GuidePath® Managed Futures Strategy Fund | | | |
| Consolidated Schedule of Investments (Unaudited) | | | |
| December 31, 2022 | | | |
| | | | |
| Principal Amounts | | | | Value | |
| | | SHORT TERM INVESTMENTS - 95.23% | | | |
| | | Certificate of Deposit - 50.32% | | | |
| | | Bank of America NA | | | |
| $ | 8,000,000 | | 3.250%, 01/13/2023 | | $ | 8,000,000 | |
| | 8,000,000 | | 5.050%, 04/12/2023 | | | 8,011,710 | |
| | | | Bank of Montreal | | | | |
| | 7,000,000 | | 3.600%, 06/23/2023 | | | 6,952,353 | |
| | 5,000,000 | | 5.000%, 10/06/2023 | | | 4,986,222 | |
| | | | Bank of Nova Scotia | | | | |
| | 4,000,000 | | 2.970%, 08/16/2023 | | | 4,005,417 | |
| | 10,000,000 | | 5.000%, 08/17/2023 | | | 10,014,664 | |
| | | | CIBC | | | | |
| | 6,000,000 | | 3.590%, 06/26/2023 | | | 5,956,539 | |
| | 5,000,000 | | 5.200%, 09/21/2023 | | | 4,997,951 | |
| | | | Commonwealth Bank of Australia | | | | |
| | 14,000,000 | | 3.400%, 04/20/2023 | | | 14,000,464 | |
| | 6,500,000 | | 4.49%, 06/05/2023 | | | 6,508,890 | |
| | | | Cooperatieve Centrale Raiffe | | | | |
| | 5,000,000 | | 3.350%, 02/13/2023 | | | 5,000,000 | |
| | 10,000,000 | | 5.010% (SOFR + 0.710%), 11/24/2023 | | | 10,019,212 | |
| | | | Mitsubishi Trust & Banking Corp. | | | | |
| | 10,000,000 | | 4.520%, 04/21/2023 | | | 9,991,418 | |
| | 7,000,000 | | 4.520%, 04/21/2023 | | | 6,994,005 | |
| | 3,000,000 | | 5.280%, 05/17/2023 | | | 3,003,725 | |
| | | | Mizuho Bank, Ltd. | | | | |
| | 7,000,000 | | 4.600% (SOFR + 0.300%), 01/20/2023 | | | 7,000,000 | |
| | 3,000,000 | | 4.350%, 02/01/2023 | | | 3,000,026 | |
| | 10,000,000 | | 5.000%, 04/28/2023 | | | 10,005,454 | |
| | | | Royal Bank of Canada | | | | |
| | 7,000,000 | | 3.890%, 05/08/2023 | | | 6,975,818 | |
| | 3,000,000 | | 3.000%, 06/05/2023 | | | 2,974,215 | |
| | | | Sumitomo Mitsui Banking Corp. | | | | |
| | 7,000,000 | | 4.800% (SOFR + 0.500%), 02/23/2023 | | | 7,000,000 | |
| | 10,000,000 | | 4.700% (SOFR + 0.400%), 03/16/2023 | | | 10,000,757 | |
| | | | Sumitomo Mitsui Trust Bank, Ltd. | | | | |
| | 10,000,000 | | 4.270%, 01/04/2023 | | | 10,000,000 | |
| | 5,000,000 | | 4.790%, 02/24/2023 | | | 5,000,074 | |
| | | | Svenska HandelBanken - A Shares | | | | |
| | 7,000,000 | | 4.080%, 02/06/2023 | | | 7,000,069 | |
| | 2,000,000 | | 3.460%, 06/13/2023 | | | 1,986,246 | |
| | | | Toronto Dominion Bank | | | | |
| | 3,000,000 | | 4.020%, 08/22/2023 | | | 2,976,030 | |
| | 15,000,000 | | 5.320%, 09/27/2023 | | | 15,002,350 | |
| | 10,000,000 | | Nordea Bank | | | | |
| | | | 5.070%, 10/23/2023 | | | 10,019,607 | |
| | 20,000,000 | | Oversea-Chinese Banking Corp., Ltd. | | | | |
| | | | 4.620% (SOFR + 0.320%), 02/23/2023 | | | 20,000,000 | |
| | 8,000,000 | | Svenska Handelsbanken - A Shares | | | | |
| | | | 5.090% (SOFR + 0.790%), 10/25/2023 | | | 8,009,725 | |
