GPS Funds II NPORT-P GuidePath Growth and Income Fund (Jun 2023 report)

GuidePath® Growth and Income Fund
Schedule of Investments (Unaudited)
June 30, 2023
Number of Shares			Value
		COMMON STOCKS - 34.33%
		Aerospace & Defense - 0.47%
	573	General Dynamics Corp.	$	123,281
	610	Lockheed Martin Corp.		280,832
				404,113
		Air Freight & Logistics - 0.46%
	2,222	United Parcel Service, Inc. - Class B		398,294
		Banks - 1.09%
	4,146	Citizens Financial Group, Inc.		108,128
	13,644	Huntington Bancshares, Inc. (a)		147,082
	657	M&T Bank Corp. (a)		81,310
	961	PNC Financial Services Group, Inc.		121,038
	8,369	Regions Financial Corp.		149,136
	6,522	Truist Financial Corp. (a)		197,943
	4,054	U.S. Bancorp (a)		133,944
				938,581
		Beverages - 2.22%
	15,686	Coca-Cola Co.		944,611
	5,275	PepsiCo, Inc.		977,035
				1,921,646
		Biotechnology - 1.26%
	6,899	AbbVie, Inc.		929,502
	694	Amgen, Inc.		154,082
				1,083,584
		Building Products - 0.30%
	3,761	Johnson Controls International PLC - ADR		256,275
		Capital Markets - 1.27%
	416	BlackRock, Inc. (a)		287,514
	2,398	Blackstone, Inc.		222,942
	981	CME Group, Inc.		181,769
	3,076	State Street Corp.		225,102
	1,581	T. Rowe Price Group, Inc. (a)		177,104
				1,094,431
		Chemicals - 0.76%
	1,243	Air Products & Chemicals, Inc.		372,315
	3,050	LyondellBasell Industries NV - Class A - ADR		280,082
				652,397
		Communications Equipment - 0.83%
	13,918	Cisco Systems, Inc.		720,117
		Consumer Finance - 0.56%
	2,771	Capital One Financial Corp. (a)		303,064
	5,375	Synchrony Financial		182,320
				485,384
		Diversified Telecommunication Services - 0.67%
	15,633	Verizon Communications, Inc.		581,391
		Electric Utilities - 0.49%
	1,764	American Electric Power Co., Inc.		148,529
	849	Eversource Energy (a)		60,211
	3,457	Xcel Energy, Inc.		214,922
				423,662
		Electrical Equipment - 0.47%
	4,477	Emerson Electric Co.		404,676
		Food Products - 0.56%
	2,554	Archer-Daniels-Midland Co.		192,980
	3,741	General Mills, Inc. (a)		286,935
				479,915
		Health Care Equipment & Supplies - 0.43%
	4,238	Medtronic PLC - ADR		373,368
		Health Care Providers & Services - 0.43%
	5,365	CVS Health Corp. (a)		370,882
		Hotels, Restaurants & Leisure - 1.56%
	1,892	McDonald’s Corp.		564,592
	3,617	Starbucks Corp. (a)		358,300
	3,085	Yum! Brands, Inc. (a)		427,427
				1,350,319
		Household Products - 1.91%
	4,743	Colgate-Palmolive Co.		365,401
	1,473	Kimberly-Clark Corp.		203,362
	7,144	Procter & Gamble Co.		1,084,031
				1,652,794
		Industrial Conglomerates - 0.80%
	349	3M Co.		34,931
	3,160	Honeywell International, Inc.		655,699
				690,630
		Insurance - 0.78%
	4,729	Aflac, Inc. (a)		330,084
	2,894	Hartford Financial Services Group, Inc.		208,426
	786	Travelers Cos., Inc.		136,497
				675,007
		IT Services - 1.34%
	1,829	Automatic Data Processing, Inc.		401,996
	4,567	International Business Machines Corp.		611,110
	1,283	Paychex, Inc. (a)		143,529
				1,156,635
		Leisure Products - 0.07%
	910	Hasbro, Inc. (a)		58,941
		Machinery - 0.74%
	634	Caterpillar, Inc.		155,996
	1,076	Cummins, Inc.		263,792
	861	Illinois Tool Works, Inc.		215,388
				635,176
		Media - 0.98%
	18,164	Comcast Corp. - Class A		754,715
	5,877	Paramount Global - Class B (a)		93,503
				848,218
		Multiline Retail - 0.30%
	1,959	Target Corp. (a)		258,392
		Multi-Utilities - 0.87%
	2,577	Ameren Corp.		210,464
	1,692	Consolidated Edison, Inc.		152,957
	1,451	DTE Energy Co.		159,639
	1,591	Sempra Energy		231,633
				754,693
		Oil, Gas & Consumable Fuels - 3.09%
	4,761	Chevron Corp.		749,143
	8,966	Exxon Mobil Corp.		961,604
	17,663	Kinder Morgan, Inc.		304,157
	2,629	Marathon Petroleum Corp.		306,541
	2,967	Valero Energy Corp. (a)		348,029
				2,669,474
		Pharmaceuticals - 3.35%
	6,658	Johnson & Johnson		1,102,033
	9,228	Merck & Co., Inc.		1,064,819
	19,747	Pfizer, Inc.		724,320
				2,891,172
		Road & Rail - 0.38%
	1,604	Union Pacific Corp.		328,210
		Semiconductors & Semiconductor Equipment - 3.30%
	696	Analog Devices, Inc.		135,588
	1,295	Broadcom, Inc.		1,123,323
	11,794	Intel Corp.		394,391
	1,721	QUALCOMM, Inc.		204,868
	5,490	Texas Instruments, Inc.		988,310
				2,846,480
		Specialty Retail - 1.45%
	1,628	Advance Auto Parts, Inc.		114,448
	735	Best Buy Co., Inc. (a)		60,233
	3,476	Home Depot, Inc.		1,079,785
				1,254,466
		Technology Hardware, Storage & Peripherals - 0.20%
	5,634	HP, Inc.		173,020
		Tobacco - 0.38%
	3,341	Philip Morris International, Inc.		326,148
		Trading Companies & Distributors - 0.56%
	1,262	Watsco, Inc. (a)		481,415
		Total Common Stocks (Cost $25,057,239)		29,639,906
		INVESTMENT COMPANIES - 33.98%
		Domestic Equity Funds - 25.87%
	152,453	Global X MLP ETF (a)		6,544,808
	290,443	Schwab U.S. Large-Cap ETF (a)		15,210,499
	5,475	Vanguard High Dividend Yield ETF (a)		580,733
				22,336,040
		Domestic Fixed Income Funds - 0.28%
	2,622	SPDR Bloomberg Barclays 1-3 Month T-Bill ETF		240,752
		International Equity Funds - 7.83%
	106,984	Vanguard International High Dividend Yield ETF		6,761,389
		Total Investment Companies (Cost $26,979,051)		29,338,181
		SHORT-TERM INVESTMENTS - 29.94%
		Money Market Funds - 19.70%
	17,009,078	JPMorgan U.S. Government Money Market Fund
		Effective Yield, 5.03% (b)		17,009,078
Principal Amount
		U.S. Treasury Notes - 10.24%
	3,000,000	1.375%, 09/30/2023 (c)		2,971,546
	3,000,000	0.500%, 11/30/2023 (c)		2,940,996
	3,000,000	2.250%, 03/31/2024		2,929,676
				8,842,218
		Total Short Term Investments (Cost $25,888,462)		25,851,296
Number of Units
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 8.15%
	7,032,234	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 5.22% (b)		7,032,234
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $7,032,234)		7,032,234
		Total Investments (Cost $84,956,986) - 106.40%		91,861,617
		Liabilities in Excess of Other Assets - (6.40)%		(5,524,161	)
		TOTAL NET ASSETS - 100.00%	$	86,337,456

