:

 

9.

The increase in the number of Investor Class shares of the Empower Bond Index Fund, Empower Core Strategies: Inflation-Protected Securities Fund, Empower Core Strategies: U.S. Equity Fund, Empower International Value Fund, Empower Large Cap Growth Fund and Empower Multi-Sector Bond that the Corporation shall have the authority to issue from eight hundred sixty-five million (865,000,000) to one billion six hundred million (1,600,000,000).

 

10.

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)

Empower Bond Index Fund Investor Class - 470    Empower Bond Index Fund Investor Class - 600
Empower Core Strategies: Inflation-Protected Securities Fund Investor Class - 55    Empower Core Strategies: Inflation-Protected Securities Fund Investor Class - 200
Empower Core Strategies: U.S. Equity Fund Investor Class - 25    Empower Core Strategies: U.S. Equity Fund Investor Class - 200
Empower International Value Fund Investor Class - 115    Empower International Value Fund Investor Class - 200
Empower Large Cap Growth Fund Investor Class - 100    Empower Large Cap Growth Fund Investor Class - 200
Empower Multi-Sector Bond Fund Investor Class - 100    Empower Multi-Sector Bond Fund Investor Class - 200

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

THIRD: Immediately prior to the effectiveness of these Articles Supplementary of the Corporation, the Corporation had the authority to issue twenty-three billion (23,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of two billion three hundred million dollars ($2,300,000,000), of which the Board of Directors had designated twenty-one billion three hundred fifteen million (21,315,000,000) 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)
Empower Aggressive Profile Fund    Investor Class    430

Previous Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in millions)
Empower Aggressive Profile Fund    Institutional Class    85
Empower Ariel Mid Cap Value Fund    Investor Class    400
Empower Ariel Mid Cap Value Fund    Institutional Class    30
Empower Bond Index Fund    Investor Class    470
Empower Bond Index Fund    Institutional Class    430
Empower Conservative Profile Fund    Investor Class    600
Empower Conservative Profile Fund    Class L    120
Empower Conservative Profile Fund    Institutional Class    30
Empower Core Bond Fund    Investor Class    40
Empower Core Bond Fund    Institutional Class    210
Empower Core Strategies: Flexible Bond Fund    Investor Class    780
Empower Core Strategies: Flexible Bond Fund    Institutional Class    15
Empower Core Strategies: Inflation-Protected Securities Fund    Investor Class    55
Empower Core Strategies: Inflation-Protected Securities Fund    Institutional Class    20
Empower Core Strategies: International Equity Fund    Investor Class    199
Empower Core Strategies: International Equity Fund    Institutional Class    25
Empower Core Strategies: U.S. Equity Fund    Investor Class    25
Empower Core Strategies: U.S. Equity Fund    Institutional Class    25
Empower Emerging Markets Equity Fund    Investor Class    185
Empower Emerging Markets Equity Fund    Institutional Class    180
Empower Global Bond Fund    Investor Class    35
Empower Global Bond Fund    Institutional Class    280
Empower Government Money Market Fund    Investor Class    1,784
Empower Government Money Market Fund    Institutional Class    1,200
Empower High Yield Bond Fund    Investor Class    160
Empower High Yield Bond Fund    Institutional Class    170
Empower Inflation-Protected Securities Fund    Investor Class    30
Empower Inflation-Protected Securities Fund    Institutional Class    250
Empower International Growth Fund    Investor Class    20
Empower International Growth Fund    Institutional Class    200
Empower International Index Fund    Investor Class    285
Empower International Index Fund    Institutional Class    300
Empower International Value Fund    Investor Class    115
Empower International Value Fund    Institutional Class    460

