GPS Funds II
Fund			Service Shares Ticker			RS Shares Ticker			Fund Ticker
GuidePath® Growth Allocation Fund			GPSTX			GGAFX			—
GuidePath® Conservative Allocation Fund			GPTCX			GCANX			—
GuidePath® Tactical Allocation Fund			GPTUX			GTCRX			—
GuidePath® Absolute Return Allocation Fund			GPARX			GABRX			—
GuidePath® Multi-Asset Income Allocation Fund			GPMIX			GMZGX			—
GuidePath® Flexible Income Allocation Fund			GPIFX			GFZQX			—
GuidePath® Conservative Income Fund			—			—			GPICX
GuidePath® Income Fund			—			—			GPINX
GuidePath® Growth and Income Fund			—			—			GPIGX

(each, a “Fund” and collectively, the “Funds”)

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Supplement dated October 16, 2026

to the Funds’ Statement of Additional Information (“SAI”)

dated July 31, 2026, as amended

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Capitalized terms and certain other terms used herein, unless otherwise defined, have the meanings assigned to them in the SAI.

The following text is hereby appended to the second paragraph under the “Investment Restrictions GPS Funds I” and “Investment Restrictions GPS Funds II” headings, on pages 3 and 4, respectively, in the Statement of Additional Information:

For the purposes of applying the Funds’ fundamental investment restriction relating to concentration, the Adviser or a sub-advisor may analyze the characteristics of any particular investment and may assign an industry or sub-industry classification consistent with those characteristics. The Adviser or a sub-advisor may, but need not, consider industry or sub-industry classifications published by third parties (such as the S&P Dow Jones Indices and MSCI Inc. Global Industry Classification Standard (“GICS”), FactSet Revere Business Industry Classification System (“RBICS”), or any other) or other sources when classifying investments for purposes of implementing a Fund's concentration policy. A Fund may use other classification titles, standards and systems from time to time, as determined in the Adviser’s or sub-advisor’s discretion. The Adviser or sub-advisor may classify and re-classify companies in a particular industry or sub-industry and define and re-define industries and sub-industries in any reasonable manner, consistent with SEC guidance. Accordingly, the composition of an industry or group of industries may change from time to time. The policy will be interpreted to give broad authority to the Adviser or sub-advisor as to how to classify issuers.

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