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

GuidePath® Growth and Income Fund
Schedule of Investments (Unaudited)
December 31, 2020
Number of Shares			Value
		COMMON STOCKS - 35.12%
		Aerospace & Defense - 0.91%
	746	General Dynamics Corp.	$	111,020
	4,212	Raytheon Technologies Corp.		301,200
				676,325
		Air Freight & Logistics - 0.56%
	2,473	United Parcel Service, Inc. - Class B		416,453
		Banks - 1.30%
	5,974	Citizens Financial Group, Inc.		213,630
	988	PNC Financial Services Group, Inc.		147,212
	10,309	Regions Financial Corp.		166,181
	5,917	Truist Financial Corp.		283,602
	3,320	U.S. Bancorp		154,679
				965,304
		Beverages - 2.20%
	13,774	Coca-Cola Co.		755,366
	5,902	PepsiCo, Inc.		875,267
				1,630,633
		Biotechnology - 1.86%
	5,867	AbbVie, Inc.		628,650
	2,085	Amgen, Inc.		479,383
	4,678	Gilead Sciences, Inc.		272,540
				1,380,573
		Building Products - 0.23%
	3,686	Johnson Controls International PLC - ADR (a)		171,731
		Capital Markets - 1.22%
	455	BlackRock, Inc.		328,301
	858	CME Group, Inc.		156,199
	3,355	State Street Corp. (a)		244,177
	1,180	T. Rowe Price Group, Inc.		178,640
				907,317
		Chemicals - 0.35%
	960	Air Products & Chemicals, Inc.		262,291
		Communications Equipment - 1.05%
	17,424	Cisco Systems, Inc.		779,724
		Consumer Finance - 0.23%
	4,819	Synchrony Financial		167,267
		Containers & Packaging - 0.22%
	3,286	International Paper Co.		163,380
		Diversified Telecommunication Services - 2.19%
	26,633	AT&T, Inc.		765,965
	14,635	Verizon Communications, Inc.		859,806
				1,625,771
		Electric Utilities - 1.84%
	1,593	American Electric Power Co., Inc. (a)		132,649
	2,998	Duke Energy Corp.		274,497
	746	Eversource Energy		64,536
	8,865	NextEra Energy, Inc.		683,935
	3,149	Xcel Energy, Inc.		209,944
				1,365,561
		Electrical Equipment - 0.86%
	2,680	Eaton Corp. PLC - ADR		321,975
	3,894	Emerson Electric Co.		312,961
				634,936
		Electronic Equipment, Instruments & Components - 0.21%
	4,388	Corning, Inc.		157,968
		Food & Staples Retailing - 0.46%
	2,394	Sysco Corp.		177,778
	4,119	Walgreens Boots Alliance, Inc.		164,266
				342,044
		Food Products - 0.69%
	3,522	Archer-Daniels-Midland Co.		177,544
	3,005	General Mills, Inc.		176,694
	2,736	Mondelez International, Inc. - Class A		159,974
				514,212
		Health Care Equipment & Supplies - 0.58%
	3,678	Medtronic PLC - ADR		430,841
		Health Care Providers & Services - 0.50%
	5,440	CVS Health Corp.		371,552
		Hotels, Restaurants & Leisure - 0.86%
	2,968	McDonald's Corp.		636,873
		Household Durables - 0.17%
	700	Whirlpool Corp. (a)		126,343
		Household Products - 1.83%
	3,629	Colgate-Palmolive Co.		310,316
	1,129	Kimberly-Clark Corp.		152,223
	6,430	Procter & Gamble Co.		894,670
				1,357,209
		Industrial Conglomerates - 1.22%
	2,447	3M Co.		427,711
	2,215	Honeywell International, Inc.		471,131
				898,842
		Insurance - 1.22%
	5,048	Aflac, Inc.		224,485
	1,605	Chubb Ltd. - ADR		247,041
	3,046	Hartford Financial Services Group, Inc.		149,193
	1,686	Progressive Corp.		166,712
	848	Travelers Cos., Inc.		119,034
				906,465
		IT Services - 0.95%
	683	Automatic Data Processing, Inc.		120,345
	3,734	International Business Machines Corp.		470,036
	1,191	Paychex, Inc.		110,977
				701,358
		Machinery - 0.50%
	188	Cummins, Inc.		42,695
	536	Illinois Tool Works, Inc.		109,280
	2,576	PACCAR, Inc.		222,257
				374,232
		Metals & Mining - 0.20%
	2,761	NUCOR Corp.		146,858
		Multiline Retail - 0.36%
	1,504	Target Corp.		265,501
		Multi-Utilities - 0.72%
	1,486	Ameren Corp.		115,997
	945	Consolidated Edison, Inc. (a)		68,295
	341	DTE Energy Co.		41,401
	2,862	Public Service Enterprise Group, Inc. (a)		166,855
	499	Sempra Energy		63,578
	875	WEC Energy Group, Inc.		80,526
				536,652
		Pharmaceuticals - 4.68%
	8,744	Bristol-Myers Squibb Co.		542,390
	2,500	Eli Lilly & Co.		422,100
	6,420	Johnson & Johnson		1,010,379
	9,026	Merck & Co., Inc.		738,327
	20,330	Pfizer, Inc.		748,347
				3,461,543
		Semiconductors & Semiconductor Equipment - 2.13%
	942	Analog Devices, Inc.		139,162
	15,058	Intel Corp.		750,189
	4,191	Texas Instruments, Inc.		687,869
				1,577,220
		Specialty Retail - 1.25%
	730	Best Buy Co., Inc.		72,847
	3,234	Home Depot Inc.		859,015
				931,862
		Technology Hardware, Storage & Peripherals - 0.24%
	7,275	HP, Inc.		178,892
		Tobacco - 1.11%
	8,317	Altria Group, Inc.		340,997
	5,802	Philip Morris International, Inc.		480,348
				821,345
		Trading Companies & Distributors - 0.22%
	3,403	Fastenal Co.		166,168
		Total Common Stocks (Cost $22,974,287)		26,051,246
		INVESTMENT COMPANIES - 36.92%
		Exchange Traded Funds - 36.92%
	298,566	Schwab U.S. Large-Cap ETF (a)		27,154,578
	2,644	SPDR Bloomberg Barclays 1-3 Month T-Bill ETF		241,979
		Total Investment Companies (Cost $20,688,375)		27,396,557
		SHORT TERM INVESTMENTS - 27.29%
		Money Market Funds - 20.15%
	14,943,910	DWS Government Money Market Series - Institutional Shares
		Effective Yield, 0.03% (b)		14,943,910
Principal Amount			Value
		U.S. Treasury Notes - 7.14%
$	1,250,000	2.375%, 03/15/2021 (c)		1,255,447
	1,250,000	1.125%, 06/30/2021 (c)		1,256,311
	1,250,000	1.125%, 09/30/2021 (c)		1,259,473
	1,500,000	1.750%, 11/30/2021 (c)		1,522,286
				5,293,517
		Total Short Term Investments (Cost $20,236,457)		20,237,427
Number of Shares			Value
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 5.01%
		Investments Purchased with Proceeds from Securities Lending Collateral - 5.01%
	3,717,152	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 0.16% (b)		3,717,152
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $3,717,152)		3,717,152
		Total Investments (Cost $67,616,271) - 104.34%		77,402,382
		Liabilities in Excess of Other Assets - (4.34)%		(3,220,692	)
		TOTAL NET ASSETS - 100.00%	$	74,181,690

