GPS Funds II NPORT-P GuidePath Growth and Income Fund (Jun 2021 report)

GuidePath® Growth and Income Fund
Schedule of Investments (Unaudited)
June 30, 2021
Number of Shares			Value
		COMMON STOCKS - 36.32%
		Aerospace & Defense - 0.98%
	885	General Dynamics Corp.	$	166,610
	1,025	Lockheed Martin Corp.		387,809
	5,021	Raytheon Technologies Corp.		428,341
				982,760
		Air Freight & Logistics - 0.60%
	2,880	United Parcel Service, Inc. - Class B		598,954
		Banks - 1.63%
	4,917	Citizens Financial Group, Inc.		225,543
	14,288	Huntington Bancshares, Inc.		203,890
	832	M&T Bank Corp.		120,898
	1,071	PNC Financial Services Group, Inc.		204,304
	11,427	Regions Financial Corp.		230,597
	7,282	Truist Financial Corp.		404,150
	4,156	U.S. Bancorp		236,767
				1,626,149
		Beverages - 2.00%
	19,143	Coca-Cola Co.		1,035,828
	6,530	PepsiCo, Inc.		967,550
				2,003,378
		Biotechnology - 1.83%
	6,802	AbbVie, Inc.		766,177
	2,689	Amgen, Inc.		655,444
	5,946	Gilead Sciences, Inc.		409,442
				1,831,063
		Building Products - 0.27%
	3,934	Johnson Controls International PLC - ADR		269,990
		Capital Markets - 1.29%
	447	BlackRock, Inc.		391,112
	1,435	CME Group, Inc.		305,196
	3,911	State Street Corp.		321,797
	1,391	T. Rowe Price Group, Inc. (a)		275,376
				1,293,481
		Chemicals - 0.33%
	1,136	Air Products & Chemicals, Inc.		326,805
		Communications Equipment - 0.96%
	18,147	Cisco Systems, Inc.		961,791
		Consumer Finance - 0.21%
	4,304	Synchrony Financial		208,830
		Diversified Telecommunication Services - 1.97%
	32,134	AT&T, Inc.		924,817
	18,729	Verizon Communications, Inc.		1,049,385
				1,974,202
		Electric Utilities - 1.72%
	2,272	American Electric Power Co., Inc.		192,188
	3,856	Duke Energy Corp.		380,664
	959	Eversource Energy		76,950
	10,752	NextEra Energy, Inc.		787,908
	4,226	Xcel Energy, Inc.		278,409
				1,716,119
		Electrical Equipment - 0.89%
	2,982	Eaton Corp. PLC - ADR		441,873
	4,651	Emerson Electric Co. (a)		447,612
				889,485
		Food & Staples Retailing - 0.47%
	3,140	Sysco Corp.		244,135
	4,258	Walgreens Boots Alliance, Inc.		224,013
				468,148
		Food Products - 0.87%
	3,951	Archer-Daniels-Midland Co.		239,431
	4,670	General Mills, Inc.		284,543
	5,566	Mondelez International, Inc. - Class A		347,541
				871,515
		Health Care Equipment & Supplies - 0.57%
	4,563	Medtronic PLC - ADR		566,405
		Health Care Providers & Services - 0.50%
	6,026	CVS Health Corp.		502,809
		Hotels, Restaurants & Leisure - 0.77%
	3,330	McDonald's Corp.		769,197
		Household Durables - 0.17%
	792	Whirlpool Corp.		172,672
		Household Products - 1.83%
	4,962	Colgate-Palmolive Co.		403,659
	1,602	Kimberly-Clark Corp.		214,316
	9,001	Procter & Gamble Co.		1,214,504
				1,832,479
		Industrial Conglomerates - 1.33%
	3,418	3M Co.		678,917
	2,976	Honeywell International, Inc.		652,786
				1,331,703
		Insurance - 1.33%
	6,011	Aflac, Inc. (a)		322,550
	2,582	Chubb Ltd. - ADR		410,384
	3,617	Hartford Financial Services Group, Inc.		224,145
	2,194	Progressive Corp.		215,473
	1,062	Travelers Cos., Inc.		158,992
				1,331,544
		IT Services - 1.24%
	2,104	Automatic Data Processing, Inc.		417,896
	4,400	International Business Machines Corp.		644,997
	1,631	Paychex, Inc.		175,006
				1,237,899
		Leisure Products - 0.08%
	855	Hasbro, Inc.		80,815
		Machinery - 0.66%
	1,181	Cummins, Inc.		287,939
	1,057	Illinois Tool Works, Inc.		236,303
	1,514	PACCAR, Inc.		135,125
				659,367
		Media - 0.30%
	6,605	ViacomCBS, Inc.		298,546
		Metals & Mining - 0.24%
	2,514	NUCOR Corp.		241,168
		Multiline Retail - 0.36%
	1,479	Target Corp.		357,533
		Multi-Utilities - 0.96%
	3,306	Ameren Corp.		264,612
	2,563	Consolidated Edison, Inc.		183,818
	1,817	DTE Energy Co.		235,483
	2,109	Sempra Energy (a)		279,401
				963,314
		Pharmaceuticals - 4.75%
	10,743	Bristol-Myers Squibb Co.		717,847
	3,185	Eli Lilly & Co.		731,021
	8,884	Johnson & Johnson		1,463,551
	12,068	Merck & Co., Inc.		938,528
	23,421	Pfizer, Inc.		917,166
				4,768,113
		Semiconductors & Semiconductor Equipment - 2.28%
	997	Analog Devices, Inc.		171,644
	19,929	Intel Corp.		1,118,813
	2,083	Maxim Integrated Products, Inc.		219,465
	4,050	Texas Instruments, Inc.		778,815
				2,288,737
		Specialty Retail - 1.40%
	910	Best Buy Co., Inc.		104,632
	4,071	Home Depot Inc.		1,298,201
				1,402,833
		Technology Hardware, Storage & Peripherals - 0.29%
	9,480	HP, Inc.		286,201
		Tobacco - 1.24%
	10,556	Altria Group, Inc.		503,310
	7,476	Philip Morris International, Inc.		740,946
				1,244,256
		Total Common Stocks (Cost $30,431,180)		36,358,261
		INVESTMENT COMPANIES - 35.33%
		Exchange Traded Funds - 35.33%
	141,498	Global X MLP ETF		5,468,898
	70,214	Schwab U.S. Large-Cap ETF		7,300,150
	1,187	SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (a)		108,575
	111,994	Vanguard High Dividend Yield ETF (a)		11,733,611
	104,838	Vanguard International High Dividend Yield ETF (a)		7,126,887
	35,633	Vanguard Real Estate ETF (a)		3,627,083
		Total Investment Companies (Cost $34,497,189)		35,365,204
		SHORT TERM INVESTMENTS - 26.91%
		Money Market Funds - 17.85%
		DWS Government Money Market Series - Institutional Shares
	17,866,722	Effective Yield, 0.04% (b)		17,866,722
Principal
Amount
		U.S. Treasury Note - 9.06%
	3,000,000	1.125%, 09/30/2021 (c)		3,008,097
	3,000,000	1.750%, 11/30/2021 (c)		3,020,922
	3,000,000	1.750%, 03/31/2022 (c)		3,037,380
				9,066,399
		Total Short Term Investments (Cost $26,932,285)		26,933,121
Number of Units
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 10.26%
		Mount Vernon Liquid Assets Portfolio, LLC
	10,269,212	Effective Yield, 0.10% (b)		10,269,212
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $10,269,212)		10,269,212
		Total Investments (Cost $102,129,866) - 108.82%		108,925,798
		Liabilities in Excess of Other Assets - (8.82)%		(8,827,838	)
		TOTAL NET ASSETS - 100.00%	$	100,097,960
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, 2021.
(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 $5,540,040.

