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Statements of Assets and Liabilities (USD $)
Dec. 31, 2014
Dec. 31, 2013
ASSETS    
Investment in palladium (cost: December 31, 2014: $335,517; December 31, 2013: $463,598) $ 410,663,000us-gaap_InvestmentInPhysicalCommodities [1],[2] $ 510,475,000us-gaap_InvestmentInPhysicalCommodities
Investment in palladium (cost: December 31, 2014: $335,517; December 31, 2013: $463,598)   463,598,000pall_InvestmentInBullion [2],[3]
Total assets 410,663,000us-gaap_Assets [1] 463,598,000us-gaap_Assets [3]
LIABILITIES    
Fees payable to Sponsor 212,592us-gaap_AccountsPayableRelatedPartiesCurrent 260,849us-gaap_AccountsPayableRelatedPartiesCurrent
Palladium payable 11,617,000pall_BullionPayableAtMarketValue [1] 0pall_BullionPayableAtMarketValue [3]
Total Liabilities 11,829,000us-gaap_Liabilities [1] 261,000us-gaap_Liabilities [3]
NET ASSETS 398,834,000us-gaap_AssetsNet [1] 463,337,000us-gaap_AssetsNet [3]
ANALYSIS OF NET ASSETS    
Redeemable Shares at redemption value to investors 398,834,000us-gaap_CommonStockValue [1],[4] 510,214,000us-gaap_CommonStockValue [3],[4]
Shareholders’ deficit 0us-gaap_RetainedEarningsAccumulatedDeficit [1] (46,877,000)us-gaap_RetainedEarningsAccumulatedDeficit [1],[3]
Total net assets $ 398,834,000us-gaap_StockholdersEquity [1] $ 463,337,000us-gaap_StockholdersEquity [1],[3]
[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] At December 31, 2014, the investment in palladium is valued at fair value. At December 31, 2013 the investment in palladium was valued at the lower of cost or market value. Refer to note 2.1 for a breakdown of cost and fair value of the investment in palladium.
[3] 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.
[4] Net assets at December 31, 2013 represents total liabilities, redeemable Shares and shareholders’ deficit. Authorized share capital is unlimited and no par value per share. Shares issued and outstanding at December 31, 2014 were 5,150,000 and at December 31, 2013 were 7,350,000. Net asset value at December 31, 2014 was $77.44 and at December 31, 2013 was $69.42.