GPS Funds II NPORT-P GuidePath Conservative Allocation Fund (Dec 2021 report)

GuidePath® Conservative Allocation Fund
Schedule of Investments (Unaudited)
December 31, 2021
Number of Shares			Value
		INVESTMENT COMPANIES - 98.90%
		Exchange Traded Funds - 70.85%
	143,597	iShares 1-3 Year Treasury Bond ETF (a)	$	12,283,287
	183,274	iShares 7-10 Year Treasury Bond ETF (a)		21,076,510
	59,315	iShares 10+ Year Investment Grade Corporate Bond ETF (a)		4,125,358
	270,203	iShares Broad USD High Yield Corporate Bond ETF (a)		11,129,662
	335,679	iShares Core Aggressive Allocation ETF (a)		24,444,145
	362,431	iShares Core Growth Allocation ETF (a)		20,687,561
	98,406	iShares Core MSCI Emerging Markets ETF		5,890,583
	63,215	iShares Core MSCI Europe ETF		3,676,584
	149,872	iShares Core S&P Small-Cap ETF (a)		17,161,843
	179,206	iShares Core U.S. Aggregate Bond ETF		20,443,821
	143,383	iShares Edge MSCI Min Vol USA ETF		11,599,685
	28,042	iShares iBoxx High Yield Corporate Bond ETF (a)		2,439,934
	35,309	iShares J.P. Morgan USD Emerging Markets Bond ETF		3,850,800
	56,382	iShares MSCI EAFE Min Vol Factor ETF		4,328,446
	115,803	iShares MSCI Switzerland ETF (a)		6,106,292
	74,109	iShares TIPS Bond ETF (a)		9,574,883
	230,452	iShares U.S. Credit Bond ETF		13,767,202
	43,490	JPMorgan Beta Builders Canada ETF (a)		2,922,528
	135,338	SPDR Bloomberg Barclays High Yield Bond ETF (a)		14,693,647
	85,772	SPDR Bloomberg Barclays International Treasury Bond ETF (a)		2,424,774
	376,543	SPDR Gold MiniShares Trust (a)(b)		6,845,552
	379,215	Vanguard FTSE Developed Markets ETF (a)		19,362,718
	31,499	Vanguard Global ex-U.S. Real Estate ETF		1,699,371
	116,852	Vanguard High Dividend Yield ETF		13,100,278
	65,934	Vanguard Intermediate-Term Corporate Bond ETF (a)		6,116,038
	157,243	Vanguard Long-Term Treasury ETF		14,060,669
	655,849	Vanguard Mortgage-Backed Securities ETF		34,655,061
	43,548	Vanguard Real Estate ETF (a)		5,052,003
	81,208	Vanguard S&P 500 ETF		35,452,977
	25,147	Vanguard Short-Term Corporate Bond ETF		2,043,445
	18,235	Vanguard Total Bond Market ETF		1,545,416
	35,772	Vanguard Total International Bond ETF		1,973,184
	102,976	Vanguard Value ETF		15,148,799
				369,683,056
		Mutual Funds - 28.05%
	355,845	American Funds - Capital Income Builder - Class F3		24,955,429
	1,218,898	American Funds - High-Income Trust - Class F3		12,822,808
	1,928,467	American Funds - Multi-Sector Income Fund - Class F3		20,499,609
	248,089	American Funds - Mutual Fund - Class F3		13,178,487
	1,527,996	American Funds - The Bond Fund of America - Class F3		20,459,870
	967,697	American Funds - The Income Fund of America - Class F3		24,995,603
	219,095	American Funds - Washington Mutual Investors Fund - Class F3		13,244,288
	2,725,927	Vanguard High-Yield Corporate Fund - Admiral Shares		16,219,266
				146,375,360
		Total Investment Companies (Cost $438,347,890)		516,058,416
		SHORT TERM INVESTMENTS - 0.00% (d)
		Money Market Funds - 0.00% (d)
	8,076	DWS Government Money Market Series - Institutional Shares
		Effective Yield, 0.04% (c)		8,076
		Total Short Term Investments (Cost $8,076)		8,076
Number of Units
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL- 25.13%
	131,117,855	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 0.12% (c)		131,117,855
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $131,117,855)		131,117,855
		Total Investments (Cost $569,473,821) - 124.03%		647,184,347
		Liabilities in Excess of Other Assets - (24.03)%		(125,387,985	)
		TOTAL NET ASSETS - 100.00%	$	521,796,362
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, 2021.
(d)		Less than 0.01%.