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Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2023
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,
2023

  

December 31,
2022

 
         
Level 1          
Investment in palladium  $275,341   $295,638 
Changes in ounces of palladium and their respective values for the three months ended March 31, 2023 and 2022 are set out below:

Changes in ounces of palladium and their respective values for the three months ended March 31, 2023 and 2022 are set out below:

 

   Three Months
Ended
March 31, 2023		   Three Months
Ended
March 31, 2022		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   166,556.4    181,531.1 
Creations   34,657.7    39,500.4 
Redemptions   (16,169.7)   (16,273.3)
Transfers of palladium to pay expenses   (251.9)   (264.9)
Closing balance   184,792.5    204,493.3 
           
Investment in palladium          
Opening balance  $295,638   $358,161 
Creations   52,731    112,112 
Redemptions   (24,964)   (35,105)
Realized (loss) / gain on palladium distributed for the redemption of Shares   (6,533)   4,305 
Transfers of palladium to pay expenses   (423)   (556)
Realized (loss) / gain on palladium transferred to pay expenses   (73)   65 
Change in unrealized (loss) / gain on investment in palladium   (41,035)   21,908 
Change in unrealized gain on unsettled creations or redemptions   —    1,061 
Closing balance  $275,341   $461,951