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Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 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$)  June 30, 2023   December 31, 2022 
         
Level 1          
Investment in palladium  $231,376   $295,638 
Changes in ounces of palladium and their respective values for the three and six months ended June 30, 2023 and 2022 are set out below:

Changes in ounces of palladium and their respective values for the three and six months ended June 30, 2023 and 2022 are set out below:

 

   Three Months
Ended
June 30, 2023		   Three Months
Ended
June 30, 2022		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   184,792.5    204,493.3 
Creations   4,613.3    — 
Redemptions   (4,616.1)   (27,853.8)
Transfers of palladium to pay expenses   (279.4)   (294.0)
Closing balance   184,510.3    176,345.5 

 

 

   Three Months
Ended
June 30, 2023		   Three Months
Ended
June 30, 2022		 
Investment in palladium          
Opening balance  $275,341   $461,951 
Creations   6,507    — 
Redemptions   (7,515)   (57,001)
Realized (loss) / gain on palladium distributed for the redemption of Shares   (1,352)   439 
Transfers of palladium to pay expenses   (411)   (688)
Realized (loss) / gain on palladium transferred to pay expenses   (125)   91 
Change in unrealized (loss) on investment in palladium   (41,069)   (70,791)
Change in unrealized gain on unsettled creations or redemptions   —    (1,061)
Closing balance  $231,376   $332,940 

 

   Six Months
Ended
June 30, 2023		   Six Months
Ended
June 30, 2022		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   166,556.4    181,531.1 
Creations   39,271.0    39,500.4 
Redemptions   (20,785.8)   (44,127.3)
Transfers of palladium to pay expenses   (531.3)   (558.7)
Closing balance   184,510.3    176,345.5 
           
Investment in palladium          
Opening balance  $295,638   $358,161 
Creations   59,238    112,111 
Redemptions   (32,479)   (92,106)
Realized (loss) / gain on palladium distributed for the redemption of Shares   (7,885)   4,745 
Transfers of palladium to pay expenses   (834)   (1,244)
Realized (loss) / gain on palladium transferred to pay expenses   (198)   156 
Change in unrealized (loss) on investment in palladium   (82,104)   (48,883)
Closing balance  $231,376   $332,940