GuidePath® Conservative Income Fund | | | |
| Schedule of Investments (Unaudited) | | | |
| December 31, 2019 | | | |
| | | | | | |
| Number of Shares | | | | Value | |
| | | INVESTMENT COMPANIES - 50.55% | | | |
| | | Exchange Traded Funds - 50.55% | | | |
| | 19,810 | | Invesco Senior Loan ETF | | $ | 452,064 | |
| | 9,723 | | iShares 0-5 Year High Yield Corporate Bond ETF (a) | | | 451,439 | |
| | 29,851 | | iShares 0-5 Year Investment Grade Corporate Bond ETF (a)(c) | | | 1,523,596 | |
| | 5,957 | | iShares 0-5 Year TIPS Bond ETF | | | 599,929 | |
| | | | Total Investment Companies (Cost $3,014,073) | | | 3,027,028 | |
| | | | | | | | |
| | | | SHORT TERM INVESTMENTS - 49.32% | | | | |
| | | | Money Market Funds - 42.85% | | | | |
| | | | DWS Government Money Market Series - Institutional Shares | | | | |
| | 2,566,010 | | Effective Yield, 1.55% (b) | | | 2,566,010 | |
| | | | | | | | |
| Principal Amount | | | | | | |
| | | | U.S. Treasury Notes - 6.47% | | | | |
| $ | 102,000 | | 1.625%, 03/15/2020 | | | 101,994 | |
| | 85,000 | | 1.500%, 06/15/2020 | | | 84,973 | |
| | 100,000 | | 1.375%, 09/15/2020 | | | 99,824 | |
| | 100,000 | | 2.500%, 12/31/2020 | | | 100,846 | |
| | | | | | | 387,637 | |
| | | | Total Short Term Investments (Cost $2,953,506) | | | 2,953,647 | |
| | | | | | | | |
| Number of Shares | | | | | | |
| | | | INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 26.61% | | | | |
| | 1,593,483 | | Mount Vernon Liquid Assets Portfolio, LLC | | | | |
| | | | Effective Yield, 1.80% (b)(c) | | | 1,593,483 | |
| | | | Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $1,593,483) | | | 1,593,483 | |
| | | | | | | | |
| | | | Total Investments (Cost $7,561,062) - 126.48% | | | 7,574,158 | |
| | | | Liabilities in Excess of Other Assets - (26.48)% | | | (1,585,727 | ) |
| | | | TOTAL NET ASSETS - 100.00% | | $ | 5,988,431 | |
| | | | | | | | |
| Percentages are stated as a percent of net assets. | | | | |
| (a) | | All or portion of this security is on loan. | | | | |
| (b) | | Seven-day yield as of December 31, 2019. | | | | |
| (c) | | Fair value of this security exceeds 25% of the Fund's net assets. Additional information for this security, including the financial statements, is available from the SEC's EDGAR database at www.sec.gov. | | | | |
