GuidePath® Flexible Income Allocation Fund | | | |
| Schedule of Investments (Unaudited) | | | |
| June 30, 2020 | | | |
| | | | |
| Number of Shares | | | | Value | |
| | | INVESTMENT COMPANIES - 98.53% | | | |
| | | Exchange Traded Funds - 93.67% | | | |
| | 236,876 | | iShares 7-10 Year Treasury Bond ETF | | $ | 28,868,079 | |
| | 126,997 | | iShares Convertible Bond ETF (a) | | | 9,011,706 | |
| | 25,579 | | iShares Global Tech ETF (a) | | | 6,024,878 | |
| | 60,982 | | iShares iBoxx $ Investment Grade Corporate Bond ETF | | | 8,202,079 | |
| | 22,459 | | iShares PHLX Semiconductor ETF (a) | | | 6,083,470 | |
| | 69,837 | | PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (a) | | | 5,819,517 | |
| | 366,462 | | Schwab Intermediate-Term U.S. Treasury ETF | | | 21,540,636 | |
| | 232,024 | | Schwab Short-Term U.S. Treasury ETF | | | 11,979,399 | |
| | 297,096 | | Schwab U.S. TIPs ETF (a) | | | 17,831,702 | |
| | 380,780 | | SPDR Portfolio Aggregate Bond ETF | | | 11,750,871 | |
| | 113,849 | | Vanguard Emerging Markets Government Bond ETF | | | 8,852,898 | |
| | 204,732 | | Vanguard Intermediate-Term Treasury ETF | | | 14,447,937 | |
| | 104,089 | | Vanguard Long-Term Treasury ETF | | | 10,419,309 | |
| | 66,514 | | Vanguard Total Bond Market ETF | | | 5,875,847 | |
| | | | | | | 166,708,328 | |
| | | | Mutual Funds - 4.86% | | | | |
| | 1,542,226 | | Vanguard High-Yield Corporate Fund - Admiral Shares | | | 8,651,888 | |
| | | | Total Investment Companies (Cost $173,834,372) | | | 175,360,216 | |
| | | | | | | | |
| | | | SHORT TERM INVESTMENTS - 5.90% | | | | |
| | | | Money Market Funds - 5.90% | | | | |
| | 10,494,819 | | DWS Government Money Market Series - Institutional Shares | | | | |
| | | | Effective Yield, 0.12% (b) | | | 10,494,819 | |
| | | | Total Short Term Investments (Cost $10,494,819) | | | 10,494,819 | |
| | | | | | | | |
| | | | INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 20.65% | | | | |
| | | | Investments Purchased with Proceeds from Securities Lending - 20.65% | | | | |
| | 36,747,915 | | Mount Vernon Liquid Assets Portfolio, LLC | | | | |
| | | | Effective Yield, 0.33% (b) | | | 36,747,915 | |
| | | | Total Investments Purchased with Proceeds from Securities Lending (Cost $36,747,915) | | | 36,747,915 | |
| | | | | | | | |
| | | | Total Investments (Cost $221,077,106) - 125.08% | | | 222,602,950 | |
| | | | Liabilities in Excess of Other Assets - (25.08)% | | | (44,637,600 | ) |
| | | | TOTAL NET ASSETS - 100.00% | | $ | 177,965,350 | |
| | | | | | | | |