| | 10,000,000 | | Westpac Banking Corp. | | | | |
| | | | 4.600%, 04/11/2023 | | | 10,000,126 | |
| | | | | | | 245,393,067 | |
| Number of Shares | | | | | | |
| | | | Money Market Funds - 2.90% | | | | |
| | 14,127,927 | | DWS Government Money Market Series - Institutional Shares | | | | |
| | | | Effective Yield, 4.220% (a)(b) | | | 14,127,927 | |
| Principal Amounts | | | | | | |
| | | | United States Treasury Bill - 42.01% | | | | |
| $ | 15,000,000 | | 3.419%, 01/03/2023 (c) | | | 14,997,205 | |
| | 6,000,000 | | 3.911%, 01/10/2023 (c) | | | 5,994,248 | |
| | 18,000,000 | | 3.928%, 01/12/2023 (b)(c)(d) | | | 17,978,829 | |
| | 5,000,000 | | 4.114%, 01/24/2023 (c) | | | 4,987,117 | |
| | 10,000,000 | | 3.703%, 01/26/2023 (c) | | | 9,974,722 | |
| | 10,000,000 | | 3.990%, 02/07/2023 (c) | | | 9,959,788 | |
| | 15,000,000 | | 3.882%, 02/09/2023 (b)(c)(d) | | | 14,938,201 | |
| | 17,500,000 | | 3.994%, 02/14/2023 (c) | | | 17,416,156 | |
| | 22,000,000 | | 4.070%, 02/21/2023 (c) | | | 21,875,645 | |
| | 17,500,000 | | 4.080%, 02/23/2023 (c) | | | 17,396,944 | |
| | 12,000,000 | | 4.311%, 03/09/2023 (c)(d) | | | 11,908,171 | |
| | 15,000,000 | | 4.162%, 03/16/2023 (c) | | | 14,875,756 | |
| | 14,000,000 | | 4.232%, 03/23/2023 (c) | | | 13,869,849 | |
| | 15,000,000 | | 3.876%, 03/30/2023 (c) | | | 14,846,521 | |
| | 14,000,000 | | 4.331%, 04/04/2023 (c) | | | 13,849,096 | |
| | | | | | | 204,868,248 | |
| | | | Total Short Term Investments (Cost $464,510,038) | | | 464,389,242 | |
| | | | | | | | |
| | | | Total Investments (Cost $464,510,038) - 95.23% | | | 464,389,242 | |
| | | | Other assets in excess of liabilities - 4.77% | | | 23,253,022 | |
| | | | TOTAL NET ASSETS - 100.00% | | $ | 487,642,264 | |
| | | | | | | | |
| Percentages are stated as a percent of net assets. | | | | |
| | | | | | | | |
| (a) | | Seven-day yield as of December 31, 2022. | | | | |
| (b) | | All or a portion of this security is held by GuidePath® Managed Futures Strategy Cayman Fund Ltd. | | | | |
| (c) | | Zero coupon bond. The effective yield is listed. | | | | |
| (d) | | All or a portion of this security is held as collateral for certain futures contracts. The approximate value of the portion of these securities held as collateral is $38,832,258. | | | | |
| GuidePath Managed Futures Strategy Fund | | | |
| Consolidated 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) | |
| | | 90-Day Bank Bill Futures | | | 41 | | Long | | $ | 27,668,552 | | Mar-23 | | $ | (9,523 | ) |
| | | Amsterdam IDX Futures | | | 32 | | Long | | | 4,724,692 | | Jan-23 | | | (249,098 | ) |
| | | Brazilian Real Futures | | | 103 | | Long | | | 1,920,435 | | Jan-23 | | | (59,229 | ) |
| | | CAC40 Index Futures | | | 111 | | Long | | | 7,688,217 | | Jan-23 | | | (237,223 | ) |
| |
| | DAX® Index Futures | | | 17 | | Long | | | 6,363,695 | | Mar-23 | | | (202,027 | ) |
