The abrdn Physical Palladium Shares ETF (PALL) is an exchange-traded fund designed to track the performance of physical palladium prices in global markets. The ETF is managed by abrdn ETFs Sponsor LLC and trades under the ticker PALL on NYSE Arca.

Classified as a commodities ETF with direct physical exposure to palladium, PALL seeks to reflect, before fees and expenses, changes in the price of physical palladium.

The fund follows a passive management strategy, holding allocated physical palladium bars in specialized custody. Its structure seeks to reflect spot palladium prices in global markets, net of the ETF’s operational expenses.

Composition / Exposure profile

PALL provides concentrated exposure to the global physical palladium market, a commodity used in several industrial applications, including:

• Industrial precious metals
• Automotive industry
• Catalyst manufacturing
• Specialized industrial applications

This structure provides direct exposure to fluctuations in international physical palladium prices.

Structure and costs

PALL shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.

The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. PALL does not distribute income, since its portfolio consists exclusively of physical palladium, which does not generate cash flow.

History and evolution of the ETF

The abrdn Physical Palladium Shares ETF was launched in 2010, during a period of growing demand for exchange-traded exposure to physical commodities and industrial metals.

Since inception, the fund has been used by investors seeking direct exposure to international palladium prices through a physically backed structure.

In recent years, PALL has reflected volatility in industrial metals markets, supply fluctuations tied to Russian and South African production, automotive sector demand, and technological shifts associated with the energy transition.

Additional Information

abrdn Physical Palladium Shares ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $700.53 million.

Over the past 12 months, abrdn Physical Palladium Shares ETF recorded a return of 12.97%, with its price trading between $21.12 and $185.91 during the same period.

The ETF is traded under the ticker PALL.