diff --git a/example/functions.yaml b/example/functions.yaml
index deaca92..d31039e 100644
--- a/example/functions.yaml
+++ b/example/functions.yaml
@@ -7,7 +7,7 @@ metadata:
     # This tells crossplane beta render to connect to the function locally.
     render.crossplane.io/runtime: Development
 spec:
-  package: xpkg.upbound.io/upbound/function-msgraph:v0.4.0
+  package: xpkg.upbound.io/upbound/function-msgraph:v0.5.0
 ---
 apiVersion: pkg.crossplane.io/v1beta1
 kind: Function