NPORT-EX 3 notes.htm NOTES
The Funds have adopted authoritative fair valuation accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value.  These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion in changes in valuation techniques and related inputs, if any, during the period.  In addition, these standards require expanded disclosure for each major category of assets.  These inputs are summarized in the three broad levels listed below:
               
Level 1 - Quoted prices in active markets for identical securities (including equity securities, open-end investment companies, and futures contracts).
Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
Level 3 - Significant unobservable inputs (including the Funds' own assumptions in determining the fair value of investments).
               
During the period, certain securities and other instruments held by the Funds were categorized as Level 2 or Level 3 based upon the inputs and methodologies used to determine the fair value of the security or instrument.  Descriptions of the inputs and valuation methodologies used to determine the fair values of each class of investments within Level 2 and Level 3 are set forth below.
               
Level 2 Investments.  The Funds' investments that were categorized as Level 2 include: (1) certain fixed income securities, including asset-backed securities, collateralized mortgage obligations, corporate obligations, U.S. and foreign government obligations, mortgage-backed securities and municipal bonds; (2) certain foreign common stocks, preferred stocks, participatory notes, and real estate investment trusts; and (3) certain over-the-counter derivative instruments, including forward currency contracts, options written, and swaps.
               
Fixed income securities are normally valued by pricing vendors that use broker-dealer quotations, reported trades or valuation estimates from their internal pricing models.  The service providers' internal models typically use inputs that are observable such as institutional-sized trading in similar groups of securities, yield, credit quality, coupon rate, maturity, type of issue, trading characteristics and other market data.
               
Certain common stocks that trade on foreign exchanges are subject to valuation adjustments.  These valuation adjustments are applied to the foreign exchange-traded common stocks to account for the market movement between the close of the foreign market in which the security is traded and the close of the New York Stock Exchange.  These securities are valued using pricing vendors that consider the correlation patterns of price movements of the foreign security to the intraday trading in the U.S. markets.
               
Forward currency contracts and swaps derive their value from underlying asset prices, indices, reference rates, and other inputs or a combination of these factors.  These instruments are normally valued using pricing vendors.  Depending upon the instrument, its value may be provided by a pricing vendor using a series of techniques, including pricing models.  The pricing models typically use inputs that are observed from active markets such as indices, spreads, interest rates, curves, dividends and exchange rates.
               
Level 3 Investments.  The Funds' investments that were categorized as Level 3 include: fair valued securities for which
observable inputs are not available..
               
Fair valued securities are normally valued by pricing vendors using relevant observable inputs, as described above.  In certain circumstances, the types of observable inputs that are typically used by a pricing service may be unavailable or deemed by the pricing service to be unreliable.  In these instances, the pricing vendor may value the security based upon significant unobservable inputs, or the pricing vendor may not provide a value for the security.  To the extent that a pricing vendor does not provide a value for a particular security, or the pricing vendor provides a value that the Valuation Committee does not believe accurately reflects the value of the security, the security will be valued by the Valuation Committee based upon the information available to the Committee at the time of valuation and in accordance with procedures approved by the Board.  These methodologies may require subjective judgments and determinations about the value of a particular security.  When significant unobservable inputs are used to value a security, the security is categorized as Level 3.
               
To verify Level 3 unobservable inputs, the Valuation Committee uses a variety of techniques as appropriate to substantiate these valuation approaches including a regular review of key inputs and assumptions, transaction back-testing or disposition analysis and review of related market activity.
               
The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
               
The following is a summary of the inputs used to value the Funds' net assets as of June 30, 2025:
     

GuideMark Large Cap Core Fund
                       
                         
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                         
Common Stocks
 
$
496,646,231
   
$
-
   
$
3,538
   
$
496,649,769
 
Investment Companies
   
16,814,824
     
-
     
-
     
16,814,824
 
Real Estate Investment Trusts
   
1,053,335
     
-
     
-
     
1,053,335
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
16,598,886
 
Money Market Funds
   
2,788,070
     
-
     
-
     
2,788,070
 
Total Investments in Securities
 
$
517,302,460
   
$
-
   
$
3,538
   
$
533,904,884
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
                                 
For further information regarding security characteristics, see the Schedule of Investments.
                               
