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Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2020
Accounting Policies [Abstract]  
The categorization of the Trust’s assets is as shown below:

 

The categorization of the Trust’s assets is as shown below:

 

(Amounts in 000’s of US$)  June 30,
2020		   December 31,
2019		 
Level 2          
Investment in palladium  $263,945   $300,638 
Changes in ounces of palladium and their respective values for the three and six months ended June 30, 2020 and 2019 are set out below:

 

Changes in ounces of palladium and their respective values for the three and six months ended June 30, 2020 and 2019 are set out below:

 

   Three Months Ended
June 30, 2020		   Three Months Ended
June 30, 2019		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   131,714.5    170,362.8 
Creations   14,090.0    — 
Redemptions   (7,047.2)   (33,090.0)
Transfers of palladium to pay expenses   (203.5)   (243.1)
Closing balance   138,553.8    137,029.7 
           
Investment in palladium          
Opening balance  $303,865   $236,804 
Creations   27,196    — 
Redemptions   (13,641)   (44,785)
Realized gain on palladium distributed for the redemption of Shares   4,647    15,187 
Transfers of palladium to pay expenses   (416)   (344)
Realized gain on palladium transferred to pay expenses   160    127 
Change in unrealized (loss) / gain on investment in palladium   (57,866)   1,844 
Closing balance  $263,945   $208,833 

 

   Six Months Ended
June 30, 2020		   Six Months Ended
June 30, 2019		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   157,815.0    146,915.9 
Creations   37,614.8    33,134.3 
Redemptions   (56,432.8)   (42,554.5)
Transfers of palladium to pay expenses   (443.2)   (466.0)
Closing balance   138,553.8    137,029.7 
           
Investment in palladium          
Opening balance  $300,638   $185,555 
Creations   81,005    48,313 
Redemptions   (111,898)   (58,286)
Realized gain on palladium distributed for the redemption of Shares   43,885    20,595 
Transfers of palladium to pay expenses   (948)    (645)
Realized gain on palladium transferred to pay expenses   418    246 
Change in unrealized (loss) / gain on investment in palladium   (49,155)   13,055 
Closing balance  $263,945   $208,833