GPS Funds II NPORT-P GuidePath Conservative Allocation Fund (Jun 2023 report)

GuidePath® Conservative Allocation Fund
Schedule of Investments (Unaudited)
June 30, 2023
Number of Shares			Value
		INVESTMENT COMPANIES - 98.91%
		Alternative Funds - 1.48%
	168,699	SPDR Gold MiniShares Trust (a)	$	6,425,745
		Domestic Equity Funds - 23.86%
	219,813	American Funds - Mutual Fund - Class F3		10,909,333
	209,527	American Funds - Washington Mutual Investors Fund - Class F3		11,341,699
	149,772	iShares Core S&P Small-Cap ETF		14,924,780
	186,515	iShares Edge MSCI Min Vol USA ETF		13,863,660
	100,515	Vanguard High Dividend Yield ETF (b)		10,661,626
	58,047	Vanguard S&P 500 ETF (b)		23,641,382
	127,461	Vanguard Value ETF		18,112,208
				103,454,688
		Domestic Fixed Income Funds - 45.17%
	1,172,375	American Funds - High-Income Trust - Class F3		10,727,229
	1,886,840	American Funds - Multi-Sector Income Fund - Class F3		17,038,162
	1,466,045	American Funds - The Bond Fund of America - Class F3		16,624,948
	119,592	iShares 7-10 Year Treasury Bond ETF (b)		11,552,587
	259,627	iShares Broad USD High Yield Corporate Bond ETF		9,164,833
	104,655	iShares Broad USD Investment Grade Corporate Bond ETF		5,242,169
	168,979	iShares Core U.S. Aggregate Bond ETF		16,551,493
	26,722	iShares iBoxx High Yield Corporate Bond ETF (b)		2,006,021
	50,779	iShares Long-Term Corporate Bond ETF		2,617,657
	48,021	iShares TIPS Bond ETF (b)		5,168,020
	39,837	SPDR Portfolio Short Term Treasury ETF		1,146,907
	7,006,302	Vanguard High-Yield Corporate Fund - Admiral Shares		36,572,897
	63,219	Vanguard Intermediate-Term Corporate Bond ETF		4,996,198
	191,014	Vanguard Long-Term Treasury ETF (b)		12,135,119
	125,327	Vanguard Mortgage-Backed Securities ETF		5,763,789
	21,989	Vanguard Short-Term Corporate Bond ETF (b)		1,663,688
	17,286	Vanguard Total Bond Market ETF		1,256,519
	708,361	WisdomTree Floating Rate Treasury Fund (b)		35,644,725
				195,872,961
		Hybrid Funds - 18.35%
	317,449	American Funds - Capital Income Builder - Class F3		20,408,827
	896,889	American Funds - The Income Fund of America - Class F3		20,413,198
	317,567	iShares Core Aggressive Allocation ETF		21,067,395
	343,340	iShares Core Growth Allocation ETF (b)		17,664,843
				79,554,263
		International Equity Funds - 7.84%
	121,511	iShares Core MSCI Emerging Markets ETF (b)		5,989,277
	57,960	iShares Core MSCI Europe ETF		3,050,435
	50,101	iShares MSCI EAFE Min Vol Factor ETF		3,381,818
	92,069	iShares MSCI Switzerland ETF		4,254,508
	50,910	JPMorgan Beta Builders Canada ETF		3,118,747
	306,935	Vanguard FTSE Developed Markets ETF		14,174,258
				33,969,043
		International Fixed Income Funds - 1.16%
	26,542	iShares J.P. Morgan USD Emerging Markets Bond ETF (b)		2,296,945
	47,719	SPDR Bloomberg Barclays International Treasury Bond ETF		1,076,063
	34,188	Vanguard Total International Bond ETF (b)		1,671,109
				5,044,117
		Real Estate Funds - 1.05%
	26,896	Vanguard Global ex-U.S. Real Estate ETF		1,080,950
	41,351	Vanguard Real Estate ETF (b)		3,455,290
				4,536,240
		Total Investment Companies (Cost $398,326,919)		428,857,057
		SHORT TERM INVESTMENTS - 1.03%
		Money Market Funds- 1.03%
	4,455,174	JPMorgan U.S. Government Money Market Fund
		Effective Yield, 5.03% (c)		4,455,174
		Total Short Term Investments (Cost $4,455,174)		4,455,174
Number of Units
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 10.48%
	45,458,407	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 5.22% (c)		45,458,407
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $45,458,407)		45,458,407
		Total Investments (Cost $448,240,500) - 110.42%		478,770,638
		Liabilities in Excess of Other Assets - (10.42)%		(45,167,077	)
		TOTAL NET ASSETS - 100.00%	$	433,603,561

Percentages are stated as a percent of net assets.
(a)	Non-income producing security.
(b)	All or portion of this security is on loan.
(c)	Seven-day yield as of June 30 2023.