Previous Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in millions)
Empower Large Cap Growth Fund    Investor Class    100
Empower Large Cap Growth Fund    Institutional Class    300
Empower Large Cap Value Fund    Investor Class    80
Empower Large Cap Value Fund    Investor II Class    55
Empower Large Cap Value Fund    Institutional Class    600
Empower Lifetime 2015 Fund    Investor Class    230
Empower Lifetime 2015 Fund    Service Class    120
Empower Lifetime 2015 Fund    Institutional Class    30
Empower Lifetime 2020 Fund    Investor Class    210
Empower Lifetime 2020 Fund    Service Class    25
Empower Lifetime 2020 Fund    Institutional Class    22
Empower Lifetime 2025 Fund    Investor Class    250
Empower Lifetime 2025 Fund    Service Class    235
Empower Lifetime 2025 Fund    Institutional Class    130
Empower Lifetime 2030 Fund    Investor Class    205
Empower Lifetime 2030 Fund    Service Class    20
Empower Lifetime 2030 Fund    Institutional Class    75
Empower Lifetime 2035 Fund    Investor Class    220
Empower Lifetime 2035 Fund    Service Class    230
Empower Lifetime 2035 Fund    Institutional Class    140
Empower Lifetime 2040 Fund    Investor Class    140
Empower Lifetime 2040 Fund    Service Class    35
Empower Lifetime 2040 Fund    Institutional Class    20
Empower Lifetime 2045 Fund    Investor Class    135
Empower Lifetime 2045 Fund    Service Class    170
Empower Lifetime 2045 Fund    Institutional Class    110
Empower Lifetime 2050 Fund    Investor Class    65
Empower Lifetime 2050 Fund    Service Class    35
Empower Lifetime 2050 Fund    Institutional Class    15
Empower Lifetime 2055 Fund    Investor Class    35
Empower Lifetime 2055 Fund    Service Class    105
Empower Lifetime 2055 Fund    Institutional Class    105
Empower Lifetime 2060 Fund    Investor Class    35
Empower Lifetime 2060 Fund    Service Class    35
Empower Lifetime 2060 Fund    Institutional Class    10
Empower Mid Cap Value Fund    Investor Class    120

Previous Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in millions)
Empower Mid Cap Value Fund    Institutional Class    350
Empower Moderate Profile Fund    Investor Class    950
Empower Moderate Profile Fund    Class L    130
Empower Moderate Profile Fund    Institutional Class    85
Empower Moderately Aggressive Profile Fund    Investor Class    470
Empower Moderately Aggressive Profile Fund    Institutional Class    75
Empower Moderately Conservative Profile Fund    Investor Class    380
Empower Moderately Conservative Profile Fund    Class L    70
Empower Moderately Conservative Profile Fund    Institutional Class    60
Empower Multi-Sector Bond Fund    Investor Class    100
Empower Multi-Sector Bond Fund    Institutional Class    295
Empower Real Estate Index Fund    Investor Class    135
Empower Real Estate Index Fund    Institutional Class    200
Empower S&P 500® Index Fund    Investor Class    500
Empower S&P 500® Index Fund    Institutional Class    550
Empower S&P Mid Cap 400® Index Fund    Investor Class    200
Empower S&P Mid Cap 400® Index Fund    Class L    10
Empower S&P Mid Cap 400® Index Fund    Institutional Class    250
Empower S&P Small Cap 600® Index Fund    Investor Class    240
Empower S&P Small Cap 600® Index Fund    Class L    10
Empower S&P Small Cap 600® Index Fund    Institutional Class    200
Empower SecureFoundation® Balanced Fund    Investor Class    190
Empower SecureFoundation® Balanced Fund    Service Class    30
Empower SecureFoundation® Balanced Fund    Class L    140
Empower SecureFoundation® Balanced Fund    Institutional Class    100
Empower SecureFoundation® Balanced ETF Fund    Class A    20
Empower Short Duration Bond Fund    Investor Class    40
Empower Short Duration Bond Fund    Institutional Class    175
Empower Small Cap Growth Fund    Investor Class    15
Empower Small Cap Growth Fund    Institutional Class    60
Empower Small Cap Value Fund    Investor Class    15
Empower Small Cap Value Fund    Institutional Class    250
Empower T. Rowe Price Mid Cap Growth Fund    Investor Class    125
Empower T. Rowe Price Mid Cap Growth Fund    Institutional Class    540
Empower U.S. Government Securities Fund    Investor Class    150
Empower U.S. Government Securities Fund    Institutional Class    115