| | | | DJIA E-Mini CBOT Futures | | | 40 | | Long | | | 6,657,000 | | Mar-23 | | | (133,139 | ) |
| | | | ECX Emissions Futures (a) | | | 27 | | Long | | | 2,426,905 | | Dec-23 | | | (213,077 | ) |
| | | | E-mini S&P Mid Cap 400 Futures | | | 5 | | Long | | | 1,221,300 | | Mar-23 | | | (35,881 | ) |
| | | | Euro Fx Futures | | | 80 | | Long | | | 10,754,000 | | Mar-23 | | | 51,149 | |
| | | | Euro Stoxx 50® Index Futures | | | 272 | | Long | | | 11,020,456 | | Mar-23 | | | (467,911 | ) |
| | | | Euro Stoxx 600 Futures | | | 143 | | Long | | | 3,245,930 | | Mar-23 | | | (101,495 | ) |
| | | | FTSE 100 Index Futures | | | 170 | | Long | | | 15,344,311 | | Mar-23 | | | (4,326 | ) |
| | | | FTSE JSE Top 40 Futures | | | 76 | | Long | | | 3,029,041 | | Mar-23 | | | (78,604 | ) |
| | | | FTSE MIB Index Futures | | | 76 | | Long | | | 9,643,691 | | Mar-23 | | | (236,847 | ) |
| | | | FTSE Taiwan Index Futures | | | 22 | | Long | | | 1,092,740 | | Jan-23 | | | (17,977 | ) |
| | | | Gold 100 Oz. Futures (a) | | | 23 | | Long | | | 4,200,260 | | Feb-23 | | | 20,533 | |
| | | | IBEX 35® Index Futures | | | 86 | | Long | | | 7,543,538 | | Jan-23 | | | (18,635 | ) |
| | | | Live Cattle Futures (a) | | | 278 | | Long | | | 17,558,480 | | Feb-23 | | | 234,731 | |
| | | | LME Aluminium Futures (a)(b) | | | 23 | | Long | | | 1,363,906 | | Mar-23 | | | (1,471 | ) |
| | | | LME Copper Futures (a)(b) | | | 7 | | Long | | | 1,465,713 | | Mar-23 | | | 18,706 | |
| | | | LME Nickel Futures (a)(b) | | | 18 | | Long | | | 3,244,860 | | Mar-23 | | | 135,201 | |
| | | | LME Zinc Futures (a)(b) | | | 12 | | Long | | | 892,950 | | Mar-23 | | | (81,158 | ) |
| | | | Low Sulphur Gas Oil Futures (a) | | | 26 | | Long | | | 2,355,600 | | Feb-23 | | | 43,348 | |
| | | | Mexican Peso Futures | | | 1,549 | | Long | | | 39,205,190 | | Mar-23 | | | 440,664 | |
| | | | MSCI EAFE Index Futures | | | 26 | | Long | | | 2,534,220 | | Mar-23 | | | (84,089 | ) |
| | | | New Zealand Dollar Futures | | | 317 | | Long | | | 20,110,480 | | Mar-23 | | | (407,274 | ) |
| | | | NY Harbor ULSD Futures (a) | | | 22 | | Long | | | 3,044,580 | | Jan-23 | | | 111,889 | |
| | | | OMXS30 Futures | | | 340 | | Long | | | 6,653,474 | | Jan-23 | | | (259,131 | ) |
| | | | Platinum Futures (a) | | | 83 | | Long | | | 4,494,035 | | Apr-23 | | | 296,562 | |
| | | | RBOB Gasoline Futures (a) | | | 19 | | Long | | | 1,977,683 | | Jan-23 | | | 88,752 | |
| | | | S&P/TSX 60 Index Futures | | | 18 | | Long | | | 3,110,517 | | Mar-23 | | | (107,283 | ) |
| | | | SGX Iron Ore 62% Futures (a) | | | 163 | | Long | | | 1,892,756 | | Feb-23 | | | 113,609 | |
| | | | Silver Futures (a) | | | 159 | | Long | | | 19,111,800 | | Mar-23 | | | 366,501 | |
| | | | Soybean Futures (a) | | | 157 | | Long | | | 11,963,400 | | Mar-23 | | | 435,517 | |
