GPS Funds II NPORT-P GuidePath Managed Futures Strategy Fund (Jun 2024 report)

GuidePath Managed Futures Strategy Fund
Consolidated Schedule of Investments
as of June 30, 2024 (Unaudited)
SHORT-TERM INVESTMENTS – 84.9%	Par		Value
Certificates of Deposit - 52.6%
Bank of America NA, 5.38%, 07/18/2024		3,000,000	$	3,000,000
Bank of America NA, 5.40%, 01/06/2025		7,000,000		6,996,907
Bank of Nova Scotia, 5.91%, 08/21/2024		10,000,000		10,000,000
BNP Paribas, 5.27%, 10/04/2024		10,000,000		9,992,771
BNP Paribas, 5.20%, 12/19/2024		8,000,000		7,986,733
Canadian Imperial Bank of Commerce, 5.59%, 02/13/2025		2,500,000		2,500,659
Canadian Imperial Bank of Commerce, 5.64%, 03/06/2025		7,000,000		7,003,272
Cooperatieve Rabobank UA, 5.63%, 02/04/2025		3,000,000		3,001,733
Cooperatieve Rabobank UA, 5.52%, 11/04/2024		5,000,000		5,001,579
DG Bank, 5.47%, 12/04/2024		4,000,000		4,000,106
DNB Bank ASA, 5.29%, 07/02/2024		8,000,000		8,000,000
Mitsubishi UFJ Trust & Banking Corp., 5.51%, 08/19/2024		5,000,000		5,000,000
MUFG Bank Ltd., 5.47%, 11/12/2024		4,500,000		4,499,652
Oversea Chinese Banking Corp., Ltd., 5.50%, 09/11/2024		5,000,000		5,000,370
Royal Bank of Canada, 5.96%, 09/20/2024		10,000,000		10,006,850
Skandinaviska Enskilda Banken, 5.25%, 10/08/2024		10,000,000		9,991,891
Sumitomo Mitsui Banking Corp., 5.31%, 07/11/2024		8,000,000		8,000,000
Sumitomo Mitsui Banking Corp., 5.51%, 08/07/2024		10,000,000		10,000,000
Svenska Handelsbanken, 5.88%, 10/04/2024		10,000,000		10,012,613
Toronto Dominion Bank, 5.97%, 10/07/2024		11,000,000		11,008,527
Toronto Dominion Bank, 5.95%, 07/02/2024		2,000,000		2,000,000
Westpac Banking Corp, 5.84%, 08/15/2024		5,000,000		5,000,000
				148,003,663
Money Market Funds - 6.6%	Shares
JPMorgan U.S. Government Money Market Fund - Class IM, 5.25%(a)		18,611,071		18,611,071
U.S. Treasury Bills - 25.7%	Par
5.31%, 07/02/2024(b)		4,000,000		3,999,415
5.31%, 07/09/2024(b)		3,000,000		2,996,492
5.11%, 07/11/2024(b)		2,000,000		1,997,231
5.31%, 07/23/2024(b)		10,000,000		9,967,810
5.31%, 08/01/2024(b)		7,000,000		6,968,384
5.29%, 08/06/2024(b)		5,000,000		4,973,750
5.26%, 08/13/2024(b)		5,000,000		4,968,855
5.31%, 08/22/2024(b)		8,000,000		7,939,478
5.32%, 09/17/2024(b)		7,000,000		6,920,943
5.31%, 09/19/2024(b)		15,000,000		14,826,400
5.30%, 09/26/2024(b)		7,000,000		6,911,695
				72,470,453
TOTAL SHORT-TERM INVESTMENTS (Cost $239,081,158)				239,085,187
TOTAL INVESTMENTS - 84.9% (Cost $239,081,158)				239,085,187
Other Assets in Excess of Liabilities - 15.1%				42,539,174
TOTAL NET ASSETS - 100.0%			$	281,624,361
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.

ASA - Advanced Subscription Agreement

SOFR - Secured Overnight Financing Rate

(a)	The rate shown represents the 7-day effective yield as of June 30, 2024.
(b)	The rate shown is the effective yield as of June 30, 2024.

