GPS Funds II NPORT-P GuidePath Growth and Income Fund (Jun 2020 report)

GuidePath® Growth and Income Fund
Schedule of Investments (Unaudited)
June 30, 2020
Number of Shares				Value
		COMMON STOCKS - 33.68%
		Aerospace & Defense - 0.90%
	1,259	Boeing Co.	$	230,774
	622	Lockheed Martin Corp.		226,980
				457,754
		Air Freight & Logistics - 0.41%
	1,866	United Parcel Service, Inc. - Class B (a)		207,462
		Auto Components - 0.07%
	561	Autoliv, Inc.		36,190
		Banks - 1.07%
	4,218	Citizens Financial Group, Inc.		106,462
	11,696	Huntington Bancshares Inc. (a)		105,673
	7,493	Regions Financial Corp.		83,322
	4,349	Truist Financial Corp. (a)		163,305
	2,365	U.S. Bancorp		87,079
				545,841
		Beverages - 2.03%
	10,192	Coca-Cola Co.		455,379
	4,336	PepsiCo, Inc.		573,478
				1,028,857
		Biotechnology - 2.27%
	4,290	AbbVie, Inc.		421,192
	2,015	Amgen, Inc.		475,257
	3,320	Gilead Sciences, Inc. (a)		255,441
				1,151,890
		Capital Markets - 0.99%
	396	BlackRock, Inc. (a)		215,460
	722	CME Group, Inc.		117,354
	1,031	State Street Corp. (a)		65,520
	838	T. Rowe Price Group, Inc.		103,493
				501,827
		Chemicals - 0.35%
	744	Air Products & Chemicals, Inc.		179,647
		Communications Equipment - 1.14%
	12,424	Cisco Systems, Inc.		579,455
		Consumer Finance - 0.16%
	3,649	Synchrony Financial (a)		80,862
		Containers & Packaging - 0.17%
	2,454	International Paper Co.		86,405
		Diversified Telecommunication Services - 2.27%
	18,810	AT&T, Inc.		568,626
	10,625	Verizon Communications, Inc.		585,757
				1,154,383
		Electric Utilities - 1.77%
	1,208	American Electric Power Co., Inc. (a)		96,205
	2,197	Duke Energy Corp. (a)		175,518
	615	Eversource Energy		51,211
	2,127	NextEra Energy, Inc.		510,842
	991	Xcel Energy, Inc. (a)		61,938
				895,714
		Electrical Equipment - 0.68%
	1,922	Eaton Corp. PLC		168,137
	2,834	Emerson Electric Co.		175,793
				343,930
		Electronic Equipment, Instruments & Components - 0.17%
	3,272	Corning, Inc. (a)		84,745
		Food & Staples Retailing - 0.43%
	1,751	Sysco Corp.		95,710
	2,881	Walgreens Boots Alliance, Inc.		122,125
				217,835
		Food Products - 0.75%
	2,533	Archer-Daniels-Midland Co.		101,067
	2,103	General Mills, Inc.		129,650
	1,176	Hershey Co.		152,433
				383,150
		Health Care Providers & Services - 0.50%
	3,914	CVS Health Corp.		254,293
		Hotels, Restaurants & Leisure - 1.00%
	1,941	Carnival Corp. (a)		31,871
	1,862	Las Vegas Sands Corp.		84,795
	2,125	McDonald's Corp.		391,999
				508,665
		Household Products - 1.87%
	2,602	Colgate-Palmolive Co.		190,623
	804	Kimberly-Clark Corp.		113,645
	5,386	Procter & Gamble Co.		644,004
				948,272
		Industrial Conglomerates - 0.55%
	1,783	3M Co.		278,130
		Insurance - 0.34%
	3,671	Aflac, Inc.		132,266
	334	Travelers Cos., Inc.		38,093
				170,359
		IT Services - 0.76%
	2,665	International Business Machines Corp.		321,852
	869	Paychex, Inc. (a)		65,827
				387,679
		Leisure Products - 0.20%
	1,329	Hasbro, Inc. (a)		99,609
		Machinery - 0.48%
	169	Cummins, Inc.		29,281
	450	Illinois Tool Works, Inc.		78,683
	1,806	PACCAR, Inc.		135,179
				243,143
		Metals & Mining - 0.16%
	1,956	NUCOR Corp.		80,998
		Multiline Retail - 0.31%
	1,432	Kohl's Corp. (a)		29,743
	1,076	Target Corp.		129,044
				158,787
		Multi-Utilities - 0.59%
	743	Consolidated Edison, Inc.		53,444
	315	DTE Energy Co.		33,863
	2,091	Public Service Enterprise Group, Inc. (a)		102,793
	426	Sempra Energy		49,940
	702	WEC Energy Group, Inc. (a)		61,530
				301,570
		Oil, Gas & Consumable Fuels - 1.53%
	11,128	Exxon Mobil Corp.		497,644
	3,092	Marathon Petroleum Corp.		115,579
	2,312	Phillips 66		166,233
				779,456
		Pharmaceuticals - 4.05%
	6,456	Bristol-Myers Squibb Co.		379,613
	3,864	Johnson & Johnson		543,394
	8,015	Merck & Co., Inc.		619,799
	15,738	Pfizer, Inc. (a)		514,633
				2,057,439
		Semiconductors & Semiconductor Equipment - 2.88%
	722	Analog Devices, Inc.		88,546
	1,153	Broadcom, Inc.		363,898
	10,565	Intel Corp.		632,104
	2,981	Texas Instruments, Inc.		378,498
				1,463,046
		Specialty Retail - 1.26%
	605	Best Buy Co., Inc.		52,798
	2,331	Home Depot Inc.		583,940
