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Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2022
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, 2022

  

December 31, 2021

 
         
Level 1          
Investment in palladium  $461,951   $358,161 
Changes in ounces of palladium and their respective values for the three months ended March 31, 2022 and 2021 are set out below:

Changes in ounces of palladium and their respective values for the three months ended March 31, 2022 and 2021 are set out below:

 

   Three Months
Ended
March 31, 2022		   Three Months
Ended
March 31, 2021		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   181,531.1    152,187.5 
Creations   39,500.4    11,688.4 
Redemptions   (16,273.3)   (9,348.2)
Transfers of palladium to pay expenses   (264.9)   (227.4)
Closing balance   204,493.3    154,300.3 
           
Investment in palladium          
Opening balance  $358,161   $356,424 
Creations   112,112    28,524 
Redemptions   (35,105)   (23,814)
Realized gain on palladium distributed for the redemption of Shares   4,305    9,510 
Transfers of palladium to pay expenses   (556)   (537)
Realized gain on palladium transferred to pay expenses   65    199 
Change in unrealized gain on investment in palladium   21,908    34,733 
Change in unrealized gain on unsettled creations or redemptions   1,061    — 
Closing balance  $461,951   $405,039