Statements of Assets and Liabilities - USD ($)		Dec. 31, 2018	Dec. 31, 2017
ASSETS
Investment in palladium (cost: December 31, 2018: $112,344; December 31, 2017: $155,318)		$ 185,555,000	$ 241,679,000
Total assets		185,555,000	241,679,000
LIABILITIES
Fees payable to Sponsor		89,688	124,409
Total Liabilities		90,000	124,000
Net assets	[1]	$ 185,465,000	$ 241,555,000

[1] Authorized share capital is unlimited and no par value per share. Shares issued and outstanding at December 31, 2018 were 1,550,000 and at December 31, 2017 were 2,400,000. Net asset value per share at December 31, 2018 was $119.66 and at December 31, 2017 was $100.65.