GPS Funds II NPORT-P GuidePath Multi-Asset Income Allocation Fund (Dec 2021 report)

GuidePath® Multi-Asset Income Allocation Fund
Schedule of Investments (Unaudited)
December 31, 2021
Number of Shares			Value
		INVESTMENT COMPANIES - 99.01%
		Exchange Traded Funds - 79.33%
	310,515	Global X US Preferred ETF (a)	$	7,998,867
	102,126	iShares 0-5 Year High Yield Corporate Bond ETF		4,626,308
	61,720	iShares Broad USD High Yield Corporate Bond ETF (a)		2,542,247
	118,267	iShares Emerging Markets Dividend ETF (a)		4,553,280
	12,193	iShares ESG MSCI EM Leaders ETF		701,951
	14,850	iShares iBoxx $ Investment Grade Corporate Bond ETF (a)		1,967,922
	159,677	iShares International Select Dividend ETF		4,978,729
	19,831	iShares MSCI International Quality Factor ETF		780,945
	47,909	iShares Select Dividend ETF		5,873,164
	79,610	Schwab US Dividend Equity ETF		6,434,876
	118,992	SPDR Portfolio Aggregate Bond ETF		3,524,543
	69,618	SPDR Portfolio Long Term Corporate Bond ETF		2,191,575
	95,072	SPDR Portfolio S&P 500 High Dividend ETF		3,997,778
	34,465	SPDR S&P Global Dividend ETF		2,283,996
	26,041	SPDR S&P Global Infrastructure ETF		1,412,724
	92,881	SPDR S&P International Dividend ETF		3,611,213
	47,954	Vanguard Emerging Markets Government Bond ETF		3,724,108
	35,734	Vanguard Global ex-U.S. Real Estate ETF		1,927,849
	64,418	Vanguard High Dividend Yield ETF (a)		7,221,901
	61,320	Vanguard Long-Term Treasury ETF		5,483,233
	43,884	Vanguard Mortgage-Backed Securities ETF		2,318,831
	40,864	Vanguard Real Estate ETF (a)		4,740,633
	1,648	Vanguard S&P 500 ETF		719,467
	13,379	Vanguard Utilities ETF		2,092,476
	92,683	WisdomTree US LargeCap Dividend Fund		6,120,785
	87,136	WisdomTree U.S. SmallCap Dividend ETF		2,863,289
				94,692,690
		Mutual Funds - 19.68%
	26,492	BlackRock High Equity Income Fund - Institutional Shares		787,620
	194,313	BlackRock Income Fund - Institutional Shares		1,948,963
	269,483	BlackRock Strategic Income Opportunities Portfolio - Institutional Shares		2,735,248
	195,335	Loomis Sayles Global Allocation Fund - Class Y		5,574,874
	484,106	T. Rowe Price Institutional Floating Rate Fund - Investor Shares		4,720,031
	1,298,535	Vanguard High-Yield Corporate Fund - Admiral Shares		7,726,283
				23,493,019
		Total Investment Companies (Cost $95,152,076)		118,185,709
		SHORT TERM INVESTMENTS - 0.00% (c)
		Money Market Funds - 0.00% (c)
	233	DWS Government Money Market Series - Institutional Shares
		Effective Yield, 0.04% (b)		233
		Total Short Term Investments (Cost $233)		233
Number of Units
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 16.82%
	20,074,055	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 0.12% (b)		20,074,055
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $20,074,055)		20,074,055
		Total Investments (Cost $115,226,364) - 115.83%		138,259,997
		Liabilities in Excess of Other Assets - (15.83)%		(18,896,221	)
		TOTAL NET ASSETS - 100.00%	$	119,363,776
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 as of December 31, 2021.
(c)		Less than 0.01%.