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Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 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$) 

September 30, 2024 

  

December 31, 2023 

 
Level 1          
Investment in palladium  $270,717   $219,421 
Changes in ounces of palladium and their respective values for the three and nine months ended September 30, 2024 and 2023 are set out below:

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

 

   Three Months Ended
September 30, 2024		   Three Months Ended
September 30, 2023		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   292,303.9    184,510.3 
Creations   19,468.1    — 
Redemptions   (40,062.1)   (4,608.7)
Transfers of palladium to pay expenses   (449.9)   (276.2)
Closing balance   271,260.0    179,625.4 
           
Investment in palladium          
Opening balance  $284,119   $231,376 
Creations   18,116    — 
Redemptions   (41,427)   (5,931)
Realized (loss) on palladium distributed for the redemption of Shares   (16,344)   (2,863)
Transfers of palladium to pay expenses   (423)   (356)
Realized (loss) / gain on palladium transferred to pay expenses   (229)   (171)
Change in unrealized gain on investment in palladium   26,905    9,482 
Closing balance  $270,717   $231,537 

 

 

   Nine Months
Ended
September 30, 2024		   Nine Months
Ended
September 30, 2023		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   193,152.2    166,556.4 
Creations   159,426.9    39,271.0 
Redemptions   (80,197.9)   (25,394.5)
Transfers of palladium to pay expenses   (1,121.2)   (807.5)
Closing balance   271,260.0    179,625.4 
           
Investment in palladium          
Opening balance  $219,421   $295,638 
Creations   154,581    59,238 
Redemptions   (80,896)   (38,409)
Realized (loss) on palladium distributed for the redemption of Shares   (39,647)   (10,747)
Transfers of palladium to pay expenses   (1,099)   (1,191)
Realized (loss) / gain on palladium transferred to pay expenses   (670)   (369)
Change in unrealized gain / (loss) on investment in palladium   19,027    (72,623)
Closing balance  $270,717   $231,537