                                 
Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.
                         
                                 
Description
                         
Common Stock
 
Balance as of April 1, 2025
                         
$
3,538
 
     Purchases
                           
-
 
     Sales proceeds and paydowns
                           
-
 
     Accreted discounts, net
                           
-
 
     Corporate Actions
                           
-
 
     Realized gain (loss)
                           
-
 
     Change in unrealized appreciation (depreciation)
                           
-
 
     Transfers into/(out of) Level 3
                           
-
 
Balance as of June 30, 2025
                         
$
3,538
 
Change in unrealized appreciation (depreciation) during the
                               
  period for Level 3 investments held at June 30, 2025.
                         
$
-
 
                                 
Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets.
         
                                 
GuideMark Emerging Markets Fund
                               
   
Level 1
   
Level 2
   
Level 3
   
Total
 
Common Stocks
                               
Bermuda
 
$
-
   
$
41,458
   
$
-
   
$
41,458
 
Brazil
   
1,486,360
     
-
     
-
     
1,486,360
 
Chile
   
768,237
     
-
     
-
     
768,237
 
China
   
582,297
     
14,533,731
     
-
     
15,116,028
 
Colombia
   
-
     
152,429
     
-
     
152,429
 
Czech Republic
   
-
     
337,891
     
-
     
337,891
 
Egypt
   
38,687
     
176,953
     
-
     
215,640
 
Hong Kong
   
67,446
     
697,203
     
-
     
764,649
 
Hungary
   
94,413
     
273,082
     
-
     
367,495
 
India
   
-
     
8,040,195
     
-
     
8,040,195
 
Indonesia
   
-
     
442,402
     
-
     
442,402
 
Ireland
   
385,149
     
-
     
-
     
385,149
 
Luxembourg
           
45,734
     
-
     
45,734
 
Mexico
   
1,019,173
     
-
     
-
     
1,019,173
 
Peru
   
110,642
     
-
     
-
     
110,642
 
Philippines
   
-
     
96,723
     
-
     
96,723
 
Poland
   
-
     
1,042,571
     
-
     
1,042,571
 
Qatar
   
-
     
540,124
     
-
     
540,124
 
Republic of Korea
   
-
     
110,691
     
-
     
110,691
 
Russia
   
-
     
-
     
0
     
0
 
Singapore
   
-
     
76,134
     
-
     
76,134
 
South Africa
   
776,164
     
1,633,195
     
-
     
2,409,359
 
South Korea
   
-
     
6,421,444
     
-
     
6,421,444
 
Taiwan
   
-
     
8,231,259
     
-
     
8,231,259
 
Thailand
   
-
     
388,613
     
-
     
388,613
 
Turkey
   
-
     
466,999
     
-
     
466,999
 
United Arab Emirates
   
165,664
     
758,101
     
-
     
923,765
 
United Kingdom
   
-
     
32,297
     
-
     
32,297
 
United States
   
16
     
100,412
     
-
     
100,428
 
Total Common Stocks
   
5,494,232
     
44,639,641
     
0
     
50,133,889
 
Investment Companies
                               
United States
   
2,975,014
     
-
     
-
     
2,975,014
 
Total Investment Companies
   
2,975,014
     
-
     
-
     
2,975,014
 
Preferred Stocks
                               
Brazil
   
620,481
     
-
     
-
     
620,481
 
Colombia
   
-
     
207,509
     
-
     
207,509
 
South Korea
   
-
     
119,299
     
-
     
119,299
 
Total Preferred Stocks
   
620,481
     
326,808
     
-
     
947,289
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
3,390,821
 
Money Market Funds
   
402,760
     
-
     
-
     
402,760
 
Total Investments in Securities
 
$
402,760
   
$
44,966,449
   
$
0
   
$
57,849,773
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
                                 
For further information regarding security characteristics, see the Schedule of Investments.
                               
                                 
Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.
                         
                                 
Description
                 
Common Stock
         
Balance as of April 1, 2025
                 
$
0
         
     Purchases
                   
-
         
     Sales proceeds and paydowns
                   
-
         
     Accreted discounts, net
                   
-
         
     Corporate Actions
                   
-
         
     Realized gain (loss)
                   
-
         
     Change in unrealized appreciation (depreciation)
                   
-
         
     Transfers into/(out of) Level 3
                   
-
         
Balance as of June 30, 2025
                 
$
0
         
Change in unrealized appreciation (depreciation) during the
                               
  period for Level 3 investments held at June 30, 2025.
                 
