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Statement of Changes in Net Assets (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2014
Sep. 30, 2014
Dec. 31, 2013
Opening balance at December 31, 2013 (in Shares)   7,350,000 [1]  
Creations (in Shares)   250,000 [1] 2,000,000
Redemptions (in Shares)   (1,700,000) [1] (1,900,000)
Closing balance at September 30, 2014 (in Shares) 5,900,000 [1] 5,900,000 [1] 7,350,000 [1]
Opening balance at December 31, 2013   $ 463,337 [1],[2]  
Net investment loss (788) [1] (2,313) [1]  
Realized gain on investment in palladium   20,810 [1]  
Change in unrealized gain on investment in palladium (50,569) [1] 24,305 [1] 0
Change in unrealized gain on unsettled creations or redemptions   53 [1]  
Creations   19,757 [1] 140,584
Redemptions   (128,405) [1] (133,958)
Closing balance at September 30, 2014 444,421 [1] 444,421 [1] 463,337 [1],[2]
Adjustments for Change to Fair Value [Member]
     
Closing balance at September 30, 2014     $ 46,877 [1]
[1] Effective January 1, 2014, the Trust has adopted the provisions of Topic 946, Investment Companies, and follows specialized accounting. Refer to Note 2.1 for additional information.
[2] Derived from audited Statement of Financial Condition as of December 31, 2013. The amounts are those previously reported under non investment company accounting. Refer to Note 2.1 for additional information.