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

GuidePath Tactical Allocation Fund
Schedule of Investments
June 30, 2024 (Unaudited)
COMMON STOCKS - 71.0%	Shares		Value
Biotechnology - 8.8%
Regeneron Pharmaceuticals, Inc. (a)		19,389	$	20,378,421
United Therapeutics Corp. (a)		48,615		15,486,308
Vertex Pharmaceuticals, Inc. (a)		38,464		18,028,846
				53,893,575
Building Products - 2.2%
Builders FirstSource, Inc. (a)		98,926		13,692,348
Electric Utilities - 5.0%
NRG Energy, Inc.		93,227		7,258,654
OGE Energy Corp.		62,843		2,243,495
Vistra Corp.		246,921		21,230,268
				30,732,417
Financial Services - 0.6%
MGIC Investment Corp.		182,684		3,936,840
Food & Staples Retailing - 2.9%
Sprouts Farmers Market, Inc. (a)(b)		214,706		17,962,304
Household Durables - 7.7%
DR Horton, Inc.		107,901		15,206,488
PulteGroup, Inc.		150,444		16,563,884
Taylor Morrison Home Corp. (a)		175,822		9,747,572
Toll Brothers, Inc.		47,772		5,502,379
				47,020,323
Household Products - 3.0%
Procter & Gamble Co.		110,313		18,192,820
Insurance - 14.1%
Aflac, Inc.		227,298		20,299,984
Arch Capital Group Ltd. (a)		151,227		15,257,292
Everest Group Ltd.		43,323		16,506,930
Hartford Financial Services Group, Inc.		217,409		21,858,301
Unum Group		242,764		12,407,668
				86,330,175
Interactive Media & Services - 6.2%
Alphabet, Inc. - Class A		97,644		17,785,855
Meta Platforms, Inc. - Class A		39,578		19,956,019
				37,741,874
Machinery - 1.5%
Snap-on, Inc.		34,125		8,919,934
Metals & Mining - 2.0%
Steel Dynamics, Inc. (b)		93,188		12,067,846
Oil, Gas & Consumable Fuels - 2.1%
CNX Resources Corp. (a)(b)		215,041		5,225,496
PBF Energy, Inc. - Class A		170,475		7,845,260
				13,070,756
Professional Services - 2.4%
Robert Half, Inc.		120,143		7,686,749
Science Applications International Corp.		59,049		6,941,210
				14,627,959
Semiconductors & Semiconductor Equipment - 2.8%
NVIDIA Corp.		139,280		17,206,651
Software - 5.2%
Microsoft Corp.		71,576		31,990,893
Technology Hardware, Storage & Peripherals - 4.5%
Apple, Inc.		131,402		27,675,889
TOTAL COMMON STOCKS (Cost $324,171,672)				435,062,604
INVESTMENT COMPANIES - 26.9%	Shares		Value
Alternative Funds - 23.9%
ProShares Ultra S&P500 (b)		1,552,491		128,235,757
ProShares UltraPro S&P 500 (b)		238,191		18,302,596
				146,538,353
Domestic Equity Funds - 3.0%
iShares Core S&P 500 ETF		33,616		18,395,684
TOTAL INVESTMENT COMPANIES (Cost $152,628,318)				164,934,037
SHORT-TERM INVESTMENTS - 17.0%
Investments Purchased with Proceeds from Securities Lending - 14.9%	Units
Mount Vernon Liquid Assets Portfolio, LLC, 5.46% (c)		91,388,851		91,388,851
Money Market Funds - 2.1%	Shares
JPMorgan U.S. Government Money Market Fund - Class IM, 5.25% (c)		12,551,365		12,551,365
TOTAL SHORT-TERM INVESTMENTS (Cost $103,940,216)				103,940,216
TOTAL INVESTMENTS - 114.9% (Cost $580,740,206)				703,936,857
Liabilities in Excess of Other Assets - (14.9)%				(91,394,564	)
TOTAL NET ASSETS - 100.0%			$	612,542,293
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)	Non-income producing security.
(b)	All or a portion of this security is on loan as of June 30, 2024. The total market value of these securities was $89,303,747 which represented 14.6% of net assets.
(c)	The rate shown represents the 7-day effective yield as of June 30, 2024.