GPS Funds II NPORT-P GuidePath Growth and Income Fund (Dec 2022 report)

GuidePath® Growth and Income Fund
Schedule of Investments (Unaudited)
December 31, 2022
Number of Shares			Value
		COMMON STOCKS - 35.08%
		Aerospace & Defense - 0.52%
	649	General Dynamics Corp.	$	161,023
	777	Lockheed Martin Corp.		378,003
				539,026
		Air Freight & Logistics - 0.49%
	2,948	United Parcel Service, Inc. - Class B		512,480
		Banks - 1.27%
	4,385	Citizens Financial Group, Inc.		172,637
	13,922	Huntington Bancshares, Inc. (a)		196,300
	734	M&T Bank Corp. (a)		106,474
	1,036	PNC Financial Services Group, Inc. (a)		163,626
	9,362	Regions Financial Corp. (a)		201,845
	6,575	Truist Financial Corp.		282,922
	4,396	U.S. Bancorp		191,710
				1,315,514
		Beverages - 2.37%
	19,552	Coca-Cola Co.		1,243,703
	6,719	PepsiCo, Inc.		1,213,855
				2,457,558
		Biotechnology - 2.09%
	8,511	AbbVie, Inc.		1,375,462
	3,023	Amgen, Inc.		793,961
				2,169,423
		Building Products - 0.27%
	4,404	Johnson Controls International PLC - ADR		281,856
		Capital Markets - 1.28%
	488	BlackRock, Inc.		345,811
	3,403	Blackstone, Inc.		252,469
	1,342	CME Group, Inc.		225,671
	3,811	State Street Corp.		295,619
	1,926	T. Rowe Price Group, Inc. (a)		210,050
				1,329,620
		Chemicals - 0.74%
	1,397	Air Products & Chemicals, Inc.		430,639
	4,094	LyondellBasell Industries NV - Class A - ADR		339,925
				770,564
		Communications Equipment - 0.84%
	18,358	Cisco Systems, Inc.		874,575
		Consumer Finance - 0.51%
	3,548	Capital One Financial Corp.		329,822
	5,978	Synchrony Financial		196,437
				526,259
		Diversified Telecommunication Services - 1.16%
	21,327	AT&T, Inc.		392,630
	20,512	Verizon Communications, Inc.		808,172
				1,200,802
		Electric Utilities - 0.58%
	2,202	American Electric Power Co., Inc.		209,080
	1,013	Eversource Energy		84,930
	4,327	Xcel Energy, Inc.		303,366
				597,376
		Electrical Equipment - 0.92%
	3,071	Eaton Corp. PLC - ADR		481,993
	4,867	Emerson Electric Co. (a)		467,524
				949,517
		Food Products - 1.02%
	2,826	Archer-Daniels-Midland Co.		262,394
	4,575	General Mills, Inc. (a)		383,614
	6,164	Mondelez International, Inc. - Class A		410,830
				1,056,838
		Health Care Equipment & Supplies - 0.42%
	5,552	Medtronic PLC - ADR (a)		431,501
		Health Care Providers & Services - 0.47%
	5,251	CVS Health Corp.		489,341
		Hotels, Restaurants & Leisure - 1.40%
	3,744	McDonald’s Corp.		986,656
	4,654	Starbucks Corp.		461,677
				1,448,333
		Household Durables - 0.12%
	879	Whirlpool Corp. (a)		124,343
		Household Products - 1.95%
	5,752	Colgate-Palmolive Co.		453,200
	1,769	Kimberly-Clark Corp.		240,142
	8,759	Procter & Gamble Co.		1,327,514
				2,020,856
		Industrial Conglomerates - 1.31%
	4,738	3M Co.		568,181
	3,688	Honeywell International, Inc.		790,339
				1,358,520
		Insurance - 0.78%
	5,404	Aflac, Inc.		388,764
	3,343	Hartford Financial Services Group, Inc.		253,500
	911	Travelers Cos., Inc.		170,803
				813,067
		IT Services - 1.30%
	2,004	Automatic Data Processing, Inc.		478,675
	4,950	International Business Machines Corp. (a)		697,406
	1,482	Paychex, Inc.		171,260
				1,347,341
		Leisure Products - 0.06%
	945	Hasbro, Inc.		57,654
		Machinery - 1.16%
	2,594	Caterpillar, Inc.		621,418
	1,347	Cummins, Inc.		326,365
	1,165	Illinois Tool Works, Inc. (a)		256,650
				1,204,433
		Media - 0.95%
	24,420	Comcast Corp. - Class A		853,968
	7,857	Paramount Global - Class B (a)		132,626
				986,594
		Multiline Retail - 0.39%
	2,717	Target Corp. (a)		404,942
		Multi-Utilities - 0.96%
	3,267	Ameren Corp.		290,502
	2,203	Consolidated Edison, Inc. (a)		209,968
	1,727	DTE Energy Co.		202,974
	1,906	Sempra Energy		294,553
				997,997
		Oil, Gas & Consumable Fuels - 0.81%
	21,418	Kinder Morgan, Inc.		387,237
	3,877	Marathon Petroleum Corp.		451,244
				838,481
		Pharmaceuticals - 3.50%
	7,595	Johnson & Johnson		1,341,658
	11,761	Merck & Co., Inc.		1,304,883
	19,196	Pfizer, Inc. (a)		983,603
				3,630,144
		Road & Rail - 0.38%
	1,889	Union Pacific Corp.		391,155
		Semiconductors & Semiconductor Equipment - 2.90%
	991	Analog Devices, Inc.		162,554
	1,948	Broadcom, Inc. (a)		1,089,185
	16,013	Intel Corp.		423,224
	5,532	QUALCOMM, Inc.		608,188
	4,373	Texas Instruments, Inc.		722,507
				3,005,658
		Specialty Retail - 1.56%
	1,848	Advance Auto Parts, Inc.		271,711
	935	Best Buy Co., Inc. (a)		74,996
	4,007	Home Depot, Inc. (a)		1,265,652
				1,612,359
		Technology Hardware, Storage & Peripherals - 0.19%
	7,375	HP, Inc.		198,166
		Tobacco - 0.41%
	4,161	Philip Morris International, Inc.		421,135
		Total Common Stocks (Cost $31,716,115)		36,363,428
		INVESTMENT COMPANIES - 35.94%
		Domestic Equity Funds - 35.21%
	189,769	Global X MLP ETF (a)		7,835,562
	265,049	Vanguard High Dividend Yield ETF (c)		28,680,952
				36,516,514
		Domestic Fixed Income Funds - 0.73%
	8,223	SPDR Bloomberg Barclays 1-3 Month T-Bill ETF (a)		752,158
		Total Investment Companies (Cost $37,696,017)		37,268,672
		SHORT TERM INVESTMENTS - 28.42%
		Money Market Funds - 17.09%
	17,721,363	DWS Government Money Market Series - Institutional Shares
		Effective Yield, 4.22%, (b)		17,721,363
Principal Amount
		U.S. Treasury Bills - 2.84%
$	3,000,000	0.00%, 06/15/2023		2,939,592
		U.S. Treasury Notes - 8.49%
	3,000,000	2.500%, 03/31/2023 (d)		2,985,965
	3,000,000	1.375%, 09/30/2023 (d)		2,926,994
	3,000,000	0.500%, 11/30/2023		2,886,456
				8,799,415
		Total Short Term Investments (Cost $29,520,879)		29,460,370
Number of Units
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 8.40%
	8,706,335	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 4.49% (b)		8,706,335
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $8,706,335)		8,706,335
		Total Investments (Cost $107,639,346) - 107.84%		111,798,805
		Liabilities in Excess of Other Assets - (7.84)%		(8,130,417	)
		TOTAL NET ASSETS - 100.00%	$	103,668,388
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, 2022.
(c)		Fair Value of the security exceeds 25% of the Fund’s net assets. Additional information for this security, including the financial statements, is available from the SEC’s EDGAR database at www.sec.gov.
(d)		All or poriton of this security is held as collateral for certain options written contracts. The approximate value of the portion on these securities held is $5,425,005.
Glossary of Terms
ADR -		American Depositary Receipt