$
-
         
                                 
Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets.
         
                                 
GuideMark Small/Mid Cap Core Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Common Stocks
 
$
89,628,669
   
$
-
   
$
4,470
   
$
89,633,139
 
Real Estate Investment Trusts
   
3,225,053
     
-
     
-
     
3,225,053
 
Investment Companies
   
3,204,382
     
-
     
-
     
3,204,382
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
5,198,481
 
Money Market Funds
   
337,411
     
-
     
-
     
337,411
 
Total Investments in Securities
 
$
96,395,515
   
$
-
   
$
4,470
   
$
101,598,466
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
                                 
For further information regarding security characteristics, see the Schedule of Investments.
 
                                 
Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.
                         
                                 
Description
                         
Common Stocks
 
Balance as of April 1, 2025
                         
$
5,014
 
     Purchases
                           
-
 
     Sales proceeds and paydowns
                           
-
 
     Accreted discounts, net
                           
-
 
     Corporate Actions
                           
-
 
     Realized gain (loss)
                           
-
 
     Change in unrealized appreciation (depreciation)
                           
(544
)
     Transfers into/(out of) Level 3
                           
-
 
Balance as of June 30, 2025
                         
$
4,470
 
Change in unrealized appreciation (depreciation) during the
                               
 period for Level 3 investments held at June 30, 2025.
                         
$
-
 
                                 
Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets.
         
                                 
GuideMark World ex-US Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Common Stocks
                               
        Australia
 
$
-
   
$
11,599,500
   
$
-
   
$
11,599,500
 
        Austria
   
-
     
780,261
     
-
     
780,261
 
        Belgium
   
-
     
1,856,174
     
-
     
1,856,174
 
        Canada
   
25,805,824
     
-
     
-
     
25,805,824
 
        Denmark
   
-
     
5,331,695
     
-
     
5,331,695
 
        Finland
   
-
     
2,375,539
     
-
     
2,375,539
 
        France
   
-
     
18,774,042
     
-
     
18,774,042
 
        Germany
   
-
     
26,023,218
     
-
     
26,023,218
 
        Hong Kong
   
55,492
     
5,707,738
     
-
     
5,763,230
 
        Ireland
   
-
     
1,395,362
     
-
     
1,395,362
 
        Israel
   
1,653,280
     
4,244,912
     
-
     
5,898,192
 
        Italy
   
-
     
9,298,712
     
-
     
9,298,712
 
        Japan
   
-
     
49,862,862
     
-
     
49,862,862
 
        Luxembourg
   
-
     
131,326
     
-
     
131,326
 
        Netherlands
   
-
     
8,583,250
     
-
     
8,583,250
 
        New Zealand
   
-
     
229,267
     
-
     
229,267
 
        Norway
   
-
     
2,457,062
     
-
     
2,457,062
 
        Poland
   
-
     
953,523
     
-
     
953,523
 
        Portugal
   
-
     
606,011
     
-
     
606,011
 
        Singapore
   
599,295
     
3,599,337
     
-
     
4,198,632
 
        Spain
   
-
     
9,255,559
     
-
     
9,255,559
 
        Sweden
   
1,305,245
     
5,022,778
     
-
     
6,328,023
 
        Switzerland
   
-
     
18,460,299
     
-
     
18,460,299
 
        United Kingdom
   
222,528
     
27,387,825
     
-
     
27,610,353
 
        United States
   
181,026
     
-
     
-
     
181,026
 
Total Common Stocks
   
29,822,690
     
213,936,252
     
-
     
243,758,942
 
Investment Companies
                               
        United States
   
8,942,622
     
-
     
-
     
8,942,622
 
Total Investment Companies
   
8,942,622
     
-
     
-
     
8,942,622
 
Preferred Stocks
                               
        Germany
   
-
     
57,052
     
-
     
57,052
 
Total Preferred Stocks
   
-
     
57,052
     
-
     
57,052
 
Warrants
                               
        Canada
   
-
     
-
     
0
     
0
 
Warrants
   
-
     
-
     
0
     
0
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
10,840,934
 
Money Market Funds
   
800,324
     
-
     
-
     
800,324
 
Total Investments in Securities
 
$
39,565,636
   
$
213,993,304
   
$
0
   
$
264,399,874
 
                                 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
                                 
For further information regarding security characteristics, see the Schedule of Investments.
                               