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, 2020.
(c)	All or a portion of this security is held as collateral for certain written options contracts. The approximate value of the portion on these securities held as collateral is $5,293,517.
Glossary of Terms
ADR	- American Depositary Receipt

Schedule of Open Futures Contracts (Unaudited)
December 31, 2020
	Description	Number of Contracts Purchased / (Sold)		Notional Value	Settlement Month		Value/ Unrealized Appreciation (Depreciation)
	E-mini S&P 500 Futures	5	$	937,200	Mar-21	$	4,430
						$	4,430

Schedule of Options Written (Unaudited)
December 31, 2020
		Put Options
Notional Amount	Number of Contracts	Options on Equities		Value
$          1,830,000	5	CBOE S&P 500 Index
		Counterparty: NatWest Market Securities
		Expiration: January 08, 2021
		Exercise Price: $3,660.00	$	(7,055)
1,845,000	5	CBOE S&P 500 Index
		Counterparty: NatWest Market Securities
		Expiration: January 08, 2021
		Exercise Price: $3,690.00		(9,450)
730,000	2	S&P 500 Index
		Counterparty: NatWest Market Securities
		Expiration: January 15, 2021
		Exercise Price: $3,650.00		(4,800)
1,845,000	5	S&P 500 Index
		Counterparty: NatWest Market Securities
		Expiration: January 15, 2021
		Exercise Price: $3,690.00		(15,715)
3,700,000	10	S&P 500 Index
		Counterparty: NatWest Market Securities
		Expiration: January 15, 2021
		Exercise Price: $3,700.00		(33,000)
1,095,000	3	CBOE S&P 500 Index
		Counterparty: NatWest Market Securities
		Expiration: January 22, 2021
		Exercise Price: $3,650.00		(10,605)
1,845,000	5	CBOE S&P 500 Index
		Counterparty: NatWest Market Securities
		Expiration: January 22, 2021
		Exercise Price: $3,690.00		(23,300)
1,850,000	5	CBOE S&P 500 Index
		Counterparty: NatWest Market Securities
		Expiration: January 22, 2021
		Exercise Price: $3,700.00		(22,470)
1,865,000	5	CBOE S&P 500 Index
		Counterparty: NatWest Market Securities
		Expiration: January 29, 2021
		Exercise Price: $3,730.00		(33,010)
1,865,000	5	CBOE S&P 500 Index
		Counterparty: NatWest Market Securities
		Expiration: February 05, 2021
		Exercise Price: $3,730.00		(39,100)
	Total Written Options (Premiums Received $387,576)		$	$(198,505)