				636,738
		Technology Hardware, Storage & Peripherals - 0.18%
	5,297	HP, Inc.		92,327
		Textiles, Apparel & Luxury Goods - 0.13%
	1,098	VF Corp.		66,912
		Tobacco - 1.06%
	6,106	Altria Group, Inc.		239,661
	4,275	Philip Morris International, Inc.		299,506
				539,167
		Trading Companies & Distributors - 0.20%
	2,409	Fastenal Co. (a)		103,202
		Total Common Stocks (Cost $16,724,872)		17,105,739
Number of Shares
		INVESTMENT COMPANIES - 36.08%
		Exchange Traded Funds - 36.08%
	245,583	Schwab U.S. Large-Cap ETF (d)		18,197,701
	1,402	SPDR Bloomberg Barclays 1-3 Month T-Bill ETF		128,325
		Total Investment Companies (Cost $16,207,919)		18,326,026
		SHORT TERM INVESTMENTS - 28.36%
		Money Market Funds - 18.42%
		DWS Government Money Market Series - Institutional Shares
	9,353,635	Effective Yield, 0.12% (b)		9,353,635
Principal
Amount
		U.S. Treasury Notes - 9.94%
$	1,250,000	1.375%, 09/15/2020 (c)		1,253,108
	1,250,000	2.500%, 12/31/2020 (c)		1,264,331
	1,250,000	2.375%, 03/15/2021		1,269,385
	1,250,000	1.125%, 06/30/2021		1,261,914
				5,048,738
		Total Short Term Investments (Cost $14,389,778)		14,402,373
Number of Shares
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 4.30%
		Investments Purchased with Proceeds from Securities Lending - 4.30%
		Mount Vernon Liquid Assets Portfolio, LLC
	2,183,441	Effective Yield, 0.33% (b)		2,183,441
		Total Investments Purchased with Proceeds from Securities Lending (Cost $2,183,441)		2,183,441
		Total Investments (Cost $49,506,010) - 102.42%		52,017,579
		Liabilities in Excess of Other Assets - (2.42)%		(1,227,625	)
		TOTAL NET ASSETS - 100.00%	$	50,789,954
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 June 30, 2020.
(c)		All or a portion of these securities are held as collateral for certain written options contracts. The approximate value of the portion of these securities held as collateral is $2,517,350.
(d)		Fair value of this security exceeds 25% of the Fund’s net assets. Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.

GuidePath® Growth and Income Fund
Schedule of Open Futures Contracts (Unaudited)
June 30, 2020
		Description	Number of Contracts Purchased / (Sold)	Notional Value			Settlement Month	Value/ Unrealized Appreciation (Depreciation)
		E-mini S&P 500 Futures	(35)	$	(5,407,850	)	Sep-20	$	(81,845	)
								$	(81,845	)
GuidePath® Growth and Income Fund
Schedule of Options Written (Unaudited)
June 30, 2020
Notional		Number of	Put Options
Amount		Contracts	Options on Equities	Value
	640,000	2	Cboe S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 02, 2020
			Exercise Price: $3,200	$	(23,000	)
	915,000	3	Cboe S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 02, 2020
			Exercise Price: $3,050		(3,717	)
	602,000	2	Cboe S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 02, 2020
			Exercise Price: $3,010		(1,220	)
	930,000	3	Cboe S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 10, 2020
			Exercise Price: $3,100		(15,954	)
	915,000	3	Cboe S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 10, 2020
			Exercise Price: $3,050		(10,821	)
	640,000	2	S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 17, 2020
			Exercise Price: $3,200		(24,794	)
	939,000	3	S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 17, 2020
			Exercise Price: $3,130		(24,567	)
	930,000	3	S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 17, 2020
			Exercise Price: $3,100		(20,550	)
	906,000	3	S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 17, 2020
			Exercise Price: $3,020		(12,150	)
	600,000	2	S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 17, 2020
			Exercise Price: $3,000		(7,500	)
	939,000	3	Cboe S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 24, 2020
			Exercise Price: $3,130		(25,902	)
	900,000	3	Cboe S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 24, 2020
			Exercise Price: $3,000		(14,823	)
	909,000	3	Cboe S&P 500 Index
			Counterparty: NatWest Market Securities
			Expiration: July 31, 2020
			Exercise Price: $3,030		(20,454	)
			Total Written Options (Premiums Received $293,132)	$	(205,452	)