| | | | Soybean Meal Futures (a) | | | 381 | | Long | | | 17,945,100 | | Mar-23 | | | 1,343,179 | |
| | | | Soybean Oil Futures (a) | | | 79 | | Long | | | 3,036,918 | | Mar-23 | | | (280,676 | ) |
| | | | SPI 200 Index Futures | | | 148 | | Long | | | 17,613,889 | | Mar-23 | | | (449,736 | ) |
| | | | Sugar No. 11 Futures (a) | | | 747 | | Long | | | 16,766,266 | | Feb-23 | | | (85,733 | ) |
| | | | Swiss Franc Futures | | | 154 | | Long | | | 20,986,350 | | Mar-23 | | | (11,531 | ) |
| | | | Topix Index Futures | | | 22 | | Long | | | 3,170,756 | | Mar-23 | | | (89,540 | ) |
| | | | 3 Month SOFR Futures | | | (1,586 | ) | Short | | | (376,833,600 | ) | Sep-23 | | | 771,732 | |
| | | | Australian 10-Year Treasury Bond Futures | | | (282 | ) | Short | | | (22,210,838 | ) | Mar-23 | | | 102,339 | |
| | | | Australian 3-Year Treasury Bond Futures | | | (473 | ) | Short | | | (34,393,072 | ) | Mar-23 | | | 36,756 | |
| | | | Australian Dollar Futures | | | (329 | ) | Short | | | (22,465,765 | ) | Mar-23 | | | (223,059 | ) |
| | | | Bank Accept Futures | | | (339 | ) | Short | | | (59,443,925 | ) | Mar-23 | | | 152,541 | |
| | | | Brent Crude Futures (a) | | | (17 | ) | Short | | | (1,460,470 | ) | Jan-23 | | | (137,521 | ) |
| | | | British Pound Futures | | | (64 | ) | Short | | | (4,833,600 | ) | Mar-23 | | | (6,705 | ) |
| | | | Canadian 10-Year Bond Futures | | | (42 | ) | Short | | | (3,801,403 | ) | Mar-23 | | | (6,478 | ) |
| | | | Canadian Dollar Futures | | | (656 | ) | Short | | | (48,491,520 | ) | Mar-23 | | | (8,185 | ) |
| | | | Coffee ‘C’ Futures (a) | | | (171 | ) | Short | | | (10,728,113 | ) | Mar-23 | | | (297,320 | ) |
| | | | Corn Futures (a) | | | (41 | ) | Short | | | (1,390,925 | ) | Mar-23 | | | (68,819 | ) |
| | | | Cotton No. 2 Futures (a) | | | (92 | ) | Short | | | (3,835,020 | ) | Mar-23 | | | (140,682 | ) |
| | | | E-mini NASDAQ 100 Futures | | | (57 | ) | Short | | | (12,565,365 | ) | Mar-23 | | | 484,239 | |
| | | | E-mini Russell 2000 Futures | | | (72 | ) | Short | | | (6,375,240 | ) | Mar-23 | | | 52,267 | |
| | | | E-mini S&P 500 Futures | | | (26 | ) | Short | | | (5,019,300 | ) | Mar-23 | | | 50,139 | |
| | | | Euribor 3 Month Futures | | | (2,388 | ) | Short | | | (619,820,700 | ) | Mar-23 | | | 370,454 | |
| | | | Euro-Bobl Futures | | | (847 | ) | Short | | | (104,946,799 | ) | Mar-23 | | | 1,905,084 | |
| | | | Euro-BTP Futures | | | (110 | ) | Short | | | (12,825,228 | ) | Mar-23 | | | 430,532 | |
| | | | Euro-BTP Futures - Short | | | (346 | ) | Short | | | (38,930,046 | ) | Mar-23 | | | 125,251 | |
| | | | Euro-Bund Futures | | | (336 | ) | Short | | | (47,810,916 | ) | Mar-23 | | | 1,579,974 | |
| | | | Euro-Buxl® 30 Year Futures | | | (86 | ) | Short | | | (12,449,973 | ) | Mar-23 | | | 805,047 | |
| | | | Euro-OAT Futures | | | (419 | ) | Short | | | (57,096,201 | ) | Mar-23 | | | 2,157,592 | |
