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Significant Accounting Policies (Tables)
 3 Months Ended
Mar. 31, 2024
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, 2024   December 31, 2023 
         
Level 1          
Investment in palladium  $224,161   $219,421 
Changes in ounces of palladium and their respective values for the three months ended March 31, 2024 and 2023 are set out below:

Changes in ounces of palladium and their respective values for the three months ended March 31, 2024 and 2023 are set out below:

 

   Three Months
Ended
March 31, 2024		   Three Months
Ended
March 31, 2023		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   193,152.2    166,556.4 
Creations   43,643.4    34,657.7 
Redemptions   (16,072.6)   (16,169.7)
Transfers of palladium to pay expenses   (308.7)   (251.9)
Closing balance   220,414.3    184,792.5 
           
Investment in palladium          
Opening balance  $219,421   $295,638 
Creations   41,486    52,731 
Redemptions   (15,623)   (24,964)
Realized (loss) on palladium distributed for the redemption of Shares   (11,719)   (6,533)
Transfers of palladium to pay expenses   (314)   (423)
Realized (loss) on palladium transferred to pay expenses   (228)   (73)
Change in unrealized (loss) on investment in palladium   (8,862)   (41,035)
Closing balance  $224,161   $275,341