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

GuidePath® Flexible Income Allocation Fund
Schedule of Investments (Unaudited)
December 31, 2023
Number of Shares			Value
		INVESTMENT COMPANIES - 96.17%
		Alternative Funds - 13.56%
	228,513	JPMorgan Research Market Neutral Fund - Class I (c)	$	3,265,451
	2,419,657	Stone Ridge Diversified Alternatives Fund - Class I		25,769,351
	535,384	Vanguard Market Neutral Fund - Institutional Shares (c)		7,056,366
				36,091,168
		Domestic Equity Funds - 1.25%
	113,146	Goldman Sachs US Equity Dividend and Premium Fund - Institutional Class		1,683,613
	120,137	JPMorgan Equity Premium Income Fund - Class I		1,649,474
				3,333,087
		Domestic Fixed Income Funds - 66.60%
	566,254	iShares Broad USD High Yield Corporate Bond ETF (a)		20,583,333
	117,346	iShares iBoxx $ Investment Grade Corporate Bond ETF (a)		12,985,508
	1,814,013	JPMorgan Short Duration Core Plus Fund - Class I		16,580,079
	188,589	SPDR Bloomberg Barclays High Yield Bond ETF (a)		17,865,036
	209,876	SPDR Bloomberg Barclays Short Term High Yield Bond ETF (a)		5,276,283
	416,306	SPDR Portfolio Short Term Treasury ETF (a)		12,093,689
	6,548,682	Vanguard High-Yield Corporate Fund - Admiral Shares		35,493,857
	581,696	Vanguard Long-Term Treasury ETF (a)		35,791,756
	579,435	Xtrackers USD High Yield Corporate Bond ETF (a)		20,598,914
				177,268,455
		Emerging Markets Fixed Income Funds - 4.87%
	203,091	Vanguard Emerging Markets Government Bond ETF		12,947,051
		Opportunistic Fixed Income Funds - 9.89%
	808,322	Eaton Vance Short Duration Strategic Income Fund - Class I		5,359,175
	1,313,904	JPMorgan Income Fund - Class I		10,971,101
	1,033,259	JPMorgan Unconstrained Debt Fund - Class I		10,001,943
				26,332,219
		Total Investment Companies (Cost $248,724,851)		255,971,980
		SHORT TERM INVESTMENTS - 2.22%
		Money Market Funds - 2.22%
	5,895,855	JPMorgan US Government Money Market Fund
		Effective Yield, 5.29% (b)		5,895,855
		Total Short Term Investments (Cost $5,895,855)		5,895,855
Number of Units
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 19.30%
	51,376,553	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 5.55% (b)		51,376,553
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $51,376,553)		51,376,553
		Total Investments (Cost $305,997,259) - 117.69%		313,244,388
		Liabilities in Excess of Other Assets - (17.69)%		(47,082,485	)
		TOTAL NET ASSETS - 100.00%	$	266,161,903
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 December 31, 2023.
(c)		Certain GuidePath Funds invest in securities of unaffiliated underlying funds in accordance with Section 12(d)(1)(F) of the Investment Company Act of 1940. Such investments are potentially illiquid, because an unaffiliated underlying fund, under the terms of Section 12(d)(1)(F), is not obligated to redeem its shares in an amount exceeding 1% of its total outstanding shares during any period of less than thirty days. Investments made in accordance with Section 12(d)(1)(F) that exceed 1% of the oustanding shares of each underlying fund, and therefore are potentially illiquid, amount to $2,966,578 or 1.11% of total net assets as of December 31, 2023.