GPS Funds II NPORT-P GuidePath Conservative Allocation Fund (Jun 2020 report)

GuidePath® Conservative Allocation Fund
Schedule of Investments (Unaudited)
June 30, 2020
Number of Shares			Value
		INVESTMENT COMPANIES - 98.81%
		Exchange Traded Funds - 71.03%
	94,553	iShares 1-3 Year Treasury Bond ETF	$	8,189,235
	54,323	iShares 3-7 Year Treasury Bond ETF (a)		7,261,355
	73,782	iShares 7-10 Year Treasury Bond ETF		8,991,812
	164,941	iShares Broad USD Investment Grade Corporate Bond ETF		9,965,735
	306,317	iShares Core Aggressive Allocation ETF		16,810,677
	464,824	iShares Core Growth Allocation ETF		21,563,185
	66,584	iShares Core MSCI Emerging Markets ETF		3,169,398
	72,993	iShares Core MSCI Europe ETF		3,121,181
	170,469	iShares Core S&P Small-Cap ETF (a)		11,641,328
	38,444	iShares Core U.S. Aggregate Bond ETF		4,544,465
	118,615	iShares Edge MSCI Min Vol USA ETF (a)		7,191,628
	18,676	iShares iBoxx High Yield Corporate Bond ETF (a)		1,524,335
	28,035	iShares J.P. Morgan USD Emerging Markets Bond ETF		3,061,983
	55,628	iShares Long-Term Corporate Bond ETF (a)		3,896,185
	65,838	iShares MSCI Canada ETF (a)		1,703,888
	95,822	iShares MSCI Switzerland ETF (a)		3,733,225
	127,183	Principal Active Income ETF		4,594,677
	104,282	SPDR Bloomberg Barclays High Yield Bond ETF		10,549,167
	57,681	SPDR Bloomberg Barclays International Treasury Bond ETF (a)		1,667,558
	24,649	SPDR Gold Shares (b)		4,125,503
	103,317	SPDR Portfolio TIPS ETF (a)		3,113,974
	35,645	SPDR S&P China ETF		3,739,873
	316,274	Vanguard FTSE Developed Markets ETF		12,268,269
	36,908	Vanguard Global ex-U.S. Real Estate ETF		1,722,127
	180,593	Vanguard High Dividend Yield ETF		14,227,117
	98,251	Vanguard Long-Term Treasury ETF		9,834,925
	494,580	Vanguard Mortgage-Backed Securities ETF		26,890,315
	36,614	Vanguard Real Estate ETF (a)		2,875,297
	65,726	Vanguard S&P 500 ETF (a)		18,628,720
	11,162	Vanguard Total Bond Market ETF		986,051
	39,918	Vanguard Value ETF		3,975,434
				235,568,622
		Mutual Funds - 27.78%
	358,601	American Funds - Capital Income Builder - Class F3		20,590,855
	1,333,136	American Funds - High-Income Trust - Class F3		12,331,508
	321,502	American Funds - Intermediate Bond Fund of America - Class F2		4,546,043
	365,729	American Funds - Mutual Fund - Class F3		14,526,771
	325,979	American Funds - The Bond Fund of America - Class F2		4,560,446
	973,501	American Funds - The Income Fund of America - Class F3		20,433,777
	326,644	American Funds - U.S. Government Securities Fund - Class F3		4,870,259
	1,830,538	Vanguard High-Yield Corporate Fund - Admiral Shares		10,269,316
				92,128,975
		Total Investment Companies (Cost $305,405,877)		327,697,597
		SHORT TERM INVESTMENTS - 0.98%
		Money Market Funds - 0.98%
	3,254,109	DWS Government Money Market Series - Institutional Shares
		Effective Yield, 0.12% (c)		3,254,109
		Total Short Term Investments (Cost $3,254,109)		3,254,109
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 16.24%
		Investments Purchased with Proceeds from Securities Lending - 16.24%
	53,865,681	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 0.33% (c)		53,865,681
		Total Investments Purchased with Proceeds from Securities Lending (Cost $53,865,681)		53,865,681
		Total Investments (Cost $362,525,667) - 116.03%		384,817,387
		Liabilities in Excess of Other Assets - (16.03)%		(53,174,892	)
		TOTAL NET ASSETS - 100.00%	$	331,642,495
Percentages are stated as a percent of net assets.

(a)	All or portion of this security is on loan.
(b)	Non-income producing security.
(c)	Seven-day yield as of June 30, 2020.