XML 24 R14.htm IDEA: XBRL DOCUMENT v3.23.3
Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 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$) 

September 30, 2023 

  

December 31, 2022 

 
Level 1          
Investment in palladium  $231,537   $295,638 
Changes in ounces of palladium and their respective values for the three and nine months ended September 30, 2023 and 2022 are set out below:

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

 

  

Three Months Ended
September 30, 2023 

  

Three Months Ended
September 30, 2022 

 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   184,510.3    176,345.5 
Creations   —    — 
Redemptions   (4,608.7)   (13,906.7)
Transfers of palladium to pay expenses   (276.2)   (263.3)
Closing balance   179,625.4    162,175.5 

 

 

  

Three Months Ended
September 30, 2023 

  

Three Months Ended
September 30, 2022 

 
Investment in palladium        
Opening balance  $231,376   $332,940 
Creations   —    — 
Redemptions   (5,931)   (28,815)
Realized (loss) / gain on palladium distributed for the redemption of Shares   (2,863)   575 
Transfers of palladium to pay expenses   (356)   (529)
Realized (loss) on palladium transferred to pay expenses   (171)   (6)
Change in unrealized gain on investment in palladium   9,482    54,891 
Closing balance  $231,537   $359,056 

 

 

   Nine Months
Ended
September 30, 2023		   Nine Months
Ended
September 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   (25,394.5)   (58,033.8)
Transfers of palladium to pay expenses   (807.5)   (822.2)
Closing balance   179,625.4    162,175.5 
           
Investment in palladium          
Opening balance  $295,638   $358,161 
Creations   59,238    112,111 
Redemptions   (38,409)   (120,921)
Realized (loss) / gain on palladium distributed for the redemption of Shares   (10,747)   5,320 
Transfers of palladium to pay expenses   (1,191)   (1,773)
Realized (loss) / gain on palladium transferred to pay expenses   (369)   151 
Change in unrealized (loss) / gain on investment in palladium   (72,623)   6,007 
Closing balance  $231,537   $359,056