abrdn Palladium ETF Trust

abrdn Palladium ETF Trust

abrdn Palladium ETF Trust was established in 2018 as part of abrdn plc's suite of commodity ETFs, following the firm's acquisition of the ETF business from Source in 2017. The trust is structured as a grantor trust, holding physical palladium bars in a London vault managed by a custodian. It trades on the NYSE Arca under the ticker PALL, offering retail and institutional investors a liquid way to gain exposure to palladium prices without futures or physical delivery. The trust's investment strategy is passive: it tracks the performance of palladium bullion, less expenses. It does not engage in active trading, derivatives, or leverage. Investors buy and sell shares on the exchange, with the trust maintaining a fixed inventory of palladium. As of May 2026, the trust had net assets of approximately $300 million, according to issuer filings. Geographic focus is global, as palladium pricing is set in London and New York markets, with major supply from South Africa and Russia. The trust is part of abrdn's broader commodities suite, which includes ETFs for gold, silver, platinum, and other metals. It competes with similar products from State Street, iShares, and Sprott. The trust's expense ratio is 0.60% (per the firm's prospectus, 2018). No recent operational events have been publicly reported for the trust specifically; abrdn plc announced a strategic review of its ETF business in March 2024 (per Financial Times, March 2024). The structural differentiator of abrdn Palladium ETF Trust is its focus on single-commodity physical palladium, a niche within the commodity ETF space. Unlike broader precious metals funds, it offers pure-play exposure to palladium, which is used primarily in automotive catalytic converters and industrial applications. The trust operates under SEC regulation as a commodity pool, with shares redeemable in large creation units by authorized participants.