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Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 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$) 

September 30, 2021 

  

December 31, 2020 

 
         
Level 1          
Investment in palladium  $327,537   $356,424 
Changes in ounces of palladium and their respective values for the three and nine months ended September 30, 2021 and 2020 are set out below:

Changes in ounces of palladium and their respective values for the three and nine months ended September 30, 2021 and 2020 are set out below:

 

  

Three Months Ended
September 30, 2021 

  

Three Months Ended
September 30, 2020 

 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   182,072.1    138,553.8 
Creations   23,312.9    32,845.0 
Redemptions   (32,637.3)   (2,344.2)
Transfers of palladium to pay expenses   (269.0)   (226.4)
Closing balance   172,478.7    168,828.2 
           
Investment in palladium          
Opening balance  $492,870   $263,945 
Creations   57,616    69,945 
Redemptions   (83,187)   (5,352)
Realized gain on palladium distributed for the redemption of Shares   24,682    5,940 
Transfers of palladium to pay expenses   (716)   (463)
Realized gain on palladium transferred to pay expenses   236    145 
Change in unrealized (loss) / gain on investment in palladium   (163,964)   60,054 
Closing balance  $327,537   $394,214 

 

  

Nine Months
Ended
September 30, 2021 

  

Nine Months
Ended
September 30, 2020 

 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   152,187.5    157,815.0 
Creations   65,351.4    70,459.7 
Redemptions   (44,320.8)   (58,777.0)
Transfers of palladium to pay expenses   (739.4)   (669.5)
Closing balance   172,478.7    168,828.2 
           
Investment in palladium          
Opening balance  $356,424   $300,638 
Creations   169,308    150,950 
Redemptions   (114,007)   (117,250)
Realized gain on palladium distributed for the redemption of Shares   37,389    49,825 
Transfers of palladium to pay expenses   (1,911)   (1,411)
Realized gain on palladium transferred to pay expenses   704    563 
Change in unrealized (loss) / gain on investment in palladium   (120,370)   10,899 
Closing balance  $327,537   $394,214