| | | | Euro-Schatz Futures | | | (3,204 | ) | Short | | | (361,559,940 | ) | Mar-23 | | | 3,355,470 | |
| | | | FTSE China A50 Index Futures | | | (296 | ) | Short | | | (3,872,864 | ) | Jan-23 | | | (36,515 | ) |
| | | | ICE 3 Month Sonia Futures | | | (336 | ) | Short | | | (97,185,551 | ) | Jun-23 | | | (831,085 | ) |
| | | | Indian Rupee Futures | | | (315 | ) | Short | | | (7,604,100 | ) | Jan-23 | | | (9,321 | ) |
| | | | Japanese Yen Futures | | | (239 | ) | Short | | | (23,024,663 | ) | Mar-23 | | | (1,071,446 | ) |
| | | | KC HRW Wheat Future (a) | | | (20 | ) | Short | | | (888,000 | ) | Mar-23 | | | (41,284 | ) |
| | | | Lean Hogs Futures (a) | | | (16 | ) | Short | | | (561,280 | ) | Feb-23 | | | (34,207 | ) |
| | | | LME Aluminium Futures (a)(b) | | | (69 | ) | Short | | | (4,091,717 | ) | Mar-23 | | | (60,734 | ) |
| | | | LME Copper Futures (a)(b) | | | (7 | ) | Short | | | (1,465,713 | ) | Mar-23 | | | (153,793 | ) |
| | | | LME Zinc Futures (a)(b) | | | (19 | ) | Short | | | (1,413,838 | ) | Mar-23 | | | (30,822 | ) |
| | | | Long Gilt Futures | | | (178 | ) | Short | | | (21,497,896 | ) | Mar-23 | | | 575,479 | |
| | | | MSCI Emerging Markets Index Futures | | | (140 | ) | Short | | | (6,715,800 | ) | Mar-23 | | | 188,808 | |
| | | | MSCI Singapore Index Futures | | | (17 | ) | Short | | | (368,773 | ) | Jan-23 | | | 1,652 | |
| | | | Natural Gas Futures (a) | | | (134 | ) | Short | | | (5,996,500 | ) | Jan-23 | | | 575,049 | |
| | | | Nikkei 225 Futures | | | (54 | ) | Short | | | (10,730,875 | ) | Mar-23 | | | 52,016 | |
| | | | Palladium Futures (a) | | | (7 | ) | Short | | | (1,258,600 | ) | Mar-23 | | | (29,578 | ) |
| | | | South African Rand Futures | | | (261 | ) | Short | | | (7,627,725 | ) | Mar-23 | | | (298,267 | ) |
| | | | U.S. Treasury 10-Year Note Futures | | | (392 | ) | Short | | | (44,020,375 | ) | Mar-23 | | | 102,282 | |
| | | | U.S. Treasury 2-Year Note Futures | | | (1,154 | ) | Short | | | (236,660,157 | ) | Mar-23 | | | (193,296 | ) |
| | | | U.S. Treasury 5-Year Note Futures | | | (630 | ) | Short | | | (67,995,703 | ) | Mar-23 | | | 125,036 | |
| | | | U.S. Treasury Long Bond Futures | | | (144 | ) | Short | | | (18,049,500 | ) | Mar-23 | | | 83,599 | |
| | | | U.S. Treasury Ultra Bond Futures | | | (115 | ) | Short | | | (15,445,938 | ) | Mar-23 | | | 45,359 | |
| | | | U.S. Ultra 10 Year Future | | | (197 | ) | Short | | | (23,301,406 | ) | Mar-23 | | | 30,872 | |
| | | | Wheat Futures (a) | | | (162 | ) | Short | | | (6,415,200 | ) | Mar-23 | | | (370,272 | ) |
| | | | WTI Crude Futures (a) | | | (73 | ) | Short | | | (5,858,980 | ) | Jan-23 | | | (614,311 | ) |
| | | | | | | | | | | | | | | | $ | 9,273,596 | |
| | | | | | | | | | | | | | | | | | |
| (a) | | All or a portion of this security is held by GuidePath® Managed Futures Strategy Cayman Fund Ltd. | | | | | | |