GuidePath® Growth and Income Fund
Schedule of Open Futures Contracts (Unaudited)
June 30, 2021
	Description	Number of Contracts Purchased / (Sold)	Notional Value	Settlement Month	Value/ Unrealized Appreciation (Depreciation)
	E-mini S&P 500 Futures	100	$      21,443,000	Sep-21	$	186,597
					$	186,597

GuidePath® Growth and Income Fund
Schedule of Options Written (Unaudited)
June 30, 2021
Notional Amount		Number of Contracts		Put Options Options on Equities	Value
$	2,105,000		5	CBOE S&P 500 Index
				Counterparty: NatWest Market Securities
				Expiration: July 09, 2021
				Exercise Price: $4,210.00	$	(2,980	)
	2,110,000		5	CBOE S&P 500 Index
				Counterparty: NatWest Market Securities
				Expiration: July 09, 2021
				Exercise Price: $4,220.00		(3,385	)
	4,280,000		10	CBOE S&P 500 Index
				Counterparty: NatWest Market Securities
				Expiration: July 30, 2021
				Exercise Price: $4,280.00		(50,800	)
	2,110,000		5	S&P 500 Index
				Counterparty: NatWest Market Securities
				Expiration: July 16, 2021
				Exercise Price: $4,220.00		(8,355	)
	2,115,000		5	S&P 500 Index
				Counterparty: NatWest Market Securities
				Expiration: July 16, 2021
				Exercise Price: $4,230.00		(8,550	)
	2,120,000		5	S&P 500 Index
				Counterparty: NatWest Market Securities
				Expiration: July 16, 2021
				Exercise Price: $4,240.00		(9,630	)
	4,200,000		10	S&P Dow Jones Index
				Counterparty: NatWest Market Securities
				Expiration: July 02, 2021
				Exercise Price: $4,180.00		(700	)
	2,090,000		5	S&P Dow Jones Index
				Counterparty: NatWest Market Securities
				Expiration: July 23, 2021
				Exercise Price: $4,200.00		(10,005	)
	2,115,000		5	S&P Dow Jones Index
				Counterparty: NatWest Market Securities
				Expiration: July 23, 2021
				Exercise Price: $4,230.00		(13,315	)
	2,150,000		5	S&P Dow Jones Index
				Counterparty: NatWest Market Securities
				Expiration: August 6, 2021
				Exercise Price: $4,300.00		(32,755	)
		Total Written Options (Premiums Received $402,124)			$	(140,475	)