                                 
Below is a reconciliation of Level 3 assets for which significant unobservable inputs were used to determine fair value.
                         
                                 
Description
                         
Warrants
 
Balance as of April 1, 2025
                         
$
0
 
     Purchases
                           
-
 
     Sales proceeds and paydowns
                           
-
 
     Accreted discounts, net
                           
-
 
     Corporate Actions
                           
-
 
     Realized gain (loss)
                           
-
 
     Change in unrealized appreciation (depreciation)
                           
-
 
     Transfers into/(out of) Level 3
                           
-
 
Balance as of June 30, 2025
                         
$
0
 
Change in unrealized appreciation (depreciation) during the
                               
 period for Level 3 investments held at June 30, 2025.
                         
$
-
 
                                 
Fair valuation inputs are presented when the Fund had a significant amount of Level 3 investments at the beginning and/or end of the reporting period, in relation to net assets.
         
                                 
GuideMark Core Fixed Income Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Fixed Income
                               
U.S. Treasury Securities
 
$
-
   
$
60,399,603
   
$
-
   
$
60,399,603
 
Mortgage-Backed Securities
   
-
     
51,819,540
     
-
     
51,819,540
 
Corporate Obligations
   
-
     
34,949,650
     
-
     
34,949,650
 
Collateralized Mortgage Obligations
   
-
     
20,789,148
     
-
     
20,789,148
 
Asset-Backed Securities
   
-
     
9,547,121
     
-
     
9,547,121
 
Foreign Government Debt Obligations
   
-
     
3,159,437
     
-
     
3,159,437
 
Municipal Bonds
   
-
     
2,066,870
     
-
     
2,066,870
 
Total Fixed Income
   
-
     
182,731,369
     
-
     
182,731,369
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
40,200
 
Money Market Funds
   
2,749,638
     
-
     
-
     
2,749,638
 
Total Investments in Securities
 
$
2,749,638
   
$
182,731,369
   
$
-
   
$
185,521,207
 
                                 
Other Financial Instruments**
                               
Futures
 
$
(161,148
)
 
$
-
   
$
-
   
$
(161,148
)
Swaps
   
-
     
400,458
     
-
     
400,458
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
**Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures and swaps. Futures and swaps are reflected as the unrealized appreciation (depreciation) on the instrument.
 
For further information regarding security characteristics, see the Schedule of Investments.
 
                                 
GuidePath Growth Allocation Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Investment Companies
 
$
1,439,827,066
   
$
-
   
$
-
   
$
1,439,827,066
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
201,201,327
 
Money Market Funds
   
13,799,014
     
-
     
-
     
13,799,014
 
Total Investments in Securities
 
$
1,453,626,080
   
$
-
   
$
-
   
$
1,654,827,407
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
                                 
For further information regarding security characteristics, see the Schedule of Investments.
                               
                                 
                                 
GuidePath Conservative Allocation Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Investment Companies
 
$
546,648,204
   
$
-
   
$
-
   
$
546,648,204
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
129,388,792
 
Money Market Funds
   
4,970,430
     
-
     
-
     
4,970,430
 
Total Investments in Securities
 
$
551,618,634
   
$
-
   
$
-
   
$
681,007,426
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
                                 
For further information regarding security characteristics, see the Schedule of Investments.
                               
                                 
                                 
GuidePath Tactical Allocation Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Common Stocks
 
$
488,315,245
   
$
-
   
$
-
   
$
488,315,245
 
Investment Companies
   
130,416,319
     
-
     
-
     
130,416,319
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
2,440,772
 
Money Market Funds
   
67,837,247
     
-
     
-
     
67,837,247
 
Total Investments in Securities
 
$
686,568,811
   
$
-
   
$
-
   
$
689,009,583
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
                                 
For further information regarding security characteristics, see the Schedule of Investments.
                               
