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Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2021
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$)  March 31, 2021   December 31, 2020 
         
Level 1          
Investment in palladium  $405,039   $356,424 
Changes in ounces of palladium and their respective values for the three months ended March 31, 2021 and 2020 are set out below:

Changes in ounces of palladium and their respective values for the three months ended March 31, 2021 and 2020 are set out below:

 

   Three Months Ended
March 31, 2021		   Three Months Ended
March 31, 2020		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   152,187.5    157,815.0 
Creations   11,688.4    23,524.8 
Redemptions   (9,348.2)   (49,385.6)
Transfers of palladium to pay expenses   (227.4)   (239.7)
Closing balance   154,300.3    131,714.5 
           

 

 

   Three Months Ended
March 31, 2021		   Three Months Ended
March 31, 2020		 
Investment in palladium          
Opening balance  $356,424   $300,638 
Creations   28,524    53,808 
Redemptions   (23,814)   (98,257)
Realized gain on palladium distributed for the redemption of Shares   9,510    39,238 
Transfers of palladium to pay expenses   (537)   (531)
Realized gain on palladium transferred to pay expenses   199    258 
Change in unrealized gain on investment in palladium   34,733    8,711 
Closing balance  $405,039   $303,865