GuidePath Growth and Income Fund
Schedule of Open Futures Contracts (Unaudited)
December 31, 2022
	Description	Number of Contracts Purchased / (Sold)	Long/Short	Notional Value	Settlement Month	Value/ Unrealized Appreciation (Depreciation)
	E-mini S&P 500 Futures	(42)	Short	$(,8108,100)	Mar-23	$	407,967
						$	407,967

GuidePath Growth and Income Fund
Schedule of Options Written (Unaudited)
December 31, 2022
				Options on Equities
Notional Amount		Number of Contracts		Put Options	Value
$	3,800,000		10	CBOE S&P 500 Index
				Counterparty: Interactive Brokers
				Expiration:   January 13, 2023
				Exercise Price: $3,800.00	$	(46,000	)
	3,830,000		10	CBOE S&P 500 Index
				Counterparty: Interactive Brokers
				Expiration:   January 20, 2023
				Exercise Price: $3,830.00		(97,695	)
	3,890,000		10	CBOE S&P 500 Index
				Counterparty: Interactive Brokers
				Expiration:   January 20, 2023
				Exercise Price: $3,890.00		(104,000	)
	3,875,000		10	CBOE S&P 500 Index
				Counterparty: Interactive Brokers
				Expiration:   January 27, 2023
				Exercise Price: $3,875.00		(110,550	)
	3,875,000		10	S&P 500 Index
				Counterparty: Interactive Brokers
				Expiration:   February 3, 2023
				Exercise Price: $3,875.00		(109,950	)
	3,800,000		10	S&P 500 Index
				Counterparty: Interactive Brokers
				Expiration:   February 10, 2023
				Exercise Price: $3,800.00		(88,920	)
		Total Options Written (Premiums Received $593,565)			$	(557,115	)