Previous Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in millions)
           
Unclassified Capital Stock:         1,685
           
Total:         23,000

As supplemented hereby, the Corporation’s Articles of Amendment and Restatement authorize the issuance of twenty-three billion (23,000,000,000) shares of common stock of the par value of $0.10 per share and of the aggregate par value of two billion three hundred million dollars ($2,300,000,000), classified as follows:

 

Current Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
Empower Aggressive Profile Fund    Investor Class    430
Empower Aggressive Profile Fund    Institutional Class    85
Empower Ariel Mid Cap Value Fund    Investor Class    400
Empower Ariel Mid Cap Value Fund    Institutional Class    30
Empower Bond Index Fund    Investor Class    600
Empower Bond Index Fund    Institutional Class    430
Empower Conservative Profile Fund    Investor Class    600
Empower Conservative Profile Fund    Class L    120
Empower Conservative Profile Fund    Institutional Class    30
Empower Core Bond Fund    Investor Class    40
Empower Core Bond Fund    Institutional Class    210
Empower Core Strategies: Flexible Bond Fund    Investor Class    780
Empower Core Strategies: Flexible Bond Fund    Institutional Class    15
Empower Core Strategies: Inflation-Protected Securities Fund    Investor Class    200
Empower Core Strategies: Inflation-Protected Securities Fund    Institutional Class    20
Empower Core Strategies: International Equity Fund    Investor Class    199
Empower Core Strategies: International Equity Fund    Institutional Class    25
Empower Core Strategies: U.S. Equity Fund    Investor Class    200
Empower Core Strategies: U.S. Equity Fund    Institutional Class    25
Empower Emerging Markets Equity Fund    Investor Class    185
Empower Emerging Markets Equity Fund    Institutional Class    180
Empower Global Bond Fund    Investor Class    35
Empower Global Bond Fund    Institutional Class    280

Current Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
Empower Government Money Market Fund    Investor Class    1,784
Empower Government Money Market Fund    Institutional Class    1,200
Empower High Yield Bond Fund    Investor Class    160
Empower High Yield Bond Fund    Institutional Class    170
Empower Inflation-Protected Securities Fund    Investor Class    30
Empower Inflation-Protected Securities Fund    Institutional Class    250
Empower International Growth Fund    Investor Class    20
Empower International Growth Fund    Institutional Class    200
Empower International Index Fund    Investor Class    285
Empower International Index Fund    Institutional Class    300
Empower International Value Fund    Investor Class    200
Empower International Value Fund    Institutional Class    460
Empower Large Cap Growth Fund    Investor Class    200
Empower Large Cap Growth Fund    Institutional Class    300
Empower Large Cap Value Fund    Investor Class    80
Empower Large Cap Value Fund    Investor II Class    55
Empower Large Cap Value Fund    Institutional Class    600
Empower Lifetime 2015 Fund    Investor Class    230
Empower Lifetime 2015 Fund    Service Class    120
Empower Lifetime 2015 Fund    Institutional Class    30
Empower Lifetime 2020 Fund    Investor Class    210
Empower Lifetime 2020 Fund    Service Class    25
Empower Lifetime 2020 Fund    Institutional Class    22
Empower Lifetime 2025 Fund    Investor Class    250
Empower Lifetime 2025 Fund    Service Class    235
Empower Lifetime 2025 Fund    Institutional Class    130
Empower Lifetime 2030 Fund    Investor Class    205
Empower Lifetime 2030 Fund    Service Class    20
Empower Lifetime 2030 Fund    Institutional Class    75
Empower Lifetime 2035 Fund    Investor Class    220
Empower Lifetime 2035 Fund    Service Class    230
Empower Lifetime 2035 Fund    Institutional Class    140
Empower Lifetime 2040 Fund    Investor Class    140
Empower Lifetime 2040 Fund    Service Class    35
Empower Lifetime 2040 Fund    Institutional Class    20

