XML 24 R24.htm IDEA: XBRL DOCUMENT v2.4.1.9
Significant Accounting Policies (Schedule Of Investment In Palladium) (Details) (USD $)
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2014
oz
Dec. 31, 2013
oz
Dec. 31, 2012
oz
Significant Accounting Policies [Abstract]      
Opening balance (in Ounces) 717,967.6us-gaap_InvestmentOwnedBalanceOtherMeasure 712,474.5us-gaap_InvestmentOwnedBalanceOtherMeasure 588,255.6us-gaap_InvestmentOwnedBalanceOtherMeasure
Creations (in Ounces) 24,356.7pall_CreationsOuncesOfBullion 196,033.9pall_CreationsOuncesOfBullion 286,166.1pall_CreationsOuncesOfBullion
Redemptions (in Ounces) (223,886.6)pall_RedemptionsOuncesOfBullion (185,992.9)pall_RedemptionsOuncesOfBullion (157,419.8)pall_RedemptionsOuncesOfBullion
Transfers of palladium to pay expenses (in Ounces) (3,822.2)pall_TransfersOfBullionOunces (4,547.9)pall_TransfersOfBullionOunces (4,527.4)pall_TransfersOfBullionOunces
Closing balance (in Ounces) 514,615.5us-gaap_InvestmentOwnedBalanceOtherMeasure 717,967.6us-gaap_InvestmentOwnedBalanceOtherMeasure 712,474.5us-gaap_InvestmentOwnedBalanceOtherMeasure
Investment in palladium, fair value, Opening balance $ 510,475us-gaap_InvestmentInPhysicalCommodities $ 445,038us-gaap_InvestmentInPhysicalCommodities $ 351,083us-gaap_InvestmentInPhysicalCommodities
Investment in palladium, lower of cost or market value, Opening balance 463,598pall_InvestmentInBullion [1],[2]    
Creations 19,757pall_CreationsValueOfBullion 140,584pall_CreationsValueOfBullion [3] 194,997pall_CreationsValueOfBullion [3]
Redemptions (174,468)pall_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable (133,958)pall_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable (98,852)pall_ValueOfBullionDistributedForRedemptionOfSharesExcludingBullionPayable
Realized gain on palladium distributed for redemptions 29,111pall_RealizedGainLossOnBullionDistributedForRedemptionOfShares [4] 14,838pall_RealizedGainLossOnBullionDistributedForRedemptionOfShares [5] 616pall_RealizedGainLossOnBullionDistributedForRedemptionOfShares [5]
Transfers of palladiuim to pay expenses (3,031)pall_CostOfBullionTransferredToPayExpenses (3,291)pall_CostOfBullionTransferredToPayExpenses (2,884)pall_CostOfBullionTransferredToPayExpenses
Realized gain on palladium transferred to pay expenses 550us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [4] 387us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [5] 78us-gaap_GainLossOnSaleOfTrustAssetsToPayExpenses [5]
Unrealized gain on investment in palladium 28,269pall_ChangeInUnrealizedGainLossOnInvestmentInBullion [4] 0pall_ChangeInUnrealizedGainLossOnInvestmentInBullion 0pall_ChangeInUnrealizedGainLossOnInvestmentInBullion
Investment in palladium, fair value, closing balance 410,663us-gaap_InvestmentInPhysicalCommodities [1],[4] 510,475us-gaap_InvestmentInPhysicalCommodities 445,038us-gaap_InvestmentInPhysicalCommodities
Investment in palladium, lower of cost or market value, closing balance   $ 463,598pall_InvestmentInBullion [1],[2]  
[1] 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.
[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.
[3] In accordance with Topic 946, Investment Companies, the Trust meets the exemption criteria to exclude a statement of cash flows. Thus one has not been presented for the year ended December 31, 2014. Refer to Note 2.1 for additional information.
[4] 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.
[5] Amounts are those previously reported under non-investment company accounting.  Refer to Note 2.1 for additional information.