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

GuidePath® Conservative Allocation Fund
Schedule of Investments (Unaudited)
December 31, 2020
Number of Shares			Value
		INVESTMENT COMPANIES - 98.93%
		Exchange Traded Funds - 71.45%
	138,728	iShares 1-3 Year Treasury Bond ETF (a)	$	11,983,325
	63,896	iShares 3-7 Year Treasury Bond ETF (a)		8,496,890
	119,297	iShares 7-10 Year Treasury Bond ETF		14,309,675
	54,359	iShares 10+ Year Investment Grade Corporate Bond ETF (a)		3,969,294
	148,434	iShares Broad USD High Yield Corporate Bond ETF		6,124,387
	348,184	iShares Core Aggressive Allocation ETF		22,346,449
	545,530	iShares Core Growth Allocation ETF		28,476,666
	60,551	iShares Core MSCI Emerging Markets ETF		3,756,584
	81,519	iShares Core MSCI Europe ETF		4,180,294
	168,891	iShares Core S&P Small-Cap ETF (a)		15,521,083
	89,923	iShares Core U.S. Aggregate Bond ETF		10,627,999
	158,887	iShares Edge MSCI Min Vol USA ETF		10,785,250
	23,465	iShares iBoxx High Yield Corporate Bond ETF (a)		2,048,494
	27,873	iShares J.P. Morgan USD Emerging Markets Bond ETF		3,230,759
	114,251	iShares MSCI Switzerland ETF		5,104,735
	46,647	iShares TIPS Bond ETF (a)		5,954,490
	176,817	iShares U.S. Credit Bond ETF		10,957,349
	78,985	JPMorgan BetaBuilders Canada ETF		2,119,168
	109,047	SPDR Bloomberg Barclays High Yield Bond ETF		11,879,580
	59,796	SPDR Bloomberg Barclays International Treasury Bond ETF (a)		1,867,429
	290,988	SPDR Gold MiniShares Trust (a)(b)		5,511,313
	37,024	SPDR S&P China ETF		4,820,895
	366,569	Vanguard FTSE Developed Markets ETF (a)		17,305,722
	25,893	Vanguard Global ex-U.S. Real Estate ETF		1,406,249
	180,977	Vanguard High Dividend Yield ETF (a)		16,561,205
	139,905	Vanguard Long-Term Treasury ETF (a)		13,411,293
	662,986	Vanguard Mortgage-Backed Securities ETF		35,847,653
	43,991	Vanguard Real Estate ETF (a)		3,736,156
	71,487	Vanguard S&P 500 ETF		24,569,367
	14,572	Vanguard Total Bond Market ETF		1,285,105
	52,510	Vanguard Value ETF (a)		6,246,590
				314,441,448
		Mutual Funds - 27.48%
	775,415	American Funds - Bond Fund of America - Class F2		10,692,970
	436,174	American Funds - Capital Income Builder - Class F3		27,465,903
	1,613,013	American Funds - High-Income Trust - Class F3		16,355,955
	367,149	American Funds - Mutual Fund - Class F3		16,367,519
	1,163,536	American Funds - The Income Fund of America - Class F3		27,378,013
	761,976	American Intermediate Bond Fund of America - Class F2		10,652,420
	2,005,240	Vanguard High-Yield Corporate Fund - Admiral Shares		11,991,333
				120,904,113
		Total Investment Companies (Cost $380,724,322)		435,345,561
		SHORT TERM INVESTMENTS - 0.00% (d)
		Money Market Funds - 0.00% (d)
	773	DWS Government Money Market Series - Institutional Shares
		Effective Yield, 0.03% (c)		773
		Total Short Term Investments (Cost $773)		773
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 15.96%
		Investments Purchased with Proceeds from Securities Lending Collateral - 15.96%
	70,256,790	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 0.16% (c)		70,256,790
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $70,256,790)		70,256,790
		Total Investments (Cost $450,981,885) - 114.89%		505,603,124
		Liabilities in Excess of Other Assets - (14.89)%		(65,514,700	)
		TOTAL NET ASSETS - 100.00%	$	440,088,424

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 December 31, 2020.
(d)	Less than 0.01%.