abrdn Palladium ETF Trust

abrdn Palladium ETF Trust is an investment trust whose sole purpose is to hold physical palladium bullion. The trust issues shares that represent fractional undivided beneficial ownership interests in its physical palladium assets. Its shares provide retail and institutional investors with an exchange-traded vehicle to obtain cost-effective exposure to physical palladium without incurring the direct expenses, storage requirements, and logistical complexities associated with holding physical bullion.

The trust's assets consist exclusively of physical palladium bullion, which is held in custody in London and Zurich vaults by its custodian, ICBC Standard Bank Plc. The trust is organized under New York law, has no operating employees or corporate board, and operates through its sponsor, abrdn ETFs Sponsor LLC, located in Philadelphia, Pennsylvania. Its shares trade publicly on the NYSE Arca under the ticker symbol PALL.

Summary of the business section of abrdn Palladium ETF Trust's latest annual report, written by StockData.