GuidePath® Multi-Asset Income Allocation Fund | | | |
| Schedule of Investments (Unaudited) | | | |
| December 31, 2019 | | | | | |
| | | | | | |
| Number of Shares | | | | Value | |
| | | INVESTMENT COMPANIES - 98.69% | | | |
| | | Exchange Traded Funds - 81.86% | | | |
| | 107,101 | | Global X MLP ETF | | $ | 843,956 | |
| | 225,513 | | Global X US Preferred ETF (a) | | | 5,644,590 | |
| | 227,594 | | iShares 0-5 Year High Yield Corporate Bond ETF (a) | | | 10,567,189 | |
| | 11,941 | | iShares 7-10 Year Treasury Bond ETF | | | 1,316,137 | |
| | 36,809 | | iShares 20+ Year Treasury Bond ETF (a) | | | 4,986,883 | |
| | 43,543 | | iShares Currency Hedged MSCI Eurozone ETF (a) | | | 1,383,797 | |
| | 153,154 | | iShares Emerging Markets Dividend ETF (a) | | | 6,221,115 | |
| | 16,591 | | iShares iBoxx $ Investment Grade Corporate Bond ETF (a) | | | 2,122,984 | |
| | 62,825 | | iShares MBS ETF | | | 6,788,870 | |
| | 83,702 | | iShares Preferred & Income Securities ETF (a) | | | 3,146,358 | |
| | 128,372 | | SPDR Portfolio Aggregate Bond ETF (a) | | | 3,771,569 | |
| | 81,152 | | SPDR Portfolio Long Term Corporate Bond ETF | | | 2,443,487 | |
| | 776,790 | | SPDR Portfolio S&P 500 High Dividend ETF | | | 30,652,133 | |
| | 29,093 | | SPDR Portfolio Short Term Corporate Bond ETF | | | 897,228 | |
| | 19,940 | | SPDR S&P Global Dividend ETF (a) | | | 1,424,605 | |
| | 31,739 | | SPDR S&P Global Infrastructure ETF (a) | | | 1,746,915 | |
| | 45,445 | | Vanguard Emerging Markets Government Bond ETF | | | 3,699,677 | |
| | 19,286 | | Vanguard Global ex-U.S. Real Estate ETF | | | 1,139,610 | |
| | 29,512 | | Vanguard Intermediate-Term Corporate Bond ETF | | | 2,695,331 | |
| | 237,177 | | Vanguard International High Dividend Yield ETF (a) | | | 15,153,239 | |
| | 28,630 | | Vanguard Real Estate ETF (a) | | | 2,656,578 | |
| | 2,882 | | Vanguard S&P 500 ETF | | | 852,496 | |
| | 148,137 | | WisdomTree U.S. SmallCap Dividend Fund (a) | | | 4,248,569 | |
| | | | | | | 114,403,316 | |
| | | | Mutual Funds - 16.83% | | | | |
| | 182,898 | | BlackRock Strategic Income Opportunities Portfolio | | | 1,823,497 | |
| | 281,435 | | Loomis Sayles Global Allocation Fund | | | 6,968,337 | |
| | 830,842 | | T. Rowe Price Institutional Floating Rate Fund | | | 8,217,026 | |
| | 1,092,241 | | Vanguard High-Yield Corporate Fund | | | 6,509,756 | |
| | | | | | | 23,518,616 | |
| | | | Total Investment Companies (Cost $128,505,093) | | | 137,921,932 | |
| | | | | | | | |
| | | | SHORT TERM INVESTMENTS - 0.45% | | | | |
| | | | Money Market Funds - 0.45% | | | | |
| | 635,142 | | DWS Government Money Market Series - Institutional Shares | | | | |
| | | | Effective Yield, 1.55% (b) | | | 635,142 | |
| | | | Total Short Term Investments (Cost $635,142) | | | 635,142 | |
| | | | | | | | |
| | | | INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 22.90% | | | | |
| | 31,996,851 | | Mount Vernon Liquid Assets Portfolio, LLC | | | | |
| | | | Effective Yield, 1.80% (b) | | | 31,996,851 | |
| | | | Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $31,996,851) | | | 31,996,851 | |
| | | | | | | | |
| | | | Total Investments (Cost $161,137,086) - 122.04% | | | 170,553,925 | |
| | | | Liabilities in Excess of Other Assets - (22.04)% | | | (30,802,148 | ) |
| | | | TOTAL NET ASSETS - 100.00% | | $ | 139,751,777 | |
| | | | | | | | |
| 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. | | | | |
