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Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 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$)  December 31, 2023   December 31, 2022 
Level 1          
Investment in palladium  $219,421   $295,638 
Changes in ounces of palladium and their respective values for the years ended December 31, 2023 and 2022 are set out below:

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

 

   Year Ended
December 31, 2023		   Year Ended
December 31, 2022		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   166,556.4    181,531.1 
Creations   53,072.5    58,004.8 
Redemptions   (25,394.5)   (71,914.8)
Transfers of palladium to pay expenses   (1,082.2)   (1,064.7)
Closing balance   193,152.2    166,556.4 
           
Investment in palladium          
Opening balance  $295,638   $358,161 
Creations   73,610    145,623 
Redemptions   (38,410)   (147,622)
Realized (loss) / gain on palladium distributed for the redemption of Shares   (10,746)   3,889 
Transfers of palladium to pay expenses   (1,499)   (2,270)
Realized gain on palladium transferred to pay expenses   (579)   155 
Change in unrealized (loss) on investment in palladium   (98,593)   (62,298)
Closing balance  $219,421   $295,638