GPS Funds II NPORT-P GuidePath Multi-Asset Income Allocation Fund (Jun 2023 report)

GuidePath® Multi-Asset Income Allocation Fund
Schedule of Investments (Unaudited)
June 30, 2023
Number of Shares			Value
		INVESTMENT COMPANIES - 98.93%
		Domestic Equity Funds - 33.14%
	31,491	BlackRock High Equity Income Fund - Institutional Shares	$	869,771
	210,469	Global X US Preferred ETF		4,080,994
	35,280	iShares Select Dividend ETF (a)		3,997,224
	76,379	Schwab US Dividend Equity ETF (a)		5,546,643
	78,264	SPDR Portfolio S&P 500 High Dividend ETF (a)		2,902,029
	46,685	Vanguard High Dividend Yield ETF (a)		4,951,877
	1,292	Vanguard S&P 500 ETF (a)		526,206
	69,813	WisdomTree U.S. SmallCap Dividend Fund (a)		2,009,916
	63,315	WisdomTree US LargeCap Dividend Fund		4,026,834
				28,911,494
		Domestic Fixed Income Funds - 38.32%
	109,144	iShares 0-5 Year High Yield Corporate Bond ETF (a)		4,524,018
	51,195	iShares Broad USD Investment Grade Corporate Bond ETF (a)		2,564,358
	37,783	iShares Convertible Bond ETF		2,885,110
	8,307	iShares iBoxx $ Investment Grade Corporate Bond ETF (a)		898,319
	11,540	Schwab U.S. TIPS ETF		605,042
	13,551	SPDR Portfolio Aggregate Bond ETF		343,789
	47,952	SPDR Portfolio Long Term Corporate Bond ETF		1,115,364
	33,830	SPDR Portfolio Short Term Treasury ETF		973,966
	153,367	T. Rowe Price Institutional Floating Rate Fund - Investor Shares		1,429,377
	1,906,603	Vanguard High-Yield Corporate Fund - Admiral Shares		9,952,470
	8,417	Vanguard Intermediate-Term Treasury ETF (a)		493,741
	32,136	Vanguard Long-Term Treasury ETF (a)		2,041,600
	49,290	Vanguard Mortgage-Backed Securities ETF		2,266,847
	66,422	WisdomTree Floating Rate Treasury Fund (a)		3,342,355
				33,436,356
		International Equity Funds - 17.65%
	217,847	iShares Emerging Markets Dividend ETF (a)		5,337,252
	14,020	iShares International Dividend Growth ETF (a)		869,520
	159,190	iShares International Select Dividend ETF		4,191,473
	45,325	SPDR S&P Global Dividend ETF		2,602,108
	69,696	SPDR S&P International Dividend ETF (a)		2,396,845
				15,397,198
		International Fixed Income Funds - 1.88%
	26,400	Vanguard Emerging Markets Government Bond ETF		1,643,928
		Multi-Asset Funds - 4.98%
	193,899	Loomis Sayles Global Allocation Fund - Class Y		4,349,153
		Opportunistic Fixed Income Funds - 0.65%
	61,812	BlackRock Strategic Income Opportunities Portfolio - Institutional Shares		567,437
		Real Estate Funds - 2.31%
	24,109	Vanguard Real Estate ETF (a)		2,014,548
		Total Investment Companies (Cost $79,390,006)		86,320,114
		SHORT TERM INVESTMENTS - 1.05%
		Money Market Funds - 1.05%
	918,196	JPMorgan U.S. Government Money Market Fund
		Effective Yield, 5.03% (b)		918,196
		Total Money Market Funds (Cost $918,196)		918,196
Number of Units
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 22.12%
	19,297,194	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 5.22% (b)		19,297,194
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $19,297,194)		19,297,194
		Total Investments (Cost $99,605,396) - 122.11%		106,535,504
		Liabilities in Excess of Other Assets - (22.11)%		(19,286,562	)
		TOTAL NET ASSETS - 100.00%	$	87,248,942

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, 2023.