GuidePath Managed Futures Strategy Fund
Consolidated Schedule of Futures Contracts
as of June 30, 2024 (Unaudited)
Description	Contracts Purchased		Expiration Date	Notional		Value / Unrealized Appreciation (Depreciation)
3 Month Canadian Overnight Repo Rate Average		32	03/18/2025	$	5,599,503	$	(9,065	)
Aluminum(a)		1	09/26/2024		62,337		(1,219	)
Arabica Coffee(a)		54	09/18/2024		4,592,700		(66,143	)
ASX SPI 200 Index		103	09/19/2024		13,350,567		104,399
AUD/USD Cross Currency Rate		201	09/16/2024		13,432,830		70,116
Brent Crude Oil(a)		135	07/31/2024		11,475,000		151,463
British Pound/US Dollar Cross Currency Rate		186	09/16/2024		14,704,462		(149,953	)
CAC40 10 Euro Index		41	07/19/2024		3,289,879		(32,791	)
Canadian 10 Year Government Bonds		195	09/18/2024		17,114,616		(287,307	)
Copper(a)		152	09/26/2024		16,687,700		(468,865	)
Crude Oil(a)		101	07/22/2024		8,235,540		45,441
Dow Jones Industrial Average Index		100	09/20/2024		19,734,500		175,646
Euro STOXX 50 Quanto Index		277	09/20/2024		14,613,140		81,825
Euro-BTP Italian Government Bonds		41	09/06/2024		5,062,265		(51,741	)
FTSE 100 Index		151	09/20/2024		15,674,925		19,918
FTSE China A50 Index		137	07/30/2024		1,630,574		(12,482	)
FTSE/JSE Top 40 Index		26	09/19/2024		1,053,819		13,039
FTSE/MIB Index		49	09/20/2024		8,754,667		102,995
German Stock Index		20	09/20/2024		9,854,351		92,130
Gold(a)		105	08/28/2024		24,565,800		(1,103,053	)
Hang Seng China Enterprises Index		84	07/30/2024		3,369,552		(60,654	)
Hang Seng Index		21	07/30/2024		2,370,519		(51,752	)
IBEX 35 Index		68	07/19/2024		7,920,407		(68,599	)
Live Cattle(a)		79	08/30/2024		5,859,430		80,900
London Metals - Aluminum(a)(b)		74	09/16/2024		4,668,586		(206,848	)
London Metals - Copper(a)(b)		21	09/16/2024		5,035,879		(521,866	)
London Metals - Nickel(a)(b)		9	09/16/2024		932,729		(222,325	)
London Metals - Zinc(a)(b)		33	09/16/2024		2,421,763		(157,297	)
Long Gilt		112	09/26/2024		13,813,824		(149,801	)
Low Sulphur Gas Oil(a)		41	08/12/2024		3,214,400		(4,266	)
MSCI EAFE Index		138	09/20/2024		16,168,080		(101,607	)
MSCI Emerging Markets Index		198	09/20/2024		10,773,180		15,864
MSCI Singapore Index		190	07/30/2024		4,432,633		67,046
Nasdaq 100 Index		61	09/20/2024		24,311,245		77,236
New Zealand Dollar/US Dollar Cross Currency Rate		447	09/16/2024		27,244,650		(138,519	)
Nifty 50 Index		196	07/25/2024		9,462,684		135,947
Nikkei 225 Index		30	09/12/2024		7,380,198		60,669
OMXS30 Index		364	07/19/2024		8,853,590		31,211
Platinum(a)		23	10/29/2024		1,166,215		57,657
Reformulated Gasoline Blendstock(a)		11	07/31/2024		1,155,693		(13,058	)
Russell 2000 Index		49	09/20/2024		5,059,250		(43,403	)
S&P 500 Index		112	09/20/2024		30,920,400		162,316
S&P Mid Cap 400 Index		35	09/20/2024		10,353,350		(36,773	)
S&P/Toronto Stock Exchange 60 Index		68	09/19/2024		13,027,886		91,958
SGX FTSE Taiwan Index		137	07/30/2024		10,569,550		85,741
SGX TSI Iron Ore(a)		62	08/30/2024		659,370		20,947
Silver(a)		66	09/26/2024		9,754,800		244
South African Rand/US Dollar Cross Currency Rate		392	09/16/2024		10,711,400		59,209
STOXX Europe 600 Index		265	09/20/2024		7,296,546		(5,824	)
TOPIX Index		60	09/12/2024		10,481,074		104,763
U.S. Treasury Long Bonds		12	09/19/2024		1,419,750		(21,614	)
U.S. Treasury Ultra Bonds		13	09/19/2024		1,629,469		(36,304	)
US Cocoa(a)		22	09/13/2024		1,700,820		(227,099	)
						$	(2,341,548	)
							–
Description	Contracts Sold		Expiration Date	Notional		Value / Unrealized Appreciation (Depreciation)
10 Year U.S. Ultra Treasury Notes		(89)	09/19/2024	$	10,104,281	$	(106,682	)
3 Month Euribor		(1,853)	09/16/2024		478,604,846		692,719
3-Month Secured Overnight Financing Rate		(1,485)	12/17/2024		352,130,625		631,741
Austrailian Government 10 Year Bonds		(110)	09/16/2024		8,333,781		(2,348	)
Austrailian Government 3 Year Bonds		(560)	09/16/2024		39,396,012		58,782
Australian 90 Day Bank Bills		(164)	09/12/2024		108,203,639		19,407
Brazilian Real/US Dollar Cross Currency Rate		(158)	07/31/2024		2,818,720		76,375
Canadian Dollar/US Dollar Cross Currency Rate		(516)	09/17/2024		37,771,200		(232,480	)
Corn No. 2 Yellow(a)		(523)	12/13/2024		11,002,612		972,183
Cotton No.2(a)		(74)	12/06/2024		2,689,530		16,767
Crude Soybean Oil(a)		(161)	12/13/2024		4,230,114		25,235
Euro BUXL 30 Year Bonds		(17)	09/06/2024		2,371,170		(37,685	)
Euro/US Dollar Cross Currency Rate		(471)	09/16/2024		63,302,400		129,751
Euro-BOBL		(264)	09/06/2024		32,921,189		(323,393	)
Euro-Bund		(61)	09/06/2024		8,598,469		(125,943	)
Euro-Schatz		(1,389)	09/06/2024		157,234,056		(762,163	)
French Government Bonds		(229)	09/06/2024		30,194,892		53,539
Hard Red Winter Wheat(a)		(13)	12/13/2024		392,112		7,832
ICE 3 Month SONIA Rate		(518)	12/17/2024		155,588,910		77,797
ICE European Climate Exchange Emissions(a)		(14)	12/16/2024		1,011,598		(63,324	)
Indian Rupee/US Dollar Cross Currency Rate		(148)	07/29/2024		3,547,856		(5,970	)
Japanese Yen/US Dollar Cross Currency Rate		(538)	09/16/2024		42,317,062		1,069,821
Korean Won/US Dollar Cross Currency Rate		(65)	07/15/2024		1,179,913		644
Lean Hogs(a)		(108)	08/14/2024		3,866,400		65,798
London Metals - Aluminum(a)(b)		(24)	09/16/2024		1,514,136		(9,548	)
London Metals - Nickel(a)(b)		(22)	09/16/2024		2,280,004		26,992
London Metals - Zinc(a)(b)		(4)	09/16/2024		293,547		(6,819	)
Mexican Peso/US Dollar Cross Currency Rate		(103)	09/16/2024		2,774,820		92
Natural Gas(a)		(36)	07/29/2024		936,360		65,186
NY Harbor ULSD(a)		(8)	07/31/2024		851,122		(49,673	)
Palladium(a)		(11	09/26/2024		1,075,690		(33,840	)
Short-term Euro-BTP		(304)	09/06/2024		34,187,995		(14,973	)
Soybean Meal(a)		(26)	12/13/2024		872,300		7,822
Soybeans(a)		(249)	11/14/2024		13,744,800		453,611
Sugar #11(a)		(212)	09/30/2024		4,820,032		(293,944	)
Swiss Franc/US Dollar Cross Currency Rate		(189)	09/16/2024		26,537,963		89,753
U.S. Treasury 10 Year Notes		(116)	09/19/2024		12,758,188		(100,011	)
U.S. Treasury 2 Year Notes		(783)	09/30/2024		159,903,281		(329,962	)
U.S. Treasury 5 Year Note		(283)	09/30/2024		30,161,609		(144,124	)
Wheat(a)		(91)	12/13/2024		2,716,350		75,172
						$	1,974,137
Total Unrealized Appreciation (Depreciation)						$	(367,411	)

