GuidePath® Growth Allocation Fund | | | |
| Schedule of Investments (Unaudited) | | | |
| December 31, 2019 | | | |
| | | | |
| Number of Shares | | | | Value | |
| | | INVESTMENT COMPANIES - 98.83% | | | |
| | | Exchange Traded Funds - 70.24% | | | |
| | 967,670 | | iShares Core MSCI Emerging Markets ETF | | $ | 52,021,939 | |
| | 561,124 | | iShares Core S&P Small-Cap ETF (a) | | | 47,050,247 | |
| | 446,951 | | iShares MSCI Canada ETF (a) | | | 13,359,365 | |
| | 188,438 | | iShares MSCI Switzerland ETF | | | 7,658,120 | |
| | 1,284,810 | | Schwab U.S. Large-Cap ETF (a) | | | 98,686,256 | |
| | 499,607 | | Schwab U.S. Large-Cap Growth ETF (a) | | | 46,418,486 | |
| | 320,286 | | SPDR S&P 600 Small Cap Growth ETF (a) | | | 20,664,853 | |
| | 200,527 | | SPDR S&P China ETF (a) | | | 20,584,097 | |
| | 103,705 | | Vanguard FTSE All World ex-US Small-Cap ETF | | | 11,521,626 | |
| | 2,202,792 | | Vanguard FTSE Developed Markets ETF (a) | | | 97,055,016 | |
| | 114,447 | | Vanguard Global ex-U.S. Real Estate ETF | | | 6,762,673 | |
| | 142,491 | | Vanguard Real Estate ETF (a) | | | 13,221,740 | |
| | 256,859 | | Vanguard Russell 1000 Growth ETF (a) | | | 46,473,499 | |
| | 73,738 | | Vanguard Russell 2000 Growth | | | 11,489,855 | |
| | 535,577 | | Vanguard S&P 500 ETF (a) | | | 158,423,677 | |
| | 62,271 | | Vanguard Value ETF (a) | | | 7,463,179 | |
| | | | | | | 658,854,628 | |
| | | | Mutual Funds - 28.59% | | | | |
| | 1,389,537 | | AMCAP Fund - Class F3 | | | 46,702,329 | |
| | 1,261,199 | | American Funds - EuroPacific Growth Fund - Class F3 | | | 70,135,284 | |
| | 753,057 | | American Funds - Fundamental Investors - Class F3 | | | 46,689,547 | |
| | 387,087 | | American Funds - SMALLCAP World Fund, Inc. - Class F3 | | | 23,035,556 | |
| | 911,193 | | American Funds - The Growth Fund of America - Class F3 | | | 46,552,839 | |
| | 885,985 | | American Funds - The Investment Company of America - Class F3 | | | 35,040,711 | |
| | | | | | | 268,156,266 | |
| | | | Total Investment Companies (Cost $743,802,313) | | | 927,010,894 | |
| | | | | | | | |
| | | | SHORT TERM INVESTMENTS - 0.44% | | | | |
| | | | Money Market Funds - 0.44% | | | | |
| | 4,164,857 | | DWS Government Money Market Series - Institutional Shares | | | | |
| | | | Effective Yield, 1.55% (b) | | | 4,164,857 | |
| | | | Total Short Term Investments (Cost $4,164,857) | | | 4,164,857 | |
| | | | | | | | |
| | | | INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 11.39% | | | | |
| | 106,848,247 | | Mount Vernon Liquid Assets Portfolio, LLC | | | | |
| | | | Effective Yield, 1.80% (b) | | | 106,848,247 | |
| | | | Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $106,848,247) | | | 106,848,247 | |
| | | | | | | | |
| | | | Total Investments (Cost $854,815,417) - 110.66% | | | 1,038,023,998 | |
| | | | Liabilities in Excess of Other Assets - (10.66)% | | | (99,989,288 | ) |
| | | | TOTAL NET ASSETS - 100.00% | | $ | 938,034,710 | |
| | | | | | | | |
| 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. | | | | |
