XML 27 R19.htm IDEA: XBRL DOCUMENT v2.4.0.6
Significant Accounting Policies (Detail) - Schedule of Investment in Palladium (USD $)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2012
oz
Jun. 30, 2011
Jun. 30, 2012
oz
Jun. 30, 2011
oz
Dec. 31, 2011
oz
Ounces of palladium:          
Opening balance (in Ounces)     588,255.6 1,089,108.1 1,089,108.1
Creations (in Ounces)     251,724.7   238,310.9
Redemptions (excluding palladium payable at June 30, 2012 - 19,704.3 and at December 31, 2011 - 0, respectively) (in Ounces)     (9,857.2)   (733,279.8)
Transfers of palladium (in Ounces)     (2,149.0)   (5,883.6)
Closing balance (in Ounces) 827,974.1   827,974.1   588,255.6
Investment in palladium (lower of cost or market):          
Opening balance     $ 351,083,261 [1],[2] $ 597,199,695 $ 597,199,695
Creations 36,375,534 53,618,658 172,802,396 175,361,249 190,757,226
Redemptions (excluding palladium payable at June 30, 2012 - $11,389,069* and at December 31, 2011 - $0, respectively) (6,148,010) (61,473,981) (6,148,010) [3] (176,566,990) (433,431,257.0) [3]
Transfers of palladium (747,247) (939,529) (1,321,728) (1,888,895) (3,442,403)
Unrealized loss on investment in palladium     (37,846,898)   0
Closing balance $ 478,569,021 [1]   $ 478,569,021 [1]   $ 351,083,261 [1],[2]
[1] The cost of investment in palladium at June 30, 2012 was $516,415,919 and at December 31, 2011 the market value was $374,130,570.
[2] Derived from audited Statement of Financial Condition as of December 31, 2011.
[3] Cost of palladium payable at June 30, 2012 - $12,289,756.