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
(c)	All or portion of this security is held as collateral for certain options written contracts. The approximate value of the portion on these securities held is $5,417,205.
	Glossary of Terms
ADR	American Depositary Receipt

GuidePath Growth and Income Fund
Schedule of Open Futures Contracts (Unaudited)
June 30, 2023
	Description	Number of Contracts Purchased / (Sold)		Long/Short	Notional Value		Settlement Month	Value/ Unrealized Appreciation (Depreciation)
	E-mini S&P 500 Futures		91	Long	$	20,421,538	Sep-23	$	441,138
								$	441,138

GuidePath Growth and Income Fund
Schedule of Options Written (Unaudited)
June 30, 2023
				Options on Equities
Notional Amount		Number of Contracts		Put Options	Value
$	4,290,000		10	CBOE S&P 500 Index
				Counterparty: Interactive Brokers
				Expiration:   July 07, 2023
				Exercise Price: $4,290.00	$	(1,300	)
	4,355,000		10	CBOE S&P 500 Index
				Counterparty: Interactive Brokers
				Expiration:   July 14, 2023
				Exercise Price: $4,355.00		(8,300	)
	4,365,000		10	CBOE S&P 500 Index
				Counterparty: Interactive Brokers
				Expiration:   July 21, 2023
				Exercise Price: $4,365.00		(13,400	)
	4,350,000		10	CBOE S&P 500 Index
				Counterparty: Interactive Brokers
				Expiration:   July 21, 2023
				Exercise Price: $4,350.00		(14,170	)
	4,375,000		10	CBOE S&P 500 Index
				Counterparty: Interactive Brokers
				Expiration:   July 28, 2023
				Exercise Price: $4,375.00		(23,070	)
		Total Written Options (Premiums Received $253,502)			$	(60,240	)