GPS Funds II NPORT-P GuidePath Flexible Income Allocation Fund (Jun 2024 report)

GuidePath Flexible Income Allocation Fund
Schedule of Investments
June 30, 2024 (Unaudited)
INVESTMENT COMPANIES - 97.0%	Shares		Value
Alternative Funds - 15.3%
JPMorgan Hedged Equity Fund - Select Shares - Class I(c)		105,228	$	3,281,000
JPMorgan Research Market Neutral Fund - Class I		211,102		3,278,411
Stone Ridge Diversified Alternatives Fund - Class I		2,425,965		25,812,269
Vanguard Market Neutral Fund - Class Institutional(c)		551,725		7,635,880
				40,007,560
Domestic Equity Funds - 1.3%
Goldman Sachs US Equity Dividend and Premium Fund - Class Institutional		99,634		1,651,939
JPMorgan Equity Premium Income ETF		29,059		1,647,064
				3,299,003
Domestic Fixed Income Funds - 66.4%
iShares Broad USD High Yield Corporate Bond ETF		558,784		20,272,683
JPMorgan Short Duration Core Plus Fund - Class I		934,941		8,545,361
Pacer Pacific Asset Floating Rate High Income ETF (a)		75,637		3,596,539
Schwab Short-Term U.S. Treasury ETF (a)		26,414		1,271,306
Schwab U.S. TIPS ETF (a)		311,277		16,189,517
SPDR Bloomberg High Yield Bond ETF (a)		186,344		17,566,649
SPDR Bloomberg Short Term High Yield Bond ETF		209,641		5,234,736
SPDR Portfolio Short Term Treasury ETF		704,187		20,329,879
Vanguard High-Yield Corporate Fund - Class Admiral		7,364,284		39,546,206
Vanguard Short-Term Treasury ETF		350,636		20,333,382
Xtrackers USD High Yield Corporate Bond ETF (a)		571,744		20,274,042
				173,160,300
Emerging Markets Fixed Income Funds - 4.8%
Vanguard Emerging Markets Government Bond ETF (a)		198,488		12,486,880
Opportunistic Fixed Income Funds - 9.2%
Eaton Vance Strategic Income Fund - Class I		600,336		3,944,207
JPMorgan Income Fund - Class I		1,295,099		10,865,882
JPMorgan Unconstrained Debt Fund - Class I		956,947		9,196,256
				24,006,345
TOTAL INVESTMENT COMPANIES (Cost $248,196,533)				252,960,088
SHORT-TERM INVESTMENTS - 14.0%
Investments Purchased with Proceeds from Securities Lending - 13.0%	Units
Mount Vernon Liquid Assets Portfolio, LLC, 5.46% (b)		33,754,088		33,754,088
Money Market Funds - 1.0%	Shares
JPMorgan U.S. Government Money Market Fund - Class IM, 5.25% (b)		2,709,775		2,709,776
TOTAL SHORT-TERM INVESTMENTS (Cost $36,463,864)				36,463,864
TOTAL INVESTMENTS - 111.0% (Cost $284,660,397)				289,423,952
Liabilities in Excess of Other Assets - (11.0)%				(28,717,728	)
TOTAL NET ASSETS - 100.0%			$	260,706,224
Percentages are stated as a percent of net assets.
The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

(a)	All or a portion of this security is on loan as of June 30, 2024. The total market value of these securities was $32,920,968 which represented 12.6% of net assets.
(b)	The rate shown represents the 7-day effective yield as of June 30, 2024.
(c)	Certain GuidePath Funds invest in securities of underlying funds in accordance with Section 12(d)(1)(F) of the Investment Company Act of 1940. Such investments are potentially illiquid, because an 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 outstanding shares of each underlying fund, and therefore are potentially illiquid, amount to $3,384,366 or 1.30`% of total net assets as of June 30, 2024.