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Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 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$)  June 30, 2022   December 31, 2021 
         
Level 1          
Investment in palladium  $332,940   $358,161 
Changes in ounces of palladium and their respective values for the three and six months ended June 30, 2022 and 2021 are set out below:

Changes in ounces of palladium and their respective values for the three and six months ended June 30, 2022 and 2021 are set out below:

 

   Three Months Ended
June 30, 2022		   Three Months Ended
June 30, 2021		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   204,493.3    154,300.3 
Creations   —    30,350.1 
Redemptions   (27,853.8)   (2,335.3)
Transfers of palladium to pay expenses   (294.0)   (243.0)
Closing balance   176,345.5    182,072.1 
           
Investment in palladium          
Opening balance  $461,951   $405,039 
Creations   —    83,167 
Redemptions   (57,001)   (7,006)
Realized gain on palladium distributed for the redemption of Shares   439    3,197 
Transfers of palladium to pay expenses   (688)   (658)
Realized gain on palladium transferred to pay expenses   91    269 
Change in unrealized (loss) / gain on investment in palladium   (70,791)   8,862 
Change in unrealized gain on unsettled creations or redemptions   (1,061)   — 
Closing balance  $332,940   $492,870 

 

   Six Months
Ended
June 30, 2022		   Six Months
Ended
June 30, 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    42,038.5 
Redemptions   (44,127.3)   (11,683.5)
Transfers of palladium to pay expenses   (558.7)   (470.4)
Closing balance   176,345.5    182,072.1 
           
Investment in palladium          
Opening balance  $358,161   $356,424 
Creations   112,111    111,691 
Redemptions   (92,106)   (30,820)
Realized gain on palladium distributed for the redemption of Shares   4,745    12,707 
Transfers of palladium to pay expenses   (1,244)   (1,194)
Realized gain on palladium transferred to pay expenses   156    468 
Change in unrealized (loss) / gain on investment in palladium   (48,883)   43,594 
Closing balance  $332,940   $492,870