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

GuidePath® Tactical Allocation Fund
Schedule of Investments (Unaudited)
December 31, 2023
Number of Shares			Value
		COMMON STOCKS - 70.70%
		Air Freight & Logistics - 3.10%
	133,889	Expeditors International of Washington, Inc.	$	17,030,681
		Biotechnology - 8.79%
	60,806	Gilead Sciences, Inc.		4,925,894
	19,297	Regeneron Pharmaceuticals, Inc. (b)		16,948,362
	50,027	United Therapeutics Corp. (b)		11,000,437
	37,982	Vertex Pharmaceuticals, Inc. (b)		15,454,496
				48,329,189
		Building Products - 2.97%
	97,925	Builders FirstSource, Inc. (b)		16,347,600
		Electric Utilities - 1.63%
	257,284	OGE Energy Corp.		8,986,930
		Food & Staples Retailing - 1.79%
	204,786	Sprouts Farmers Market, Inc. (a)(b)		9,852,254
		Health Care Providers & Services - 2.64%
	63,887	Laboratory Corp of America Holdings (a)		14,520,876
		Household Durables - 7.80%
	112,576	DR Horton, Inc.		17,109,301
	152,583	PulteGroup, Inc.		15,749,617
	187,614	Taylor Morrison Home Corp. (b)		10,009,207
				42,868,125
		Household Products - 2.93%
	109,996	Procter & Gamble Co.		16,118,814
		Insurance - 13.59%
	227,830	Aflac, Inc.		18,795,975
	154,517	Arch Capital Group Ltd. - ADR (b)		11,475,978
	43,364	Everest Group Ltd. - ADR		15,332,643
	220,045	Hartford Financial Services Group, Inc.		17,687,217
	252,356	Unum Group		11,411,538
				74,703,351
		Interactive Media & Services - 4.20%
	48,422	Alphabet, Inc. - Class A (b)		6,764,069
	46,104	Meta Platforms, Inc. - Class A (b)		16,318,972
				23,083,041
		Machinery - 1.76%
	33,434	Snap-on, Inc.		9,657,077
		Metals & Mining - 2.04%
	95,219	Steel Dynamics, Inc. (a)		11,245,364
		Oil, Gas & Consumable Fuels - 1.84%
	50,918	Devon Energy Corp.		2,306,586
	177,670	PBF Energy, Inc. - Class A		7,810,373
				10,116,959
		Pharmaceuticals - 0.68%
	130,171	Pfizer, Inc.		3,747,623
		Professional Services - 3.13%
	122,233	Robert Half, Inc.		10,746,726
	52,123	Science Applications International Corp.		6,479,931
				17,226,657
		Semiconductors & Semiconductor Equipment - 2.28%
	149,931	ON Semiconductor Corp. (a)(b)		12,523,736
		Software - 5.01%
	73,207	Microsoft Corp.		27,528,760
		Technology Hardware, Storage & Peripherals - 4.52%
	128,997	Apple, Inc.		24,835,792
		Total Common Stocks (Cost $313,004,886)		388,722,829
		INVESTMENT COMPANIES - 27.25%
		Domestic Equity Funds - 3.00%
	34,446	iShares Core S&P 500 ETF		16,452,443
		Alternative Funds - 24.25%
	1,791,449	ProShares Ultra S&P500		116,569,586
	306,731	ProShares UltraPro S&P 500 ETF (a)		16,790,455
				133,360,041
		Total Investment Companies (Cost $136,813,281)		149,812,484
		SHORT-TERM INVESTMENTS - 0.83%
		Money Market Funds - 0.83%
	4,578,914	JPMorgan U.S. Government Money Market Fund
		Effective Yield, 5.29% (c)		4,578,914
		Total Short-Term Investments (Cost $4,578,914)		4,578,914
Number of Units
		INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING COLLATERAL - 7.21%
	39,625,201	Mount Vernon Liquid Assets Portfolio, LLC
		Effective Yield, 5.55% (c)		39,625,201
		Total Investments Purchased with Proceeds from Securities Lending Collateral (Cost $39,625,201)		39,625,201
		Total Investments (Cost $494,022,282) - 105.99%		582,739,428
		Liabilities in Excess of Other Assets - (5.99)%		(32,913,526	)
		TOTAL NET ASSETS - 100.00%	$	549,825,902
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.
		Glossary of Terms
ADR		American Depository Reserve