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Condensed Statements of Financial Condition (USD $)
Mar. 31, 2012
Dec. 31, 2011
ASSETS    
Investment in palladium (1) $ 486,935,645 [1] $ 351,083,261 [1],[2]
Total assets 486,935,645 351,083,261 [2]
LIABILITIES    
Feess payable to Sponsor 252,061 194,805 [2]
Total liabilities 252,061 194,805 [2]
REDEEMABLE SHARES AND SHAREHOLDERS’ DEFICIT    
Shares at redemption value to investors (2) 510,647,463 [3] 373,935,765 [2],[3]
Shareholders’ deficit (23,963,879) (23,047,309) [2]
Total liabilities, redeemable Shares & shareholders’ deficit $ 486,935,645 $ 351,083,261 [2]
[1] The market value of investment in palladium at March 31, 2012 was $510,899,524 and at December 31, 2011 was $374,130,570.
[2] Derived from audited Statement of Financial Condition as of December 31, 2011.
[3] Authorized share capital is unlimited with no par value per share. Shares issued and outstanding at March 31, 2012 were 7,950,000 and at December 31, 2011 were 5,950,000.