Great-West Investments named top manager for asset allocation strategies

Great-West Aggressive Profile II Fund takes top Lipper honors for third consecutive year

GREENWOOD VILLAGE, Colorado., April 10, 2017 — Great-West Investments today announced that Great-West Aggressive Profile II Fund has received a Thomson Reuters Lipper Fund Award as the top performing fund in the Mixed-Asset Target Allocation Aggressive Growth Funds category for three-, five- and 10-year periods, ending Nov. 30, 2016.

The Lipper Fund Awards honor individual mutual funds that excel in delivering consistently strong, risk-adjusted performance relative to their peers based on Lipper’s proprietary performance-based methodology.

“In a competitive defined-contribution investment landscape, with increased discipline being applied by plan fiduciaries, we believe this is great validation for our strategies,” said David Musto, President of Great-West Investments. “We’re honored that one of the industry’s leading independent rating systems has recognized Great-West Investments for the third consecutive year.”

The Great-West Aggressive Profile II Fund (MXAPX) seeks long-term capital appreciation primarily through investment in underlying funds that emphasize equity investments. The fund received the top honor for the three-year period out of 146 funds, the five-year period out of 123 funds and the 10-year period out of 91 funds in the Mixed-Asset Target Allocation Aggressive Growth Funds category.

Great-West Investments also manages the Great-West Lifetime target date funds. Each vintage of the Lifetime Funds is currently outperforming its respective Morningstar® category average1 over the one, three and five year periods through 12/31/2016. Past performance is not an indication of future results.

The Thomson Reuters Lipper Fund Awards take place in more than 20 countries in Asia, Europe, MENA, and the Americas. The award winners are formally announced between January and April. Ceremonies take place in select countries. Thomson Reuters Lipper Analytical Services ranks mutual funds based on each fund's objective within the respective Lipper category. Lipper ranking does not account for sales charges and is based on total return.

About Great-West Financial

From its headquarters in Greenwood Village, Colorado, Great-West Investments creates and delivers investment solutions for investors, advisors and the retirement market. Great-West Investments includes Great-West Funds, Inc., Great–West Capital Management, LLC, and Advised Assets Group, LLC, the latter two being registered investment advisers. Great West Investments has more than $93 billion under management or supervision in mutual funds, managed accounts, capital preservation products, and retirement income solutions, as of 12/31/2016. For more information please visit www.Greatwest.com.

Investment Risk: Great-West Aggressive Profile II Fund: Asset allocation investment options are subject to the risks of the underlying funds, which can be a mix of domestic and international stock funds. For more information, see the prospectus.

Great-West Lifetime Funds: Asset allocation investment options are subject to the risks of the underlying funds, which can be a mix of domestic and international stock funds. For more information, see the prospectus. The date in a target date fund’s name is the approximate date when investors plan to start withdrawing their money (which is assumed to be at age 65). The principal value of the fund(s) is not guaranteed at any time, including at the time of the target date and/or withdrawal.

Please consider the investment objectives, risks, fees and expenses carefully before investing. For this and other important information about the funds, you may obtain mutual fund prospectuses from your registered representative or www.greatwestfunds.com. Read them carefully before investing.

The principal underwriter of Great-West Funds, Inc. is GWFS Equities, Inc., Member FINRA/SIPC, a wholly owned subsidiary of Great-West Life & Annuity Insurance Company (GWL&A). Great-West Capital Management, LLC (GWCM) is the investment adviser. Shares of the series of Great-West Funds, Inc. are not available to the general public but are offered only to insurance company separate accounts for certain variable annuity contracts and variable life policies, to individual retirement account (IRA) custodians or trustees, to plan sponsors of qualified retirement plans and to college savings programs.

The Great-West Profile Funds and the Great-West Lifetime Funds may invest in funds advised by GWCM, funds that are sub-advised by affiliated and unaffiliated sub-advisers retained by GWCM or funds that are advised by affiliated and unaffiliated investment advisers of GWCM or in a fixed-interest contract issued and guaranteed by GWL&A.

Great-West Financial® and Great-West Investments refer to the investment, insurance and investment advisory products and services offered by GWL&A, Corporate Headquarters: Greenwood Village, CO; Great-West Life & Annuity Insurance Company of New York (GWL&A of NY), Home Office: NY, NY, and their subsidiaries and affiliates, including Advised Assets Group, LLC, GWCM and Great-West Funds, Inc. The trademarks, logos, service marks and design elements used are owned by GWL&A.

Media Contact:

Stephen Gawlik | Office: 303-737-0899 | Cell: 617-417-4408

1Categories include: Morningstar Category US Fund Target-Date 2015; Morningstar Category US Fund Target-Date 2025; Morningstar Category US Fund Target-Date 2035; Morningstar Category US Fund Target-Date 2045; Morningstar Category US Fund Target-Date 2055