Statements of Assets and Liabilities - USD ($)		Dec. 31, 2016	Dec. 31, 2015
ASSETS
Investment in palladium (cost: December 31, 2016: $169,185; December 31, 2015: $218,668)		$ 178,342,000	$ 184,779,000
Total assets		178,342,000	184,779,000
LIABILITIES
Fees payable to Sponsor		89,977	97,509
Palladium payable		0	2,639,000
Total Liabilities		90,000	2,736,000
NET ASSETS	[1]	$ 178,252,000	$ 182,043,000

[1] Shares issued and outstanding at December 31, 2016 were 2,750,000 and at December 31, 2015 were 3,450,000. Net asset value at December 31, 2016 was $64.82 and at December 31, 2015 was $52.77.