v3.22.2.2
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
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$)  December 31,
2021		   December 31,
2020		 
         
Level 1          
Investment in palladium  $358,161   $356,424 
Changes in ounces of palladium and their respective values for the years ended December 31, 2021 and 2020 are set out below:

Changes in ounces of palladium and their respective values for the years ended December 31, 2021 and 2020 are set out below:

 

   Year Ended
December 31, 2021		   Year Ended
December 31, 2020		 
(Amounts in 000’s of US$, except for ounces data)          
Ounces of palladium          
Opening balance   152,187.5    157,815.0 
Creations   83,977.6    70,459.8 
Redemptions   (53,626.6)   (75,173.5)
Transfers of palladium to pay expenses   (1,007.4)   (913.8)
Closing balance   181,531.1    152,187.5 
           
Investment in palladium          
Opening balance  $356,424   $300,638 
Creations   205,730    150,950 
Redemptions   (131,079)   (155,805)
Realized gain on palladium distributed for the redemption of Shares   37,317    60,188 
Transfers of palladium to pay expenses   (2,443)   (1,980)
Realized gain on palladium transferred to pay expenses   743    773 
Change in unrealized (loss) / gain on investment in palladium   (108,531)   1,660 
Closing balance  $358,161   $356,424