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Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2025

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, 2025				December 31, 2024
Level 1
Investment in palladium		$	515,526			$	354,243

Changes in ounces of palladium and their respective values for the three and six months ended June 30, 2025 and 2024 are set out below:

Changes in ounces of palladium and their respective values for the three and six months ended June 30, 2025 and 2024 are set out below:

		Three Months Ended June 30, 2025				Three Months Ended June 30, 2024
(Amounts in 000’s of US$, except for ounces data)
Ounces of palladium
Opening balance			374,276.3				220,414.3
Creations			117,359.5				96,315.4
Redemptions			(36,489.5	)			(24,063.4	)
Transfers of palladium to pay expenses			(537.7	)			(362.4	)
Closing balance			454,608.6				292,303.9
Investment in palladium
Opening balance		$	369,036			$	224,161
Creations			118,740				94,979
Redemptions			(33,636	)			(23,846	)
Realized (loss) on palladium distributed for the redemption of Shares			(11,095	)			(11,584	)
Transfers of palladium to pay expenses			(514	)			(362	)
Realized (loss) on palladium transferred to pay expenses			(138	)			(213	)
Change in unrealized gain on investment in palladium			73,133				984
Closing balance		$	515,526			$	284,119

		Six Months Ended June 30, 2025				Six Months Ended June 30, 2024
(Amounts in 000’s of US$, except for ounces data)
Ounces of palladium
Opening balance			389,706.3				193,152.2
Creations			155,002.0				139,958.8
Redemptions			(88,999.8	)			(40,135.8	)
Transfers of palladium to pay expenses			(1,099.9	)			(671.3	)
Closing balance			454,608.6				292,303.9
Investment in palladium
Opening balance		$	354,243			$	219,421
Creations			154,990				136,465
Redemptions			(85,111	)			(39,469	)
Realized (loss) on palladium distributed for the redemption of Shares			(25,748	)			(23,303	)
Transfers of palladium to pay expenses			(1,045	)			(676	)
Realized (loss) on palladium transferred to pay expenses			(315	)			(441	)
Change in unrealized gain / (loss) on investment in palladium			118,512				(7,878	)
Closing balance		$	515,526			$	284,119

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+ References

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- Definition

Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482106/820-10-50-2

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