Current Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
Empower Lifetime 2045 Fund    Investor Class    135
Empower Lifetime 2045 Fund    Service Class    170
Empower Lifetime 2045 Fund    Institutional Class    110
Empower Lifetime 2050 Fund    Investor Class    65
Empower Lifetime 2050 Fund    Service Class    35
Empower Lifetime 2050 Fund    Institutional Class    15
Empower Lifetime 2055 Fund    Investor Class    35
Empower Lifetime 2055 Fund    Service Class    105
Empower Lifetime 2055 Fund    Institutional Class    105
Empower Lifetime 2060 Fund    Investor Class    35
Empower Lifetime 2060 Fund    Service Class    35
Empower Lifetime 2060 Fund    Institutional Class    10
Empower Mid Cap Value Fund    Investor Class    120
Empower Mid Cap Value Fund    Institutional Class    350
Empower Moderate Profile Fund    Investor Class    950
Empower Moderate Profile Fund    Class L    130
Empower Moderate Profile Fund    Institutional Class    85
Empower Moderately Aggressive Profile Fund    Investor Class    470
Empower Moderately Aggressive Profile Fund    Institutional Class    75
Empower Moderately Conservative Profile Fund    Investor Class    380
Empower Moderately Conservative Profile Fund    Class L    70
Empower Moderately Conservative Profile Fund    Institutional Class    60
Empower Multi-Sector Bond Fund    Investor Class    200
Empower Multi-Sector Bond Fund    Institutional Class    295
Empower Real Estate Index Fund    Investor Class    135
Empower Real Estate Index Fund    Institutional Class    200
Empower S&P 500® Index Fund    Investor Class    500
Empower S&P 500® Index Fund    Institutional Class    550
Empower S&P Mid Cap 400® Index Fund    Investor Class    200
Empower S&P Mid Cap 400® Index Fund    Class L    10
Empower S&P Mid Cap 400® Index Fund    Institutional Class    250
Empower S&P Small Cap 600® Index Fund    Investor Class    240
Empower S&P Small Cap 600® Index Fund    Class L    10
Empower S&P Small Cap 600® Index Fund    Institutional Class    200
Empower SecureFoundation® Balanced Fund    Investor Class    190

Current Classification of Shares
Series/Portfolio    Class    Authorized Shares
(expressed in
millions)
Empower SecureFoundation® Balanced Fund    Service Class    30
Empower SecureFoundation® Balanced Fund    Class L    140
Empower SecureFoundation® Balanced Fund    Institutional Class    100
Empower SecureFoundation® Balanced ETF Fund    Class A    20
Empower Short Duration Bond Fund    Investor Class    40
Empower Short Duration Bond Fund    Institutional Class    175
Empower Small Cap Growth Fund    Investor Class    15
Empower Small Cap Growth Fund    Institutional Class    60
Empower Small Cap Value Fund    Investor Class    15
Empower Small Cap Value Fund    Institutional Class    250
Empower T. Rowe Price Mid Cap Growth Fund    Investor Class    125
Empower T. Rowe Price Mid Cap Growth Fund    Institutional Class    540
Empower U.S. Government Securities Fund    Investor Class    150
Empower U.S. Government Securities Fund    Institutional Class    115
           
Unclassified Capital Stock:         950
           
Total:         23,000

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 21, 2022.

[remainder of page intentionally left blank]

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.

 

EMPOWER FUNDS, INC.

By:

  

/s/ Jonathan Kreider

Name:

  

Jonathan Kreider

Title:

  

President & Chief Executive Officer

 

ATTEST:

By:

  

/s/ Ryan L. Logsdon

Name:

  

Ryan L. Logsdon

Title:

  

Chief Legal Officer & Secretary