GuidePath® Flexible Income Allocation Fund | | | |
| Schedule of Investments (Unaudited) | | | |
| December 31, 2019 | | | |
| | | | |
| Number of Shares | | | | Value | |
| | | INVESTMENT COMPANIES - 98.63% | | | |
| | | Exchange Traded Funds - 69.87% | | | |
| | 249,669 | | Invesco Fundamental High Yield Corporate Bond ETF (a) | | $ | 4,808,625 | |
| | 102,620 | | iShares 0-5 Year High Yield Corporate Bond ETF (a) | | | 4,764,647 | |
| | 193,542 | | iShares iBoxx High Yield Corporate Bond ETF (a) | | | 17,020,083 | |
| | 210,100 | | SPDR Bloomberg Barclays High Yield Bond ETF (a) | | | 23,014,353 | |
| | 176,490 | | SPDR Bloomberg Barclays Short Term High Yield Bond ETF | | | 4,754,641 | |
| | 261,753 | | Xtrackers USD High Yield Corporate Bond ETF | | | 13,184,499 | |
| | | | | | | 67,546,848 | |
| | | | Mutual Funds - 28.76% | | | | |
| | 3,011,803 | | BlackRock High Yield Portfolio - Institutional Shares | | | 23,401,711 | |
| | 737,191 | | Vanguard High-Yield Corporate Fund | | | 4,393,657 | |
| | | | | | | 27,795,368 | |
| | | | Total Investment Companies (Cost $94,673,548) | | | 95,342,216 | |
| | | | | | | | |
| | | | SHORT TERM INVESTMENTS - 0.66% | | | | |
| | | | Money Market Funds - 0.66% | | | | |
| | 636,941 | | DWS Government Money Market Series - Institutional Shares | | | | |
| | | | Effective Yield, 1.55% (b) | | | 636,941 | |
| | | | Total Short Term Investments (Cost $636,941) | | | 636,941 | |
| | | | | | | | |
| | | | INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 28.93% | | | | |
| | 27,960,998 | | Mount Vernon Liquid Assets Portfolio, LLC | | | | |
| | | | Effective Yield, 1.80% (b) | | | 27,960,998 | |
| | | | Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $27,960,998) | | | 27,960,998 | |
| | | | | | | | |
| | | | Total Investments (Cost $123,271,487) - 128.22% | | | 123,940,155 | |
| | | | Liabilities in Excess of Other Assets - (28.22)% | | | (27,281,568 | ) |
| | | | TOTAL NET ASSETS - 100.00% | | $ | 96,658,587 | |
| | | | | | | | |
| 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. | | | | |
