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GuidePath® Growth Allocation Fund

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Supplement [Text Block]

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GPS FUNDS II

GuidePath^® Growth Allocation Fund

SUPPLEMENT TO THE PROSPECTUS

DATED JULY 31, 2016

The date of this supplement is June 1, 2017

Risk/Return [Heading]

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GuidePath® Growth Allocation Fund

Strategy Narrative [Text Block]

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1. The fourth sentence in the fifth paragraph of the "Principal Investment Strategies of the Fund" section of the Prospectus for the GuidePath^® Growth Allocation Fund (the "Fund") is amended as follows:

Under normal market conditions, the Fund is expected to allocate approximately 98% of its assets to equity securities or investments that provide exposure to equity securities and 2% of its assets to fixed income securities or investments that provide exposure to fixed income securities, including cash equivalents.

SHAREHOLDERS SHOULD RETAIN THIS SUPPLEMENT FOR FUTURE REFERENCE