| (b) | | London Metal Exchange (“LME”) futures contracts settle on their respective maturity date, and do not have daily cash movements like other futures contracts. The unrealized appreciation on these contracts is a receivable for unsettled open futures contracts and the unrealized depreciation is a payable for unsettled open futures contracts on the Fund’s consolidated statement of assets and liabilities. | | | | | | |
| | | | | | | | | | | | | | | | | | |
| GuidePath Managed Futures Strategy Fund | | | | |
| Consolidated Schedule of Open Forward Currency Contracts (Unaudited) | | | | |
| December 31, 2022 | | | | |
| | | | | | | | | | | | | | | | | | |
| Forward | | | | | | | Amount of | | | | | Amount of | | Unrealized | |
| Expiration | | | | Currency to be | | Currency to | | Currency to be | | Currency to | | Appreciation | |
| Date | | Counterparty | | received | | be received | | delivered | | be delivered | | (Depreciation) | |
| 3/15/2023 | | UBS AG | | Chinese Yuan Renminbi | | 34,000,000 | | U.S. Dollar | �� | 4,906,950 | | $ | 34,677 | |
| 3/15/2023 | | UBS AG | | Chinese Yuan Renminbi | | 9,000,000 | | U.S. Dollar | | 1,303,729 | | | 4,349 | |
| 3/15/2023 | | UBS AG | | Chinese Yuan Renminbi | | 11,000,000 | | U.S. Dollar | | 1,590,445 | | | 8,317 | |
| 3/15/2023 | | UBS AG | | New Turkish Lira | | 23,100,000 | | U.S. Dollar | | 1,187,905 | | | (21,111 | ) |
| 3/15/2023 | | UBS AG | | Norwegian Krone | | 8,000,000 | | U.S. Dollar | | 813,752 | | | 5,523 | |
| 3/15/2023 | | UBS AG | | Norwegian Krone | | 6,000,000 | | U.S. Dollar | | 615,775 | | | (1,319 | ) |
| 3/15/2023 | | UBS AG | | Norwegian Krone | | 10,000,000 | | U.S. Dollar | | 1,021,583 | | | 2,512 | |
| 3/15/2023 | | UBS AG | | Polish Zloty | | 6,000,000 | | U.S. Dollar | | 1,351,751 | | | 8,937 | |
| 3/15/2023 | | UBS AG | | Polish Zloty | | 38,500,000 | | U.S. Dollar | | 8,717,246 | | | 13,832 | |
| 3/15/2023 | | UBS AG | | Polish Zloty | | 39,000,000 | | U.S. Dollar | | 8,676,343 | | | 168,126 | |
| 3/15/2023 | | UBS AG | | Singapore Dollar | | 21,625,000 | | U.S. Dollar | | 16,086,788 | | | 78,336 | |
| 3/15/2023 | | UBS AG | | Singapore Dollar | | 100,375,000 | | U.S. Dollar | | 74,307,831 | | | 721,631 | |
| 3/15/2023 | | UBS AG | | Swedish Krona | | 6,000,000 | | U.S. Dollar | | 579,043 | | | (1,559 | ) |
| 3/15/2023 | | UBS AG | | Swedish Krona | | 14,000,000 | | U.S. Dollar | | 1,369,652 | | | (22,189 | ) |
| 3/15/2023 | | UBS AG | | U.S. Dollar | | 23,045,059 | | Chinese Yuan Renminbi | | 160,000,001 | | | (209,657 | ) |
| 3/15/2023 | | UBS AG | | U.S. Dollar | | 10,326,624 | | Norwegian Krone | | 102,000,000 | | | (119,136 | ) |
| 3/15/2023 | | UBS AG | | U.S. Dollar | | 13,837,813 | | Swedish Krona | | 142,000,000 | | | 170,689 | |
| | | | | | | | | | | | | | | | $ | 841,958 | |
