# EDGAR Filing Document

**Accession Number:** 0002012980
**File Stem:** 0001752724-25-210323
**Filing Date:** 2025-8
**Character Count:** 6729
**Document Hash:** 9b2fa0490e2b5c5e52009f60f70cb4f6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-210323.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001752724-25-210323

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Gemcorp Commodities Alternative Products Fund
- **CENTRAL INDEX KEY:** 0002012980

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23940
- **FILM NUMBER:** 251268767

**BUSINESS ADDRESS:**
- **STREET 1:** 12 EAST 49TH STREET
- **STREET 2:** SUITE 21-101
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017
- **BUSINESS PHONE:** 646-979-8494

**MAIL ADDRESS:**
- **STREET 1:** 12 EAST 49TH STREET
- **STREET 2:** SUITE 21-101
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Gemcorp Commodities Alternative Products Fund

- **b. Investment Company Act file number:** 811-23940

- **c. CIK number of Registrant:** 0002012980

- **d. LEI of Registrant:** 98450041997B5FAC0A48

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 12 East 49th St Suite 21-101

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10017

  - **Telephone number:** 16469798494

**Item A.2. Information about the Series.**

- **a. Name of Series:** Gemcorp Commodities Alternative Products Fund

- **c. LEI of Series:** 98450041997B5FAC0A48

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $35463566.36

**Total Liabilities:** $277376.53

**Net Assets:** $35186189.83

**Cash Not Reported:** $2884493.42

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 363.18697500 | **5-Year:** 494.82856500 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.90%               | 0.20%                | 0.91%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $33030.00                | $-301948.76                                |
| Month 2  | $14971.96                | $-19203.96                                 |
| Month 3  | $22816.54                | $240902.09                                 |

### Schedule of Portfolio Investments

| Name                     | Title                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Avenir Issuer Iii Irlnd  | Avenir Issuer III Ireland DAC | CUSIP: YV8110467<br>LEI: 8945005RPC7GAZ20LN46 | Long             | DBT              | CORP              | IE        |   3352636 | PA      | $3162889.10   | 8.99%             | 2027-03-22      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Treasury Bill            | United States Treasury Bill   | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10000000 | PA      | $9956319.00   | 28.30%            | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Gran Tierra Energy Inc   | Gran Tierra Energy, Inc.      | CUSIP: ZH3280174<br>LEI: 549300IH2S17MAIUCM32 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $763745.71    | 2.17%             | 2029-10-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Treasury Bill            | United States Treasury Bill   | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  13000000 | PA      | $12986581.40  | 36.91%            | 2025-07-10      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Samarco Mineracao Sa     | Samarco Mineracao SA          | CUSIP: ZG6352899<br>LEI: 529900U8HKV15GJC4O60 | Long             | DBT              | CORP              | BR        |   1022500 | PA      | $1005317.89   | 2.86%             | 2031-06-30      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| Volcan Cia Minera Saa-cm | Volcan Cia Minera SAA         | CUSIP: 92863UAC0<br>LEI: 549300XKJ91C4SZLG750 | Long             | DBT              | CORP              | PE        |   1010000 | PA      | $1000973.64   | 2.84%             | 2030-01-24      | Fixed         | 8.75%                 | Yes           |                  2 | On Loan: No      |
| Avenir Issuer Iv Irlnd   | Avenir Issuer IV Ireland DAC  | CUSIP: YT1952704<br>LEI: 894500E9CKDEAOMG0B46 | Long             | DBT              | CORP              | IE        |   1745403 | PA      | $1634958.30   | 4.65%             | 2027-10-25      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Saturn Oil & Gas Inc     | Saturn Oil & Gas, Inc.        | CUSIP: 80412LAA5<br>LEI: 549300G6BWJ7K6PIIY73 | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $1980862.40   | 5.63%             | 2029-06-15      | Fixed         | 9.62%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** Gemcorp Commodities Alternative Products Fund

**Signature:** Ahmad Al-Sati

**Name of Signer:** Ahmad Al-Sati

**Title:** President