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Condensed Statements of Financial Condition (USD $)
Jun. 30, 2012
Dec. 31, 2011
ASSETS    
Investment in palladium (1) $ 478,569,021 [1] $ 351,083,261 [1],[2]
Total assets 478,569,021 351,083,261 [2]
LIABILITIES    
Fees payable to Sponsor 235,824 194,805 [2]
Palladium payable 11,389,069 0 [2]
Total liabilities 11,624,893 194,805 [2]
REDEEMABLE SHARES AND SHAREHOLDERS’ DEFICIT    
Shares at redemption value to investors (2) 466,944,128 [3] 373,935,765 [2],[3]
Shareholders’ deficit 0 (23,047,309) [2]
Total liabilities, redeemable Shares & shareholders’ deficit $ 478,569,021 $ 351,083,261 [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] Authorized share capital is unlimited with no par value per share. Shares issued and outstanding at June 30, 2012 were 8,200,000 and at December 31, 2011 were 5,950,000.