abrdn Palladium ETF Trust reported Q1 2026 results with a sharp drop in net asset value driven by lower palladium prices and net redemptions. NAV fell 23.74% from $1,035,462,345 at December 31, 2025 to $789,607,931 at March 31, 2026, while NAV per share declined 7.73% from $142.33 to $131.33.
The palladium price tracked by the Trust fell 7.59%, from $1,567.00 to $1,448.00, and ounces held decreased from 638,401.4 to 545,618.0. The Trust realized gains of about $53.2M on palladium distributed for redemptions but recorded an unrealized loss of $128.8M. The annualized expense ratio remained 0.60%, entirely from the Sponsor’s Fee.
The Trust ended the quarter with 6,012,500 Shares outstanding versus 7,275,000 at year-end, after 50 Baskets were created and 151 Baskets redeemed. The Sponsor also approved a 5-for-1 forward share split effective prior to the market open on May 18, 2026, which will quintuple share count and reduce per-share price proportionately without changing overall value.
ABRDN ETF TRUST, sponsor of the abrdn Physical Palladium Shares ETF, announced a 5-for-1 forward share split for the PALL fund. Shareholders of record as of the market close on May 14, 2026 will receive five new shares for each existing share, payable after market close on May 15, 2026. The post-split shares will begin trading on May 18, 2026 at one-fifth of the prior net asset value per share, while the total value of each investor’s holding remains the same. A related press release also describes a 10-for-1 forward share split for the abrdn Physical Platinum Shares ETF (PPLT) on the same timetable. Ticker symbols and CUSIP numbers for both funds will remain unchanged.
abrdn Palladium ETF Trust filed Amendment No. 1 to its annual report for the year ended December 31, 2025. The amendment is narrow: it adds KPMG’s report on internal control over financial reporting, which was inadvertently omitted, and re-executes related officer certifications.
The trust holds only physical palladium bullion and issues shares designed to track palladium prices, before expenses. As of June 30, 2025, its shares had an aggregate market value of $501,792,375, and as of February 26, 2026, there were 7,300,000 abrdn Physical Palladium Shares ETF outstanding.
The filing also restates detailed background on the palladium market, including major sources of supply and demand, historical price behavior, the London and Zurich bullion markets, and how the trust values its metal and handles creations and redemptions through authorized participants.
abrdn Palladium ETF Trust filed its annual report describing how it gives investors exposure to physical palladium bullion through NYSE Arca-listed shares. The Trust holds only palladium, values it using the LBMA Palladium Price PM, and had 7,300,000 shares outstanding as of February 26, 2026, with an aggregate market value of $501,792,375 as of June 30, 2025.
The sponsor charges a 0.60% annual fee on adjusted net asset value, paid in palladium, and reported Sponsor’s Fees of $3,203,228 for 2025. The report explains creation and redemption in 12,500-share Baskets, custody and inspection of palladium, the palladium supply–demand backdrop, and U.S. tax and ERISA considerations for different types of investors.
abrdn Palladium ETF Trust (PALL) reported Q3 2025 results tracking physical palladium. Net asset value (NAV) rose to $622,116,604 at September 30, 2025, up 20.73% from June 30. NAV per share increased 8.75% to $112.35, reflecting an 8.91% rise in the LBMA palladium price to $1,235.00/oz and net share creations during the quarter.
The Trust held 503,971.9 oz of palladium at quarter end, valued at $622,405,000. Shares outstanding were 5,537,500 at September 30, 2025. For context, shares outstanding were 6,075,000 as of November 6, 2025.
During Q3, the Trust saw 1,025,000 shares created (82 baskets) and 475,000 shares redeemed (38 baskets). Quarterly total return (NAV) was 8.75%. The Sponsor’s Fee was $819,311 for the quarter and accrues at an annualized 0.60% of adjusted daily NAV. The custodian holding all bullion at September 30, 2025 was ICBC Standard Bank Plc. No other expenses, legal proceedings, or off‑balance sheet arrangements were reported.