Currency [Axis]
Palladium Ounces
Fair Value Hierarchy and NAV [Axis]
Fair Value, Inputs, Level 1 [Member]
Cover [Abstract]
Document Type
Amendment Flag
Amendment Description
Document Registration Statement
Document Annual Report
Document Quarterly Report
Document Transition Report
Document Shell Company Report
Document Shell Company Event Date
Document Period Start Date
Document Period End Date
Document Fiscal Period Focus
Document Fiscal Year Focus
Current Fiscal Year End Date
Entity File Number
Entity Registrant Name
Entity Central Index Key
Entity Primary SIC Number
Entity Tax Identification Number
Entity Incorporation, State or Country Code
Entity Address, Address Line One
Entity Address, Address Line Two
Entity Address, Address Line Three
Entity Address, City or Town
Entity Address, State or Province
Entity Address, Country
Entity Address, Postal Zip Code
Country Region
City Area Code
Local Phone Number
Extension
Written Communications
Soliciting Material
Pre-commencement Tender Offer
Pre-commencement Issuer Tender Offer
Title of 12(b) Security
No Trading Symbol Flag
Trading Symbol
Security Exchange Name
Title of 12(g) Security
Security Reporting Obligation
Annual Information Form
Audited Annual Financial Statements
Entity Well-known Seasoned Issuer
Entity Voluntary Filers
Entity Current Reporting Status
Entity Interactive Data Current
Entity Filer Category
Entity Small Business
Entity Emerging Growth Company
Elected Not To Use the Extended Transition Period
Document Accounting Standard
Other Reporting Standard Item Number
Entity Shell Company
Entity Public Float
Entity Bankruptcy Proceedings, Reporting Current
Entity Common Stock, Shares Outstanding
Documents Incorporated by Reference [Text Block]
Statement of Financial Position [Abstract]
ASSETS
Investment in palladium (cost: March 31, 2022: $415,255; December 31, 2021: $334,434)
Total assets
LIABILITIES
Fees payable to Sponsor
Palladium payable
Total liabilities
NET ASSETS
Investment Company [Abstract]
Investment in palladium at cost
Common stock, shares authorized
Common stock, no par value (in dollars per share)
Common stock, shares issued
Common stock, shares outstanding
Net asset value per share (in dollars per share)
Statement [Table]
Statement [Line Items]
Investment in palladium
Cost
Fair Value
% of Net Assets
Less liabilities
Less liabilities, % of Net Assets
Net Assets
Net Assets, % of Net Assets
Income Statement [Abstract]
EXPENSES
Sponsor's Fee
Total expenses
Net investment loss
REALIZED AND UNREALIZED GAINS / (LOSSES)
Realized gain on palladium transferred to pay expenses
Realized gain on palladium distributed for the redemption of Shares
Change in unrealized gain on investment in palladium
Change in unrealized gain on unsettled creations or redemptions
Total gain on investment in palladium
Change in net assets from operations
Net increase / (decrease) in net assets per Share
Weighted average number of Shares
Statement of Stockholders' Equity [Abstract]
Opening balance (in shares)
Opening balance
Net investment loss
Realized gain on investment in palladium
Creations (in shares)
Creations
Redemptions (in shares)
Redemptions
Closing balance (in shares)
Closing balance
Financial Highlights
Per Share Performance (for a Share outstanding throughout the entire period)
Net asset value per Share at beginning of period
Income from investment operations:
Net investment loss
Total realized and unrealized gains or losses on investment in palladium
Change in net assets from operations
Net asset value per Share at end of period
Expense ratio
Net investment loss ratio
Total return, net asset value
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization
Accounting Policies [Abstract]
Significant Accounting Policies
Related Party Transactions [Abstract]
Related Parties
Risks and Uncertainties [Abstract]
Concentration of Risk
Commitments and Contingencies Disclosure [Abstract]
Indemnification
Basis of Accounting
Valuation of Palladium
Palladium Receivable and Payable
Creations and Redemptions of Shares
Income Taxes
Investment in Palladium
Expenses / Realized Gains / Losses
Subsequent Events
The categorization of the Trust’s assets is as shown below:
Changes in ounces of palladium and their respective values for the three months ended March 31, 2022 and 2021 are set out below:
Minimum block of shares issued redeemed against palladium
Fair Value, Recurring and Nonrecurring [Table]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investment in palladium
Opening balance
Creations
Redemptions
Transfers of palladium to pay expenses
Closing balance
Opening balance
Creations
Redemptions
Transfers of palladium to pay expenses
Closing balance
Percentage of palladium held by sub-custodians
Palladium receivable
Reserve for uncertain tax positions
Maximum sponsor fee for legal expenses
All other expenses
Net investment gain (loss).
Realized gain or loss during the period on bullion distributed for the redemption of Shares. Realized gains or losses are calculated on a trade date basis using average cost.
Change in unrealized gain (loss) on investment in Bullion.
Net realized and unrealized gains and losses on investment in Bullion per share.
Change in net assets from operations per share.
Annualized rate of sponsor's fee.
Annualized net investment income (loss) ratio.
The minimum block of shares that can be created or redeemed against bullion deposits or distributions.
Disclosure of valuation of bullion policy.
Disclosure of bullion receivable and payable policy.
Disclosure of creation and redemptions of shares policy.
Disclosure of expenses policy.
Tabular disclosure of movement in the investment in bullion in the Trust.
Ounces of bullion received into the Trust's account in respect of creations.
Ounces of bullion paid out of the Trust's account in respect of redemptions.
Ounces of bullion transferred to pay Trust's expenses.
Amount of creations of bullion in investment.
Value of bullion distributed at average cost for the redemption of Shares excluding bullion payable.
Cost of Bullion transferred to pay Trust's expenses.
Percentage of asset being held by trust.
Amount of bullion payable at market value as of the reporting date.
Net Assets, Percentage of Net Assets.
The net gain or loss in the period on bullion.
Total return, at net asset value.
Amount of bullion receivable at market value as of the reporting date.
Maximum sponsor fee for legal expenses.
Net investment income (loss) per share.
The amount represents change in unrealized gain (loss) on unsettled creations or redemptions.
Assets
Liabilities
Operating Expenses
Total gain / (loss) on investment in palladium
Net Income (Loss) Attributable to Parent
Shares, Outstanding
Stockholders' Equity Attributable to Parent
Stock Redeemed or Called During Period, Shares
Stock Redeemed or Called During Period, Value
Net investment income (loss) per share
Change in net assets from operations
Investment in Physical Commodities, Fair Value Disclosure
Creations (in Ounces)
Creations [Default Label]
Redemptions [Default Label]
Transfers of palladiuim to pay expenses