(a) All or a portion of this security is held by GuidePath Managed Futures Strategy Cayman Fund Ltd.

(b) London Metal Exchange (“LME”) futures contracts settle on their respective maturity date, and do not have daily cash movements like other futures contracts. The unrealized appreciation on these contracts is a receivable for unsettled open futures contracts and the unrealized depreciation is a payable for unsettled open futures contracts on the Fund’s consolidated statement of assets and liabilities.

GuidePath Managed Futures Strategy Fund
Schedule of Forward Currency Contracts
as of June 30, 2024 (Unaudited)
Settlement Date	Currency Purchased		Currency Sold		Counterparty	Unrealized Appreciation (Depreciation)
09/18/2024	PLN	69,000,000	USD	16,965,188	UBS AG	$	154,784
09/18/2024	SEK	20,000,000	USD	1,934,383	UBS AG		(39,318	)
09/18/2024	SEK	14,000,000	USD	1,340,950	UBS AG		(14,405	)
09/18/2024	TRY	38,400,000	USD	1,088,503	UBS AG		(14,217	)
09/19/2024	USD	21,462,933	CNH	155,000,000	UBS AG		91,861
09/18/2024	USD	1,686,724	NOK	18,000,000	UBS AG		(2,621	)
09/18/2024	USD	563,859	NOK	6,000,000	UBS AG		744
09/18/2024	USD	749,019	NOK	8,000,000	UBS AG		(1,801	)
09/18/2024	USD	740,397	PLN	3,000,000	UBS AG		(4,072	)
09/18/2024	USD	5,646,162	PLN	23,000,000	UBS AG		(61,437	)
09/18/2024	USD	739,959	PLN	3,000,000	UBS AG		(4,511	)
09/18/2024	USD	1,327,793	SEK	14,000,000	UBS AG		1,247
09/18/2024	USD	764,790	SEK	8,000,000	UBS AG		6,764
09/18/2024	USD	1,132,061	SEK	12,000,000	UBS AG		(4,979	)
09/18/2024	USD	2,227,011	SGD	3,000,000	UBS AG		5,908
09/18/2024	USD	39,424,298	SGD	53,125,000	UBS AG		92,258
Total Unrealized Appreciation (Depreciation)						$	206,205
CNH - Chinese Offshore Renminbi NOK - Norwegian Krone
PLN - Polish Zloty
SEK - Swedish Krona SGD – Singapore Dollar
TRY - Turkish Lira
USD - United States Dollar