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

GuidePath® Multi-Asset Income Allocation Fund
Schedule of Investments (Unaudited)
December 31, 2023
Number of Shares			Value
		INVESTMENT COMPANIES - 98.92%
		Domestic Equity Funds - 34.11%
	41,053	BlackRock High Equity Income Fund - Institutional Shares	$	1,144,965
	205,001	Global X U.S. Preferred ETF (a)		3,977,019
	34,708	iShares Select Dividend ETF		4,068,472
	73,121	Schwab U.S. Dividend Equity ETF (a)		5,566,703
	77,891	SPDR Portfolio S&P 500 High Dividend ETF (a)		3,052,548
	46,820	Vanguard High Dividend Yield ETF (a)		5,226,516
	1,162	Vanguard S&P 500 ETF		507,562
	65,612	WisdomTree U.S. SmallCap Dividend Fund (a)		2,110,738
	59,616	WisdomTree U.S. LargeCap Dividend Fund		3,957,310
				29,611,833
		Domestic Fixed Income Funds - 35.79%
	101,895	iShares 0-5 Year High Yield Corporate Bond ETF (a)		4,302,006
	49,758	iShares Broad USD Investment Grade Corporate Bond ETF		2,550,595
	36,673	iShares Convertible Bond ETF (a)		2,882,130
	8,169	iShares iBoxx $ Investment Grade Corporate Bond ETF (a)		903,982
	11,230	Schwab U.S. TIPS ETF		586,206
	13,212	SPDR Portfolio Aggregate Bond ETF (a)		338,756
	48,767	SPDR Portfolio Long Term Corporate Bond ETF (a)		1,160,167
	31,731	SPDR Portfolio Short Term Treasury ETF		921,786
	85,773	T Rowe Price Institutional Floating Rate Fund - Institutional Shares		811,408
	1,591,839	Vanguard High-Yield Corporate Fund - Admiral Shares		8,627,768
	8,121	Vanguard Intermediate-Term Treasury ETF (a)		481,738
	34,788	Vanguard Long-Term Treasury ETF (a)		2,140,506
	48,744	Vanguard Mortgage-Backed Securities ETF (a)		2,259,772
	61,807	WisdomTree Floating Rate Treasury Fund (a)		3,105,184
				31,072,004
		Emerging Markets Equity Funds - 6.16%
	201,957	iShares Emerging Markets Dividend ETF		5,349,841
		Emerging Markets Fixed Income Funds - 1.91%
	25,992	Vanguard Emerging Markets Government Bond ETF		1,656,990
		International Equity Funds - 11.67%
	13,457	iShares International Dividend Growth ETF (a)		868,918
	152,230	iShares International Select Dividend ETF		4,260,917
	43,633	SPDR S&P Global Dividend ETF		2,638,488
	66,493	SPDR S&P International Dividend ETF		2,363,826
				10,132,149
		Multi-Asset Funds - 4.85%
	179,735	Loomis Sayles Global Allocation Fund - Class Y		4,214,783
		Opportunistic Fixed Income Funds - 1.93%
	58,863	BlackRock Strategic Income Opportunities Portfolio - Institutional Shares		555,668
	42,261	iShares Fallen Angels USD Bond ETF		1,115,690
				1,671,358
		Real Estate Funds - 2.50%
	24,602	Vanguard Real Estate ETF (a)		2,173,833
		Total Investment Companies (Cost $75,047,457)		85,882,791
Number of Units
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 34.18%
	29,674,572	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 5.55% (b)		29,674,572
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $29,674,572)		29,674,572
		Total Investments (Cost $104,722,030) - 133.10%		115,557,363
		Liabilities in Excess of Other Assets - (33.10)%		(28,736,174	)
		TOTAL NET ASSETS - 100.00%	$	86,821,189
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.