SCHEDULE 13G 0001084208 XXXXXXXX LIVE Units of Beneficial Interest 09/30/2025 0001539190 SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST 85207Q104 200 BAY STREET 200 BAY ST. #2600 TORONTO A6 M5J 2J1 Rule 13d-1(b) RAYMOND JAMES & ASSOCIATES b X1 0.00 0.00 505516.00 0.00 505516.00 5.1 IA SPROTT PHYSICAL PLATINUM & PALLADIUM TRUST 200 BAY STREET, 200 BAY ST. #2600, TORONTO, ONTARIO, CANADA, M5J 2J1 RAYMOND JAMES & ASSOCIATES 880 CARILLON PARKWAY, ST PETERSBURG FL 33716 US N BD IA 505,516.00 5.1 0 0 505,516.00 0 Y N Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. RAYMOND JAMES & ASSOCIATES Rachel Jacobson 10/23/2025