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Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 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$)  June 30, 2024   December 31, 2023 
Level 1          
Investment in palladium  $284,119   $219,421 
Changes in ounces of palladium and their respective values for the three and six months ended June 30, 2024 and 2023 are set out below:

Changes in ounces of palladium and their respective values for the three and six months ended June 30, 2024 and 2023 are set out below:

 

  

Three Months Ended
June 30, 2024

  

Three Months Ended
June 30, 2023 

 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   220,414.3    184,792.5 
Creations   96,315.4    4,613.3 
Redemptions   (24,063.4)   (4,616.1)
Transfers of palladium to pay expenses   (362.4)   (279.4)
Closing balance   292,303.9    184,510.3 
           
Investment in palladium          
Opening balance  $224,161   $275,341 

 

  

Three Months Ended
June 30, 2024

  

Three Months Ended
June 30, 2023 

 
Creations   94,979    6,507 
Redemptions   (23,846)   (7,515)
Realized (loss) on palladium distributed for the redemption of Shares   (11,584)   (1,352)
Transfers of palladium to pay expenses   (362)   (411)
Realized gain on palladium transferred to pay expenses   (213)   (125)
Change in unrealized gain / (loss) on investment in palladium   984    (41,069)
Closing balance  $284,119   $231,376 

 

 

  

Six Months
Ended
June 30, 2024

  

Six Months
Ended
June 30, 2023

 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   193,152.2    166,556.4 
Creations   139,958.8    39,271.0 
Redemptions   (40,135.8)   (20,785.8)
Transfers of palladium to pay expenses   (671.3)   (531.3)
Closing balance   292,303.9    184,510.3 
           
Investment in palladium          
Opening balance  $219,421   $295,638 
Creations   136,465    59,238 
Redemptions   (39,469)   (32,479)
Realized (loss) on palladium distributed for the redemption of Shares   (23,303)   (7,885)
Transfers of palladium to pay expenses   (676)   (834)
Realized gain / (loss) on palladium transferred to pay expenses   (441)   (198)
Change in unrealized (loss) on investment in palladium   (7,878)   (82,104)
Closing balance  $284,119   $231,376