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

GuidePath® Tactical Allocation Fund
Schedule of Investments (Unaudited)
June 30, 2020
Number of Shares			Value
		COMMON STOCKS - 40.12%
		Biotechnology - 2.25%
	28,098	Biogen, Inc. (b)	$	7,517,620
	22,317	Gilead Sciences, Inc.		1,717,070
				9,234,690
		Building Products - 0.46%
	29,470	Fortune Brands Home & Security, Inc.		1,884,017
		Capital Markets - 5.30%
	11,937	Ameriprise Financial, Inc.		1,791,027
	29,579	FactSet Research Systems, Inc. (a)		9,715,814
	8,693	MarketAxess Holdings, Inc.		4,354,498
	5,085	MSCI, Inc.		1,697,475
	12,702	S&P Global, Inc.		4,185,055
				21,743,869
		Chemicals - 0.45%
	26,394	Eastman Chemical Co.		1,838,078
		Communications Equipment - 0.41%
	30,963	Ciena Corp. (b)		1,676,956
		Diversified Telecommunication Services - 1.04%
	140,596	AT&T, Inc.		4,250,217
		Entertainment - 1.43%
	22,790	Activision Blizzard, Inc.		1,729,761
	31,330	Electronic Arts, Inc. (b)		4,137,126
				5,866,887
		Food Products - 0.41%
	13,106	Hershey Co.		1,698,800
		Health Care Equipment & Supplies - 2.95%
	58,556	Danaher Corp.		10,354,457
	9,631	Stryker Corp.		1,735,410
				12,089,867
		Health Care Providers & Services - 1.24%
	17,220	AmerisourceBergen Corp.		1,735,259
	8,752	Cigna Corp.		1,642,313
	11,021	McKesson Corp.		1,690,842
				5,068,414
		Household Durables - 0.41%
	16,714	Mohawk Industries, Inc. (a)(b)		1,700,817
		Household Products - 2.80%
	52,334	Clorox Co.		11,480,510
		Insurance - 3.15%
	63,693	Aflac, Inc.		2,294,859
	77,893	MetLife, Inc.		2,844,652
	21,325	Progressive Corp/The		1,708,346
	35,459	RenaissanceRe Holdings Ltd.		6,064,553
				12,912,410
		IT Services - 0.91%
	7,326	EPAM Systems, Inc. (b)		1,846,225
	8,515	Twilio, Inc. (b)		1,868,362
				3,714,587
		Machinery - 0.63%
	14,682	Illinois Tool Works, Inc.		2,567,148
		Media - 1.15%
	245,808	Discovery, Inc. - Class A (a)(b)		4,734,262

		Metals & Mining - 1.12%
	47,346	Newmont Corp.		2,923,142
	13,573	Royal Gold, Inc.		1,687,395
				4,610,537
		Multiline Retail - 0.92%
	31,441	Target Corp.		3,770,719
		Multi-Utilities - 1.87%
	106,424	Consolidated Edison, Inc.		7,655,078
		Pharmaceuticals - 3.17%
	105,944	Bristol-Myers Squibb Co.		6,229,507
	49,391	Zoetis, Inc.		6,768,543
				12,998,050
		Professional Services - 0.42%
	2,431	CoStar Group, Inc. (b)		1,727,639
		Real Estate Management & Development - 0.38%
	34,341	CBRE Group, Inc. (b)		1,552,900
		Semiconductors & Semiconductor Equipment - 3.22%
	147,013	Intel Corp.		8,795,788
	6,054	Lam Research Corp.		1,958,227
	19,309	Skyworks Solutions, Inc.		2,468,848
				13,222,863
		Software - 2.98%
	8,828	Adobe, Inc. (b)		3,842,917
	51,522	Cadence Design Systems, Inc. (b)		4,944,051
	11,608	Citrix Systems, Inc. (a)		1,716,939
	12,535	Fortinet, Inc. (b)		1,720,679
				12,224,586
		Technology Hardware, Storage & Peripherals - 1.05%
	11,797	Apple, Inc.		4,303,546
		Total Common Stocks (Cost $160,189,003)		164,527,447
		INVESTMENT COMPANIES - 26.41%
		Exchange Traded Funds - 26.41%
	611,423	Goldman Sachs Access Treasury 0-1 Year ETF		61,441,897
	512,098	SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (a)		46,872,330
		Total Investment Companies (Cost $108,315,440)		108,314,227
		REAL ESTATE INVESTMENT TRUSTS - 0.41%
		Real Estate Investment Trusts - 0.41%
	9,939	Crown Castle International Corp.		1,663,292
		Total Real Estate Investment Trusts (Cost $1,678,544)		1,663,292
		SHORT TERM INVESTMENTS - 32.83%
		Money Market Funds - 32.83%
	134,619,803	DWS Government Money Market Series - Institutional Shares
		Effective Yield, 0.12% (c)		134,619,803
		Total Short Term Investments (Cost $134,619,803)		134,619,803
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 5.92%
	24,274,928	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 0.33% (c)		24,274,928
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $24,274,928)		24,274,928
		Total Investments (Cost $429,077,718) - 105.69%		433,399,697
		Liabilities in Excess of Other Assets - (5.69)%		(23,337,309	)
		TOTAL NET ASSETS - 100.00%	$	410,062,388
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.