                                 
                                 
GuidePath Absolute Return Allocation Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Investment Companies
 
$
117,697,879
   
$
-
   
$
-
   
$
117,697,879
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
   
$
27,494,676
 
Money Market Funds
   
1,036,412
     
-
     
-
     
1,036,412
 
Total Investments in Securities
 
$
118,734,291
   
$
-
   
$
-
   
$
146,228,967
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
                                 
For further information regarding security characteristics, see the Schedule of Investments.
                               
                                 
                                 
GuidePath Multi-Asset Income Allocation Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Investment Companies
 
$
103,761,739
   
$
-
   
$
-
   
$
103,761,739
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
17,892,823
 
Money Market Funds
   
989,189
     
-
     
-
     
989,189
 
Total Investments in Securities
 
$
104,750,928
   
$
-
   
$
-
   
$
122,643,751
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
                                 
For further information regarding security characteristics, see the Schedule of Investments.
                               
                                 
                                 
GuidePath Flexible Income Allocation Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Investment Companies
 
$
461,766,416
   
$
-
   
$
-
   
$
461,766,416
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
50,269,351
 
Money Market Funds
   
15,040,127
     
-
     
-
     
15,040,127
 
Total Investments in Securities
 
$
476,806,543
   
$
-
   
$
-
   
$
527,075,894
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
                                 
For further information regarding security characteristics, see the Schedule of Investments.
                               
                                 
                                 
GuidePath Managed Futures Strategy Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Certificates of Deposit
 
$
-
   
$
119,020,698
   
$
-
   
$
119,020,698
 
Money Market Funds
   
18,155,399
     
-
     
-
     
18,155,399
 
U.S. Treasury Bills
   
-
     
101,461,509
     
-
     
101,461,509
 
Total Investments in Securities
 
$
18,155,399
   
$
220,482,207
   
$
-
   
$
238,637,606
 
                                 
Other Financial Instruments*
                               
Futures
 
$
2,179,932
   
$
-
   
$
-
   
$
2,179,932
 
Forward Currency Contracts
 
$
-
   
$
696,509
   
$
-
   
$
696,509
 
                                 
*Other financial instruments are derivative instruments not reflected in the Consolidated Schedule of Investments, such as futures and forward currency contracts. Futures and forward currency contracts are reflected as the unrealized appreciation (depreciation) on the instrument.
 
                                 
For further information regarding security characteristics, see the Consolidated Schedule of Investments.
                         
                                 
GuidePath Conservative Income Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Investment Companies
 
$
11,064,508
   
$
-
   
$
-
   
$
11,064,508
 
U.S. Treasury Obligations
   
-
     
1,727,883
     
-
     
1,727,883
 
Money Market Funds
   
13,337,343
     
-
     
-
     
13,337,343
 
Total Investments in Securities
 
$
24,401,851
   
$
1,727,883
   
$
-
   
$
26,129,734
 
                                 
For further information regarding security characteristics, see the Schedule of Investments.
                               
                                 
GuidePath Income Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Investment Companies
 
$
85,315,218
   
$
-
   
$
-
   
$
85,315,218
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
1,621,500
 
Money Market Funds
   
2,582,591
     
-
     
-
     
2,582,591
 
Total Investments in Securities
 
$
87,897,809
   
$
-
   
$
-
   
$
89,519,309
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
         
                                 
For further information regarding security characteristics, see the Schedule of Investments.
                               
                                 
GuidePath Growth & Income Fund
                               
                                 
   
Level 1
   
Level 2
   
Level 3
   
Total
 
                                 
Investment Companies
 
$
54,458,800
   
$
-
   
$
-
   
$
54,458,800
 
Common Stocks
   
54,053,847
     
-
     
-
     
54,053,847
 
Investments Purchased with Proceeds from Securities Lending Collateral*
   
-
     
-
     
-
     
14,535,329
 
Money Market Funds
   
2,175,831
     
-
     
-
     
2,175,831
 
Total Investments in Securities
 
$
110,688,478
   
$
-
   
$
-
   
$
125,223,807
 
                                 
* Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Assets and Liabilities.
 
                                 
For further information regarding security characteristics, see the Schedule of Investments.