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Statements of Financial Condition (USD $)
Dec. 31, 2013
Dec. 31, 2012
ASSETS    
Investment in palladium $ 463,598,000 [1] $ 445,038,000 [1]
Total assets 463,598,000 445,038,000
LIABILITIES    
Fees payable to Sponsor 260,849 254,522
Total liabilities 261,000 255,000
REDEEMABLE SHARES AND SHAREHOLDERS’ DEFICIT    
Shares at redemption value to investors 510,214,000 [2] 497,765,000 [2]
Shareholders’ deficit (46,877,000) (52,982,000)
Total liabilities, redeemable Shares & shareholders’ deficit $ 463,598,000 $ 445,038,000
[1] The investment in palladium is valued at the lower of cost or market value. Refer to note 2.1 for a breakdown of cost and market value of the investment in palladium.
[2] Authorized Share capital is unlimited and no par value per Share. Shares issued and outstanding at December 31, 2013 were 7,350,000 and at December 31, 2012 were 7,250,000.