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

GuidePath® Conservative Allocation Fund
Schedule of Investments (Unaudited)
December 31, 2023
Number of Shares			Value
		INVESTMENT COMPANIES - 98.86%
		Alternative Funds - 1.54%
	161,804	SPDR Gold MiniShares Trust (a)(b)	$	6,619,402
		Emerging Markets Equity Funds - 1.36%
	116,248	iShares Core MSCI Emerging Markets ETF		5,879,824
		Emerging Markets Fixed Income Funds - 0.54%
	26,093	iShares J.P. Morgan USD Emerging Markets Bond ETF (a)		2,323,843
		Domestic Equity Funds - 23.61%
	211,034	American Funds - Mutual Fund - Class F3		10,754,275
	188,860	American Funds - Washington Mutual Investors Fund - Class F3		10,795,244
	147,862	iShares Core S&P Small-Cap ETF (a)		16,006,061
	171,703	iShares Edge MSCI Min Vol USA ETF		13,397,985
	97,001	Vanguard High Dividend Yield ETF (a)		10,828,222
	50,289	Vanguard S&P 500 ETF (a)		21,966,235
	119,900	Vanguard Value ETF (a)		17,925,050
				101,673,072
		Domestic Fixed Income Funds - 45.28%
	1,108,048	American Funds - High-Income Trust - Class F3		10,526,458
	1,818,552	American Funds - Multi-Sector Income Fund - Class F3		16,948,900
	1,468,391	American Funds - The Bond Fund of America - Class F3		16,871,815
	122,781	iShares 7-10 Year Treasury Bond ETF		11,834,861
	247,495	iShares Broad USD High Yield Corporate Bond ETF (a)		8,996,443
	104,121	iShares Broad USD Investment Grade Corporate Bond ETF		5,337,242
	169,341	iShares Core U.S. Aggregate Bond ETF (a)		16,807,094
	25,512	iShares iBoxx High Yield Corporate Bond ETF (a)		1,974,374
	52,918	iShares Long-Term Corporate Bond ETF		2,788,249
	48,292	iShares TIPS Bond ETF (a)		5,190,907
	38,466	SPDR Portfolio Short Term Treasury ETF		1,117,437
	6,631,532	Vanguard High-Yield Corporate Fund - Admiral Shares		35,942,903
	62,864	Vanguard Intermediate-Term Corporate Bond ETF (a)		5,109,586
	212,448	Vanguard Long-Term Treasury ETF		13,071,925
	126,730	Vanguard Mortgage-Backed Securities ETF		5,875,203
	21,077	Vanguard Short-Term Corporate Bond ETF		1,630,728
	17,298	Vanguard Total Bond Market ETF		1,272,268
	670,790	WisdomTree Floating Rate Treasury Fund (a)		33,700,490
				194,996,883
		Hybrid Funds - 18.24%
	310,126	American Funds - Capital Income Builder - Class F3		20,524,158
	876,516	American Funds - The Income Fund of America - Class F3		20,519,250
	294,802	iShares Core Aggressive Allocation ETF (a)		20,356,078
	322,615	iShares Core Growth Allocation ETF		17,159,892
				78,559,378
		International Equity Funds - 6.53%
	56,597	iShares Core MSCI Europe ETF (a)		3,113,967
	48,843	iShares MSCI EAFE Min Vol Factor ETF (a)		3,386,773
	90,460	iShares MSCI Switzerland ETF (a)		4,366,504
	48,772	JPMorgan BetaBuilders Canada ETF (a)		3,127,261
	295,209	Vanguard FTSE Developed Markets ETF (a)		14,140,511
				28,135,016
		International Fixed Income Funds - 0.64%
	48,718	SPDR Bloomberg International Treasury Bond ETF		1,129,283
	32,839	Vanguard Total International Bond ETF		1,621,097
				2,750,380
		Real Estate Funds - 1.12%
	26,335	Vanguard Global ex-U.S. Real Estate ETF		1,121,608
	42,073	Vanguard Real Estate ETF (a)		3,717,570
				4,839,178
		Total Investment Companies (Cost $380,753,205)		425,776,976
Number of Units
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 26.86%
	115,686,099	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 5.55% (c)		115,686,099
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $115,686,099)		115,686,099
		Total Investments (Cost $496,439,304) - 125.72%		541,463,075
		Liabilities in Excess of Other Assets - (25.72)%		(110,782,852	)
		TOTAL NET ASSETS - 100.00%	$	430,680,223
Percentages are stated as a percent of net assets.
(a)		All or portion of this security is on loan.
(b)		Non-income producing security.
(c)		Seven-day yield as of December 31, 2023.