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Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 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$)  September 30, 2020   December 31, 2019 
         
Level 2          
Investment in palladium  $394,214   $300,638 
Changes in ounces of palladium and their respective values for the three and nine months ended September 30, 2020 and 2019 are set out below:

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

 

   Three Months
Ended
September 30, 2020		   Three Months
Ended
September 30, 2019		 
(Amounts in 000's of US$, except for ounces data)          
Ounces of palladium          
Opening balance   138,553.8    137,029.7 
Creations   32,845.0    4,718.2 
Redemptions   (2,344.2)   (7,079.3)
Transfers of palladium to pay expenses   (226.4)   (205.2)
Closing balance   168,828.2    134,463.4 
           
Investment in palladium          
Opening balance  $263,945   $208,833 
Creations   69,945    7,153 
Redemptions   (5,352)   (11,080)
Realized gain on palladium distributed for the redemption of Shares   5,940    4,696 
Transfers of palladium to pay expenses   (463)   (304)
Realized gain on palladium transferred to pay expenses   145    120 
Change in unrealized (loss) / gain on investment in palladium   60,054    15,673 
Closing balance  $394,214   $225,091 

 

   Nine Months Ended
September 30, 2020		   Nine Months Ended
September 30, 2019		 
(Amounts in 000's of US$, except for ounces data)          
Ounces of palladium          
Opening balance   157,815.0    146,915.9 
Creations   70,459.7    37,852.4 
Redemptions   (58,777.0)   (49,633.9)
Transfers of palladium to pay expenses   (669.5)   (671.0)
Closing balance   168,828.2    134,463.4 
           
Investment in palladium          
Opening balance  $300,638   $185,555 
Creations   150,950    55,466 
Redemptions   (117,250)   (69,366)
Realized gain on palladium distributed for the redemption of Shares   49,825    25,292 
Transfers of palladium to pay expenses   (1,411)   (948)
Realized gain on palladium transferred to pay expenses   563    365 
Change in unrealized gain on investment in palladium   10,899    28,727 
Closing balance  $394,214   $225,091